Lucintel Forecasts Refinery Catalyst Market to Reach $5.0 Billion by 2028

Market-Research

According to the recent study the refinery catalyst market is projected to reach an estimated $5.0 billion by 2028 from $4.0 billion in 2023, at a CAGR of 4.5% from 2023 to 2028. Growth in this market is primarily driven by increasing demand of high octane fuel in transportation industry globally and rising demand for petroleum and petroleum derived products.

A more than 150-page report is developed to understand trends, opportunities and forecast in refinery catalyst market by material (zeolites, metallic, chemical compounds), application (FCC catalysts, alkylation catalysts, hydrotreating catalysts, hydrocracking catalysts, and catalytic reforming), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/refinery-catalyst-market.aspx

“Zeolite market is expected to remain the largest segment during the forecast period.”

Based on material, the refinery catalyst market is segmented into zeolites, metallic, chemical compounds. Lucintel forecasts that the zeolite market is expected to remain the largest segment because they are majorly used in refinery units for its high-pressure resistance, high-temperature resistance, and high melting points characteristics.

“Within the refinery catalyst market, the hydrocracking catalysts segment is expected to remain the largest application”

Based on application the hydrocracking catalysts segment is expected to witness the highest growth over the forecast period as it helps in converting heavy oil feedstock in high-quality and lighter fuel products.

“Asia pacific will dominate the refinery catalyst market in near future”

APAC will remain the largest region due to the rapid industrialization and increasing energy consumption in developing countries like China and India.

Download Brochure of this report by clicking on https://www.lucintel.com/refinery-catalyst-market.aspx

Major players of refinery catalyst market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Albemarle, Johnson Matthey, W. R. Grace, BASF, Honeywell, and Clariant International are among the major refinery catalyst providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/refinery-catalyst-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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