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Hydrodesulfurization Catalyst Market

Hydrodesulfurization Catalyst Market by Type (Cobalt-Molybdenum, Nickel-Based, and Others) and Application (Natural Gas, Naphtha, Diesel Oil, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11346
Pages: 239
May 2021 | 1755 Views
   
Author(s) : Chidanand Bilagi, Nikhil Mittal , Eswara Prasad
Tables: 160
Charts: 59
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Hydrodesulfurization Catalyst Market Outlook - 2021–2028

The global hydrodesulfurization catalyst market forecast was valued at $2.64 billion in 2020, and is projected to reach $3.66 billion by 2028, growing at a CAGR of 4.30% from 2021 to 2028.

Hydrodesulfurization is a chemical process that involves removal of sulfur compounds from petroleum products such as gasoline, jet fuel, fuel oils, and petrol. Catalysts that are used during hydrodesulfurization process are collectively termed as hydrodesulfurization catalysts. Gasoline, jet fuel, fuel oils, and petrol catalysts are used in automotive vehicles, aircraft, locomotives, ships, oil power plants, residential, and industrial furnaces. Use of hydrodesulfurization catalysts aid in removal of sulfur content, which reduces sulfur dioxide emissions. Platinum and rhenium are widely used noble catalysts in catalytic reforming units to upgrade naphtha streams. However, presence of low concentration of sulfur in naphtha stream leads to poisoning of these noble catalysts. Thus, hydrodesulfurization catalysts are widely adopted to overcome degradation and poisoning of noble catalysts by removing sulfur content from naphtha stream. 

Global-Hydrodesulfurization-Catalyst-Market

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The global energy need is increasing day by day. Crude oil being one of the most important energy producers is contributing around 70% of the total global energy needs. Refineries across the globe are maximizing their refining capacities to meet growing need of population. Countries such as China and India are witnessing increase in refining capacities, owing to rise in demand among transportation, infrastructure, and other sectors. According to a report published by the organization of petroleum exporting countries (OPEC), there will be increase in desulfurization catalysts among refining units worldwide in the future. For instance, Axens SA and Numaligarh Refinery Limited (NRL) signed an agreement on February 16, 2021 for addition of hydrodesulfurization catalysts to increase its oil refining capacity from 3MMTPA to 9MMTPA (million metric tons per annum). In addition, environmental regulations are predicted to escalate demand for global hydrodesulfurization catalyst in the forecast period. These are the major hydrodesulfurization catalyst market growth factors in the forecast period. However, prices of crude oil are controlled by oil traders, current oil supply, and future supply & demand. These factors make crude oil a highly volatile commodity. Moreover, natural and man-made disasters have great influence on price fluctuations of oil. For instance, owing to the wake of the COVID-19 pandemic, factories and manufacturing sites went on a complete shutdown that has declined the global oil demand. In addition, many plants were closed or either are running at reduced rates, which may affect demand for hydrodesulfurization catalysts.

On the contrary, the market for Middle East and other oil-producing economies requires crude oil and its distillates with low sulfur content. Significant characteristics of nanomaterials such as enlarged surface area, ideal adsorption, improved mixing, high activity, and easy separation make it a perfect choice for hydrodesulfurization catalysis process. In addition, use of nanomaterials enhances reaction rates and thus, improves fuel efficiency by effectively lowering sulfur content. This factor is anticipated to offer remunerative opportunities for expansion of the global hydrodesulfurization catalyst market.

The global hydrodesulfurization catalyst market analysis is done on the basis of type, application, and region. Depending on type, the hydrodesulfurization catalyst market is segregated into cobalt-molybdenum, nickel-based, and others. By application, it is segmented into natural gas, naphtha, diesel oil, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific garners largest share in the global hydrodesulfurization catalyst market, followed by North America and Europe. Major companies profiled in this report include Advanced Refining Technologies LLC, Albemarle Corporation, Axens SA, BASF SE, China Petroleum and Chemical Corporation (Sinopec), Clariant AG, Dorf Ketal Specialty Catalysts LLC, Haldor Topsoe, JGC Catalysts & Chemicals Ltd., and Johnson Matthey PLC.

