ResearchMoz: Refinery Catalyst Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018 – Market Research Report
ALBANY, New York, May 16, 2012 /PRNewswire/ –
New Report Added in ResearchMoz Reports Database Refinery Catalyst Market Shares,
Strategies, and Forecasts, Worldwide, 2012 to 2018
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.
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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.
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
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.
Stationary fuel cells represent the base for distributed power generation worldwide.
No more new coal plants, no mare extensions to the grid. Distributed power has become
mainstream. Distributed generation (DG) refers to power generation at the point of
consumption. The use of hydrogen and the manufacture of hydrogen in refinery environments
could become significant aspect of markets.
According to Susan Eustis, the lead author of the study, “These factors have attracted
manufacturers to refinery catalysts, as these help extract relatively more diesel and
gasoline from the same amount of crude oil. The refinery catalyst market is thus boosted
by the fact that the efficient use of catalysts can help the manufacturers’ better address
the increasing energy demand. Hydroprocessing faces significant challenges as crude feeds
get heavier; there will be more sulphur and nitrogen to extract; more aromatics to
saturate; more metals to remove; and more coke to deal with. Refiners have ageing
facilities, which may not be designed and optimized to meet new challenges.”
Generating power on-site, rather than centrally, eliminates the cost, complexity,
interdependencies, and inefficiencies associated with transmission and distribution. Like
distributed computing (i.e. the PC) and distributed telephony (i.e. the mobile phone),
distributed power generation shifts control to the consumer.
As more capital investment is needed, costs for refining fossil fuels will rise,
stimulating markets for renewable energy, making them more competitive with fossil fuels.
Hydrotreating catalysts will continue to achieve the best growth in the petroleum
refining market, aided by the increasingly sour nature of the crude petroleum supplied to
the market. Efforts by Brazil, China, India and Russia to improve their air quality by the
introduction of low-sulfur fuels are ongoing. Hydrocracking and fluid catalytic cracking
(FCC) catalysts achieve advances, particularly in Asia as the growing motor vehicle fleet
stimulates new gasoline and diesel fuel demand.
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