Global Catalyst Market By Material (Zeolites, Metal, Chemical Compounds and Others), Type (Heterogeneous and Homogeneous) and Application (Petroleum Refinery, Chemical Synthesis, Polymer Catalysts, and Environmental Catalysts)

Market Scenario
A catalyst is some material that increases the rate of a reaction without itself being consumed. Catalysts are used to make everything from plastic to drugs and also aid process petroleum and coal into liquid fuels. Natural catalysts are known as enzymes, responsible for many essential biochemical reactions. Catalysts are of two types: homogeneous or heterogeneous. 

Chemical reactions take place when chemical bonds transforms (that is, some chemical bonds are broken and other chemical bonds are formed) when atoms, ions or molecules run into each other and interact. Rate of reaction can be increased by increasing the frequency of collisions between reactants e.g. by increasing the concentration of the reactants and increasing the temperature.

Catalysts market is not as standardized as many other industries are, as they are separated from the final products, but political and environmental factors are driving the petroleum refining industry for the past decade, with greater emphasis on cleaner burning fuels. The U.S. has the world’s largest refining capacity, refining just less than one-fourth of crude oil in the entire world. Although the major products of the oil-refining sector are transportation fuels, its byproducts are also used in other applications and as feedstock for the chemical industries. The EU and EPAA regulations regarding reduction of sulfur and aromatics in fuels is driving the research and development for cost effective bio-fuels.

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Market Segmentation
Global Catalyst market has been segmented majorly on the basis of material, type and application. On the basis of material catalyst market is segmented as: zeolites, metal, chemical compounds and others. By type the market is bifurcated as heterogeneous and homogeneous. . By application the Catalyst market is segmented as petroleum refinery, chemical synthesis, polymer catalysts, and environmental catalysts. Geographically, global Catalyst market is divided as North America, Europe, Asia-Pacific, and LAMEA. 

Regional Analysis
In terms of geography market is divided into North America, Europe, Asia-Pacific and LAMEA. Growth of Catalyst market in Asia Pacific is influenced by factors such as industrial growth in countries like India and China, improvement in infrastructure, and stable economic growth. 

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Key Players
Prominent player from Catalyst market are BASF SE, W R Grace, Johnson Matthey, Albemarle Corporation, Haldor Topsoe, and Honeywell (UOP LLC), , Evonik Industries AG, Dow Chemicals, Clariant AG, Dorf Ketal Chemicals Llc, Chevron Phillips Chemical Company LP, and Exxon Mobil Corporation. 

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