Latest news with #Petrochemical
Argaam
6 days ago
- Business
- Argaam
Advanced's profit improves despite pressure; stock under review: Ubhar Capital
Advanced Petrochemical Co. headquarters Ubhar Capital said Advanced Petrochemical Co.'s Q2 2025 net profit of SAR 82 million exceeded i
Yahoo
11-07-2025
- Business
- Yahoo
Operators' Adoption of Digital Monitoring is Paving the Way for Predictive Maintenance and Operational Savings
In the Americas, demand stems from downstream integration and domestic investments. Europe, the Middle East, and Africa are driven by emissions regulations and water reuse goals. Asia-Pacific's industrial expansion calls for immediate integration of digital filtration to enhance reliability. Refinery & Petrochemical Filtration Market Dublin, July 11, 2025 (GLOBE NEWSWIRE) -- The "Refinery & Petrochemical Filtration Market by Application, Media Material, Filtration Technology, Equipment Type, End Use Industry - Global Forecast to 2030" has been added to offering. Key takeaways from the report include: The industry is shifting toward holistic filtration strategies driven by regulation, digital innovation, and sustainability. Novel filtration media are delivering enhanced performance, reducing total cost of ownership, and supporting environmental objectives. US tariffs are prompting strategic supply chain adjustments and fostering local manufacturing growth. Operators' adoption of digital monitoring is paving the way for predictive maintenance and operational savings. The Refinery & Petrochemical Filtration Market is on a robust growth trajectory, expanding from USD 5.53 billion in 2024 to USD 8.40 billion by 2030 at a CAGR of 7.19%. This report provides in-depth insights into how these filtration solutions are redefining industry performance and highlights emerging technological advances and strategic imperatives. With the growing complexity of crude oils, there is an increasing need for advanced filtration technologies capable of handling extreme conditions. This evolution elevates filtration from a basic process to a strategic enabler of cost control and environmental stewardship. Emerging Trends in Filtration Excellence Advancements in materials science and digitalization are reshaping the filtration industry. Novel media integrating nanomaterials enhance contaminant removal and extend maintenance intervals, while digital platforms optimize filter life through predictive analytics. Sustainability initiatives are also prompting the adoption of regenerated materials and on-site refurbishing techniques. These trends enable strategic planning for efficiency and cost reduction. U.S. Tariffs Impacts in 2025 In 2025, U.S. tariffs on certain filtration materials have disrupted global supply chains. Increased costs have driven equipment manufacturers to consider domestic production or partnerships with local suppliers. Operators are focusing on longer filter lifespans to manage expenses, with some exploring alternative technologies less reliant on tariff-affected materials. These dynamics underscore the importance of resilience and innovation in procurement strategies. Regional Dynamics and Strategies Regional variations significantly influence filtration strategies. In the Americas, the demand stems from downstream integration and domestic investments. Europe, the Middle East, and Africa are driven by emissions regulations and water reuse goals. Asia-Pacific's industrial expansion calls for immediate integration of digital filtration to enhance reliability. Strategic understanding of these dynamics is crucial for informed decision-making and risk mitigation. Spotlight on Leading Filtration Innovators Leading companies are expanding their capabilities through acquisitions and strategic partnerships in technology and materials. The competitive landscape sees collaboration between media developers and digital solution providers, creating comprehensive service models. Local players are gaining significant market share by aligning with regional demands, emphasizing agility and customer-centric service networks as key differentiators. Strategic Imperatives for Industry Leaders To remain competitive, industry leaders need to invest in advanced media R&D and adopt digital solutions for real-time optimization. Diversifying supply chains can mitigate the effects of geopolitical shifts and tariffs. Enhancing sustainability in filtration procurement supports environmental targets. An integrated approach aligns research, operations, and procurement for greater operational efficiency and solidifies competitive positioning. The companies profiled in this Refinery & Petrochemical Filtration market report include: Parker Hannifin Corporation Eaton Corporation plc Pall Corporation Donaldson Company, Inc. MANN+HUMMEL GmbH 3M Company Freudenberg SE Filtration Group Corporation Alfa Laval AB Lydall, Inc. Key Attributes Report Attribute Details No. of Pages 195 Forecast Period 2025-2030 Estimated Market Value (USD) in 2025 $5.95 Billion Forecasted Market Value (USD) by 2030 $8.4 Billion Compound Annual Growth Rate 7.1% Regions Covered Global Key Topics Covered1. Preface1.1. Objectives of the Study1.2. Market Segmentation & Coverage1.3. Years Considered for the Study1.4. Currency & Pricing1.5. Language1.6. Stakeholders2. Research Methodology2.1. Define: Research Objective2.2. Determine: Research Design2.3. Prepare: Research Instrument2.4. Collect: Data Source2.5. Analyze: Data Interpretation2.6. Formulate: Data Verification2.7. Publish: Research Report2.8. Repeat: Report Update3. Executive Summary4. Market Overview4.1. Introduction4.2. Market Sizing & Forecasting5. Market Dynamics6. Market Insights6.1. Porter's