Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Hydroprocessing Catalysts (HPC) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 3.4% during the review period (2022 to 2027).
Hydrogenation catalyst is a type of catalyst that is to treat with hydrogen is a chemical reaction between molecular hydrogen (H2) and another compound or element, usually in the presence of a catalyst such as nickel, palladium or platinum. The process is commonly employed to reduce or saturate organic compounds. Hydrogenation typically constitutes the addition of pairs of hydrogen atoms to a molecule, often an alkene. Catalysts are required for the reaction to be usable; non-catalytic hydrogenation takes place only at very high temperatures. Hydrogenation reduces double and triple bonds in hydrocarbons.
Hydrogenation catalyst is a high technical barrier market with limited suppliers. Market concentration is high. The top 3 players Clariant, Johnson Matthey and Advanced Refining Technologies (ART) takes a combined global market share of 41%. Other suppliers like Shell Catalysts & Technologies, Albemarle, Haldor Topsoe, UOP (Honeywell) and Sinopec takes a smaller share in the market.
Top Key players in the Hydroprocessing Catalysts (HPC) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Hydroprocessing Catalysts (HPC) Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Advanced Refining Technologies (ART), Albemarle, Criterion, Haldor Topsoe, UOP (Honeywell), Axens, Johnson Matthey, Sinopec, CNPC
ALBEMARLE CORPORATION ANNOUNCES REDEMPTION OF ALL OUTSTANDING 4.150% SENIOR NOTES DUE 2024
May 13, 2022
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced that it intends to redeem all its outstanding 4.150% Senior Notes due 2024 (CUSIP No. 012725 AC1, ISIN No. US012725AC13) (the "Notes") on June 12, 2022 (the "Redemption Date").
Hydroprocessing Catalysts (HPC) Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
The North American region is projected to lead the global hydroprocessing catalysts (HPC) market during the forecast period, owing to the increased usage of HPCs in various applications including oil refining and petrochemical manufacturing. Various driving factors like rising demand for gasoline and diesel because of growing automobile industry in the region is anticipated to drive the growth of the hydroprocessing catalysts market across the globe.
All these factors greatly affect the Hydroprocessing Catalysts (HPC) market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Hydroprocessing Catalysts (HPC) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Hydroprocessing Catalysts (HPC) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
| Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) | CAGR of 3.4% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | Advanced Refining Technologies (ART), Albemarle, Criterion, Haldor Topsoe, UOP (Honeywell), Axens, Johnson Matthey, Sinopec, CNPC |
Regions Covered |
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Hydroprocessing Catalysts (HPC) Market is studied from 2017 - 2027.
What is the growth rate of Hydroprocessing Catalysts (HPC) Market?
The Hydroprocessing Catalysts (HPC) Market is growing at a CAGR of 3.4% over the next 5 years.
Who are the key players in Hydroprocessing Catalysts (HPC) Market?
Advanced Refining Technologies (ART), Albemarle, Criterion, Haldor Topsoe, UOP (Honeywell), Axens, Johnson Matthey, Sinopec, CNPC
What region does this Hydroprocessing Catalysts (HPC) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Hydroprocessing Catalysts (HPC) Market?
Diesel Hydrotreat, Lube Oils, Naphtha, Residue Upgrading, Others
What are the major end-use applications of Hydroprocessing Catalysts (HPC) Market?
Hydrotreating, Hydrocracking, Others.
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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