Hydrodesulfurization Catalysts Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Hydrodesulfurization Catalysts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global hydrodesulfurization catalysts market grew at a CAGR of around 4% during 2015-2020. Hydrodesulfurization (HDS) is a chemical process used to remove saturated sulfur from raw petroleum products, such as crude oil or natural gas. It also assists in making these products more efficient and reducing combustion byproducts. It relies on factors such as the promoter, support type, active component, organic-inorganic additive and their content, pH of the impregnation solution, metal-support interaction and slab length-stack number.

HDS catalysts reduce sulfur dioxide (SO₂) emissions from refined gasoline, petrol, diesel and fuel oils. This, in confluence with stringent regulations imposed by governing agencies of numerous countries on fuel emission of ships, aircraft, automobiles and railroad locomotives, represents one of the significant factors propelling the growth of the market. It is also supported by the escalating demand for public transportation and the increasing sales of automobiles around the world. Apart from this, HDS catalysts are gaining popularity in oil-burning power plants and residential and industrial furnaces for capturing hydrogen sulfide gas. Furthermore, HDS catalysts find extensive application in fluid catalytic cracking (FCC) pretreatment and kerosene hydrotreating processes. This, in turn, is promoting their utilization in the food and beverage (F&B) industry worldwide. Besides this, the advent of nanotechnology is creating opportunities for intensive research and development (R&D) activities and the introduction of sustainable and high-performance HDS catalysts. Additionally, advancements in internal combustion engines (ICEs) and the increasing environmental concerns are other factors anticipated to fuel the growth of the market in the coming years. Looking forward, IMARC Group expects the global hydrodesulfurization catalysts market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrodesulfurization catalysts market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and application.

Breakup by Type:

Metal
Oxides
Sulfides
Others

Breakup by Application:

Diesel
Naphtha
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Refining Technologies LLC, Albemarle Corporation, Axens, China National Petroleum Corporation, China Petroleum & Chemical Corporation (China Petrochemical Corporation), Haldor Topsoe A/S, Honeywell International Inc., JGC C&C, Johnson Matthey Plc and Royal Dutch Shell PLC.

Key Questions Answered in This Report:

How has the global hydrodesulfurization catalysts market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global hydrodesulfurization catalysts market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global hydrodesulfurization catalysts market and who are the key players?
What is the degree of competition in the industry?