The Value of Heavy Oil Cracking Catalyst Market Estimated to Soar Higher During 2019-2027

13 day(s) ago

Heavy Oil Cracking Catalyst Market: Overview
Cracking catalysts such as alumina, silica, and zeolites are used in the petroleum refining process to refine heavy fuel oils into lighter, smaller, and simpler short-chain molecules of fuel
These cracking catalysts are used for cracking the residue; improving the gasoline yield; reducing the olefin content; and providing hydrothermal stability, resistance to heavy metal pollution, mechanical strength, and high heavy oil cracking ability
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Zeolite Catalysts to Gain Traction in Heavy Oil Cracking Catalyst Market
In terms of type, the global heavy oil cracking catalyst market can be segmented into alumina, silica, zeolites, and others. The zeolites segment is estimated to hold a major share of the global market in the near future.
Zeolite catalysts are widely used for light naphtha isomerization, olefin alkylation, reforming, cracking, and hydrocracking
Global demand for heavy oil cracking catalysts is anticipated to increase during the forecast period, owing to high usage of zeolites as catalysts in the refining & petrochemistry sector
Unique surface chemistry and low cost of mineral molecular sieve zeolites are factors projected to create scope for processing of highly contaminated heavy oils such as bitumen in the near future
Demand for zeolite catalysts in the refining of heavy oils is expected to increase in the next few years, due to the crystalline morphology of these catalysts that promotes high exterior surface area and low cost disposal. Thus, zeolite catalysts are highly preferred over other catalysts for use in the refining of heavy oils.
Furthermore, zeolite catalysts are gaining popularity among oil and petroleum refiners, as they are highly acidic in nature and possess an excellent characteristic of removal of nitrogen bases, associated heavy metals, and sulfur. This is estimated to propel the global heavy oil cracking catalyst market during the forecast period.


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