Hydrodesulfurization Catalyst Market, by region

The Asia-Pacific hydrodesulfurization catalyst market size is projected to grow at the highest CAGR of 5.20% during the forecast period and accounted for 32.67% of hydrodesulfurization catalyst market share in 2020. Hydrodesulfurization catalysts are used in a wide variety of applications such as sulfur absorption, promoter, biofuel blending, fluid catalytic cracking (FCC), and hydrotreating. Utilization of hydrodesulfurization catalysts in sectors such as transportation, biofuel production, refinery expansion, and emission control is the major growth factor for this region.

Hydrodesulfurization Catalyst Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit highest CAGR of 5.20% during 2021-2028.

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Hydrodesulfurization Catalyst Market, by type

In 2020, the cobalt-molybdenum segment was the largest revenue generator segment, and is anticipated to grow at a CAGR of 4.5% during the forecast period. Cobalt & molybdenum-based hydrodesulfurization catalysts are recognized as excellent catalysts used for sulfur removal from natural gas, naphtha, and diesel. It possesses various significant properties such as high activity, high octane occupancy, pretreatment, and fuel impregnation. However, the nickel-based catalyst segment is predicted to grow with a CAGR of 4.1%, owing to its significant characteristic properties such as high activity, improved hydrorefining, thermal stability, and increased pore space, making it suitable for removal of nearly 98% sulfur content from crude oil & its distillates.

Hydrodesulfurization Catalyst Market
By Type

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Cobalt Molybdenum hydrodesulfurization catalyst type is the most lucrative segment

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Hydrodesulfurization Catalyst Market, by application

In 2020, the diesel oil segment was the largest revenue-generating segment, and is anticipated to grow at a CAGR of 4.0% during the forecast period, while the natural gas segment is anticipated to grow at a CAGR of 5.3% during the forecast period. 

Hydrodesulfurization Catalyst Market
By Application

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Natural gas application is projected as the fastest growing segment

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Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current hydrodesulfurization catalyst market trends and future estimations from 2020 to 2028 to understand prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Hydrodesulfurization Catalyst Market

  • The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking GDP of global economies, thereby changing consumer spending patterns globally.
  • Oil & gas sector is the major consumer of hydrodesulfurization catalysts. There are several challenges put forward by COVID-19 pandemic on the oil & gas sector, owing to fluctuating crude oil prices, failed agreements on production cuts, and slowing down of refined products from industrial sectors. For instance, according to a publication by the Organization of Petroleum Exporting Countries (OPEC), there was a decline in production of crude oil by 9.7 million barrels in May 2020 in Russia.
  • International Oil Companies (IOCs), indigenous oil & gas and chemicals companies are subsequently cutting down their capital and operational expenditures, which affects production of crude oil and other products. Thus, demand of hydrodesulfurization catalysts has increased amid the COVID-19 pandemic.
  • Other major consumers of hydrodesulfurization catalysts include naphtha refining, natural gas, jet fuels, marine fuels, heating oils, and low sulfur fuel oils (LSFO). Disruption in value chain, unavailability of raw material due to travel restrictions, and temporary closure of manufacturing plants has negatively impacted naphtha refineries, jet fuel manufacturers, and heating oil manufactures.
  • Moreover, there are several refineries that have closed their bulk manufacturing plants, owing to decrease in demand for oil products. For instance, according to the International Energy Agency (IEA), there were about a dozen refinery closures in the U.S. and production has been cut down by 1bpd in the U.S. 
  • Another major consumer of hydrodesulfurization catalyst are natural gas manufacturers. Natural gas demand has also been affected amid COVID-19 pandemic, which is attributed to reduced consumption of gas and city gas distribution. For instance, according to a report by S & P global, India witnessed natural gas downfall by 40% in January 2021.  

