Regulations and a Rise in the Use of Heavier Crude Create Demand in the North American Refinery and Polymerization Catalysts Markets

Business Wire, Oct 10, 2007

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c70924) has announced the addition of Frost & Sullivan's new report: North American Refinery and Polymerization Catalysts Markets to their offering.

This Frost & Sullivan research titled North American Refinery and Polymerization Catalysts Markets provides a detailed analysis of the markets in terms of forecasts by application types. This study reviews the principal drivers, restraints as well as challenges and analyzes the pricing, market, and technology trends for refinery and polymerization catalysts. In this research, Frost & Sullivan's expert analysts thoroughly examine the following catalysts: fluidized catalytic cracking (FCC), reforming, hydrotreating, hydrocracking, isomerization, alkylation, and other refinery as well as polyolefins, polyurethanes, initiators, and other polymerization catalysts.

Stringent Regulations and Rise in the Use of Heavier Crude Create Demand in the North American Refinery and Polymerization Catalysts Markets

With most chemical processes using catalysts, they are clearly at the heart of the chemical, oil processing, and petrochemical industries. In North America, regulations on fuels and emissions are providing momentum in the refinery and polymerization catalysts markets. The key question that arises now is whether the growth rates are likely to be sustained.

"In recent years, the North American refinery and polymerization catalysts markets have experienced high growth due to stringent regulations," notes the analyst of this research service. "For instance, regulations on sulfur limit in fuels imply that more refinery catalysts need to be used while processing sour crude and similarly in the polymerization catalyst market, there is an increased use of catalysts that help polymers meet regulatory standards."

Need of the Hour: Overcoming the Technology Challenge

With new regulations coming into place and sour crude increasingly entering into North America, the market is set to benefit significantly. At the same time, this throws forth the key challenge of providing more efficient catalysts. Thus, catalyst suppliers will need to offer efficient catalysts and also achieve low cost positions in some of the commodity segments.

"Improving the catalyst technology is a major challenge for catalyst suppliers," explains the analyst. "In a scenario of increased regulation and change in the nature of crude, buyers expect catalysts to perform with improved efficiency and longer run times." In this context, ramping up efforts related to R&D will prove beneficial.

For more information visit http://www.researchandmarkets.com/reports/c70924.>

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