Hydrodesulfurization is basically a chemical process which is utilized to remove sulfur and sulfur compounds from refined petroleum end products, such as petrol, diesel, fuel oils and jet fuel. Hydrodesulfurization is also known as hydrotreating and is a chemical process which requires the presence of a catalyst. The main aim of this process is to reduce the amount of sulfur in the petroleum by increasing the amount of hydrogen in the product. This is done for a variety of reasons, such as decreasing the environment impact when these petroleum products are used, and to keep the reforming units that process the petroleum from being poisoned. Also, the hydrodesulfurization catalyst used for the process most commonly consists of a base that is impregnated with metals, like molybdenum and cobalt.
Global Hydrodesulfurization Catalysts Market: Key Players
The research study includes profiles of leading companies operating in the global hydrodesulfurization catalysts market. Key players profiled in the report include: Advanced Refining Technologies, Albemarle Corp, Criterion, Honeywell UOP, Haldor Topsoe A/S, Axens S.A, Johnson Matthey PLC, JGC CC, Sinopec, CNPC, others.
Drivers for the Global Hydrodesulfurization Catalysts Market:
According to current market condition, the growing demand for the application of cleaner and low sulfur fuels is driving the growth of the hydrodesulfurization catalysts market. Besides this, the demand for ultra-low sulfur main fuels, heating oils, and jet fuels have also favored the growth of the market. Above mention factors are driving the growth of hydrodesulfurization catalysts market.
Opportunities for the Global Hydrodesulfurization Catalysts Market:
Catalytic hydrodesulfurization in oil refining is carried out with a purpose to eliminate most of the contaminants from liquid oil fractions, including metals, sulfur, oxygen, and nitrogen. Therefore, advancements in internal combustion engines in automobiles, coupled with increasing regulations concerning environmental pollution, are expected to drive the demand for hydrodesulfurization catalysts in the near future. These are the factors which create ample opportunity for the hydrodesulfurization catalysts market during forecasted period.
Restrains for the Global Hydrodesulfurization Catalysts Market:
There are some restraints which are responsible for the hampering the growth of the hydrodesulfurization catalysts market. The plunge in demand for oil as well as tumbling oil prices and investments has obstructed the growth of the hydrodesulfurization catalysts market.
Region Wise, Global Hydrodesulfurization Catalysts Market Analysis:
On the basis of region, global hydrodesulfurization catalysts market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Geographically, North America emerged as the largest regional market for hydrodesulfurization catalysts. The market in North America is driven by rising concerns about the harmful effects of sulfur dioxide on human health and the environment, along with the implications of regulations and norms that restrict the sulfur content in automotive fuels, such as diesel, natural gas, gasoline, and other distillates. North America region is followed by Asia pacific and Europe.
Covid-19: Impact and Recovery Analysis for Global Hydrodesulfurization Catalysts Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: hydrodesulfurization catalysts market globally. Most of the industries and businesses like: hydrodesulfurization catalysts market is shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. With the unprecedented outbreak of covid-19, which has led to the closure of factories and manufacturing sites, there has been a significant decline in demand for oil, first such instance in a decade. Global fuel demand is expected to drop by 15-10% in 2020 Q2 due to a halt in air travel and national lockdowns. A number of plants have been shut down and some are running at reduced rates, which may thus impact the hydrodesulfurization catalyst demand, especially in the U.S., China, Italy, France, Germany, the U.K., and India, which are some of the worst-hit economies.
Global Hydrodesulfurization Catalysts Market: Product analysis
- Load Type
- Non-Load Type
Global Hydrodesulfurization Catalysts Market: Application analysis
- Diesel Hydrotreat
Global Hydrodesulfurization Catalysts Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East