Due to the sizeable crude oil refining facilities in China, India, Japan, and South Korea, the Asia Pacific region accounted for more than 40% of the global refinery catalyst market in 2018. Due to the high population of vehicles in these countries, the region is also where the majority of petroleum fuels are in high demand. The region will also experience the fastest growth globally as a result of refineries in China and India upgrading their facilities and increasing their capacity.
With a 60 MMTPA annual capacity, India is home to Reliance Industry's largest refinery complex in the world. As a means of boosting their profit margins, refineries in this region are currently modernising and becoming more complex in order to separate light distillates from harder residues.
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