Global Catalyst Regeneration Market

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Global Catalyst Regeneration Market was valued at US$ 4.71 Bn in 2017, and is estimated to reach US$ 7.92 Bn by 2026 growing at a CAGR of 6.71 % during forecast.
Global Catalyst Regeneration Market
Strict environmental regulations, high cost of new catalyst and rise in refinery capacity are factors driving the catalyst regeneration market. Patented technologies, rise in emissions during process, inability to regenerate catalysts infected by some elements restrains the market growth. Development of cost effective regeneration technologies and increasing awareness about catalyst regeneration. Additionally, handling refiners have been experiencing pressure from environmental authorities.

Petroleum refining is major end use industry in catalyst regeneration market. Rapid growth in the refining capacity to meet the rising demand for low sulfur fuels. In petroleum refining, catalyst regeneration reduces cost associated with fresh hydro processing catalyst but also help in limiting their chemical waste generated in the production site. Refiners are constantly looking for multiple applications of catalyst. Chemical synthesis is a second largest segment of catalyst regeneration market.

Posted on : 09/04/2019, #, Edit

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