Analysis of Economic Development of Wax Oil Hydrogenation Industry
The wax oil hydrogenation industry occupies an extremely key position in the petrochemical field,which focuses on the catalytic hydrogenation of paraffin oils to convert them into various high value-added products.The products of this industry are widely used in many fields such as cosmetics,plastics,coating paints and metal processing.In recent years,driven by the continuous rise in downstream demand,the market size of the wax oil hydrogenation industry has gradually grown,its capacity layout has become more and more reasonable,the rate of technological innovation has gradually risen,and the opportunities for investment have become increasingly obvious.In addition,in the process of promoting green development,this industry plays an indispensable role by closely focusing on the goals of energy saving and emission reduction and comprehensive utilisation of resources.The concept,development history and possible economic growth paths of the wax oil hydrogenation industry are discussed in depth,aiming to bring decision-making references for relevant decision-makers.
wax oil hydrogenationdevelopment historyeconomic development trend