San Francisco, 22 April , 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.
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Report On Catalyst Market Analysis:
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
o
Base Metals
o
Precious metals
·
Chemical Compounds
o
Peroxide
o
Acid
o
Amines & Others
·
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
o
FCC
o
Alkylation
o
Hydrotreating
o
Hydrocracking
o
Catalytic Reforming
o
Others
·
Chemical Synthesis
o
Polyolefins
o
Adsorbents
o
Chemical catalysts
o
Others
·
Polymer & Petrochemicals
o
Ziegler-Natta
o
Reaction Initiator
o
Urethane
o
Chromium
o
Single-site
o
Others
·
Environmental
o
Light Duty Vehicles
o
Heavy Duty Vehicles
o
Motorcycles
o
Others
Catalyst Regional Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
U.K.
o
Germany
o
France
o
Italy
o
Netherlands
o
Spain
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
o
Indonesia
o
Malaysia
o
Australia
·
Latin America
o
Brazil
·
Middle East & Africa
o
South Africa
o
Saudi Arabia
Access Full Press Release of this Report: 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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