Key market segments

By Type

  • Cobalt- Molybdenum 
  • Nickel-Based
  • Others

By Application

  • Natural Gas
  • Naphtha 
  • Diesel Oil
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key players in the global hydrodesulfurization catalyst market are:

  • Advanced Refining Technologies LLC 
  • Albemarle Corporation 
  • Axens SA 
  • BASF SE
  • China Petroleum and Chemical Corporation (Sinopec)
  • Clariant AG
  • Dorf Ketal Specialty Catalysts LLC
  • Haldor Topsoe
  • JGC Catalysts & Chemicals Ltd.
  • Johnson Matthey PLC
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.3.Porter’s five forces analysis

3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Rising environmental regulations
3.4.1.2.Rise in industrial activities

3.4.2.Restraint

3.4.2.1.Volatility in crude oil price

3.4.3.Opportunity

3.4.3.1.Advent of nanotechnology

3.5.Value chain analysis
3.6.Impact of key regulations on the global hydrodesulfurization catalyst market
3.7.Impact of COVID-19 on the global hydrodesulfurization catalyst market
3.8.Patent analysis, 2014-2021

CHAPTER 4:GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast, by type

4.2.Cobalt-Molybdenum Catalyst

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Nickel Based Catalyst

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

4.4.Others

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country

CHAPTER 5:GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Natural gas

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Naphtha

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

5.4.Diesel oil

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market share analysis, by country

CHAPTER 6:HYDRODESULFURIZATION CATALYSTS MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by application
6.2.4.Market share analysis, by country
6.2.5.U.S.

6.2.5.1.Market size and forecast, by type
6.2.5.2.Market size and forecast, by application

6.2.6.Canada

6.2.6.1.Market size and forecast, by type
6.2.6.2.Market size and forecast, by application

6.2.7.Mexico

6.2.7.1.Market size and forecast, by type
6.2.7.2.Market size and forecast, by application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type
6.3.3.Market size and forecast, by application
6.3.4.Market size and forecast, by country
6.3.5.Germany

6.3.5.1.Market size and forecast, by type
6.3.5.2.Market size and forecast, by application

6.3.6.U.K.

6.3.6.1.Market size and forecast, by type
6.3.6.2.Market size and forecast, by application

6.3.7.France

6.3.7.1.Market size and forecast, by type
6.3.7.2.Market size and forecast, by application

6.3.8.Italy

6.3.8.1.Market size and forecast, by type
6.3.8.2.Market size and forecast, by application

6.3.9.Spain

6.3.9.1.Market size and forecast, by type
6.3.9.2.Market size and forecast, by application

6.3.10.Rest of Europe

6.3.10.1.Market size and forecast, by type
6.3.10.2.Market size and forecast, by application

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type
6.4.3.Market size and forecast, by application
6.4.4.Market size and forecast, by country
6.4.5.China

6.4.5.1.Market size and forecast, by type
6.4.5.2.Market size and forecast, by application

6.4.6.Japan

6.4.6.1.Market size and forecast, by type
6.4.6.2.Market size and forecast, by application

6.4.7.India

6.4.7.1.Market size and forecast, by type
6.4.7.2.Market size and forecast, by application

6.4.8.South Korea

6.4.8.1.Market size and forecast, by type
6.4.8.2.Market size and forecast, by application

6.4.9.Australia

6.4.9.1.Market size and forecast, by type
6.4.9.2.Market size and forecast, by application

6.4.10.Rest of Asia-Pacific

6.4.10.1.Market size and forecast, by type
6.4.10.2.Market size and forecast, by application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type
6.5.3.Market size and forecast, by application
6.5.4.Market size and forecast, by country
6.5.5.Brazil

6.5.5.1.Market size and forecast, by type
6.5.5.2.Market size and forecast, by application

6.5.6.Saudi Arabia

6.5.6.1.Market size and forecast, by type
6.5.6.2.Market size and forecast, by application

