Refinery Catalyst Market Size, Sales Analysis & Opportunity 2030
The refinery catalyst industry has a significant opportunity in the form of expanded refinery capacity. Over the past few years, there has been a consistent rise in the demand for fuels, especially cleaner alternatives. Consequently, enhancing the capabilities of existing refineries and constructing new petroleum refineries in high-demand areas could provide further impetus to the refinery catalyst market. The global shift towards biofuels and greener fuels is expected to decrease the demand for fossil fuel-derived products, directly impacting the usage of refinery catalysts. As the consumption of less refined products increases, the demand for catalysts in refineries will decrease accordingly.
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