February 2002

Trends and Resources

HP Impact: U.S. process catalysts demand to grow 4.4%/year

Demand for process catalysts (which exclude environmentalapplications) is forecast to increase 4.4%/year to $3.3 billion in2005. This increase is being driven by accelerating growth in thepetroleum re..

Weirauch, Wendy, Hydrocarbon Processing Staff

Demand for process catalysts (which exclude environmental applications) is forecast to increase 4.4%/year to $3.3 billion in 2005. This increase is being driven by accelerating growth in the petroleum refining sector and continued strength in new polymerization technologies, according to a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm (www.freedoniagroup.com). Petroleum refining will continue to be the largest market for catalysts, with advances driven by new government regulations, an increasing emphasis on heavy sour crude feedstocks and the impending phaseout of MTBE oxygenates. Growth will accelerate over the next decade due t

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