6.5.7.South Africa

6.5.7.1.Market size and forecast, by type
6.5.7.2.Market size and forecast, by application

6.5.8.Rest of LAMEA

6.5.8.1.Market size and forecast, by type
6.5.8.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2020

7.2.Top winning strategies

7.2.1.Top winning strategies, by year
7.2.2.Top winning strategies, by development
7.2.3.Top winning strategies, by company

7.3.Product mapping of top 10 player
7.4.Competitive dashboard
7.5.Competitive heatmap
7.6.KEY DEVELOPMENTS

7.6.1.Expansions
7.6.2.Other developments

CHAPTER 8:COMPANY PROFILES

8.1.Advanced Refining Technologies LLC

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Key strategic moves and developments

8.2.Albemarle Corporation

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.Axens SA

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product Portfolio
8.3.5.Key strategic moves and developments

8.4.BASF Catalysts

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating Business Segments
8.4.4.Product portfolio

8.5.China Petroleum and Chemical Corporation (Sinopec)

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.Clariant AG

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments

8.7.Dorf Ketal Specialty Catalysts LLC

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio

8.8.Haldor Topsoe

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.6.Key strategic moves and developments

8.9.JGC Catalysts & Chemicals Ltd.

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance

8.10.Johnson Matthey PLC

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020-2028 ($ MILLION)
TABLE 02.GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020-2028 (KILOTON)
TABLE 03.HYDRODESULFURIZATION CATALYSTS MARKET FOR COBALT-MOLYBDENUM, BY REGION, 2020–2028 ($ MILLION)
TABLE 04.HYDRODESULFURIZATION CATALYSTS MARKET FOR COBALT-MOLYBDENUM, BY REGION, 2020–2028 (KILOTON)
TABLE 05.HYDRODESULFURIZATION CATALYSTS MARKET FOR NICKEL BASED, BY REGION, 2020–2028 ($ MILLION)
TABLE 06.HYDRODESULFURIZATION CATALYSTS MARKET FOR NICKEL BASED, BY REGION, 2020–2028 (KILOTON)
TABLE 07.HYDRODESULFURIZATION CATALYSTS MARKET FOR OTHERS, BY REGION, 2020–2028 ($ MILLION)
TABLE 08.HYDRODESULFURIZATION CATALYSTS MARKET FOR OTHERS, BY REGION, 2020–2028 (KILOTON)
TABLE 09.GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020-2028 ($ MILLION)
TABLE 10.GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020-2028 (KILOTON)
TABLE 11.HYDRODESULFURIZATION CATALYSTS MARKET FOR NATURAL GAS, BY REGION, 2020–2028 ($ MILLION)
TABLE 12.HYDRODESULFURIZATION CATALYSTS MARKET FOR NATURAL GAS, BY REGION, 2020–2028 (KILOTON)
TABLE 13.HYDRODESULFURIZATION CATALYSTS MARKET FOR NAPHTHA, BY REGION, 2020–2028 ($ MILLION)
TABLE 14.HYDRODESULFURIZATION CATALYSTS MARKET FOR NAPHTHA, BY REGION, 2020–2028 (KILOTON)
TABLE 15.HYDRODESULFURIZATION CATALYSTS MARKET FOR DIESEL OIL, BY REGION, 2020–2028 ($ MILLION)
TABLE 16.HYDRODESULFURIZATION CATALYSTS MARKET FOR DIESEL OIL, BY REGION, 2020–2028 (KILOTON)
TABLE 17.HYDRODESULFURIZATION CATALYSTS MARKET FOR OTHERS, BY REGION, 2020–2028 ($ MILLION)
TABLE 18.HYDRODESULFURIZATION CATALYSTS MARKET FOR OTHERS, BY REGION, 2020–2028 (KILOTON)
TABLE 19.HYDRODESULFURIZATION CATALYSTS MARKET, BY REGION, 2020–2028 ($ MILLION)
TABLE 20.HYDRODESULFURIZATION CATALYSTS MARKET, BY REGION, 2020–2028 (KILOTON)
TABLE 21.NORTH AMERICA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 22.NORTH AMERICA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 23.NORTH AMERICA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 24.NORTH AMERICA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 25.NORTH AMERICA HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 ($ MILLION)
TABLE 26.NORTH AMERICA HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 (KILOTON)
