San Francisco 17 April 2019 Catalyst Market Size, Share & Trends Analysis Report By Raw Material (Metal,
Chemical Compounds), By Product (Heterogeneous, Homogeneous), By Application
(Polymers & Petrochemicals, Environmental), And Segment Forecasts, 2019 -
2025
The global catalyst market size is expected to reach USD 34.06 billion by 2025, ascending at a CAGR of 4.5%, according to a report by Grand View Research, Inc. Rising demand for petrochemicals from various end-use industries is expected to be a prime factor driving the market growth. Inclusion of high-grade polymers in manufacturing commodities for domestic as well as export oriented industry is anticipated to surge the product demand in future.
Moreover, demand for clean and green fuels
has shifted the trend of energy generation from conventional to clean
resources. Cobalt, iron, and nickel catalysts are the key components used for
clean energy generation processes, such as the Fischer-Tropsch synthesis.
Rapidly expanding polymer and chemical manufacturing sectors is also
anticipated to play an important role in the growth of the catalysts market. In
addition, supportive regulations regarding the production and usage of
catalysts are expected to augment market growth over the next eight years.
Emission regulations are the biggest
drivers for a wide range of application sectors and the usage of catalysts for
environmental and chemical applications are anticipated to have the highest
market growth. Heterogeneous product segment led the market on account of wide
product usage in the polymer industry. It is also used in the form of vanadium
oxide for the production of sulfuric acid, which is growing on account of
increasing demand of this acid in oil refining, wastewater processing, and
chemical synthesis. This is also expected to fuel the demand for heterogeneous
catalyst in the near future.
Access Research Report of Catalyst
Market@ https://www.grandviewresearch.com/industry-analysis/catalyst-market
Further key findings from the study suggest:
· Environmental was the largest application
segment in the catalyst market and accounted for 29.6% of the overall volume
share in 2016
· In terms of raw materials chemical
compounds segment is expected to attain the highest market share over the
forecast period
· The petroleum refining application segment
is expected to register a CAGR of 3.4% over the forecast period
· This application includes the use of
catalyst in cracking of feedstock components that increase the yield of
high-quality products
· MEA is expected to be the second
fastest-growing regional market during the forecast years
· Key industry participants include BASF SE;
Akzo Nobel N.V.; Clariant International Ltd.; Zeolyst International, Inc.; and
Chevron Corporation
· Key competitive strategies adopted by these
companies include capacity expansion, geographical expansion, technology
licensing, and mergers & acquisitions
· For instance, recently, BASF started a new
chemical catalysts manufacturing plant in Caojing, China to cater to growing
demand in Asia Pacific
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/catalysts-and-enzymes
Grand View Research has
segmented the global catalyst market on the basis of raw material, product,
application, and region:
Catalyst Raw Material Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
Zeolite
·
Metal
·
Chemical Compounds
·
Others
Catalyst Product Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Heterogeneous
·
Homogeneous
Catalyst Application Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
Petroleum Refining
·
Chemical Synthesis
·
Polymer & Petrochemicals
·
Environmental
Catalyst Regional Outlook (Volume, Kilotons; Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Catalyst
Market@ https://www.grandviewresearch.com/press-release/catalyst-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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