Refining catalyst demand inches ahead between 1998 and 2003

Petroleum refining catalyst demand will grow 1.9%/year between 1998 and 2003-a result of proposed gasoline sulfur limits, declining crude quality, and a move to new, higher-value products. Click here to enlarge imageGrowth between 1989 and 1998 was 1.8%/year (Table 1).The growth between 1998 and 2003 corresponds with a 4.4%/year growth in sales, to $1.3 billion in 2003. Demand for petroleum refining catalysts, which totaled $1.1 billion in the US in 1998, is primarily a function of the amount of crude oil being refined, trends in refined products consumption, and the level of existing environmental regulation.Broader trends in the crude oil industry also play a role, especially pricing, ...

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