Global refining catalyst market will grow at 2%

Analysts said recently that the global demand for refining catalysts will begin to rebound as the world begins to ebb out of the recession. However, as energy prices remain weak, the rebound in refining catalyst demand will be moderated between 2010 and 2013. By 2013, the global refining catalyst market share will reach US$3.13 billion, with an average annual growth rate of approximately 2%. The share of hydrorefining catalysts will reach US$1.066 billion with an average annual increase of 2.36%; the share of catalytic cracking catalysts will reach US$907 million with an average annual increase of 0.71%; hydrocracking The catalyst share reached 251 million US dollars, an average annual increase of 6.22%; the share of naphtha reforming catalyst was 149 million US dollars, an average annual increase of 1%.

In 2013, the global crude oil distillation capacity will increase from 87.2 million barrels/day in 2009 to 90.8 million barrels/day, with an average annual growth rate of 1.03%; the hydrofining capacity will increase from 45 million barrels/day to 49.24 million barrels/day. Catalytic cracking capacity will increase from 14.6 million barrels/day to 14.99 million barrels/day; hydrocracking capacity will increase from 5.4 million barrels/day to 6.73 million barrels/day; naphtha reforming capacity will rise from 11.5 million barrels/day / Day increased to 119.9 million barrels / day. This means that the global refining capacity will increase by 162 million barrels per day, with an average annual growth rate of 2.12%.

The refiners will continue to upgrade the plant to meet the market demand for clean oil products, which is supporting the demand for hydrofining and hydrocracking catalysts.