RESIDUE HYDRO DESULFURIZATION CATALYST MARKET ANALYSIS

Regional Analysis

Regional Outlook

North America is expected to achieve significant growth in the market during the forecast period, owing to the stringent standards on gasoline volatility, benzene content, and diesel fuel aromatics content, which limits the exposure of harmful emission via residue hydro desulfurization catalyst. For instance, in 2016, the U.S. implemented diesel and gasoline sulfur standards of 30 ppm (average) and 10 ppm (cap), respectively.

Asia Pacific is expected to sustain lucrative growth rate in the residue hydro desulfurization market during the forecast period. This is attributed to rising pollution related deaths in the region. The residue hydro desulfurization catalyst process reduces the amount of sulfur content in the petroleum products, which in turn would reduce the harmful emissions. According to the Our World in Data, South Asia, Southeast Asia, and East Asia witnessed about 3 million deaths due to exposer to harmful emissions in 2016.