TABLE 27.U.S. HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 28.U.S. HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 29.U.S. HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 30.U.S. HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 31.CANADA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 32.CANADA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 33.CANADA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 34.CANADA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 35.MEXICO HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 36.MEXICO HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 37.MEXICO HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 38.MEXICO HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 39.EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 40.EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 41.EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 42.EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 43.EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 ($ MILLION)
TABLE 44.EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 (KILOTON)
TABLE 45.GERMANY HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 46.GERMANY HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 47.GERMANY HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 48.GERMANY HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 49.U.K. HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 50.U.K. HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 51.U.K. HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 52.U.K. HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 53.FRANCE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 54.FRANCE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 55.FRANCE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 56.FRANCE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 57.ITALY HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 58.ITALY HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 59.ITALY HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 60.ITALY HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 61.REST OF EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 62.REST OF EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 63.REST OF EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 64.REST OF EUROPE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 65.ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 66.ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 67.ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 68.ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 69.ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 ($ MILLION)
TABLE 70.ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 (KILOTON)
TABLE 71.CHINA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 72.CHINA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 73.CHINA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 74.CHINA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 75.JAPAN HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 76.JAPAN HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 77.JAPAN HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 78.JAPAN HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 79.INDIA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 80.INDIA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 81.INDIA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 82.INDIA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 83.AUSTRALIA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 84.AUSTRALIA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 85.AUSTRALIA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 86.AUSTRALIA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 87.REST OF ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 88.REST OF ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 89.REST OF ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 90.REST OF ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 91.LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 92.LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 93.LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 94.LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 95.LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 ($ MILLION)
