Hydrodesulfurization is a chemical process that is used to remove sulfur and sulfur compounds from the end products of refined petroleum, including diesel, petrol, jet fuel, and fuel oils. Hydrodesulfurization catalysts enable and enhances the hydrodesulfurization or hydrotreating process in petroleum refineries and natural gas processing plants. The use of such catalysts removes the excess sulfur present in the petroleum refined end products. The hydrodesulfurization catalysts consist of base that is impregnated with metals like cobalt and molybdenum.
MARKET DYNAMICS
The growing demand for the application of cleaner and low sulfur fuels is driving the growth of the hydrodesulfurization catalysts market. Besides this, the demand for ultra-low sulfur main fuels, heating oils, and jet fuels have also favored the growth of the market. However, the plunge in demand for oil and tumbling oil prices and investments has obstructed the growth of the market. Advancement in internal combustion engines used in automobiles coupled with regulatory concerns regarding environmental pollution is expected to boost the demand for hydrodesulfurization market in the near future.
MARKET SCOPE
The "Global Hydrodesulfurization Catalysts Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrodesulfurization catalysts market with detailed market segmentation by type, feedstock, end use industry and geography. The global hydrodesulfurization catalysts market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydrodesulfurization catalysts market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydrodesulfurization catalysts market is segmented on the basis of type, feedstock and end use industry. On the application of type, the hydrodesulfurization catalysts market is segmented into cobalt-molybdenum hydrodesulfurization catalyst, nickel based hydrodesulfurization catalyst and other. Based on feedstock the market is broken into natural gas, naphtha, heavy oil, diesel oil, kerosene and others. The hydrodesulfurization catalysts market as per end use industry is bifurcated into petrochemicals and natural gas processing.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hydrodesulfurization catalysts market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hydrodesulfurization catalysts market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hydrodesulfurization catalysts market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydrodesulfurization catalysts market in these regions.
MARKET PLAYERS
The reports cover key developments in the hydrodesulfurization catalysts market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydrodesulfurization catalysts market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrodesulfurization catalysts market in the global market. Below mentioned is the list of few companies engaged in the hydrodesulfurization catalysts market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrodesulfurization catalysts market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Albemarle Corporation
- Axens SA
- Grace Catalysts Technologies
- Haldor Topsoe A/S
- Honeywell UOP
- JGC C&C
- Johnson Matthey Plc
- Royal Dutch Shell PLC
- Sie Neftehim LLC.
- Sinopec Corp.