Refinery Catalyst Provides Solid State Storage of Energy Useful for Smarter Planet Sensors, Electric Vehicle Batteries, and Renewable Energy Substation Storage. Refinery catalyst markets at $3.3 billion in 2011 are anticipated to reach $4.3 billion in 2018. Market growth comes in large part from demand for cleaner diesel fuel and the availability of newer technology and nanotechnology.
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This new 2012 study on refinery catalysts study has 683 pages, 188 tables and figures. Worldwide markets are poised to achieve steady growth as countries impose stricter environment controls on the manufacture and use of fossil fuels.
Hydroprocessing catalysts are used to create cleaner fuels–especially ULSD. Demand for cleaner fuels is driving the market. Refining catalysts are experiencing strong growth this year. New fuel standards are coupled with refinery increasing use of heavier and dirtier feedstocks and major additions to refining capacity. Refining catalysts are moving to a more balanced market. Producers of fluid catalytic cracking (FCC) catalysts had a surge in demand. The market is shifting from one characterized by oversupply to a more stable sales effort. Hydroprocessing catalyst supply-demand is evolving.
Hydroprocessing catalysts are the fastest-growing refinery catalysts. These catalysts help control and improve the operational efficiencies in the petroleum refining process. Demand is lower for the more mature FCC catalysts than the hydroprocessing catalysts. Hydroprocessing catalysts have passed FCC catalysts, becoming the largest segment of the refinery catalyst market.
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Low sulfur regulations in developed countries, implementation of some sulfur restrictions in China, India and Mexico, and other countries is a significant market driving force. Increasingly higher sulfur-content is present in oil coming out of the ground.
The rapidly increasing demand for gasoline and diesel has increased the requirement for raw materials for their production. The limited supply of raw materials increases the overall cost of production.
Reforming catalysts are fundamental to the modernization of product reformate. They contain hydrocarbons with more complex molecular shapes having higher octane values than the hydrocarbons in the naphtha feedstock. The process separates hydrogen atoms from the hydrocarbon molecules and produces significant amounts of byproduct hydrogen gas.
Hydrogen is useful for fuel cells, meaning that refineries could become environments for generating electricity. Hydrogen is useful in stationary fuel cells that are evolving a market for providing local power in campus environments. Local power generation is becoming more valued as people realize that the cost of conditioning electricity for the grid is an unnecessary expense in local power environments.
Refinery Catalyst Market Driving Forces
Change Is The Only Constant
Shift In Refiners’ Raw Material Consumption
Toward Heavier Feedstocks
Lower Sulfur Specifications Worldwide
Refinery Catalyst Market Shares
Refinery Catalyst Market Forecasts
Global Refining Catalyst Market Forecast Issues
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1. REFINERY CATALYSTS MARKET DESCRIPTION AND DYNAMICS
1.1. Fluid Catalytic Cracking FCC Catalysts And Hydroprocessing Catalysts
1.1.1. Reducing Emissions From Diesel Engines
1.1.2. On-Road Vehicles Emission Of Nitrogen Oxide
1.1.3. Fluid Catalytic Cracking (FCC)
1.2. Identifying Trends In The Refining Catalyst Market
1.2.1. Depleting Crude Oil Reserves
1.2.2. Catalysts Have To Be Protected From Particulates And Foulants
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