Hydrodesulfurization Catalysts Market: Introduction
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Hydrodesulfurization is a chemical process that is used in the
oil refining industry. It is widely used to remove sulfur compounds from
refined petroleum products such as diesel fuel, jet fuels, gasoline or petrol,
and fuel oils.
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Removal of sulfur helps reduce the hazardous sulfur dioxide
emissions resulting from using those fuels in oil burning power plants,
automotive vehicles, railroad locomotives, aircraft, ships, residential and
industrial furnaces, and other forms of fuel combustion
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Catalysts used for this process are hydrodesulfurization
catalysts. Ruthenium disulfide (RuS2) appears to be the single most active
catalyst, but binary combinations of cobalt and molybdenum are also highly
active. In practice, most HDS units in petroleum refineries use catalysts based
on cobalt-modified molybdenum disulfide (MoS2) together with smaller amounts of
other metals.
Key
Drivers and Restraints of Hydrodesulfurization Catalysts Market
·
Crude oil is base for many products such as gasoline and jet
fuels. It contains a complex mixture of sulfur compounds such as sulfides and
disulfides. Hydrodesulfurization process removes the sulfur and hydrogen
sulfide (H2S) gas formed after the reaction of sulfur gases with the help of
hydrodesulfurization catalysts. Increase in manufacture of these crude
oil-based products is boosting the hydrodesulfurization
catalysts market.
·
Global refiners are expected to maximize their capabilities to
produce low-sulfur fuel oil. This, in turn, is driving the hydrodesulfurization
catalysts market.
·
Increase in regulations concerning environmental pollution and
adoption of cleaner fuels with less emission are expected to drive the demand
for hydrodesulfurization catalysts
·
Rise in global demand for transportation fuels is anticipated to
be a primary driver of the global hydrodesulfurization catalysts market
·
High production cost of sulfur-free fuels vis-à-vis conventional
fuels is estimated to hamper the hydrodesulfurization catalysts market
COVID-19
Impact on Hydrodesulfurization Catalysts Market
·
On January 30, 2020, the International Health Regulations
Emergency Committee of the World Health Organization (WHO) declared the
Coronavirus disease (COVID-19) outbreak a public health emergency of
international concern. Originating in China, the virus has spread to at least 214
countries and territories around the world.
·
The COVID-19 pandemic has negatively impacted the demand and
supply chains worldwide. Manufacture of various consumer goods and other
products across the globe came to a halt due to the unavailability of raw materials,
shortage of labor, etc. This has hampered the hydrodesulfurization catalysts
market.
·
The pandemic has severely affected the oil & gas sector,
where hydrodesulfurization catalysts are extensively used. Decrease in demand
for refined products, varying crude oil prices, and failed agreements regarding
production have adversely affected the hydrodesulfurization catalysts market.
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North
America Holds Leading Share of Hydrodesulfurization Catalysts Market
·
In terms of region, the hydrodesulfurization catalysts market
can be divided into North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa
·
North America accounted for major share of the global
hydrodesulfurization catalysts market in 2020. It was followed by Asia Pacific
and Europe.
Hydrodesulfurization
Catalysts Market Segmentation, by Type
·
Based on type, the global hydrodesulfurization catalysts market
can be divided into cobalt- molybdenum hydrodesulfurization catalysts and
nickel-based hydrodesulfurization catalysts
·
The cobalt-molybdenum segment holds major share of the global
market in terms of revenue. Cobalt-molybdenum based hydrodesulfurization
catalysts are recognized as excellent catalysts for sulfur removal from
naphtha, diesel, and natural gas. They possess various properties such as
high-octane occupancy, high activity, and fuel impregnation.
·
Demand for nickel-based catalysts is expected to be high in the
near future due to their properties such as thermal stability, high activity,
increased pore space, and improved hydro refining. Thus, they are suitable for
removal of sulfur content from crude oil & its distillates.
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Hydrodesulfurization
Catalysts Market Segmentation, by Application
·
Based on the application, the diesel segment was the key segment
of the global market in terms of revenue in 2020
·
Diesel is manufactured by hydrodesulfurization process to remove
the sulfur present in it. The use of sulfur-free diesel has become a trend
across the globe. Demand for hydrodesulfurization catalysts is increasing due
to the rise in regulations on sulfur emissions from the combustion of diesel
fuel.
·
Oxygen, nitrogen, sulfur, and several other impurities in
naphtha are observed to be poisonous for platinum catalyst activities.
Therefore, the removal of these impurities is a key concern for manufacturers.
This is driving the demand for hydrodesulfurization catalysts.
·
The excess sulfur present in the natural gas is eliminated with
the help of hydrodesulfurization catalysts
·
Hydrodesulfurization catalysts are also used to remove the
excess sulfur from marine fuels, jet fuels, etc.
Key
Manufacturers Operating in Hydrodesulfurization Catalysts Market
The hydrodesulfurization catalysts market was consolidated in
2020. Major players have prominent presence in developed and developing
countries. Key manufacturers operating in the hydrodesulfurization catalysts
market include:
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Axens SA
·
Advanced Refining Technologies LLC
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Albemarle Corporation
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BASF SE
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China Petroleum and Chemical Corporation
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Sinopec Corp.
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Haldor Topsoe
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JGC Catalysts & Chemicals Ltd.
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Clariant AG
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Dorf Ketal Specialty Catalysts LLC
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Johnson Matthey PLC
·
UNICAT Catalyst Technologies, LLC (US)
·
Honeywell International Inc
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