Refining catalyst business shows signs of strong recovery in 2004-07

Worldwide refiners' needs to produce cleaner fuels and operate to meet environmental regulations, convert more heavy feedstocks to satisfy regional fuel market needs, and maximize profit margins continue to guide developments in the refining catalyst market.Sales of refining catalysts will improve to $2.52-2.67 billion in 2007 from $2.22 billion in 2001, a growth rate of 2.3-3.4%/year. The higher estimate assumes that planned construction for new units and expansions through 2007 will actually occur.According to the high estimate, the refining catalyst market will grow about 4.4%/year in hydrotreating, 2.1%/year in FCC, 5.0%/year in hydrocracking, 1.4%/year in naphtha reforming, and 7...

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