Refinery catalyst is used to break down heavy hydrocarbon compounds into lighter derivatives which has comparatively low boiling point. These catalysts are used to control issues like heat balance effect and metal contamination in tight oil processing along with increasing operational efficiency of petroleum. Stringent government regulatory standards by EPA and EU Commission for controlling carbon emission and air pollution by minimizing sulfur content in the fuel will favour industry growth.
COVID 19 has imposed evident challenges to refining sector owing to dropping demand for petroleum products. This pandemic has imposed travel restrictions and personnel quarantines has led to slowing down of industrial activities and jet fuel demand mainly in U.S. and Europe is likely to hamper product demand. The current downturn in oil prices and oil & gas industry has led disruption in demand supply cycles. The reports helps in understanding market estimation & forecast for Global Medical Aesthetic Device Market considering economic conditions during COVID 19 pandemic. Study impact of COVID 19 on market value with holistic approach considering both supply and demand side of the market. The report provides detailed analysis on macro and micro economic factors analysis pertaining to healthcare expenditure, out of pocket expenditure, economic policies, GDP and international trade changed due to COVID 19
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
Asia Pacific driven by India, Japan and China refinery catalyst market size may observe robust growth. Majority of multinational giants are shifting base and establishing refineries in countries including India, China, South Korea, and Japan owing to flexible government and favourable FDI policies will drive regional industry growth. Indian Government under PCPIR policy for promoting FDI investment in oil & gas sector mainly in petrochemicals, petroleum and chemicals. Increasing demand for petroleum fuels due to large number of on road vehicles has led to rise in refinery activities, thus propelling product demand in this region.
Major industry participants operating in the market includes Royal Dutch Shell, BASF, clariant, Honeywell UOP, Albemarle Corporation, Exxon Mobil Corporation, Filtra Catalyst And Chemicals, Dorf Ketal, KNT Group, N.E. Chemcat, Nippon Ketjen Co, Porocel, China Petroleum & Chemical Corporation, Johnson Matthey and Zeolyst International. Companies are engaged in strategic collaborations, acquisition and product innovation to cater rising demand along with enhance market presence.
The report analyses the global refinery catalyst market based on type, material, and geography. Various type studied are segmented into fluid catalytical cracking (fcc), hydro processing [hydrocracking, hydro treating], reforming & isomerization alkylation, desulfurization. The material segment is categorized into zeolite, metal, chemical compound
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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