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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 
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