Refinery Catalysts Market
Refinery Catalysts Market ( Material Type - Zeolites, Molybdenum, Cobalt, Nickel; Physical Form - Powders, Beads and Extrudates; Refining Unit - Fluid Catalytic Cracking Unit, Hydrocracking Unit, H-Oil Unit, Hydrotreating Unit, Catalytic Cracking Unit, Alkylation Unit) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Press Release :
Refinery Catalysts Market : Overview
Refinery catalysts are widely used in petroleum refineries owing to their property to alter the rate of chemical reactions. Apart from this, it also enhances quality of gasoline products produced through FCC and hydro-processing. Refinery catalysts market are known to minimize the adverse effects of gasoline and diesel on the environment. This is because they help in removing sulfur from crude oil. The growth in the global refinery catalysts market is mainly attributed to stringent government regulations on the use of crude oil products.
As per a research report by Transparency Market Research, the global refinery catalysts market is likely to reach a valuation of US$11.4 bn in 2015. The market is projected to expand at a steady CAGR of 4.60% from 2016 to 2024. Rising at this CAGR, the global refinery catalysts market is anticipated to reach a valuation US$17.0 bn by the end of the forecast period.