Global Hydrodesulfurization Catalyst Market Growth 2023-2029

Global Hydrodesulfurization Catalyst Market Growth 2023-2029

This report studies the Hydrodesulfurization Catalyst market, Hydrotreating, formally known as hydrodesulfurization (HDS), is a chemical process used on natural gas and refined petroleum. The aim of this process is to decrease 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. Most of the sulfur produced annually comes from this process.

In hydrotreating, hydrogen is introduced into a mixture to increase the overall hydrogen count. Petroleum undergoes what is specifically called hydrogenolysis. This is when the carbon and sulfur bond contained within petroleum is split, and a hydrogen atom is linked to both the carbon and the sulfur atom. Through this process, the sulfur can be removed from the petroleum until it reaches an acceptable level.

After hydrotreating, the remaining sulfur is reduced to either sulfuric acid or byproduct sulfur, which is similar to its natural elemental state. Most of the sulfur made and purchased comes from this process, because there is a large supply of sulfur leftover from the petroleum refineries after hydrotreating is finished. Aside from making the petroleum refinery more money, this means less sulfur has to be mined to adequately supply the market. Sulfur is the primary element removed from the fuel with hydrotreating, but there are other elements removed as well that are thought of as unwanted in petroleum. Both unsaturated hydrocarbons and nitrogen are taken out of the petroleum supply. This further purifies the fuel and improves its value.

LPI (LP Information)' newest research report, the “Hydrodesulfurization Catalyst Industry Forecast” looks at past sales and reviews total world Hydrodesulfurization Catalyst sales in 2022, providing a comprehensive analysis by region and market sector of projected Hydrodesulfurization Catalyst sales for 2023 through 2029. With Hydrodesulfurization Catalyst sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrodesulfurization Catalyst industry.

This Insight Report provides a comprehensive analysis of the global Hydrodesulfurization Catalyst landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrodesulfurization Catalyst portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hydrodesulfurization Catalyst market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrodesulfurization Catalyst and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrodesulfurization Catalyst.

The global Hydrodesulfurization Catalyst market size is projected to grow from US$ 1051.1 million in 2022 to US$ 1162.8 million in 2029; it is expected to grow at a CAGR of 1162.8 from 2023 to 2029.

The global Hydrodesulfurization Catalyst market is dominated by Advanced Refractory Technologies (ART), Albemarle Corp, Criterion, Honeywell UOP and Haldor Topsoe A/S, with the top six players accounting for about 80% of the market share.

The United States is the largest market for hydrodesulfurization catalysts, with a market share of about 40%, followed by China and Europe, each with about 20%.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydrodesulfurization Catalyst market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Load Type
Non-Load Type

Segmentation by application
Diesel Hydrotreat
Naphtha
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Advanced Refining Technologies (ART)
Albemarle Corp
Criterion
Honeywell UOP
Haldor Topsoe A/S
Axens S.A
Johnson Matthey PLC
JGC C&C
Sinopec
CNPC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hydrodesulfurization Catalyst market?

What factors are driving Hydrodesulfurization Catalyst market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hydrodesulfurization Catalyst market opportunities vary by end market size?

How does Hydrodesulfurization Catalyst break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.