The global catalyst market was valued at USD 20.55 billion in 2013 and is
expected to reach USD 27.59 billion by 2020 owing to its wide usage in growing
chemical and automobile sectors. They are essential components in any chemical
reaction, which generally enhances the rate of reaction without being consumed
in the process.
Rising manufacturing activities of polymers and chemicals are anticipated to play an important role in the growth of the market over the forecast period. In addition, presence of regulations supporting the manufacture and use of catalysts is expected to augment market growth over the next six years. In 2013, global demand was 6,259.3 kilo tons and is projected to reach 7,803.4 kilo tons with a CAGR of 3.2% from 2014 to 2020.
Chemical synthesis was valued at USD 1.73 billion in 2013. Catalysts are being increasingly used in chemical synthesis on account of superior characteristics including high stability, activation of alkenes and alkynes and promoting regio-, diastereo- and enantioselective processes.
Further key findings from the report suggest:
Grand View Research has segmented the global catalyst market on the basis of application, product and region:
Catalyst Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Heterogeneous Catalysts
• Homogenous Catalysts
Catalyst Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Zeolite
• Metal
• Chemical Compound
• Others
Catalyst Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Petroleum Refining
• Chemical Synthesis
• Polymer
• Environment
Catalysts Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
Rising manufacturing activities of polymers and chemicals are anticipated to play an important role in the growth of the market over the forecast period. In addition, presence of regulations supporting the manufacture and use of catalysts is expected to augment market growth over the next six years. In 2013, global demand was 6,259.3 kilo tons and is projected to reach 7,803.4 kilo tons with a CAGR of 3.2% from 2014 to 2020.
Chemical synthesis was valued at USD 1.73 billion in 2013. Catalysts are being increasingly used in chemical synthesis on account of superior characteristics including high stability, activation of alkenes and alkynes and promoting regio-, diastereo- and enantioselective processes.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/catalyst-market
Further key findings from the report suggest:
·
Environment catalysis was the largest
application accounting for 28.6% of the global demand and is anticipated to grow
with a CAGR of 3.9% from 2014 to 2020. Presence of stringent regulations for
environment protection, particularly in Europe, is expected to augment demand.
·
Demand for heterogeneous catalysts exceeded
4,900 kilo tons in 2013. They are used in automotive, stationery, chemical, and
refinery and polymer industries. Growth of these end-use industries is expected
to augment demand over the forecast period. Homogeneous catalysts are
anticipated to witness substantial growth as they are highly active and can be
used across a wide range of applications.
·
Zeolites and metals are used for emission
reduction and petro-refining process, whereas, chemical compounds and enzymes
are used in polymerization reaction and chemical synthesis process. Chemical
compounds dominated the industry accounting for 38.3% of the global industry in
2013.
·
North America catalyst demand was 1,890.3 kilo
tons in 2013 and is expected to witness substantial gains over the forecast
period on account of growing gasoline demand in the U.S. This is expected to
increase the importance of FCC and hydrocracking activities meant for
conversion of heavy crude oil into light cuts.
·
Asia Pacific accounted for over 30% of the
overall market in 2013 and is expected to witness significant gains over the next
six years on account of growing demand for fuels and polymers. Asia Pacific
accounted for 43% of global polyethylene capacity in 2008 and is expected to
touch more than 50% by 2020. Increasing refining output in India and China on
account of government support and technological advancement is expected to
augment production of polymers such as polyethylene and polypropylene. Growing
production of polypropylene and polyethylene in Asia Pacific is expected to
fuel the demand for organometallic catalysts over the forecast period.
·
Key players in the market include Eka Chemicals
AB, Zeolyst International Inc., Evonik Industries AG, W.R.Grace& Co-conn,
INEOS Group Limited, Exxon Mobil Corporation, DuPont, Chevron and Albemarle
Corporation.
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this category @ http://www.grandviewresearch.com/industry/catalysts-and-enzymes
Grand View Research has segmented the global catalyst market on the basis of application, product and region:
Catalyst Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Heterogeneous Catalysts
• Homogenous Catalysts
Catalyst Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Zeolite
• Metal
• Chemical Compound
• Others
Catalyst Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Petroleum Refining
• Chemical Synthesis
• Polymer
• Environment
Catalysts Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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