Global Catalyst Market – Industry analysis and Forecast by Type, Application and Region
Global Catalyst Market was valued at US$ 22.56 Bn in 2017, and is estimated to reach US$ 33.11 Bn by 2026 growing at a CAGR of 4.91 % during forecast.
Expanding polymer and chemical manufacturing coupled with emission regulations drives the growth of the catalysts market. Demand for clean and green fuels has shifted the trend of energy generation from conventional to clean resources. Favorable regulations regarding the production and usage of catalysts are estimated to accelerate the market growth over the forecast. Furthermore, development of biochemical through catalysis presents new opportunities for future growth. However, restricted development and distribution of new catalysts hampers the market growth.
Metals catalyst held the major share in catalyst market. Metals catalyst are base metals and precious metals. Metals catalyst offers efficient surface area for chemical reaction which plays an important role in chemical synthesis or process. However, technological advancement in zeolite catalyst is foreseen to shift the preference thereby fuelling the market growth of zeolite catalyst segment. Zeolite based catalyst finds its extensive usage in FCC units. Zeolite life of up to 6 years has been obtained commercially by processing heavy gas oils. Zeolite used for refining process are generally of the type Y and these zeolites have up to 10,000 times more activity than conventional catalyst.
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Heterogeneous product segment led the market and is projected to witness faster growth, during the forecast period. Heterogeneous catalysts are solids contain more than one phase and can be added into solid or liquid reaction mixtures hence has wide number of usage in the polymer and chemical processing industry. Heterogeneous catalyst are easily separable nature from reactants so that the recovery process becomes straightforward and purification steps are minimized.
Environmental is the most lucrative segment in the global catalyst market. Trend toward automotive ownership, particularly in emerging countries, and development of new potential applications. Increase in shale gas exploration in U.S. and China is expected to boost the refining sector. Emission control catalysts are estimated to dominate the market in revenue terms making it the prime choice for investments. Petroleum refining segment is second largest in catalyst market.
Asia-Pacific is forecasted to gain growth owing to rise in demand for automotive from emerging economies, such as India and China. In addition, rapid industrialization activities supports the growth and development of catalyst market. Stringent environmental legislation regarding automotive emissions, and increase in number of applications in end-user industries are the factors that propelling the market growth.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding catalyst market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in catalyst market.
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Scope of the Report Global Catalyst Market:
Global Catalyst Market, By Product:
• Metal
o Base Metals
o Precious metals
• Chemical Compounds
o Peroxide
o Acid
o Amines & Others
• Zeolite
• Other
Global Catalyst Market, By Type:
• Heterogeneous
• Homogeneous
Global Catalyst Market, By Application:
• 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
Global Catalyst market by Region:
• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
Key Player analyzed in the Report:
• BASF SE
• Albemarle Corporation
• Johnson Matthey PLC
• Evonik Industries AG
• Dow Chemicals
• Clariant AG
• Dorf Ketal Chemicals Llc
• W.R. Grace & Company
• Chevron Phillips Chemical Company LP
• Exxon Mobil Corporation.
• Borealis AG
• Sinopec Corp
• Royal Dutch Shell PLC
• Honeywell International Incorporated
• Total SA
• CRI Catalyst Company
• Zeolyst International Inc.
• E. I. du Pont de Nemours and Company
MAJOR TOC OF THE REPORT
Chapter One: Catalyst Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Catalyst Market Competition, by Players
Chapter Four: Global Catalyst Market Size by Regions
Chapter Five: North America Catalyst Revenue by Countries
Chapter Six: Europe Catalyst Revenue by Countries
Chapter Seven: Asia-Pacific Catalyst Revenue by Countries
Chapter Eight: South America Catalyst Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Catalyst by Countries
Chapter Ten: Global Catalyst Market Segment by Type
Chapter Eleven: Global Catalyst Market Segment by Application
Chapter Twelve: Global Catalyst Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Catalyst Market Report at: https://www.maximizemarketresearch.com/market-report/global-catalyst-market/27110/
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