The post Pygas (Pyrolysis Gasoline) Market Outlook, Current and Future Industry Landscape Analysis 2027 appeared first on Newstrail.com authored by Future Market Insights
In the composition of pyrolysis gasoline, the percentage of benzene, toluene and xylene is higher with respect to other components such as styrene, and other aromatics. Fluctuating oil and raw material prices for the process of pyrolysis gasoline is restricting market growth. However, manufacturers are trying to find out solutions to find alternative raw materials for the formation of pyrolysis gasoline.
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Catalysts play a vital role in the process of pyrolysis gasoline, mainly nickel and palladium are the main catalysts for the surplus aromatics during the production of pyrolysis gasoline, as all the manufacturing process is completed in closed system, which can prevent the escape of vapour and liquid to minimize the environment concern.
Pyrolysis Gasoline Market Dynamics
Innovative technologies to improve demand of pyrolysis gasoline is expected to witness significant market growth in between the forecast period (2016–2026). The demand is majorly driven by various factors such as its usage in boosting of octane for motor fuels in petrochemical operation and internal source of fuel oil products and for benzene. On the basis of geographical region, growth of pyrolysis gasoline is majorly driven by North America and European countries followed by Asia Pacific region. Additional gum formation during the process of pyrolysis gasoline is creating challenge to the manufacturers. The stringent regulations from Governments of various countries regarding aromatic contents make pyrolysis gasoline utilization as a blending mixture more difficult. Increasing demand from the end use industries is expected to create opportunity for the manufacturers from the supply and demand side, currently global pyrolysis gasoline production is high in demand and is expected to increase in the near future due to increasing consumption from end use industries. Manufacturers are focusing on various strategies in the pyrolysis gasoline market, such as to obtain aromatic source mixture and to obtain high octane number gasoline blend, along with this scientists are focusing to introduce environment friendly and cheaper catalysts over nickel and palladium for the hydrogenation of pyrolysis gasoline.
Pyrolysis Gasoline Market Participants
Examples of some of the market participants are;
- Shell
- Haldia Petrochemicals Limited
- Chevron Phillips Chemical Company
- ONGC Petro additions Limited
- SUD–CHEMIE
- The Dow Chemical Company
- Ras Laffan Olefins Company Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
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Pyrolysis Gasoline Market Segmentation
Pyrolysis gas market can be segmented on the basis of application as follows,
- Aromatics Extraction
- Refinery Feedstock
- Fractionation for Benzene
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
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