Catalysts in Petroleum Refining Chemicals, and Polymer Synthesis Market 2021 – 2022 | Trends, Drivers, Challenges, Growth Forecast and Segmentation
Jan 13, 2021 (AmericaNewsHour) —
Catalysis plays a crucial role in the refining of petroleum as most of its processes are catalytic. Petroleum fractions produced via fractional distillation of crude oil do not fulfil the quality standards to be used as fuels and the increasing market demands. Catalytic reforming is a process in which high-octane liquid products called reformatesis extracted from petrol refinery naphthas distilled from crude oil (they typically have low octane ratings).
Usage of bio-catalysts as enzymes for the process of vitro-polymer synthesis is a fairly new stream that became popular in the last two decades. Enzymatic catalysis is ecologicallykind, yet allowing the synthesis of several natural & unnatural polymers having well-defined arrangements with controlledregion-selectivity, stereo-chemistry, & chemo-selectivity.
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Some of the drivers of this market are:
Growing per capita income reflected by a higher GDP growth;
Introduction of government norms and legislations, calling for more investments in catalysts;
Presence of strict vehicle emission standards;
The growing demand for polymers and automobiles and;
Imposition of regulations for the development of better products.But the Market faces some restraints like:
High manufacturing costs
Depletionof natural resources
Fluctuation in prices of precious metal and
The weakening of economy in many countries.
The global catalysts in petroleum refining chemicals and polymer synthesis market can be bifurcated further according to the following categories-
According to the chemical material –
Metals and organometallic catalysts
According to application-
Chemical synthesis catalysts
Petroleum refining catalysts
Fluid catalytic cracking
According to the geography-
Rest of the world.
The Asia-Pacific is the largest regional market for catalysts and owes for about XX% of the market share as of 2017, owing to the fact that the region has XX% of the world’s petroleum refining and polymer synthesis capacity. North American Market is the second largest market followed by the European Market.
If the polymer synthesis catalysts segment is taken into account, Asia-Pacific Region holds around XX% of the market and is presumed to show a higher trajectory. Latin America Market is expected to grow rapidly in coming years. Catalyst production in North America and European Market is expected to slow marginally due to the shift of catalyst manufacturing to Asia-Pacific, the Middle East and Africa.
However, with constant implementation of new government standards and regulations resulting in more investments in catalysts to deliver the expected pollution standards & better quality, the market would be boosted.
Some of the key players in this segment include
Catalytic Distillation Technologies
The Dow Chemical Co.
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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