Press release
Industrial Catalyst Market To Be Driven By The Growing Petroleum Industry In The Forecast Period Of 2023-2028
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/industrial-catalyst-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2020): USD 19.84 Billion
Forecast CAGR (2023-2028): 4%
Forecast Market Size (2026): USD 25 Billion
Since most of the processes carried out in refineries are catalytic in nature, catalysts are used in the petroleum industry to improve oil yields. The market is currently increasing steadily due to rising demand for petroleum-based products, especially from the industrial and power generation sectors.
Apart from this, there is an increase in the production of catalytic converters, which are used in vehicle emission control systems to reduce toxic emissions. This can be attributed to rising environmental issues, as well as the introduction of strict regulations by government agencies in many countries.
In addition, the burgeoning automotive industry is propelling the industrial catalyst market forward. Over the forecast period, there will be an expected increase in demand for nano-catalysts that aid in the catalytic process in the pharmaceutical and food processing industries all over the world, which will drive the growth of the industrial catalyst market.
Industrial Catalyst Industry Definition and Major Segments
Catalysts are chemicals that influence the rate of a chemical reaction without being consumed or modified in the process, and without influencing the system's overall thermodynamics. Catalysts are made up of a variety of chemical compounds that work by adsorbing reactants on their active sites and creating products, which then desorb rapidly, releasing the site for the next catalytic cycle. In environmental applications, industrial catalysts play a critical role in reducing pollutants.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/industrial-catalyst-market
On the basis of type, the industry has been divided into:
Heterogenous Catalysts
Homogeneous Catalysts
Biocatalysts
On the basis of raw material, the industry is segmented into:
Mixed Catalysts
Oxide Catalysts
Metallic Catalysts
Sulphide Catalysts
Organometallic Catalysts
Based on application, the market can be classified into:
Petroleum Refinery
Chemical Synthesis
Petrochemicals
Others
Regionally, the market has been broken down into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Industrial Catalyst Market Trends
The increased use of catalyst in the market is due to an expansion in refinery capacity and demand for fuels. The increase in demand for industrial catalysts in numerous application industries, including as petroleum refining, chemical synthesis, and petrochemicals, is driving the growth.
Growing industrialisation, automation, and per capita energy demand, and rising fuel consumption, are all driving market expansion, particularly in emerging economies. Increased usage of such catalysts is projected as a result of rising research and development spending and quick technological advancements in manufacturing processes across numerous end-use sectors, which would significantly benefit the market. The increasing product demand is expected to create new growth opportunities for the market in the forecast period.
Key Market Players
The major players in the market are BASF SE, Albemarle Corporation, Evonik Industries AG, Arkema, Clariant, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Precision Forestry Market: https://www.marketwatch.com/press-release/precision-forestry-market-price-trends-size-share-growth-analysis-report-forecast-2023-2028-2023-04-28?mod=search_headline
Ferroalloys Market: https://www.marketwatch.com/press-release/ferroalloys-market-trends-price-share-size-growth-analysis-report-forecast-2023-2028-2023-04-28?mod=search_headline
Environmental Monitoring Market: https://www.marketwatch.com/press-release/environmental-monitoring-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-05-08?mod=search_headline
GCC PET Bottle Market: https://www.marketwatch.com/press-release/gcc-pet-bottle-market-trends-price-share-size-growth-analysis-report-and-forecast-2023-2028-2023-05-08?mod=search_headline
Indian Pasta Market: https://www.marketwatch.com/press-release/indian-pasta-market-trends-price-share-size-growth-analysis-report-and-forecast-2023-2028-2023-05-08?mod=search_headline
United States E-Cigarette and Vape Market: https://www.marketwatch.com/press-release/united-states-e-cigarette-and-vape-market-size-share-price-trends-growth-analysis-report-and-forecast-2023-2028-2023-05-08?mod=search_headline
Tea Market: https://www.marketwatch.com/press-release/tea-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-05-09?mod=search_headline
Lyocell Fibre Market: https://www.marketwatch.com/press-release/lyocell-fibre-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-05-11?mod=search_headline
Visual Effects (VFX) Market: https://www.marketwatch.com/press-release/visual-effects-vfx-market-share-size-trends-price-growth-analysis-report-and-forecast-2023-2028-2023-05-15?mod=search_headline
Contract Furniture and Furnishing Market: https://www.marketwatch.com/press-release/contract-furniture-and-furnishing-market-trends-price-share-size-growth-analysis-report-forecast-2023-2028-2023-05-15?mod=search_headline
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Catalyst Market To Be Driven By The Growing Petroleum Industry In The Forecast Period Of 2023-2028 here
News-ID: 3065143 • Views: …
More Releases from Expert Market Research
Bed and Bath Linen Market Trends, Growth & Forecast 2025-2034
The global bed and bath linen market is witnessing strong growth due to increasing consumer focus on home décor, comfort, and luxury. Rising disposable incomes, urbanization, and the booming hospitality sector are further boosting demand for premium-quality bed sheets, pillowcases, towels, and bathrobes. Technological innovations in fabrics, such as antimicrobial, wrinkle-resistant, and sustainable textiles, are shaping consumer preferences. In addition, the expansion of online distribution channels has made luxury and…
Global Fruit Juice Market Size, Report and Forecast 2025-2034
The latest report from Expert Market Research titled, "Global Fruit Juice Market Size, Report and Forecast 2025-2034," offers a comprehensive analysis of the global fruit juice market, examining it across various segments such as types, flavours, distribution channels, and key regions.
