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Showing posts with the label Refinery Catalyst Market Trend

Refinery Catalyst Market In-depth Survey and 2022 Future Outlook

Growing need for environmental friendly/high performance fuels is expected to remain a key driving factor for global refinery catalyst market. Stringent EPA and REACH environmental regulations to curb sulfur and NOx emissions caused due to growing refinery is also expected to have a positive impact on the market growth. The Global Refinery Catalyst Market is expected to reach USD 6.18 billion by 2022, according to a new report by Grand View Research, Inc. Increasing refinery complexity along with growing requirement to optimize tight oil and sour crude processing has led to the usage of specialty catalysts with improved efficiency. Zeolites were the most preferred catalyst material with demand share exceeding 30% of total market volume in 2014. Zeolites are expected to witness significant growth on account of high requirement in various refinery processes including catalytic reforming, hydrotreating, and FCC. High porosity and adjustable acidity are key properties on account o