Europe Refining Catalysts Market Segmented by Type, Ingredients and Geography Trends and Forecasts (2015-2020)
The Europe Refining Catalysts market is expected to grow at a CAGR of 3% during the forecast period to reach $1.25 billion by 2019. The market is currently undergoing a period of significant change as demand in the more established refining markets of Europe and North America is fairly stagnant. As a result, European refiners have been reducing capacity in the recent years. The region has lost over a million barrels a day of refining capacity over the last two years. European refineries will continue to reduce their production; however, at a rate comparitively lesser than what it was 2 years ago. It has been estimated that the market will balance within the next five years. Refinery catalyst market will be affected by more stringent regulations introduced throughout the world concerning vehicle emissions, particularly on the level of sulfur in gasoline and diesel. Many refiners will be forced to increase their investments in hydroprocessing catalysts in order to meet these severe regulations. There will also be a mounting shift from the production of light, sweet crude oil to heavier, higher sulfur content (sour) crude oil, and this will require larger quantities and higher-specification petroleum catalysts. W.R. Grace and Company, Johnson Matthey, Albemarle Corporation, BASF SE, Haldor Topsøe, and UOP LLC are some of the major manufacturers of refinery catalysts. SPECIALITIES OF THIS REPORT 1) The report will be useful in gaining an exhaustive understanding of the regional market. It will also be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade. 2) The report will be an ideal source material for industry consultants, manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered. 3) The report contains wide range of information about the leading market players and the major strategies adopted by them. WHAT THE REPORT OFFERS 1) Market Definition along with identification of key drivers and restraints for the market. 2) Market analysis with region specific assessments and competition analysis on a global and regional scale. 3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale. 4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares. 5) Identification and analysis of the Macro and Micro factors that affect the industry on both global and regional scale. 6) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.