GVR Report cover Catalyst Regeneration Market Size, Share & Trends Report

Catalyst Regeneration Market Size, Share & Trends Analysis Report By Product, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Report ID: 146
  • Number of Pages: 0
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Industry: Research

The global catalyst regeneration market is anticipated to grow significantly over the forecast period. Stringent regulation to produce sulfur-free clean fuels has been driving the demand for hydroprocessing catalysts. At the same time decreasing refinery margins has been pushing major refiners towards cost optimization. Catalyst regeneration emerged as the most feasible and suitable solution addressing all of the aforementioned challenges. Regenerated catalysts in addition to providing cost optimization by reducing the consumption of fresh catalysts also help in minimizing wastes generated from refineries.  

Catalyst regeneration also helps refineries to reduce their procurement cost associated with fresh hydroprocessing catalyst but also help in limiting their chemical waste generated in the production site. Refiners are constantly looking for multiple usages of catalyst. However, the poisoning of catalysts by various contaminants arsenic, vanadium, or silicon has been limiting the regeneration of the spent catalyst. To minimize this poisoning effect, the industry follows management by three actions, “Sample, Analyze, and Segregate”. Introduction of Ultra Low Sulfur fuel (ULSF) in Europe and the U.S. has been a real challenge to the refiners as the sulfur content was to go down by 350 ppm to 10 ppm in 2009. Also, to follow this regulation, the refiners needed to look at the cost of reducing sulfur content in the fuel. The regulation coupled with the cost optimization outlook of the refiners increased the demand for regenerated catalysts during the era. More stringent regulations owing to increasing environmental concerns are expected to increase the demand for catalyst regeneration. 

However, mass petroleum products producing countries in the Middle East and North Africa generally tend to produce fuel with a sulfur content of more than 750 ppm owing to relaxed regulatory boards in the regions. These factors have been inhibiting the market growth for catalyst regeneration in such mass petroleum exporting countries. However, there is a significant advancement in the Middle East to reduce the sulfur content below 750 ppm.  

This report, by Grand View Research, takes a closer look at the catalyst regeneration industry, providing a holistic perspective on market dynamics, trends, supply, and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro-level. The study aims at providing granular information, regarding estimates and forecasts for key technologies including onsite regeneration and offsite regeneration. The report also provides the same level of information for key regional markets. 

This research report analyzes various factors which have been driving and inhibiting the global catalyst regeneration market in the past. Also, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for the market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.

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