Petroleum Refining to Dominate the market
The catalyst regeneration process is extensively used in reforming. In this process, the amount of spent reforming catalysts, which are discarded as solid wastes, has increased significantly in the recent years. This is due to a rapid growth in the refining capacity in order to meet the rising demand for low sulfur fuels.
Spent catalysts are generally known as hazardous wastes due to their highly toxic and poisonous nature. Additionally, handling refiners have been experiencing pressure from environmental authorities. However, several methods, such as reclamation of metals, rejuvenation, and reuse, are being promoted.
Strict Environmental Regulations Increasing the Usage of Spent Catalyst
Spent catalysts consist of heavy reacting metals in the sulfide state. Catalyst regeneration is used to retain the catalyst’s properties by removing the heavy metals. The rapid industrialization in developing economies has led to an increase in the demand for petroleum products. This has directly impacted the amount of spent catalyst generation. To maintain good and safe living standards, regulatory authorities have been consistently trying to improve the product standards and promoting regeneration of catalysts. Additionally, stringent environmental regulations, norms laid by the governments to reuse the spent catalysts, and social awareness are the key socio-political factors, which are expected to drive the market during the forecast period.
Asia-Pacific to Lead the Market
APAC has witnessed a tremendous growth in catalyst regeneration. This is further expected to grow by significant rates owing to the increasing refinery capacities in China and India. APAC is expected to dominate the market with a 35% market share, followed by Europe.
Major Players: Eurecat US Inc., CRI Catalyst Company., Haldor Topsoe, amongst others.
Notable Developments in the Market
December 2016: Haldor Topsoe’s new catalyst by name HyOctane increased the global competition in FCC gasoline post-treatment
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Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which application is expected to dominate the market
Which regions are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Strict Environmental Regulations
4.1.2 High Cost of New Catalyst
4.1.3 Rise in Refinery Capacity
4.2.1 Patented Technologies
4.2.2 Rise in Emissions During Process
4.2.3 Inability to Regenerate Catalysts Infected by Some Elements (Silicon, Vanadium, etc.)
4.3.1 Development of Cost Effective Regeneration Technologies
4.3.2 Increasing Awareness about Catalyst Regeneration
5. Market Segmentation and Analysis (Market Size, Share and Forecast)
5.1 By Type
5.2 By End-User Industry
5.2.1 Petroleum Refining
5.2.2 Chemical Synthesis
6. Regional Market Analysis (Market Size, Share and Forecast)
6.1.5 South Korea
6.1.6 Australia & New Zealand
6.1.7 ASEAN Countries
6.1.8 Rest of APAC
6.2.2 United Kingdom
6.2.6 Rest of Europe
6.3 North America
6.3.1 United States
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.3 Rest of MEA
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 Advanced Catalyst Systems LLC
9.2 Al Bilad Catalyst Company
9.4 BUCHEN-ICS GmbH
9.5 Cormetech Inc.
9.6 CRI Catalyst Company
9.7 EBINGER Katalysatorservice GmbH & Co. KG
9.8 Eco-Rigen SRL
9.9 Eurecat US Inc.
9.10 Haldor Topsøe
9.11 Johnson Matthey PLC
9.12 Nippon Ketjen Co.
9.13 OptimLayn Technology
9.14 Porocel Industries, LLC
9.15 STEAG SCR-Tech, Inc.
9.16 UOP LLC
*List not exhaustive
** Subject to availability on public domain
- Advanced Catalyst Systems LLC
- Al Bilad Catalyst Company
- BUCHEN-ICS GmbH
- Cormetech Inc.
- CRI Catalyst Company
- EBINGER Katalysatorservice GmbH & Co. KG
- Eco-Rigen SRL
- Eurecat US Inc.
- Haldor Topsøe
- Johnson Matthey PLC
- Nippon Ketjen Co.
- OptimLayn Technology
- Porocel Industries LLC
- STEAG SCR-Tech Inc.
- UOP LLC