Catalyst Market to Reach $40,000 Million, Globally by 2022 | Top Key Players [BASF SE, Albemarle Corporation, Johnson Matthey PLC, Evonik Industries AG, Dow Chemicals Company, Clariant AG, Dorf Ketal Chemicals Llc, W.R. Grace & Company, Chevron Phillips C

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%. 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.

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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.

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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.

Table of Content

Chapter: 1 INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Key market segments
1.4. Research Methodology

1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO Perspective

Chapter: 3 MARKET OVERVIEW

3.1. Market Definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top player positioning
3.2.3. Top winning strategy
3.2.4. Porters Five Forces Analysis

3.2.4.1. Bargaining power of suppliers
3.2.4.2. Bargaining power of buyers
3.2.4.3. Threat of substitutes
3.2.4.4. Threat of new entrants
3.2.4.5. Competitive rivalry

3.2.5. Market Dynamics

3.2.5.1. Drivers

3.2.5.1.1. Macr Otrends Steer Economic Growth Toward Higher Utilization of Catalytic Processes
3.2.5.1.2. Stringent Environmental Legislation Regarding Automotive Emissions
3.2.5.1.3. Increase In Number of Applications in End User Industries

3.2.5.2. Restraints

3.2.5.2.1. Contained Development and Distribution of New Catalysts

3.2.5.3. Opportunity

3.2.5.3.1. Development of Biochemicals Through Catalysis

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