Catalyst Regeneration Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 150 Pages
The global catalyst regeneration market (henceforth, referred to as the market studied) is estimated to register a CAGR of more than 5% during the forecast period (2016-2026). The factors driving the growth of the market studied are the high cost of new catalysts and regulations related to the disposal of spent catalysts. On the flip side, the impact of the COVID-19 is expected to act as a barrier to the growth of the market studied.
The Refineries and Petrochemical Complexes segment is expected to dominate the catalyst regeneration market over the forecast period.
Asia-Pacific dominated the catalyst regeneration market and is also forecasted to be the fastest-growing market during the forecast period owing to the increasing consumption for countries such as China, India, and ASEAN Countries, among others.
Catalysts play a major role in petroleum refining since most of the processes beyond the crude unit are catalytic. Several straight-run fuels that are produced through fractional distillation do not meet the standards for low-sulfur and higher-octane fuels. Thus, these crude unit fractions are processed further. An increase in fuel octane number can be achieved through catalytic reforming and isomerization processes, both of which are catalytic in nature.
During the functioning of catalyst, it may be poisoned by any number of contaminants in the feed. Its surface, void spaces, and pores may be fouled by carbon that is produced by cracking and condensation reactions. There are six mechanisms for the deactivation of catalysts used in petroleum refining, including poisoning, fouling, thermal degradation, vapor compound formation, vapor-solid, and solid-solid reactions, and physical damage to the catalyst support. Crude oil contains sulfur and certain metals, such as nickel and vanadium, which act as poisons for many refinery processes, like catalytic reforming. A chemical poison may act in several ways to deactivate the catalyst. The adsorption of these particles on catalyst physically blocks multiple reaction sites. They also prevent or bring down the surface diffusion of adsorbed reactants.
With the ongoing increase in the strict regulations related to the disposal of spent catalysts, and steps to make the overall refining process more economical, the consumption of regenerated catalysts is expected to grow at a healthy rate in the coming years, in refining application
The global catalyst regeneration market is partially consolidated with the major payers accounting for a decent share of the market. The market is highly dynamic with the leading players aiming to increase their market share through product innovation, capacity expansions, and mergers & acquisitions. The major players in the market include Eurecat, CORMETECH, Zibo Hengji chemical Co., Ltd., Evonik Industries AG (Porocel), and BASF SE, among others.