Global Catalyst Market Research and Analysis – Industry Trends, Report, Demand, Share, Overview, Outlook and Forecast Till 2022
Research Beam added report on “World Catalyst Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Catalyst market by Type (Zeolites, Chemical Compounds), Application (Petroleum Refining, Chemical Synthesis, Polymer Catalysis and Environmental) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022”
Research Beam study says global Catalyst market was valued at $28,567 million, and is expected to reach $40,000 million by 2022, supported by a CAGR of 4.8%, Request Sample Copy @ http://www.researchbeam.com/catalysts-market/request-sample
Catalysts modulate the rate of chemical reaction by lowering or raising the activation energy of the process. However, they are not consumed during the reaction; moreover, spent catalysts can be reused after treatment. Various catalysts available in the market include zeolites, enzymes, chemical compounds, and metals that are used in industries such as automotive, industrial reactions, oil & gas, construction, and others. Biocompatibility of enzyme catalysts has made it ideal for use in manufacture of a wide range of life science and food products such as ointments, cosmetics, packaged foods, and modified dairy products.
Growth in macroeconomic trends such as global population growth coupled with surging economic progress in emerging economies, stringent environmental legislation regarding automotive emissions, and increase in number of applications in end-user industries are the factors that drive the market growth. Asia-Pacific is expected to register substantial growth in near future, owing to rise in demand for automotive from emerging economies, such as India and China. In addition, rise in living standards and rapid industrialization activities in the region also support the growth and development of catalyst market. Furthermore, development of biochemicals through catalysis presents new opportunities for future growth. However, restricted development and distribution of new catalysts hinder the market growth.
Based on the catalyst type, the market is segmented into zeolites, metal, chemical compounds, enzymes, and organometallic materials. By application, it is divided into petroleum refining, chemical synthesis, polymer catalysis, and environmental & others. Petroleum refining is further divided as fluid catalytic cracking (FCC), alkylation catalysts, hydroprocessing catalysts, catalytic reforming, and others. By chemical synthesis, the market is further classified as polyolefins, catalytic oxidation, hydrogenation catalysts, and others; polymer catalysis into Ziegler‐Natta, reaction initiator, single-site, and others; and environmental into light-duty vehicles, heavy-duty vehicles, and others.
By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, coupled with country-level analysis.
Top Investment Pockets
Environmental & others is the most attractive segment in the global catalyst industry. This industry is projected to be the first preference for new entrants owing to rise in trend toward automotive ownership, particularly in emerging countries, and development of new potential applications. Though the growth of catalyst usage in environmental sector is higher as compared to petroleum refining, the increase in shale gas exploration in U.S. and China is expected to boost the refining sector. Emission control catalysts are expected to dominate the market in revenue terms making it the top choice for investments.
KEY BENEFITS FOR STAKEHOLDERS:
- This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the catalyst market.
- In-depth analysis is conducted of catalyst market estimations for key segments between 2014 and 2022.
- Competitive intelligence (of leading manufacturers and distributors of catalysts) assists in understanding the competitive scenario across the geographies.
- Global catalyst market analysis for the factors that drive and restrain the growth of the market are provided.
- Extensive analysis of the catalyst industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the market.
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