Global Hydrogenation catalyst market size was will be 3464.47 million USD in 2023

Author: QYResearch  |   Published Date: 2018-05-24   |   Views: 908


Hydrogenation catalysts are catalysts used in the Hydrogenation. Hydrogenation catalyst is a type of catalyst that is to treat with hydrogen – is a chemical reaction between molecular hydrogen (H2) and another compound or element, usually in the presence of a catalyst such as nickel, palladium or platinum. The process is commonly employed to reduce or saturate organic compounds. Hydrogenation typically constitutes the addition of pairs of hydrogen atoms to a molecule, often an alkene. Hydroprocessing is the name given to a series of chemical reactions that take place as part of oil refining, and include hydrogenation, hydrocracking and hydrotreating. Hydroprocessing is necessary to remove pollutants like sulfur, nitrogen and heavy metals from fuel oils, as well as in the process of catalytic hydrocracking, where large hydrocarbon molecules are cracked into shorter ones that can be used as fuel oils.

Hydrogenation catalyst is a high technical barrier market with limited suppliers. Market concentration is high. The top 3 players Advanced Refining Technologies (ART), Albemarle and Criterion takes a combined global market share of 42.12% in 2016. Other suppliers like Haldor Topsoe, UOP (Honeywell) and Sinopec takes a smaller share in the market.

Globally, production of hydrogenation catalyst is concentrated in USA, Europe, etc. while consumption of hydrogenation catalyst is widely spread in global market. The market in emerging countries, like China, Southeast Asia and Middle East in projected to be new growing point, while market in Europe is more modest in terms of stable light oil demand in European countries.

Hydrogenation catalyst can be broadly categorized as transition metal based catalysts, noble metal based catalyst in terms of composition. Transition metal based catalyst is the major type of catalyst which takes market share of 87.78% in 2016.

The Global Hydrogenation catalyst market size was 2785.73 million USD in 2016 and it will be 3464.47 million USD in 2023, with a Growth Rate of 3.16% from 2016 to 2023.

Hydrogenation catalyst is used in process of Refining, Petrochemicals, Oil & Fat Hydrogenation and others. Report data showed that 64.10% of the Hydrogenation catalyst market demand in Refining, 17.27% in Petrochemicals, and 11.07% in Oil & Fat Hydrogenation in 2016. With the development of economy, these industries will need more Hydrogenation catalyst. So, Hydrogenation catalyst has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high quality Hydrogenation catalyst through improving manufacturing process. It is predicted that high quality Hydrogenation catalyst will become the mainstream product in the future.

The Global Hydrogenation Catalyst Market Research Report 2018 report released by QYResearch provides a basic overview of the Hydrogenation Catalyst industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Hydrogenation Catalyst industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report:https://www.qyresearch.com/index/detail/228575/global-hydrogenation-catalyst-market
QYResearchglobal focus on market survey and report 
Media contact: press@qyresearch.com

QYR Clients

  • csl
  • croozer
  • crital alert
  • cristal
  • corveneng
  • coperion
  • contijpi medical
  • compass minerals
More Clients...