Business

Residue Hydro Desulfurization Catalyst Market : Globally Continue to Dominate the Market During the Forecast Period 2018-2026

Residue hydro desulfurization is a procedure to remove sulfur, nitrogen, and other contamination from natural gas and refined petroleum products including fuel oil, diesel fuel, and others. As sulfur dioxide (SO2) is responsible for increasing pollution in the environment, the process reduce SO2 emissions from fuels. These fuels are majorly used in vehicles, aircraft ships, gas & oil burning power plants, fuel combustion, railroad locomotives, residential & industrial furnaces.

Furthermore, catalyst are used to demonstrate high desulfurization performance for light gas oil, kerosene and other which have high nitrogen concentration. Such oils are difficult to desulfurize including vacuum gas oil, FCC light cycle oil (LCO).

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Market Dynamics

Implementation of stringent norms to reduce harmful emission from vehicle is paving the way for advanced emission control technologies in vehicles and engines, which is boosting demand for clean fuels such as ultra-low sulfur gasoline (ULSG) and ultra-low diesel fuel (ULSD). 

Furthermore, rising exposure of harmful air particulates such as sulfur oxide, nitrogen oxide, and others are propelling the residue hydro desulfurization catalyst market. Such exposure might cause serious health implications and lead to deaths, across the globe. This residue hydro desulfurization process lowers down the content of sulfur and nitrogen oxide, which would reduce fuel emission from engines and vehicles. 

Regional Outlook

North America is expected to achieve significant growth in the market during the forecast period, owing to the stringent standards on gasoline volatility, benzene content, and diesel fuel aromatics content, which limits the exposure of harmful emission via residue hydro desulfurization catalyst. For instance, in 2016, the U.S. implemented diesel and gasoline sulfur standards of 30 ppm (average) and 10 ppm (cap), respectively.

Asia Pacific is expected to sustain lucrative growth rate in the residue hydro desulfurization market during the forecast period. This is attributed to rising pollution related deaths in the region. The residue hydro desulfurization catalyst process reduces the amount of sulfur content in the petroleum products, which in turn would reduce the harmful emissions. According to the Our World in Data, South Asia, Southeast Asia, and East Asia witnessed about 3 million deaths due to exposer to harmful emissions in 2016.

Key Players in the Residue Hydro Desulfurization Catalyst Market

Key players operating in the market include CRI Catalyst Leuna GmbH, Redkino Catalyst Company, Albemarle Corp, Honeywell UOP, Johnson Matthey PLC, Haldor Topsoe A/S, Clariant AG, Chevron Phillips Chemical Company, W.R. Grace & Co, Axens S.A., and others.

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