Skip to main content

Catalyst Market Status Analysis and Forecast to 2025

Rising demand for petrochemicals from various end-use industries is expected to be a prime factor driving the market growth. Inclusion of high-grade polymers in manufacturing commodities for domestic as well as export oriented industry is anticipated to surge the product demand in future.

The global catalyst market size is expected to reach USD 34.06 billion by 2025, ascending at a CAGR of 4.5%, according to a report by Grand View Research, Inc.


Moreover, demand for clean and green fuels has shifted the trend of energy generation from conventional to clean resources. Cobalt, iron, and nickel catalysts are the key components used for clean energy generation processes, such as the Fischer-Tropsch synthesis.

Rapidly expanding polymer and chemical manufacturing sectors is also anticipated to play an important role in the growth of the catalysts market. In addition, supportive regulations regarding the production and usage of catalysts are expected to augment market growth over the next eight years.

Emission regulations are the biggest drivers for a wide range of application sectors and the usage of catalysts for environmental and chemical applications are anticipated to have the highest market growth. Heterogeneous product segment led the market on account of wide product usage in the polymer industry.

To Know More About Catalyst Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/catalyst-market 

It is also used in the form of vanadium oxide for the production of sulfuric acid, which is growing on account of increasing demand of this acid in oil refining, wastewater processing, and chemical synthesis. This is also expected to fuel the demand for heterogeneous catalyst in the near future.

Top Players of Catalyst Market:

Key industry participants include BASF SE; Akzo Nobel N.V.; Clariant International Ltd.; Zeolyst International, Inc.; and Chevron Corporation.

Market Segmentation of Catalyst Market:

The Global Catalyst Market segmented on the basis of Raw Material, Product, Application, and Region.

By Raw Material:

Zeolite
Metal
Base Metals
Precious metals
Chemical Compounds
Peroxide
Acid
Amines 

By Product:

Heterogeneous
Homogeneous

By Application:

Petroleum Refining
FCC
Alkylation
Hydrotreating
Hydrocracking
Catalytic Reforming

Chemical Synthesis
Polyolefins
Adsorbents
Chemical catalysts

Polymer & Petrochemicals
Ziegler-Natta
Reaction Initiator
Urethane
Chromium
Single-site

Environmental
Light Duty Vehicles
Heavy Duty Vehicles
Motorcycles

Inquire about Catalyst Market with Our Experts @ https://www.grandviewresearch.com/inquiry/585/ibb 
Labels:

Comments

Post a Comment

Popular posts from this blog

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more

Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...
Post a Comment
Read more

Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods whic...
Post a Comment
Read more