TABLE 96.LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY COUNTRY, 2020–2028 (KILOTON)
TABLE 97.BRAZIL HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 98.BRAZIL HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 99.BRAZIL HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 100.BRAZIL HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 101.SAUDI ARABIA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 102.SAUDI ARABIA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 103.SAUDI ARABIA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 104.SAUDI ARABIA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 105.UAE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 106.UAE HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 107.UAE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 108.UAE HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 109.SOUTH AFRICA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 110.SOUTH AFRICA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 111.SOUTH AFRICA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 112.SOUTH AFRICA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 113.REST OF LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($ MILLION)
TABLE 114.REST OF LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 (KILOTON)
TABLE 115.REST OF LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
TABLE 116.REST OF LAMEA HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 (KILOTON)
TABLE 117.KEY EXPANSIONS (2018-2021)
TABLE 118.OTHER KEY DEVELOPMENTS (2018-2021)
TABLE 119.ADVANCED REFINING TECHNOLOGIES LLC: COMPANY SNAPSHOT
TABLE 120.ADVANCED REFINING TECHNOLOGIES LLC: OPERATING SEGMENTS
TABLE 121.ADVANCED REFINING TECNOLOGIES LLC: PRODUCT PORTFOLIO
TABLE 122.ADVANCED REFINING TECHNOLOGIES LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 123.ALBEMARLE CORPORATION: COMPANY SNAPSHOT
TABLE 124.ALBEMARLE CORPORATION: OPERATING SEGMENTS
TABLE 125.ALBEMARLE CORPORATION PRODUCT PORTFOLIO
TABLE 126.OVERALL FINANCIAL STATUS ($ MILLION)
TABLE 127.ALBEMARLE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128.AXENS SA:COMPANY SNAPSHOT
TABLE 129.AXENS SA: OPERATING SEGMENTS
TABLE 130.AXENS SA: PRODUCT PORTFOLIO
TABLE 131.AXENS SA:KEY STRATEGIC MOVE AND DEVELOPMENT
TABLE 132.BASF CATALYSTS: COMPANY SNAPSHOT
TABLE 133.BASF CATALYSTS: OPERATING SEGMENTS
TABLE 134.BASF CATALYSTS: PRODUCT PORTFOLIO
TABLE 135.CHINA PETROLEUM AND CHEMICAL CORPORATION (SINOPEC): COMPANY SNAPSHOT
TABLE 136.CHINA PETROLEUM AND CHEMICAL CORPORATION (SINOPEC): OPERATING SEGMENT
TABLE 137.CHINA PETROLEUM AND CHEMICAL CORPORATION (SINOPEC): PRODUCT PORTFOLIO
TABLE 138.OVERALL FINANCIAL STATUS ($ MILLION)
TABLE 139.CHINA PETROLEUM AND CHEMICAL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 140.CLARIANT AG: COMPANY SNAPSHOT
TABLE 141.CLARIANT AG: OPERATING SEGMENTS
TABLE 142.CLARIANT AG: PRODUCT PORTFOLIO
TABLE 143.OVERALL FINANCIAL STATUS ($ MILLION)
TABLE 144.CLARIANT AG: KEY STRATEGIC MOVE AND DEVELOPMENT
TABLE 145.DORF KETAL SPECIALTY CATALYSTS LLC: COMPANY SNAPSHOT
TABLE 146.DORF KETAL SPECIALTY CATALYSTS LLC: OPERATING SEGMENTS
TABLE 147.DORF KETAL SPECIALTY CATALYSTS LLC: PRODUCT PORTFOLIO
TABLE 148.HALDOR TOPSOE: COMPANY SNAPSHOT
TABLE 149.HALDOR TOPSOE: OPERATING SEGMENTS
TABLE 150.HALDOR TOPSOE: PRODUCT PORTFOLIO
TABLE 151.OVERALL FINANCIAL STATUS ($ MILLION)
TABLE 152.HALDOR TOPSOE:KEY STRATEGIC MOVE AND DEVELOPMENT
TABLE 153.JGC CATALYSTS & CHEMICALS LTD: COMPANY SNAPSHOT
TABLE 154.JGC CATALYSTS & CHEMICALS LTD: OPERATING SEGMENTS
TABLE 155.JGC CATALYSTS & CHEMICALS LTD: PRODUCT PORTFOLIO
TABLE 156.OVERALL FINANCIAL STATUS ($ MILLION)
TABLE 157.JOHNSON MATTHEY PLC: COMPANY SNAPSHOT
TABLE 158.JOHNSON MATTHEY PLC: OPERATING SEGMENTS
TABLE 159.JOHNSON MATTHEY PLC: PRODUCT PORTFOLIO
TABLE 160.OVERALL FINANCIAL STATUS ($ MILLION)

