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Catalysts are an integral part of petroleum refining. They are used in various refinery processes like hydroprocessing, cracking, and reforming. Rising environmental awareness is leading to the adoption of green technologies. Growing need for efficient industrial processes is contributing high demand for catalysts.
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Catalyst Market Share, Size, Analysis, Growth, Trends and Forecasts to
2020 | Hexa Research
“The total volumes in the global catalyst market in 2013
were 6,250 kilo tons. They are expected to grow at a CAGR
of 3.1% from 2014 to 2020.”
A catalyst is a substance that accelerates a chemical reaction and retains its original composition. A recent
study by Hexa Research notes that the worldwide demand for the Catalyst Market in 2013 was about 6,250 kilo
tons. It is expected to grow at a CAGR of 3.1% from 2014 to 2020. By 2020, the volumes will exceed 7,750 kilo
Petroleum refining is rising due to energy demand. This coupled with increasing focus on green technologies is
generating high demand for catalysts. Environmental regulations in different parts of the world lay emphasis on
emission control. This has altered several manufacturing processes across industries. Catalysts help in making
processes efficient and are therefore witnessing high demand.
Since catalysts are widely used in chemical synthesis, any growth in the chemical manufacturing sector
translates into corresponding growth for the catalyst market. Precious metals are widely used as catalysts.
Volatility in their pricing adversely affects the market. Depleting crude oil reserves will result in a drop in the
number of petroleum refineries. This will again have a negative market impact.
Browse Details of Report @ https://www.hexaresearch.com/research-report/catalyst-market-industry/
Hexa Research also divides the market on the basis of materials, products, applications, and regions. The
materials segment encompasses metals, zeolites, chemical compounds, and others. Chemical compounds
dominated the catalyst market in 2013. They contributed more than 40% to the total volumes and are cheaper
than zeolites and metals.
Chemical compounds are projected to grow the fastest, at a CAGR of 3.3% from 2014 to 2020. The market is
segmented in view of products into homogeneous, and heterogeneous. Heterogeneous catalysts possess
augmented significance in view of their use in various industry verticals. Homogeneous catalysts are estimated
to grow further.
Catalysts find applications in refinery, chemical, polymer, stationery, automotive, and environmental sectors.
Chemical, with a contribution of 1,790 kilo tons in volumes, was the leading application in 2013. This may be
attributed to growth in chemical manufacturing, particularly in Latin America and Asia Pacific. With respect to
regions, the Asian Pacific catalyst market accounted for the highest demand, i.e. more than 33% in 2013.
Europe will generate moderate demand for environmental catalysts in the years ahead. North America will be
driven by petroleum refining. The dominating market participants are Evonik Industries AG, Clariant
International Ltd., Albemarle Corporation, INEOS Group Ltd., and Zeolyst International Inc.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/catalysts-
Table of Content of Catalyst Market
Executive Summary & Catalyst Market industry critical success factors
Catalyst Market drivers
Catalyst Market restraints
Catalyst Market Key Market Opportunities
Catalyst Market Porters Analysis
Catalyst Market - PESTEL Analysis
Catalyst Market - Company Market Share Analysis
Catalyst Market Application Outlook
Catalyst Market Regional Outlook
Catalyst Market Company profiles
Research scope & assumptions
List of data sources
Hexa Research is a market research and consulting organization, offering industry reports, custom research
and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
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