Orbis Research has announced that it has published a new study, ‘Refinery, Re-refinery, and Biofuel Catalysts: Market Shares, Strategy, and Forecasts, Worldwide, 2016 – 2022’. The 2016 study has 36 pages, 18 tables, and figures in Excel. The worldwide refinery, re-refinery, and biofuel catalysts markets are poised to achieve significant growth due to the shift in types of feedstock that are being processed.
Markets for biofuel catalysts have the strongest growth throughout the forecast period, due to environmental concerns worldwide providing a thrust for these catalysts. The technology appears to be relatively mature. The feedstock is plentiful in some areas, and in these areas, refinement of biofuels makes economic sense.
Markets for re-refining catalysts will continue to grow in response to the maturation of the technology and the value gained from reusing motor oil. Crude oil refinery catalysts do not grow as rapidly as these other two segments because of the relatively mature market. Vendors seek to customise the catalysts to give clients improved value related to the particular use pattern in a given locality.
According to Susan Eustis, Lead Author of the study, “Use of the new refinery catalyst represents a key milestone in provision of value to the refineries. Customised catalysts have provided an opportunity to transform the refinery business while keeping investment in infrastructure intact. New materials and new designs are bringing that transformation forward. By furthering innovation, continued growth is assured.”
The worldwide market for refinery, re-refinery, and biofuel catalysts products is US$4.6 billion anticipated to reach US$8.5 billion by 2022. The complete report provides a comprehensive analysis. The reports cover markets for refinery, re-refinery, and biofuel catalysts.
You can read the full report here.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/refining/28032016/orbis-research-releases-refinery-re-refinery-biofuel-catalysts-global-review-2016-and-forecast-until-2022-2820/