The hydrodesulfurization catalyst market produced USD 3,092.9 million in 2023, and it will propel at a compound annual growth rate of 4.9% by the end of this decade, touching a value of USD 4,267.9 million by 2030.
This is because of the cumulative air pollution from combustion devices in petroleum refineries, houses, motor vehicles, industrial amenities, and forest fires.
On the basis of type, the cobalt–molybdenum category led the industry with a share of about 40%, and it will power at a considerable rate in the years to come. Cobalt–molybdenum-based catalyst is the most used for the hydrodesulfurization of crude oil in refineries.
This is for the reason that molybdenum catalysts are resilient to poisoning by sulfur, and cobalt-based catalyst has the advantage of high catalytic action, high selectivity on the way to hydrocarbons, weak water, gas shift reaction action, and strong regenerability.
Petrochemicals led the hydrodesulfurization catalyst market, based on end user. Hydrodesulfurization is usually used in the petroleum sector to lower the number of sulfur in crude oil.
Furthermore, the petrochemicals sector is mounting because of the increasing global demand for products for example fertilizers, plastics, and chemicals resultant from petroleum. This development is powered by industrialization, population development and tech progression.
Furthermore, the application of rules by governments to guard the environment by adapting the sulfur content in gasoline, diesel, natural gas, and kerosene drives the industry.
It is because of the increasing level of air pollution from combustion vehicles all over the world, the demand for hydrodesulfurization catalyst is on the rise. This trend will continue to grow in the years to come as well.
