Albany, NY -- (SBWIRE) -- 08/29/2016 -- A catalyst can be defined as a component that accelerates a chemical reaction without taking part in the process. The amount of catalyst required is small compared to the amount of reactants. In most cases, the entire quantity of catalyst is recovered at the end of the reaction process. In refining, catalysts play an important role in cracking heavy carbon chains into lighter products such as diesel and gasoline. Hence, these are mostly used in processes subsequent to the post atmospheric and vacuum distillation units.

The global refining catalyst market to grow at a CAGR of 3.28% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global refining catalyst market for 2016-2020. The report discusses segmentation in the refining catalyst market by process (FCC, alkylation, hydrotreating, hydrocracking, and catalytic reforming), by type (zeolites, metals, and chemical compounds).

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Refining Catalyst Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Albemarle
- BASF
- Honeywell-UOP
- Royal Dutch Shell (Shell)
- W. R. Grace

Other prominent vendors
- ExxonMobil
- Dow Chemicals
- DuPont
- Sinopec
- Axens

Market driver
- Higher demand for refined petroleum products boosting the refining catalyst market
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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