Market Analysis and Insights: Middle East Oil Refining Catalyst Market
Middle East Oil Refining Catalyst Market, By Type (Hydrotreating, Fluidized Catalytic Cracking (FCC), Residue Fluidized Catalytic Cracking (RFCC), Hydrocracking, Diesel Fuel Dewaxing, and Oligomerization of Butane-Butylene Fraction and Aromatization of Paraffins), Catalyst (Zeolites, Metals, Chemicals), Distribution Channel (Direct Sales/BB, Distributors/Third-Party Distributors/Traders, E-Commerce, Others), Application (Diesel, Kerosene, Distillate Dewax, Others), Country (Algeria, Bahrain, Jordan, Israel, Iraq, Iran, Egypt, Kuwait, Oman, Qatar, Turkey, Saudi Arabia, United Arab Emirates) Industry Trends and Forecast to 2027
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Market Analysis and Insights: Middle East Oil Refining Catalyst Market
Middle East oil refining catalyst market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.3% in the forecast period of 2020 to 2027 and expected to reach USD 173,881.78 thousand by 2027. Rising demand for gasoline and other petroleum derivatives from various end-use industries in the Middle East is the driving factor for the market growth.
Catalysis plays a crucial function in many stages of fuel development. A lot of catalytic processes are necessary for the conversion of crude oil to final commercial products, with strict consistency. Delineated configuration Up to 30% of the total number of catalysts generated in the industry is consumed by the refinery process. The catalytic application of hydrogen to different refining streams results in the elimination of heteroatoms primarily of Sulphur and Nitrogen, which have a detrimental environmental effect, such as the reduction of olefins and, to a lesser degree, of aromatics of the catalyst. Hydroprocessing of final product and intermediate hydrocarbon sources and hydrocracking systems for the upgrade of heavy intermediate products under different conditions is an important part of the modern refinery cycle.
Oil refining catalyst has advantages and is used in the various applications. Fluidized catalytic cracking (FCC) is one of oil refinery's most important processes. It is commonly used to transform alkanes or residuum fractions of crude oil to more useful fuel, olefin, and other goods. As a catalyst, conventional cracking utilizes zeolites. Rising demand for gasoline and other petroleum derivatives from various end-use industries, stringent regulations regarding the sulfur content and octane number of the fuel drive the Middle East oil refining catalyst market while political instability in Middle East country and volatility in raw material prices hamper the Middle East oil refining catalyst market.
This oil refining catalyst market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Competitive Landscape and Oil Refining Catalyst Market Share Analysis
Oil refining catalyst market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to oil refining catalyst market.
The major players covered in the report are BASF SE, Royal Dutch Shell plc, 3M, Arkema, Dow, Johnson Matthey, Albemarle Corporation, China Petrochemical Corporation, W. R. Grace & Co.-Conn, Haldor Topsoe A/S, Anten Chemical Co.,Ltd, Clariant, Exxon Mobil Corporation, Honeywell International Inc (UOP LLC) (A Subsidiary of the Honeywell International Inc), Kuwait Catalyst Company among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the oil refining catalyst market.
For instance,
- In April 2019, W. R. Grace & Co.-Conn. announced that an agreement with TechnipFMCPLC has been signed to jointly develop improved TechnipFMC Deep Catalytic Cracking (TDCC) technology for catalysts and processes. TDCC is a TechnipFMC approved high-severity catalytic fluid cracking method designed to produce very large propylene and other petrochemical supplies. Grace's expertise, including method and technical know-how, as the leading supplier of the FCC catalytic and light-olefin additive systems
Customization Available: Middle East Oil Refining Catalyst Market
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