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A research study titled, “Catalyst market by Product, Application, Source Type, and Modality - Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the Catalyst Market is projected to be around $ 40.92 billion by 2025.
Crystal Market research
A research study titled, “Catalyst market by Product, Application, Source Type, and Modality -
Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states
that the Catalyst Market is projected to be around $ 40.92 billion by 2025.
For more information, click on the below link @
The global Catalyst market was worth USD 29.28 billion in the year 2016 and is anticipated to
reach roughly USD 40.92 billion by 2025, while registering itself at a compound annual growth
rate (CAGR) of 3.79% during the forecast period. Catalyst is known to be an element that
increases the rate of chemical reaction without undertaking any kind of chemical change itself.
Generally, reactions take place rapidly by utilizing catalysts as they need less energy for
The global catalyst market has encountered substantial growth due to its utilization in a number
of applications and is anticipated to witness significant growth in the upcoming years. Catalysts
are useful in the production of petrochemicals, combining of bulk chemicals, refining petroleum
and processing of polymer.
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Asia Pacific is anticipated to be the fastest growing regional market. Growing popularity in
manufacturers of active pharmaceutical ingredients in china with the aim of providing
convenient access to chemicals is anticipated to fuel the utilization of the product.
The Global Catalyst Market is segmented as follows-
On the basis of type : metals, chemical compounds, Organometallic Materials, Zeolites and
On the basis of application : Petroleum refining, Environmental, Chemical synthesis and
Major Market Players:
The key players in the catalyst market are Evonik Industries, DuPoint, Johnson Matthey, BASF,
Albemarle Corporation and W.E Grace and Company
Key findings of the Catalysts Market:
In 2015 the demand for catalysts in petrochemical and polymers was valued 1,419.1 kilo tons.
Increasing requirement for engineering plastics like polyether ether ketone (PEEK) in fields such
as electronics, automotive and aviation is anticipated to fuel the growth of the market.
Rising expenses for the enhancement of emission control catalysts with aim to increase
awareness towards the protection of the environment in the automotive field is one of the major
factors to boost the market.
Purchase the report @ https://www.crystalmarketresearch.com/checkout/CM09210
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting
services to help clients make more informed decisions. It provides both syndicated as well as
customized research studies for its customers spread across the globe. The company offers
market intelligence reports across a broad range of industries including healthcare, chemicals &
materials, technology, automotive, and energy.
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