RESIDUE HYDRO DESULFURIZATION CATALYST MARKET ANALYSIS

Residue Hydro Desulfurization Catalyst MarketSize and Trends

Market Dynamics

Implementation of stringent norms to reduce harmful emission from vehicle is paving the way for advanced emission control technologies in vehicles and engines, which is boosting demand for clean fuels such as ultra-low sulfur gasoline (ULSG) and ultra-low diesel fuel (ULSD). For instance, as per the national diesel sulfur standard prevailing in the emerging countries such as India is limited to 350 ppm, along with 50ppm which is required to maintain in major Indian cities. Regulating bodies’ measures to maintain sulfur standards for diesel and gasoline creates awareness in the market to reduce harmful emissions. These clean fuels are obtained by hydro desulfurization catalytic process.

Furthermore, rising exposure of harmful air particulates such as sulfur oxide, nitrogen oxide, and others are propelling the residue hydro desulfurization catalyst market. Such exposure might cause serious health implications and lead to deaths, across the globe. This residue hydro desulfurization process lowers down the content of sulfur and nitrogen oxide, which would reduce fuel emission from engines and vehicles. According to Our World in Data, in 2015, Saudi Arabia, and Egypt witnessed highest levels of exposure to such particulates at 105 µg/m3, while countries across Europe, Oceania, and North America had air particulate levels at 5-10µg/m3. Moreover, according to World Health Organization, about 3 million people across the globe died due to ambient air pollution in 2012.

Market- Trends