Transparency Market
Research Reports incorporated a definite business overview and investigation
inclines on "Middle Distillate
Refining Market". This report likewise incorporates more
illumination about fundamental review of the business including definitions,
requisitions and worldwide business sector industry structure.
Globally refiners continue to face several
challenges as environmental policies are becoming increasingly stringent. The
profitability of refiner’s is influenced because of strict regulations on
sulphur content of gasoline & diesel oil and curbs on refinery emissions.
Agencies such as the International Maritime Organizationhas already proposed
changes in specifications of bunker fuel oil. These regulations will
drastically impact the refinery’s profitability which would then have a tough
time increasing or maintaining current refining margins. Thus those refineries
which currently produce a substantial amount of residual oil and lack the complexity
to upgrade it to middle distillates will face difficulties. They either have to
invest in commercially proven and reliable solutions to convert residual oil to
more valuable liquid products or face a threat to shut down the refinery as the
operation becomes uneconomicalto continue. With the increasing crude oil prices
and growing demand for middle distillates refiners have felt the need to invest
in this segment.
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The increasing demand for middle distillates is one
of the primary driver for this market. With strict environmental norms, the
need to install upgradation units is becoming a necessity if refiners want to
stay in the market. Globally the production of sweet grade crude oil has
declined and is costly if compared to sour grade crude. Thus to maintain the
refining margins the refineries need to install upgradation units and increase
the productivity of middle distillates.The decision on which technique to use
must be arrived at before installation of such upgradation units. Some of the
market restraints hindering adoption of such units include huge capital
investments, high replacement lead time of the new unit with the older one.
However as the demand for high sulphur products is in a downtrend due to strict
environment policies, refiners need to invest in conversion units in future.
Thus there is definitely an opportunity for players who wish to
providerefiningsolutions in this market segment.
Middle distillates can be obtained using a number of
process units. The common processes are: Distillate hydrotreater, Fluid
catalytic cracking, Reforming, Hydrocracker, and Visbreaking. The decision on
which process to adopt depends on the sulphur content of the crude oil and the
configuration of end products desired. All these techniques are adopted by
refineries to break down heavy fractions into more valuable lighter products.
These refining processes are also used to remove or lower the impurity content
present in the refined products, depending upon the market needs.
The current demand for middle distillates is not
only expected to grow in the US, Europe but also in the emerging markets.
Currently refining investment is mainly made in Asia-Pacific especially China
and India, theMiddle East, Russia and LatinAmerican regions. This is because of
increasing demand for refined products in these regions. Existing refineries in
these areas have to invest in deep conversion units to comply with the strict
product qualityspecifications. Some of the major players present in this market
segment are Warren Letzch, Honeywell UOP and Grooves Equipments.
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This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This
report provides pin-point analysis for changing competitive dynamics
- It
provides a forward looking perspective on different factors driving or
restraining market growth
- It
provides a technological growth map over time to understand the industry
growth rate
- It
provides a seven-year forecast assessed on the basis of how the market is
predicted to grow
- It
helps in understanding the key product segments and their future
- It
provides pin point analysis of changing competition dynamics and keeps you
ahead of competitors
- It
helps in making informed business decisions by having complete insights of
market and by making in-depth analysis of market segments
Download PDF: Global Middle Distillate Refining Market
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