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Secondary Reforming Catalyst Market Drivers

The rapid growth of the petrochemical industry has created an upsurge in the demand for secondary reforming catalysts in the manufacturing of various chemicals and gases. The refinery catalyst market is also growing at a high rate and increasing refinery capacities are pushing the demand for high-performance secondary reforming catalysts, which is projected to continue over the forecast period. Increasing populations and decreasing fertile lands are propelling the growth of the fertilizer industry and this growth in the fertilizer industry is resulting in a rise in the demand for ammonia.

There has been a significant increase in the demand for hydrogen gas, ammonia and other chemicals, which has been driving the secondary reforming catalyst market growth. Strong growth of the global chemical industry and the increasing need for energy are expected to boost the demand for secondary reforming catalysts during the forecast.

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