Next Generation Catalysts- Impact Assessment in Oil & Gas Sectors

LONDON, Jan. 18, 2016 /PRNewswire/ -- The market for next generation catalysts technologies for oil and gas sectors has gained momentum in recent years mainly due to the irregular refinery product demand, unpredictable change in feedstock types, and continuous upgradation of legislative standards. This research service discusses key advances in refinery catalysts with the impact a of the key innovations happening by corporate developers and aiding research institutions. This research service titled, Next Generation Catalysts—Impact Assessment in Oil & Gas Sectors, focuses on the recent innovations and opportunities in the catalyst technologies worldwide. This research service summarizes various technology advances in different types of refinery catalysts, namely hydroprocessing, fluidised catalytic cracking (FCC), isomerization, reforming, and alkylation. The study also covers the emerging opportunities in catalyst development enabling refiners to cope with the recent challenges in processing different kinds of feedstock with lowest possible operating costs to have maximum products yields.

The study also summarizes end-user demand to enable catalyst manufacturers and refiners to explore opportunities existing in the refinery market and fulfill market demand by developing and deploying innovative technologies. The focus areas of the research include recent advances in refinery technologies, opportunity analysis of several emerging technologies, and an assessment of their market impact. This research service also offers a roadmap highlighting the adoption of technologies that enable improved profit margin.

Key Findings

The market for catalysts for oil and gas sectors will never attain saturation because of the changing nature of the refinery feedstock, shifting focus on product demands, and continuation of tightening the fuel standards to keep the market steady and revolutionary with generations of catalysts expected to be evolved with time. However, challenges, such as heavier feedstock and supply insecurity, metal contamination, high production cost have to be addressed for continued growth and introduction of new technologies.

Hydroprocessing catalysts technology represents the largest share of the market due to its ability to process heavy feedstock of varying quality. More Fluidized Catalytic Cracking (FCC) catalysts innovation will come in place to help refiners to maximize the distillates

Technology providers are mainly concentrated in the US and EU due to the presence of many tier 1 and tier 2 companies in these regions. However, the refinery catalyst industry is rapidly growing in APAC and Middle East, due to increased demand for transportation fuels, and petrochemical feedstock from developing countries of these regions.

A significant number of strategic partnerships between companies and academies has been observed globally with an aim to jointly develop next generation catalytic technologies and commercialize the same. Venture capitalists (VCs) are highly active in financing small start up companies with breakthrough refinery catalyst technologies.

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