Hydrotreating Catalyst Market Growth and Forecast 2027

1. Hydrotreating Catalyst Market  Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 ©2019 Transparency Market Research, All Rights Reserved

2. Hydrotreating Catalyst Market: Introduction Hydrotreating is considered a primary process in refineries, which is employed to remove sulfur and nitrogen contaminants from diesel, gasoline, and jet fuel Hydrotreating catalysts are produced by coating alumina extradites with potentially active metals such as cobalt, nickel, molybdenum, and/or tungsten In the hydrotreating process, hydrogen is mixed with sour hydrocarbon fed inside a reactor, which is filled with cobalt–molybdenum or nickel–molybdenum catalysts. In their active form, cobalt–molybdenum or nickel–molybdenum catalyze the reactions to transform sulfur and nitrogen contaminants into hydrogen sulfide and ammonia.  These compounds can be easily removed from the hydrogen off-gas stream in subsequent processing steps. The hydrocarbon product leaving the reactor is an extremely clean motor fuel. Hydrotreating catalysts are hygroscopic and they can easily absorb 2%–4% of water on exposure to humid air during the loading process View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

3.  Key Drivers of Global Hydrotreating Catalyst Market Leading players operating in the global oil & gas refinery industry are striving to meet norms regarding clean energy, while ensuring cost-efficient processes. Hydrotreating catalysts enable refineries to meet product specifications at a low cost. Government regulations in developing countries to reduce the amount of sulfur oxide emissions from burning of crude oil can also be considered one of the major factors driving the hydrotreating catalyst market in these countries, for example, the new IMO (International Maritime Organization) 2020 Low Sulfur Regulation would be coming into effect from January 1, 2020. As per this regulation, all sea-going vessels worldwide would need to reduce the level of their sulfur emissions by 85%. In order to comply with the regulation, sulfur content in fuel oil should be reduced from 3.50% to 0.50%. In addition to this, the 0.10% sulfur limit is already effective in the Emission Control Areas (ECAs).

4. Key Players Operating in Global Hydrotreating Catalyst Market HaldorTopsoe A/S Axens S.A. Johnson Matthey PLC Criterion Süd-Chemie Albemarle Corp. Grace Davison Honeywell International Inc. BASF W.R Grace Sinopec

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