Five Forces Analysis6.2. PESTLE Analysis7. Cumulative Impact of United States Tariffs 20258. Refinery & Petrochemical Filtration Market, by Application8.1. Introduction8.2. Catalyst Recovery8.3. Oil Purification8.4. Product Clarification8.5. Wastewater Treatment8.6. Water Treatment9. Refinery & Petrochemical Filtration Market, by Media Material9.1. Introduction9.2. Activated Carbon9.3. Ceramic9.4. Metal9.5. Polymer10. Refinery & Petrochemical Filtration Market, by Filtration Technology10.1. Introduction10.2. Crossflow Filtration10.3. Depth Filtration10.4. Membrane Filtration10.4.1. Microfiltration10.4.2. Nanofiltration10.4.3. Reverse Osmosis10.4.4. Ultrafiltration10.5. Surface Filtration11. Refinery & Petrochemical Filtration Market, by Equipment Type11.1. Introduction11.2. Bag Filter11.3. Candle Filter11.4. Cartridge Filter11.5. Disc Filter11.6. Pressure Vessel12. Refinery & Petrochemical Filtration Market, by End Use Industry12.1. Introduction12.2. Chemical Production12.3. Natural Gas Processing12.4. Petrochemical Manufacturing12.5. Refining13. Americas Refinery & Petrochemical Filtration Market13.1. Introduction13.2. United States13.3. Canada13.4. Mexico13.5. Brazil13.6. Argentina14. Europe, Middle East & Africa Refinery & Petrochemical Filtration Market14.1. Introduction14.2. United Kingdom14.3. Germany14.4. France14.5. Russia14.6. Italy14.7. Spain14.8. United Arab Emirates14.9. Saudi Arabia14.10. South Africa14.11. Denmark14.12. Netherlands14.13. Qatar14.14. Finland14.15. Sweden14.16. Nigeria14.17. Egypt14.18. Turkey14.19. Israel14.20. Norway14.21. Poland14.22. Switzerland15. Asia-Pacific Refinery & Petrochemical Filtration Market15.1. Introduction15.2. China15.3. India15.4. Japan15.5. Australia15.6. South Korea15.7. Indonesia15.8. Thailand15.9. Philippines15.10. Malaysia15.11. Singapore15.12. Vietnam15.13. Taiwan16. Competitive Landscape16.1. Market Share Analysis, 202416.2. FPNV Positioning Matrix, 202416.3. Competitive AnalysisFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Refinery & Petrochemical Filtration Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Butane Market to Reach USD 251.96 Million tons by 2030, Driven by Growing LPG Demand and Petrochemical Applications
Mordor Intelligence has published a new report on the Butane Market offering a comprehensive analysis of trends, growth drivers, and future projections. Introduction According to a 2025 report on the butane market by Mordor Intelligence, the market size is estimated at USD 204.82 Million tons in 2025 and is expected to reach USD 251.96 Million tons by 2030, growing at a CAGR of 4.23% during the forecast period. The butane market play a crucial role in the global energy and petrochemical sectors. Butane is widely used as a component of liquefied petroleum gas (LPG) for cooking and heating, as well as a feedstock in the petrochemical industry to produce products like butadiene and isooctane. Key Trends in the Butane Market Rising Demand for LPG in Emerging Economies The demand for butane as a major component of liquefied petroleum gas (LPG) is growing rapidly, especially in developing countries. Governments in Asia-Pacific and Africa are promoting LPG usage for cooking and heating to reduce reliance on traditional biomass, which is driving consistent consumption. Increased Use in Petrochemical Feedstocks Butane is increasingly used as a feedstock in petrochemical production, particularly for producing butadiene, ethylene, and maleic anhydride. The expansion of global petrochemical capacities, driven by strong demand for plastics and synthetic rubber, is supporting this trend. Seasonal Fluctuations in Demand Patterns Demand for butane varies seasonally due to its blending with propane to adjust LPG volatility for different climates. This winter and summer adjustment process ensures reliable fuel supply and creates predictable consumption peaks. Infrastructure Development for Storage and Transportation Significant investments are being made in expanding butane storage, terminal, and transportation infrastructure. This includes pipelines and shipping facilities in Asia-Pacific and the Middle East, enhancing trade efficiency and market access. Market Segmentation By Type N-Butane N-Butane is widely used in the petrochemical industry as a feedstock for producing butadiene and other derivatives. It is also blended into motor gasoline to improve fuel volatility, particularly in colder climates. Isobutane Isobutane is primarily used in the production of isooctane through alkylation, which is essential for manufacturing high-octane gasoline. It is also used as a refrigerant (R-600a) and in aerosol propellants due to its low toxicity and effective thermodynamic properties. By Source Natural Gas A significant portion of butane is obtained during natural gas processing. As natural gas is extracted, butane is separated along with other natural gas liquids, providing a clean and efficient source for industrial and domestic applications. Refining Butane is also produced as a byproduct during crude oil refining processes. It is recovered during the distillation and catalytic cracking operations in refineries and is then utilized in applications such as LPG blending and gasoline production. By End-user Industry Residential/Commercial In this segment, butane is primarily used as a component of liquefied petroleum gas (LPG) for cooking, heating, and fuel purposes. Its clean-burning properties and cost-effectiveness make it a preferred energy source in households and commercial establishments worldwide. Industrial (Including Chemical Feedstock) The industrial segment utilizes butane extensively as a feedstock in petrochemical processes to produce