LIST OF FIGURES

FIGURE 01.GLOBAL HYDRODESULFURIZATION CATALYST MARKET SNAPSHOT
FIGURE 02.GLOBAL HYDORDESULFURIZATION CATALYST MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE OF COMPETITIVE RIVALRY
FIGURE 09.GLOBAL HYDRODESULFURIZATION CATALYST MARKET DYNAMICS
FIGURE 10.VALUE CHAIN ANALYSIS
FIGURE 11.PATENT ANALYSIS, BY COUNTRY, 2013-2021
FIGURE 12.PATENT ANALYSIS, BY APPLICANT, 2013-2021
FIGURE 13.PATENT ANALYSIS, BY PUBLICATION DATE, 2013-2021
FIGURE 14.GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY TYPE, 2020–2028 ($MILILION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF HYDRODESULFURIZATION CATALYSTS MARKET FOR COBALT-MOLYBDENUM, BY COUNTRY, 2020 & 2028 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF HYDRODESULFURIZATION CATALYSTS MARKET FOR NICKEL BASED, BY COUNTRY, 2020 & 2028 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF HYDRODESULFURIZATION CATALYSTS MARKET FOR OTHERS, BY COUNTRY, 2020 & 2028 (%)
FIGURE 18.GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY APPLICATION, 2020–2028 ($ MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF HYDRODESULFURIZATION CATALYSTS MARKET FOR NATURAL GAS, BY COUNTRY, 2020& 2028 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF HYDRODESULFURIZATION CATALYSTS MARKET FOR NAPHTHA, BY COUNTRY, 2020 & 2028 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF HYDRODESULFURIZATION CATALYSTS MARKET FOR DIESEL OIL, BY COUNTRY, 2020& 2028 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF HYDRODESULFURIZATION CATALYSTS MARKET FOR OTHERS, BY COUNTRY, 2020& 2028 (%)
FIGURE 23.GLOBAL HYDRODESULFURIZATION CATALYSTS MARKET, BY REGION, 2020–2028 ($ MILLION)
FIGURE 24.U.S. HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 25.CANADA HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 26.MEXICO HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 27.GERMANY HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 28.U.K. HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 29.FRANCE HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 30.ITALY HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 31.REST OF EUROPE HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 32.CHINA HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 33.JAPAN HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 34.INDIA HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 35.AUSTRALIA HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 36.REST OF ASIA-PACIFIC HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 37.BRAZIL HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 38.SAUDI ARABIA HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028 ($ MILLION)
FIGURE 39.UAE HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 40.SOUTH AFRICA HYDRODESULFURIZATION CATALYSTS MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 41.REST OF LAMEA MARKET REVENUE, 2020–2028($ MILLION)
FIGURE 42.MARKET PLAYER POSITIONING, 2020
FIGURE 43.TOP WINNING STRATEGIES, BY YEAR, 2020–2021
FIGURE 44.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2020–2021 (%)
FIGURE 45.TOP WINNING STRATEGIES, BY COMPANY, 2020–2021
FIGURE 46.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 47.COMPETITIVE DASHBOARD
FIGURE 48.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 49.ALBEMARLE CORPORATION: NET SALES, 2018–2020 ($ MILLION)
FIGURE 50.ALBEMARLE CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 51.ALBERMARLE CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 52.CHINA PETROLEUM AND CHEMICAL CORPORATION: NET SALES, 2018–2020 ($ MILLION)
FIGURE 53.CHINA PETROLEUM AND CHEMICAL CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54.CLARIANT AG: REVENUE, 2018–2020 ($ MILLION)
FIGURE 55.HALDOR TOPSOE: REVENUE, 2018–2020 ($ MILLION)
FIGURE 56.JGC CATALYSTS & CHEMICALS LTD: REVENUE, 2018–2020 ($ MILLION)
FIGURE 57.JGC CATALYSTS & CHEMICALS LTD: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 58.JOHNSON MATTHEY PLC: REVENUE, 2018–2020 ($ MILLION)
FIGURE 59.JOHNSON MATTHEY PLC: REVENUE SHARE BY SEGMENT, 2020 (%)

 
 

The global hydrodesulfurization catalyst market is expected to exhibit high growth potential as hydrodesulfurization catalysts play an essential role in extraction of natural gas, naphtha, diesel oil, and jet fuels. In addition, hydrodesulfurization catalysts are employed in other applications such as marine fuels, heating oils, and low sulfur fuel oils (LSFO), which is predicted to offer lucrative growth opportunities in the future. These catalysts possess excellent properties such as reduced emission, increased effectiveness, enhanced cleaning properties, and extreme pressure load, which makes them a perfect choice for sulfur removal purposes. Utilization of desulfurized diesel oil in sectors such as emission control, transportation, automotive, and power plants is another major factor favorable for growth of the global market. In addition, stringent fuel emission guidelines have been laid by the Environmental Protection Agency (EPA) and International Maritime Organization (IMO) to reduce sulfur content in diesel oil by up to 10ppm (parts per million), which is expected to augment growth of the global hydrodesulfurization catalyst market. 

