Global refining catalyst industry will achieve strong recovery by 2005

Global spending on refining catalysts will increase to about $2.78 billion by 2005, with a growth rate of about 4.9%/year. Hydrotreating, FCC, and hydrocracking catalyst markets will increase 5.7%/year, 3.3%/year, and 22.8%/year, respectively, while the naphtha reforming catalyst market will remain...

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Bibliographic Details
Published inThe Oil & gas journal Vol. 100; no. 36; pp. 48 - 56
Main Author PRADA SILVY, R
Format Magazine Article
LanguageEnglish
Published Tulsa, OK Pennwell 02.09.2002
PennWell Publishing Corp
Endeavor Business Media
Subjects
Acquisitions & mergers
Applied sciences
Business conditions
Catalysts
Crude oil, natural gas and petroleum products
Economic recovery
Energy
Energy industry
Exact sciences and technology
Fuels
Growth rate
Joint ventures
Market shares
Oil consumption
Outsourcing
Petroleum industry
Petroleum production
Petroleum refineries
Processing of crude oil and oils from shales and tar sands. Processes. Equipment. Refinery and treatment units
Product development
Product quality
Profit margins
Profits
R&D
Refineries
Research & development
Specialty chemicals industry
Statistical data
Statistics
Trends
United States > US
Performance evaluation
Technical progress
Production capacity
Refining
Catalyst
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Summary:Global spending on refining catalysts will increase to about $2.78 billion by 2005, with a growth rate of about 4.9%/year. Hydrotreating, FCC, and hydrocracking catalyst markets will increase 5.7%/year, 3.3%/year, and 22.8%/year, respectively, while the naphtha reforming catalyst market will remain flat. Refining processing capacity will increase to about 95.4 million b/d (4.3%/year) by 2005. The main catalytic processes will experience growth rates of about: 5.8%/year for hydrotreating, 2.6%/year for FCC; 17.4%/year for hydrocracking; and 2.3%/year for naphtha reforming. Catalyst companies will employ mergers, joint ventures, and acquisitions to respond to customer needs. These companies will continue to make strong efforts in research and development, and adopt methods to accelerate product development. Future catalyst developments will focus on improved product quality, increased activity performance, optimized processes, and lower catalyst prices.
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ISSN:0030-1388
1944-9151