chemicals such as butadiene and ethylene. It is also used in refineries for gasoline blending and in other industrial operations where its flammability and volatility are beneficial for production processes. By Geography Asia-Pacific Dominates global butane demand due to extensive LPG usage in countries like India, China, and Southeast Asia, supported by rising urbanisation and industrial growth. North America Significant consumption driven by refinery operations, petrochemical feedstock requirements, and LPG applications. Europe Maintains steady demand, with butane utilized in LPG blending and petrochemical manufacturing across multiple industries. Major Players Exxon Mobil Corporation A top-tier global energy company with integrated refinery, petrochemical, and natural gas liquids (NGLs) operations. Exxon Mobil plays a key role in gasoline blending and petrochemical feedstock production China Petrochemical Corporation (Sinopec) A Chinese state-owned giant with significant refining capacity. Sinopec extracts butane as part of its crude processing and supplies it regionally and internationally. Shell PLC With diversified energy assets, Shell recovers butane from both refining and NGL streams and uses it across LPG, gasoline blending, and petrochemicals. Conclusion The butane market is positioned for steady growth in the coming years, supported by rising demand for LPG in residential and commercial sectors and its vital role as a petrochemical feedstock. With consumption driven by emerging economies in Asia-Pacific and consistent refinery operations in North America and Europe, market players are focusing on strengthening their supply chains, ensuring safety compliance, and expanding storage and transportation infrastructure Industry Related Reports Maleic Anhydride Market : The Maleic Anhydride Market is segmented by product type (including unsaturated polyester resin, 1,4-butanediol, lubricant additives, and others), raw material (n-butane and benzene), physical form (solid such as flake or Prill, and molten), end-user industry (construction, automobile, food and beverage, and others), and geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). US Industrial Gas Market: The US Industrial Gas Market is segmented by product type (including nitrogen, oxygen, carbon dioxide, hydrogen, helium, argon, ammonia, methane, propane, butane, and other product types) and by end-user industry (such as oil and gas, energy and power, petrochemical and chemical manufacturing, medical and pharmaceutical, food and beverage, metal manufacturing and fabrication, transportation, and others). Russia Oil and Gas EPC Market: The Russian Oil and Gas EPC Market is segmented by sector into upstream, midstream, and downstream. Market size and forecasts for each of these segments are presented in terms of revenue (USD billion). About Mordor Intelligence: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. For any inquiries or to access the full report, please contact:media@
Argaam
16-06-2025
- Business
- Argaam
Petro Rabigh completes periodic maintenance, resumes operations
Rabigh Refining and Petrochemical Co. (Petro Rabigh) completed, on June 15, the periodic maintenance and the resumption of operations of the facilities and production units. This was with the exception of the high olefins fluid catalytic cracker (HOFCC), which requires additional time to complete the comprehensive periodic maintenance and resume operations. In a statement to Tadawul, the company said that the financial impact of this shutdown will appear in the financial results for Q2 2025. However, the company noted that this financial impact cannot be accurately estimated at this stage, as it is contingent on the completion of HOFCC's maintenance and resumption of operations. In April, the company announced plans to carry out comprehensive and scheduled periodic maintenance for all operational facilities and production units at the company's complex. It added that the maintenance would last 60 days from April 15, requiring a complete shutdown of these units, Argaam reported.
Yahoo
28-05-2025
- Business
- Yahoo
UBS Lowers Price Target on Westlake (WLK), Keeps Buy Rating
On May 28, UBS lowered the firm's price target on Westlake Corporation (NYSE:WLK) from $118 to $101, while keeping a Buy rating on the stock. The adjustment reflects the near-term challenges for the company's Performance and Essential Materials (PEM) Segment. A closeup of a Petrochemical product being inspected for quality assurance. The company reported its fiscal first quarter results for 2025 on May 2. The company reported net sales of $2.85 billion down from $2.98 billion a year ago. The PEM segment faced headwinds from a strong run-up in feedstock and increased energy prices which led the net sales down from $1.91 billion in Q1 2024 to $1.85 billion in the recent quarter. The higher cost also led the EBITDA of the PEM segment to be $180 million lower than the previous year. The firm still sees Westlake Corporation's (NYSE:WLK) commodity products as favorably priced in the market. However, UBS anticipates continued challenges for the near-term at least thereby leading to a reduced price target. Westlake Corporation (NYSE:WLK) is an international manufacturer of materials and products. It provides building blocks for major industries including housing and construction. Packaging, healthcare, automotive, and consumer goods. It operates through two main segments: Performance and Essential Materials (PEM) and Housing and Infrastructure Products. While we acknowledge the potential of WLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WLK and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
