Catalyst regeneration is the process used for producing aromatic hydrocarbons which are used as motor fuel. This process is mostly used by petroleum and petrochemical industries to convert paraffins and naphthenes into aromatics. With the increasing need for sulfur free clean fuel, regenerated catalyst usage is increasing. Global consumption of regenerated catalyst has reached around 1,200 kilo tons per year. Regeneration and recycling of catalysts will help petroleum refiners, chemical producers, power plant operators, and crude oil refineries in cost optimization and meet the international need for cleaner products. Protecting the environment and meeting energy needs are the two important applications of the catalyst regeneration technology.
The global catalyst regeneration market is growing steadily since the last few years. Around 60% of the catalyst regeneration market is captured by off-site regeneration. It is projected that in the future, the growth of the catalyst regeneration market will depend more on off-site catalyst regeneration rather than on on-site methods. The reason for the growth of the regenerated catalyst market is that it is approximately 40% frugal than new catalysts, the lead time is in weeks, there is no burden of land-filling, and 66% less CO2 is required than in a new catalyst.
Some of the major factors driving the growth of catalyst regeneration market are environmental regulation to reduce the chemical waste produced from manufacturing processes, rising cost of metal actives, and the tight supply and demand curve. The market share of the regenerated catalyst market will keep growing in terms of volume because of increase in the cost of raw material but, nevertheless, value-wise the market share of fresh catalysts would be greater because of the high price of newly innovated high performing fresh catalysts.
Some of the major factors restraining the market growth are the use of renewable feedstock and low grade coal or heavy oil from the streams that include catalyst poison which could permanently damage catalyst active sites where the regeneration becomes unsuccessful.
Some of the market players in this industry include, Eurecat U.S. Inc., Porocel Adsorbents, Catalysts & Services, TriCAT GmbH Catalyst Service, CoaLogix, STEAG Energy Services, Haldor Topsoe, Albemarle, Ebinger and Johnson Matthey, BASF, Bayer Technology Services GmbH, Catalysts And Chemicals Industries Co. Ltd., Catalytic Combustion Corp., Catalytica Energy Systems, Catalyst Regeneration Services and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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