The report identifies and tracks the latest trends shaping the industry and evaluates their impact on the overall market dynamics. It also provides a thorough assessment of the market, covering…
Global Fluorspar Market Forecast 2025-2034: Growth, Trends, and Key Insights
According to the latest report by Expert Market Research (EMR), the global Fluorspar Market Size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is expected to experience significant growth by 2034, driven by the increasing demand for fluorspar across industries such as manufacturing, chemicals, and metallurgy.
Fluorspar, also known as fluorite, is a key industrial mineral composed of calcium fluoride (CaF2). It is crucial…
Why will smart pulse oximeters market hit $3.50Bn by 2034?
smart pulse oximeters market Overview
The smart pulse oximeters market has become a pivotal part of modern healthcare infrastructure, especially in the wake of increasing cardiovascular and respiratory ailments. These technologically enhanced devices measure blood oxygen saturation and pulse rate, often offering wireless connectivity to mobile apps for better health tracking. Their growing application in hospitals, ambulatory settings, and home healthcare environments reflects the market's evolving dynamics. Key drivers include the…
More Releases for Catalyst
Cr-based Alkanes Dehydrogenation Catalyst Market 2025: Innovations, Trends, and …
Los Angeles-United State: QY Research has recently published a research report titled, "Cr-based Alkanes Dehydrogenation Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" assessing various factors impacting its trajectory. The market research report is a perfect tool for digging deep into critical aspects of the global Cr-based Alkanes Dehydrogenation Catalyst market and closely understanding factors that influence its growth. Our research analysts are experienced enough…
Catalyst Market Economic Drivers Factors Influencing Catalyst Market Expansion - …
In recent years, the global Catalyst Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Catalyst Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,…
Diesel Engine Catalyst Market Report 2024 - Diesel Catalyst Market Size And Grow …
"The Business Research Company recently released a comprehensive report on the Global Diesel Engine Catalyst Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
Continuous Catalyst Regeneration (CCR) Catalyst Market Segmentation & Analysis, …
Los Angeles, USA: QY Research has recently unveiled a comprehensive report titled, "Global Continuous Catalyst Regeneration (CCR) Catalyst Market Report: Insights, Forecast to 2030." This detailed analysis examines the multiple elements shaping the future of the global Continuous Catalyst Regeneration (CCR) Catalyst market.
The Continuous Catalyst Regeneration (CCR) Catalyst report serves as an invaluable resource for industry players, providing precise and extensive research insights necessary for strategic decision-making. The analysts have…
Refinery Catalyst Market: Refinery Catalyst Market Projections: Innovations and …
Market Overview:
Refinery catalysts are used in petroleum refining operations to facilitate and accelerate chemical reactions for conversion of crude oil into useful petroleum products like gasoline, diesel, jet fuel etc. Without catalysts, refining processes would be inefficient or not commercially viable.
Get Sample Report with Global Industry Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/736
Major Players Are:
✤ BP Global and Royal Dutch Shell. Other key industry participants include YARA International
✤ Foster Wheeler AG
✤ OXEA GmbH
✤ W…
Global Homogeneous Catalyst Market, Global Homogeneous Catalyst Industry, Covid- …
Homogeneous catalysts such as transition metal complexes have been utilized for the chemical reactions on the biopolymers. Homogeneous catalysts were the catalysts of choice in the early days of metathesis reactions. They entailed of a transition metal compound and a non-transition metal compound, primarily organometallic as cocatalysts. Although, the homogeneous catalysts have high probable to speed up the reaction rate, augment selectivity, conversion rate, and diminish side reactions, they cannot…
