Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Market Research Forecasts Refinery Catalyst Market at $4 Billion in 2018

Abstract:
MarketResearch.com has announced the addition of the new report "Refinery Catalyst Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018" to their collection of Petroleum market reports. For more information, visit www.marketresearch.com/Wintergreen-Research-v739/Refinery-Catalyst-Shares-Strategies-Forecasts-6858844/

Market Research Forecasts Refinery Catalyst Market at $4 Billion in 2018

Rockville, MD | Posted on March 27th, 2012

The rapidly increasing demand for gasoline and diesel has increased the requirement for raw materials for their production. The limited supply of raw materials increases the overall cost of production.

Reforming catalysts are fundamental to the modernization of product reformate. They contain hydrocarbons with more complex molecular shapes having higher octane values than the hydrocarbons in the naphtha feedstock. The process separates hydrogen atoms from the hydrocarbon molecules and produces significant amounts of byproduct hydrogen gas.

Hydrogen is useful for fuel cells, meaning that refineries could become environments for generating electricity. Hydrogen is useful in stationary fuel cells that are evolving a market for providing local power in campus environments. Local power generation is becoming more valued as people realize that the cost of conditioning electricity for the grid is an unnecessary expense in local power environments.

Stationary fuel cells represent the base for distributed power generation worldwide. No more new coal plants, no mare extensions to the grid. Distributed power has become mainstream. Distributed generation (DG) refers to power generation at the point of consumption. The use of hydrogen and the manufacture of hydrogen in refinery environments could become significant aspect of markets.

According to Susan Eustis, the lead author of the study, "These factors have attracted manufacturers to refinery catalysts, as these help extract relatively more diesel and gasoline from the same amount of crude oil. The refinery catalyst market is thus boosted by the fact that the efficient use of catalysts can help the manufacturers' better address the increasing energy demand. Hydroprocessing faces significant challenges as crude feeds get heavier; there will be more sulphur and nitrogen to extract; more aromatics to saturate; more metals to remove; and more coke to deal with. Refiners have ageing facilities, which may not be designed and optimized to meet new challenges."

Generating power on-site, rather than centrally, eliminates the cost, complexity, interdependencies, and inefficiencies associated with transmission and distribution. Like distributed computing (i.e. the PC) and distributed telephony (i.e. the mobile phone), distributed power generation shifts control to the consumer.

As more capital investment is needed, costs for refining fossil fuels will rise, stimulating markets for renewable energy, making them more competitive with fossil fuels.

Refinery catalyst markets at $3.3 billion in 2011 are anticipated to reach $4.3 billion in 2018. Market growth comes in large part from demand for cleaner diesel fuel and the availability of newer technology and nanotechnology. Hydrotreating catalysts will continue to achieve the best growth in the petroleum refining market, aided by the increasingly sour nature of the crude petroleum supplied to the market. Efforts by Brazil, China, India and Russia to improve their air quality by the introduction of low-sulfur fuels are ongoing. Hydrocracking and fluid catalytic cracking (FCC) catalysts achieve advances, particularly in Asia as the growing motor vehicle fleet stimulates new gasoline and diesel fuel demand.

For more information, visit www.marketresearch.com/Wintergreen-Research-v739/Refinery-Catalyst-Shares-Strategies-Forecasts-6858844/

####

About MarketResearch.com
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance.

For more information, please click here

Contacts:
Veronica Franco
MarketResearch.com
240.747.3016

Copyright © Marketwire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Chemistry

Quantum calculations broaden the understanding of crystal catalysts: Quantum mechanics and a supercomputer help scientists to identify the position of atoms on the surface of rutile June 22nd, 2016

Droplets finally all the same size -- in a nanodroplet library June 20th, 2016

Nano 'hall of mirrors' causes molecules to mix with light June 14th, 2016

Weird, water-oozing material could help quench thirst: Nanorods' behavior first theorized 20 years ago, but not seen until now June 13th, 2016

Possible Futures

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Announcements

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

Coexistence of superconductivity and charge density waves observed June 23rd, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Energy

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

FEI and University of Liverpool Announce QEMSCAN Research Initiative: University of Liverpool will utilize FEIís QEMSCAN technology to gain a better insight into oil and gas reserves & potentially change the approach to evaluating them June 22nd, 2016

Titan shines light on high-temperature superconductor pathway: Simulation demonstrates how superconductivity arises in cuprates' pseudogap phase June 22nd, 2016

New generation of high-efficiency solar thermal absorbers developed June 20th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic