MarketsandMarkets: Global Refinery Catalyst Market Worth US$3.4 Billion by 2015

DALLAS, February 1, 2011 /PRNewswire/ -- According to a new market research report, 'Global Refinery Catalyst Market - FCC ,HTC , HCC by units, geography, ingredients and applications (2010 - 2015)' ( http://www.marketsandmarkets.com/Market-Reports/refinery-catalyst-advanced-te chnologies-and-global-market-84.html), published by MarketsandMarkets (http://www.marketsandmarkets.com), the total global refinery catalyst market is expected to be worth US$3.4 billion by 2015 . The global market is expected to record a CAGR of 2.29% from 2010 to 2015.

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The increasing demand for petroleum products coupled with the growing concerns towards the environment is expected to continue to drive the growth of the overall market for refinery catalyst. The benefits of refinery catalysts are attracting an increasing number of petroleum refineries and thus boosts the demand. In addition, intensive R&D efforts and increasing investments on refinery catalysts are expected to improve the efficiency of these products. The global Refinery Catalyst market is estimated to reach $3.4 billion in 2015 from about $3 billion in 2010.

EMEA has a large refinery catalyst market due to the presence of major oil producing countries in the region like Saudi Arabia and Iraq. EMEA is expected to account for 33% of the global refinery catalyst market in 2015. The APAC refinery catalyst market is expected to be worth $921.4 million in 2015 from $723.9 million in 2009. The region is expected to have a high CAGR of 3.28% from 2010 - 2015 due to its increasing capacity of refinery catalysts. The saturation of the North American and EMEA market is expected to boost the APAC market.

The global refinery catalyst is categorized into FCC (fluid catalytic cracker), hydro processing (hydro cracking and hydro treating), isomerization, alkylation and others. FCC is a key conversion process of petroleum refining, dominated the market with 38.5% followed by hydroprocessing catalysts with 32%. The demand for hydroprocessing catalysts has been increasing primarily because these reduce the high levels of impurities present in the feedstock. The hydro-treating catalysts segment accounted for the largest share i.e. 74.2% of the overall hydroprocessing catalysts market at $667.6 million in 2009. This segment is expected to reach $869million in 2015, at a CAGR of 3.53% for the period 2010-2015.

Scope of the report This report analyzes the global refinery catalyst markets based on:

    - Types of Refinery catalyst:

    - Hydroprocessing catalysts
    - FCC catalysts
    - Alkylation catalysts
    - Hydrogen manufacturing catalyst
    - Hydrodesulphurization catalysts
    - Isomerization catalysts
    - Others

    - Type of ingredients:

    - Metals
    - Zeolites
    - Chemical compounds

    - Market Participants

    - Refinery catalyst producers
    - Crude oil refining companies
    - Metal suppliers
    - Chemical companies
    - Others

The report also analyzes refinery catalyst market by type ingredients used in the manufacture of refinery catalysts, such as metals, zeolites, and chemical compounds by geography. In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the refinery catalyst markets in the North America, Europe, Asia, and Rest of the World (ROW). The report draws the competitive landscape of the global refinery catalyst market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.

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