The primary focus of the oil refiners is to convert the residues to produce stable LSFO i.e. low sulphur fuel oil and hydro-treated feedstock as per the market specification. Residue Hydrodesulfurization Catalysts are generally used in the conversion process.
Market Analysis and Insights: Global Residue Hydrodesulfurization Catalyst Market
Due to the COVID-19 pandemic, the global Residue Hydrodesulfurization Catalyst market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Supported Catalyst accounting for % of the Residue Hydrodesulfurization Catalyst global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Atmospheric Residue segment is altered to an % CAGR throughout this forecast period.
China Residue Hydrodesulfurization Catalyst market size is valued at US$ million in 2021, while the US and Europe Residue Hydrodesulfurization Catalyst are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Residue Hydrodesulfurization Catalyst landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
The global key manufacturers of Residue Hydrodesulfurization Catalyst include Advanced Refining Technologies (ART), Albemarle Corp, Criterion, Honeywell UOP, Haldor Topsoe A/S, Axens S.A, Johnson Matthey PLC, JGC C&C and Sinopec and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Residue Hydrodesulfurization Catalyst capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Residue Hydrodesulfurization Catalyst by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Residue Hydrodesulfurization Catalyst Scope and Segment
Residue Hydrodesulfurization Catalyst market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Residue Hydrodesulfurization Catalyst market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Supported Catalyst
Dispersible Catalyst
Segment by Application
Atmospheric Residue
Vacuum Residue
By Company
Advanced Refining Technologies (ART)
Albemarle Corp
Criterion
Honeywell UOP
Haldor Topsoe A/S
Axens S.A
Johnson Matthey PLC
JGC C&C
Sinopec
CNPC
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE