In recent years, China, India and some countries in the Middle East have seen more and more fuel consumption per capita, and the market for refining catalysts has developed more rapidly. In addition, due to the implementation of strict fuel standards in China, the hydrogenation catalyst market also has a better market prospect. Poor quality crude oil, increased consumption of refined products and strict fuel standards have all contributed to the rapid development of the hydrogenation catalyst market.

As fuel standards and oil prices continue to rise, the oil market in some European countries has weakened. But some countries in the Middle East, such as China and Russia, continue to process crude oil according to ultra-low standards for Korean wave diesel. At the same time, many countries are working to lower the sulfur content of diesel fuel.

During the refining process, the use of inferior crude oil, which contains heavy crude and oil sands, can lead to more processing. To produce diesel fuel with the same ultra-low sulphur content, oil sands would require more than 20 times the amount of refining catalyst needed to produce products from conventional crude.

The use and development of refining catalysts is a driving force for the development of emerging countries. For this reason, some of the world's major refining catalysts manufacturers have found that the emerging market for refining catalysts is developing rapidly. Among them, the refining catalyst market, hydrogenation catalyst accounted for a large part of the market share, can be regarded as a large market segment in the catalyst market. Demand for FCC catalysts, by contrast, is growing, but at a slower pace.

The demand for refinery catalysts is likely to grow at an alarming rate over the next few years, and accordingly the consumption of refined products will increase. The use of catalysts can best add more output to the crude oil processing projects of refineries.