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Hydrogen Purification in Petroleum Refining Global Markets

Press Release   •   May 12, 2016 16:05 IST

12thMay, 2016 Mumbai, India: announces a report on “Hydrogen Purification in Petroleum Refining Global Markets”. The report also includes market size by region and technology.

refining industryin the various processes within a refinery, and thus it is among the major costs for the refinery. Hydrogen is also a major component in the off gases generated from the refinery processes. Historically, these off gases were flared or used as energy sources by burning, but with tight refining margins and improvements in the technology for purification, these off gases are being purified to obtain hydrogen that can be reused in the processes. In this scenario, hydrogen purification and the technologies that combine hydrogen purification and compression to obtain purified hydrogen are gaining increased importance.

Hydrogen is a byproduct from the industrial processes of other industry segments, including the metal, petrochemical and semiconductors. This report focuses exclusively on the hydrogen purification market in the refining industry. The refining industry is among the major consumers of hydrogen. The off gases with high presence of hydrogen from the various processes in the refinery represent major sources for purification. In this scenario, the market for the providers of hydrogen purification equipment and technology to purify the off gases to obtain high-purity hydrogen is expected to continue to grow in the future.

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.

The study is based on the primary and secondary research conducted by the author. The report and the analysis of the market were based on primary and secondary research. Secondary research was conducted to build the refinery database, to understand the requirement for hydrogen purification in the refining industry, and to develop an understanding of the trends and market factors affecting the market. Primary research was conducted to understand the market from the perspective of the market participants, including hydrogen purification technology providers and refiners. An estimation model for the market was developed from the information to determine the market for hydrogen purification in the refining industry.

The base year for this report is 2014. The market forecast period covers from 2015 to 2020. Revenue values are reported in current U.S. dollars.

The report provides an overview and analysis of the hydrogen purification market in the petroleum refining industry. The overview of the current market, growth rate and forecasts will provide a useful reference for investors planning to invest in green technologies, especially in the hydrogen sector, as well as the hydrogen producers and suppliers, and the research organizations working on hydrogen purification technologies who are looking to commercialize the technology. The report is also useful to anyone who wishes to develop an understanding of the current and future market for the hydrogen purification technologies, mainly in the petroleum refining industry.

Secondary research sources include trade journals, technical articles, company reports, government databases, annual reports and other publications. The primary research sources include discussions with key personnel in the industry. The key personnel include knowledgeable experts from the supply side; hydrogen purification providers, including the technology providers and solution providers; users; and experts from refining companies. An extensive patent analysis was also conducted to understand the research activity in the industry.

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About Author Bio:I am working with a market research company which provides market research reports, company profiles, custom research, industry analysis,country reports, business reports,online databasesetc. Through our industry analysis you can identify opportunities, analyze the requirements of the customers and study the competition sector wise.

Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.