Press release
Catalyst Market flourish Global Market Till 2025 | By Type and Application With Top Most Vendors - DuPoint, BASF, W.E Grace and Company, Johnson Matthey, Albemarle Corporation and Evonik Industries
Catalyst Market
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Industry Trending Outlook:
The global catalyst market was worth USD 29.28 billion in the year of 2016 and is anticipated to reach approximately USD 40.92 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 3.79% during the forecast period.
Competitive Insights
Major players in the Catalysts market are DuPoint, BASF, W.E Grace and Company, Johnson Matthey, Albemarle Corporation and Evonik Industries. A new production site was introduced by Johnson Matthey process technologies in Brazil in the year 2014 which will produce catalysts for the refining sector for captive hydrogen production.
Regional Insights
The largest market in 2015 was held by Asia Pacific that registered 34 percent of the total volume. Developing economies like India and China are hubs for the production of the derivatives of petroleum and chemicals which is one of the factors that boosts the growth of the market in the region. Growth of refining capacities in Saudi Arabia, Qatar and Oman along with riding demand of petrochemicals is said to boost the demand in the Middle East and Africa.
Industry Trend Analysis Overview:
Increased value of catalysts in industries such as oil & gas and chemicals in order to improve the rate of reaction and decrease the lead time is anticipated to influence the growth of the sector significantly in the coming years.
A catalyst is useful as a supplementary element in a reaction between two chemicals which accelerates the process and causes less energy of activation. Catalysts are utilized in variety of applications that includes production of petrochemical, refining petroleum, combining of bulk chemicals, environment protecting reactions and polymer processing.
Acquiring prominence of the catalytic reforming process in sectors such as oil and gas in order to provide enhanced benefits of light cut oils that include superior kerosene oil, high-speed diesel and gasoline is anticipated to boost the utilization of the product.
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Market Segmentation-
By Type
Chemical compounds
Amines
Acids
Peroxides
Other Chemicals
Enzymes
Metals
Precious Metals
Base Metals
Zeolites
MFI
FAU
LTA
Other Zeolites
Organometallic Materials
By Application
Environmental
Heavy-duty vehicles
Light-duty vehicles
Others Environmental
Polymer Catalysts
Reaction Initiator
Ziegler‐Natta
Single-site
Other Polymer Catalyst
Petroleum Refining
Alkylation Catalysts
Fluid Catalytic Cracking (FCC)
Catalytic Reforming
Hydroprocessing Catalysts
Other Petroleum Refining
Chemical synthesis
Polyolefins
Hydrogenation Catalysts
Catalytic Oxidation
Other Chemical Synthesis
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Application Outlook and Trend Analysis
A share of 29.1 percent of the total volume was held by chemical combining in the year 2015. Catalysts are extensively being utilized in chemical combining due to its exceptional benefits like convenient activation of alkenes and alkynes and high stability. The use of catalysts for environmental applications is said to encounter significant growth in the coming years. Increasing implementation of catalysts for applications like treatment of municipal and industrial waste is anticipated to drive the growth of the market.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4.Catalyst Market, By Type
4.1.Introduction
4.2.Catalyst Market Assessment and Forecast, By Type, 2016-2025
4.3.Chemical compounds
4.3.1. Market Assessment and Forecast, By Type, 2016-2025 ($Million)
4.3.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.3.3. Amines
4.3.3.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.3.4. Acids
4.3.4.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.3.5. Peroxides
4.3.5.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.3.6. Other Chemicals
4.3.6.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4.Pressure and Force Sensors
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.5.Temperature and Humidity Sensors
4.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.6.Enzymes
4.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.7.Metals
4.7.1. Market Assessment and Forecast, By Type, 2016-2025 ($Million)
4.7.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.7.3. Precious Metals
4.7.3.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.7.4. Base Metals
4.7.4.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.Catalyst Market, By Application
6.Catalyst Market, By Region
…..CONTINUED FOR TOC
Additionally, increased expenditure for the manufacturing of the derivatives of petroleum via syngas is anticipated to fuel the usage of catalyst in the future. Varying prices of raw materials, specifically zeolite along with other precious metals, because of their rising demand in various applications like construction, chemicals and automotive is said to result in product supply to manufacturers which will be limited. As a result, this may increase the price of catalysts which may inhibit the growth of this market.
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