NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The hydrodesulfurization catalysts market size is expected to increase by USD 629.25 million from 2021 to 2026, registering a CAGR of 4.14%, according to the latest research report from Technavio. 42% of the market's growth will originate from APAC. China is the key market for hydrodesulfurization catalysts in the region. The increasing demand for high gasoline octane will facilitate the hydrodesulfurization catalysts market growth in APAC over the forecast period.
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The hydrodesulfurization catalysts market covers the following areas:
- Hydrodesulfurization Catalysts Market Sizing
- Hydrodesulfurization Catalysts Market Forecast
- Hydrodesulfurization Catalysts Market Analysis
The hydrodesulfurization catalysts market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The advancements in internal combustion engines are notably driving the hydrodesulfurization catalysts market growth. However, the factors such as the high cost of technology may impede the market growth.
Technavio analyzes the hydrodesulfurization catalysts market by segmentation by feedstock (diesel oil, naphtha, and others) and geography (North America, APAC, Europe, South America, and MEA). The hydrodesulfurization catalysts market share growth by the diesel segment has been significant for revenue generation. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The hydrodesulfurization catalysts market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Albemarle Corp.
- BASF SE
- China Petroleum and Chemical Corp.
- Clariant International Ltd.
- Dorf Ketal Chemicals (I) Pvt. Ltd.
- Haldor Topsoe AS
- IFP Energies nouvelles
- JGC Holdings Corp.
- Johnson Matthey Plc
- W. R. Grace and Co.
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Hydrodesulfurization Catalysts Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.14%
Market growth 2022-2026
USD 629.25 million
YoY growth (%)
North America, APAC, Europe, South America, and MEA
Performing market contribution
APAC at 42%
Key consumer countries
US, China, Germany, Canada, and Italy
Leading companies, competitive strategies, consumer engagement scope
Albemarle Corp., BASF SE, China Petroleum and Chemical Corp., Clariant International Ltd., Dorf Ketal Chemicals (I) Pvt. Ltd., Haldor Topsoe AS, IFP Energies nouvelles, JGC Holdings Corp., Johnson Matthey Plc, and W. R. Grace and Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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