Refinery Catalyst Market Global Industry Insights, Trends and Outlook and Global Opportunity, 2022-2028
The market for catalysts used in
refineries is divided into FCC (fluid catalytic cracking), hydroprocessing
(including hydrotreating and hydrocracking), reforming and isomerization,
alkylation, and other categories like desulfurization. The hydroprocessing
market, which is dominated by hydrotreating catalysts, will expand at a CAGR of
nearly 5% between 2019 and 2025. Hydrotreating cleans distilled crude oil
fractions and intermediate process streams of contaminants like sulphur,
nitrogen, olefins, aromatics, and others. With roughly 70% of the global market
for refinery catalysts, the FCC segment will dominate the market in 2018. FCC
is a chemical process that transforms heavier hydrocarbons with higher
molecular weights into lighter hydrocarbons by combining heat and a catalyst,
primarily zeolite.
Metals, zeolite, chemical
compounds, and other specialty materials like enzymes and organometals are
among the various materials used in refinery catalyst. Zeolite-based products,
which are the most widely used product in FCC units worldwide, registered a
revenue of over USD 1.5 billion in the refinery catalyst market in 2018. Since
type Y zeolites are significantly more reactive than other conventional
products, they are typically used as refinery catalysts.
A very small portion of the
overall Refinery
Catalyst Market, chemical compounds account for more than USD 25
million in market value for refinery catalysts. These chemicals are suitable
options for petroleum refining because of their low cost, particularly for
alkylation processes.
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