Developing economies such as China and India are witnessing increase in demand for heavy transport vehicles. These vehicles require fuel oils with considerably low sulfur content to reduce emissions caused during burning of fuel. Hydrodesulfurization catalysts are widely used in lowering sulfur content of fuel oils used in heavy transport vehicles. This is not only gaining immense attention in the market but is also emerging as a key strategy in terms of gaining additional market demand. Moreover, utilization of desulfurized diesel oil in sectors such as emission control, transportation, automotive, and power plants is the key market trend. For instance, according to the environmental impact assessment (EIA), demand for ultra-low sulfur diesel oil in the U.S. has increased to 1,698,781 thousand gallons in 2019, owing to rise in demand in the transportation sector. 

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FREQUENTLY ASKED QUESTIONS?
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A. Rise in number of refineries and growing number of environmental regulations are the key factors that are boosting the demand of hydrodesulfurization catalyst market

A. The hydrodesulfurization catalyst market size is projected to reach $3,657.01 million by 2028.

A. Advanced Refining Technologies LLC, Albemarle Corporation, Axens SA, BASF SE, China Petroleum and Chemical Corporation (Sinopec), Clariant AG, Dorf Ketal Specialty Catalysts LLC, Haldor Topsoe, JGC Catalysts & Chemicals Ltd., and Johnson Matthey PLC are the top companies in the hydrodesulfurization catalyst industry

A. Natural gas industry is projected to increase the demand of hydrodesulfurization catalyst market

A. Cobalt-Molybdenum segment accounted for largest hydrodesulfurization catalyst market share.

A. The global energy need is increasing day by day. Crude oil being one of the most important energy producers is contributing around 70% of the global energy needs. The refineries across the globe are maximizing their reining capacities to meet the growing need of the population. Countries such as China, India, and others are witnessing an increase in refining capacities owing to the rise in demand among transportation, infrastructure and other sectors. It is the major growth factor in the hydrodesulfurization catalyst market.

A. Natural gas and diesel oil applications are expected to drive the adoption of hydrodesulfurization catalyst.

A. COVID-19 has impacted negatively on the hydrodesulfurization catalyst market. This is attributed due to • The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking GDP of global economies, thereby changing consumer spending patterns globally. • Oil & gas sector is the major consumer of hydrodesulfurization catalysts. There are several challenges put forward by COVID-19 pandemic on the oil & gas sector, owing to fluctuating crude oil prices, failed agreements on production cuts, and slowing down of refined products from industrial sectors. For instance, according to a publication by the Organization of Petroleum Exporting Countries (OPEC), there was a decline in production of crude oil by 9.7 million barrels in May 2020 in Russia. • International Oil Companies (IOCs), indigenous oil & gas and chemicals companies are subsequently cutting down their capital and operational expenditures, which affects production of crude oil and other products. Thus, demand of hydrodesulfurization catalysts has increased amid the COVID-19 pandemic. • Other major consumers of hydrodesulfurization catalysts include naphtha refining, natural gas, jet fuels, marine fuels, heating oils, and low sulfur fuel oils (LSFO). Disruption in value chain, unavailability of raw material due to travel restrictions, and temporary closure of manufacturing plants has negatively impacted naphtha refineries, jet fuel manufacturers, and heating oil manufactures. • Moreover, there are several refineries that have closed their bulk manufacturing plants, owing to decrease in demand for oil products. For instance, according to the International Energy Agency (IEA), there were about a dozen refinery closures in the U.S. and production has been cut down by 1bpd in the U.S. • Another major consumer of hydrodesulfurization catalyst are natural gas manufacturers. Natural gas demand has also been affected amid COVID-19 pandemic, which is attributed to reduced consumption of gas and city gas distribution. For instance, according to a report by S & P global, India witnessed natural gas downfall by 40% in January 2021.

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