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Posted by Larry on September 9, 2024 at 11:13pm 0 Comments 0 Likes
Posted by freeamfva on September 9, 2024 at 11:12pm 0 Comments 0 Likes
The global Refinery Catalyst Market size is expected to reach USD 10.01 billion by 2030, expanding at 5.0% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing demand for petroleum products is the major factor driving the market. The refinery catalysts alter the rate of chemical reactions in the FCC unit, thereby, speeding up the chemical reaction. This reduces the turnaround time of the manufacturing process. Refinery catalysts chemicals are used in a wide variety of operations for carrying out refining activities.
Among the different raw materials used in the production of refinery catalysts, zeolites have emerged as major sources of raw material. Zeolites are amino silicates composed of frameworks of silicon, oxygen, and aluminum in the form of SiO4 and AlO4. A number of them occur naturally and hence are procured via mining as minerals. However, synthetic zeolites are also produced commercially.
Refinery catalysts are widely utilized in refining processes such as fluid catalytic cracking, alkylation, and hydrotreating. The role of an accelerator in the FCC process is to aid the breakage of heavy molecules at a high temperature and under moderate pressure so that they can be separated from a mixture and collected as a vapor. The separated products are purified and treated for application in multiple end-use industries.
The key market players are introducing customized solutions for different regions based on individual regulatory trends, fuel quality, and driving conditions to reach out to a broader customer base. The European Union (EU) plans to cut down carbon dioxide emissions by 2020, and hence, is encouraging major companies to introduce innovative biocatalysts.
List of Key Players of Refinery Catalyst Market
Related Press Release@ Refinery Catalyst Market Report
Refinery Catalyst Market Report Highlights
Related Reports@
Refinery Catalyst Market Segmentation
Grand View Research has segmented the global refinery catalyst market report based on product, application, and region:
Refinery Catalyst Product Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
Refinery Catalyst Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Refinery Catalyst Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
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