The global demand for Diesel Deep Hydrodesulfurization Catalyst Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Hydrodesulfurization or hydrotreating is defined as a chemical process used to remove sulfur from refined petroleum products such as gasoline, petrol, jet fuel, kerosene, fuel oils, diesel, and natural gas. The petroleum products and natural gas are used as a fuel for automotive vehicles, aircraft, ships, furnaces, and other fuel vehicles. The emission of sulfur dioxide through fuel vehicles is a major air pollutant. The sulfur from the fuels is removed by the hydrodesulfurization process, to reduce the emission of sulfur dioxide. The global diesel sulfur limit is 10-15ppm levels. A Deep hydrodesulfurization reaction is carried out to obtain ultra-low sulfur diesel (10-15ppm level). The process requires the usage of advanced processed catalyst to increase the reaction rate. Most metals act as a catalyst for the reaction. The most active catalyst for the hydrodesulfurization process is ruthenium disulfide. The other catalyst used includes a binary combination of Cobalt and Molybdenum catalyst, and nickel & tungsten.
The major driving factors for the global diesel deep hydrodesulfurization catalyst market include the stringent regulatory and pollution control norms for petroleum fuels, the increasing environmental concern, rising demand for refined petroleum products, and growing awareness about the hazardous effects caused by the sulfur dioxide emission. The COVID-19 pandemic is likely to hamper the growth of the market owing to the reduced oil & gas exploration activities, and recession in the automotive sector.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of diesel deep hydrodesulfurization catalyst.
The entire diesel deep hydrodesulfurization catalyst market has been sub-categorized into type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
This section covers regional segmentation which accentuates on current and future demand for diesel deep hydrodesulfurization catalyst market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Diesel Deep Hydrodesulfurization Catalyst Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the diesel deep hydrodesulfurization catalyst market include Albemarle Corporation, Advanced Refining Technologies, Sinopec Corp., Haldor Topsoe A/S, Royal Dutch Shell PLC, PetroChina Company Limited (CNPC), Axens SA, JGC C&C, Honeywell International Inc., Johnson Matthey Plc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.