May 05, 2020 Xherald -- The Oil Refining Catalyst Market study provides comprehensive data on aspects of competitive intelligence, market research, strategy, planning, pricing and forecasting that enhances the understanding, scope, and application of this report.
The major key players covered in this report:
Exxon Mobil Corporation /zigman2/quotes/204455864/composite XOM -0.23% , Royal Dutch Shell plc /zigman2/quotes/204918741/composite RYDAF -1.54% , China Petroleum & Chemical Corporation /zigman2/quotes/202783176/composite SNP -1.65% , BP p.l.c., Saudi Arabian Oil Co., Valero Energy Corporation /zigman2/quotes/200735463/composite VLO -2.46% , amongst others.
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APAC is among the largest market for refinery catalyst. It is also projected to be the fastest-growing market, in terms of both value and volume, during the forecast period. Some of the primary drivers for refinery catalyst market growth globally include the impressive growth of the transportation fuels especially in the developing countries of Asia-Pacific region. U.S. Energy Information Administration (EIA) has projected that energy consumption will increase by 56% by 2040. The rapidly increasing demand for gasoline and diesel has increased the requirement of raw materials for their production.
However, the limited supply of raw materials increases the overall cost of production. This factor has attracted manufacturers toward refinery catalysts, as they help extract relatively more diesel and gasoline from the same amount of crude oil. Thus, the refinery catalysts market is improved by the fact that the efficient use of catalysts can help the manufacturers' better address the increasing energy demand. Due to this, the refinery catalysts manufacturers are now increasing their production capacities to cater to the rising demand for refinery catalysts.
This report segments the global Oil Refining Catalyst Market based on Types are:
Fluid Catalytic Cracking (FCC) Catalyst, Hydroprocessing Catalyst, Alkylation Catalyst.
Based on Application, the global Oil Refining Catalyst Market is Segmented into:
Onshore Operations, Offshore Operations.
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Regions covered By Oil Refining Catalyst Market Report.
North America (The United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis of segmentation help in offering precise results about the markets related to the industry.
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