Technavio's global hydrocracker market research report projects the market to grow at a CAGR of around 2% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181213005507/en/
Technavio has released a new market research report on the global hydrocracker market for the period 2018-2022. (Graphic: Business Wire)
The fluctuations in crude oil prices will be one of the major trends in the global hydrocracker marketduring 2018-2022. The crude oil prices play a major role in oil and gas production. The steep variations of crude oil prices witnessed over the year affected the entire value chain, because of which many E&P activities for oil and gas were put on hold. According to the lEA, the price of crude oil was highest in 2012 at USD 107.8 per barrel and reached its lowest in 2016 at USD 40.4 per barrel.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key drivers for the global hydrocracker market is the increased complexity of refineries:
Global hydrocracker market: Increased complexity of refineries
The complex refineries typically run heavier, more sour crude oils and produce higher quality products. High-complexity refineries produce the highest yields of lighter and higher-value products by means of catalytic cracking, hydrocracking, and coking capacities. The complex refineries take advantage of the price differentials, which exist between different crude oils owing to supply and demand, gravity, quality, and location imbalances.
According to a senior analyst at Technavio for research on oil and gas, "A hydrocracker is a complex unit used for upgrading a refinery to produce jet fuel, diesel, and gasoline. The Nelson Complexity Index that was introduced in the 1960s for quantifying the degree of complexity and sophistication of refineries, classifies the refineries from simple to complex. The refineries with high complexity index can process low-grade crude oil."
Global hydrocracker market: Segmentation analysis
This global hydrocracker market analysis report provides market segmentation by product (single-stage and two-stage) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the single-stage segment held the largest hydrocracker market share in 2017, contributing to over 72% of the market. This product segment will dominate the global market throughout the forecast period.
The EMEA region held the largest share of the market in 2017, accounting for close to 38% share. It was followed by APAC and the Americas, respectively. EMEA is expected to dominate the market throughout the period 2018-2022.
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005507/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
