Stratview Research has recently published a report on the Refinery Catalyst Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2023 to 2028.
Refinery Catalyst Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Refinery Catalyst Market was estimated to grow from USD 4.62 billion in 2022 to reach USD 5.62 billion by 2028 at a compound annual growth rate (CAGR) of 3.33% during the forecast period of 2023-2028.
What is Refinery Catalyst?
A refining catalyst is a substance that is used to convert oil refining naphtha into reformats, which are high-octane liquid products. Low octane hydrocarbons are also converted into cyclic naphthalene and other branched alkanes. Refinery catalysts are widely used in tight oil production to combat issues such as metal pollution and heat balance.
Some of the companies drives the market growth:
- Albemarle Corporation
- Anten Chemical Co., Ltd
- Chempack
- Criterion Catalysts & Technologies L.P
- Filtra Catalysts and Chemicals Ltd.
- Haldor Topsoe A/S
- Honeywell UoP LLC
- JGC Catalysts and Chemicals
- Sinopec Corp
- W. R. Grace & Co.
To download a free sample of the report, Click Here: https://www.stratviewresearch.com/Request-Sample/2065/Refinery-Catalyst-Market.html#form
Regional Insights
Asia-Pacific shares more than 30% market in 2021, and is expected to maintain its vanguard during the forecast period. The region accounted for the largest share of the market in 2021, and is expected to be the fastest-growing market over the next five years.
China and India are the growth engines of the region. With the refinery upgrades and capacity expansions in India and China, the region is expected to experience the fastest growth over the forecast period.
Research Methodology
- This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
- We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
