Global Oil Refinery Catalyst Market Will Reach $3.18 Billion in 2011: companiesandmarkets.com

• Growing demand for petroleum fuels and olefins used in the plastics sector is expected to lead to refining capacity expansions
• R&D into novel catalyst technologies provides opportunities for growth in the oil refinery catalyst market

LONDON--(BUSINESS WIRE)--Growing demand for petroleum fuels and olefins used in the plastics sector is expected to lead to refining capacity expansions, particularly in non-OECD states, according to a new report on companiesandmarkets.com. This, along with demand for highly purified and high octane petroleum products and fuels, will ensure the oil refinery catalyst market is home to rising revenues over the coming ten years. It is forecast that the global oil refinery catalyst market will reach $3.18 billion in 2011.

The Oil Refinery Catalyst Market 2011-2021

http://www.companiesandmarkets.com/Market-Report/the-oil-refinery-catalyst-market-2011-2021-615565.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2

The industry is fundamentally driven by supply and demand in the refining sector, which has been impacted by the global recession. The refining sector must now contend with weak economies in the developed world, low refining margins, heavier and more acidic feedstock, and regulatory reforms to combat global warming. Conversely, the rising petroleum fuel and products demand in Asia-Pacific, the Middle East and South America, the modernisation of refineries to cope with unconventional oils, rising oil prices and R&D into novel catalyst technologies are all providing opportunities for further growth in the oil refinery catalyst market.

The report provides a clear analysis of where the market is going based on diverse factors and insight into the market, anticipating how and why the market will change from 2011 onwards. The various drivers and restraints of the market are assessed in order to provide readers with specific insights into the future direction of the market. The report also analyses and forecasts the four main sub-markets of the oil refinery catalyst market from 2011-2021, as well as the regional oil refinery catalyst markets.

Oil Refinery Catalyst Market 2011-2021 supplies a comprehensive review of programmes and products via analysis of policy documents, news reports, industry publications, market analysis and consultations with experts. This report provides detailed global market, sub-market and regional market forecasts, a SWOT analysis, case studies and in-depth analyses of commercial drivers and restraints.

Report Details:

http://www.companiesandmarkets.com/Market-Report/the-oil-refinery-catalyst-market-2011-2021-615565.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2