Global Refinery Catalysts Market: Leading Players to Focus on Innovation and Technological Advancements, Says TMR
The global refinery catalysts market is highly organized and extremely consolidated, states a new research study by Transparency Market Research (TMR). The leading players, such as Sinopec Corp., ExxonMobil Corp., Royal Dutch Shell Plc., and Chevron Corp., have a wide presence across a number of regional markets, thanks to their vast product portfolios, catering to a varied range of consumers. Over the forthcoming years, these companies are likely to shift their focus towards innovating new products and technological advancements in their current offerings in order to strengthen their position in the global market, notes the research study. As per the estimations of the research report, the global market for refinery catalysts presented an opportunity worth US$11.4 bn in 2015. Expanding at a CAGR of 4.60% during the period from 2016 to 2024, this market is expected to reach US$17.0 bn by the end of the forecast period. Zeolites have surfaced as the most valued material in this ...