Hydrogenation Catalyst, Global Market Size Forecast, Top 10 Players Rank and Market Share (Internet Services - Other Internet Services)
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Hydrogenation Catalyst, Global Market Size Forecast, Top 10 Players Rank and Market Share | |
Hydrogenation catalyst is a type of catalyst that is to treat with hydrogen – is a chemical reaction between molecular hydrogen (H2) and another compound or element, usually in the presence of a catalyst such as nickel, palladium or platinum. The process is commonly employed to reduce or saturate organic compounds. Hydrogenation typically constitutes the addition of pairs of hydrogen atoms to a molecule, often an alkene. Catalysts are required for the reaction to be usable; non-catalytic hydrogenation takes place only at very high temperatures. Hydrogenation reduces double and triple bonds in hydrocarbons. According to the new market research report “Global Hydrogenation Catalyst Market Report 2024-2030”, published by QYResearch, the global Hydrogenation Catalyst market size is projected to reach USD 4.92 billion by 2030, at a CAGR of 3.6% during the forecast period. According to QYResearch Top Players Research Center, the global key manufacturers of Hydrogenation Catalyst include Advanced Refining Technologies (ART), Clariant, Shell Catalysts & Technologies, Albemarle , Johnson Matthey, BASF, Sinopec, Haldor Topsoe, Evonik, Axens, etc. In 2023, the global top 10 players had a share approximately 66.0% in terms of revenue. Market Drivers: Refining and Petrochemicals - The golden age of refining which peaked in the first decade of this century is over. Now oil refining has become a far more complex operation. Since refineries supply most petrochemical feedstocks, their current plight, particularly in Europe, has a major impact on the petrochemical business as well. However the changes in refining and petrochemical feedstocks are giving new opportunities to producers of catalysts, additives and other process chemicals required by the two sectors. In particular they are providing openings for developers of new technologies which enable refineries and petrochemical plant operators to be more flexible and cost effective in responding to the needs of the market. The major beneficiaries of the new trends are the developers and manufacturers of catalysts which are crucial to the efficiency of most refining and petrochemical production processes. Growing concerns about climate change and the need to reduce greenhouse gas emissions have led to the development of renewable fuels and other alternative energy sources. While these alternative sources are gaining popularity, fossil fuels will continue to be a significant source of energy for the foreseeable future. HPC is essential in producing clean fuels from fossil fuels, which can help reduce greenhouse gas emissions. The shale gas revolution has led to a significant increase in the production of natural gas liquids (NGLs), which are used as feedstocks for the production of fuels and other chemicals. The increased production of NGLs has led to a higher demand for HPC to process these feedstocks. The refining industry is growing rapidly in developing countries, particularly in Asia and Middle East, as these economies continue to expand. This growth is expected to drive the demand for HPC as refineries seek to increase their production capacity. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target State: All States Target City : All Cities Last Update : 01 April 2024 7:41 AM Number of Views: 39 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-05-07 (0.512 sec)