Hydrogen Purification in Petroleum Refining: Global Markets
The global hydrogen purification market in the petroleum refining industry was nearly $7.1 billion 2014. The market is expected to reach nearly $9.9 billion by 2020 from nearly $7.5 billion in 2015, increasing at a compound annual growth rate (CAGR) of 5.7% from 2015 to 2020.
- An overview of the global markets and related technologies for Hydrogen purification in petroleum refining.
- Analyses of global market trends, with data from 2014, 2015, and projections of CAGRs through 2020.
- Breakdowns of the market by geography as well as by technology.
- Evaluation of the market's dynamics, specifically growth drivers, restraints, and opportunities.
- A look at a Hydrogen network in a refinery as well as the overall industry's structure.
- Analysis of governmental regulations and their impact on the market.
- Relevant patent analysis.
- Profiles of major players in the industry.
This report focuses on the market for hydrogen purification in the petroleum refining industry. The market being considered is not for hydrogen production or supply (i.e., the electrolysis market, the merchant market). The market being considered is for hydrogen purification (recovery), as applicable to the refining industry to obtain purified hydrogen from the various processes in a refinery that can be reused within the refinery or elsewhere.
The analysis includes data on the market size estimates for 2014 and market forecast to 2020, along with the growth trend. The report also includes market size by region and technology. An overview of the hydrogen purification technologies, key market players in hydrogen purification, the factors driving or restraining the growth of the market, and the major refining plants are also discussed. Governmental regulations and their impact on the market, as well as the key patent activity on the technology, are also provided.
The base year for the report is 2014, and the market forecasts are provided for the period from 2015 to 2020. The global market has been segmented into four regions: Asia-Pacific, Europe and the Middle East, North America and Rest of World. The Asia-Pacific region includes countries in South Asia, East Asia, Central Asia, Southeast Asia, Australia and Oceania. The Europe and Middle East region includes all the countries in Europe and the Middle East, as well as the Russian Federation. The North America region includes the U.S., Canada and Mexico. The Rest of World region includes countries in Africa, as well as South and Central America.
Sandeep Hassan Rangaswamy holds a Bachelor's degree in Mechanical Engineering and a Master's degree in Management. Sandeep has extensive experience in business research, consulting and marketing in the energy, clean technology, industrial, infrastructure and ecommerce industry sectors, and as an entrepreneur and business consultant. He has expertise in conducting strategic due diligence, including market analysis and attractiveness testing, competitive positioning, customer evaluation and company analysis. He has authored more than 30 industry research reports and articles in the energy and industrial sectors. Sandeep is currently an academic at an international management institution and also an Independent Business Consultant, and advises companies on projects related to strategic due diligence and serves as an analyst in the energy sector.