Industrial Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Imarc Group's picture
Printer-friendly versionPrinter-friendly version

The global industrial catalyst market has witnessed a steady growth over the past few years. This can be accredited to population growth, rising demand for fuel, cost-effectiveness and government support for environmental remediation.


City, State, New Zealand., September 28, 2017 - (PressReleasePoint) - 

According to the latest report by IMARC Group, titled Industrial Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022, the global industrial catalyst market reached a value more than US$ 18 Billion in 2016. Catalysts are chemical agents which speed up reactions by either lowering or raising its activation energy. As they do not undergo any change themselves, catalysts can be used for multiple reactions which lowers the cost of the process. They also help in reducing the production of unnecessary by-products, thereby minimizing environmental waste. Owing to these factors, industrial catalysts find numerous applications in petroleum, pharmaceutical and petrochemical industries.


Highlights of the global industrial catalyst market:

  • Development in the major end-use industries remains the key growth-inducing factor for the market.
  • Heterogenous catalysts hold the majority of the total market, representing the most popular type.
  • Asia-Pacific is the largest market, accounting for the majority of the global share.

 

Industrial catalysts are majorly used in the petroleum and chemical industries. Rapid growth in these industries along with increasing demand for fuels has largely contributed in the expansion of the market. The global population growth coupled with surging disposable incomes has also helped in the growth of petroleum industry, thereby facilitating the demand for industrial catalysts. Further, new refinery projects are emerging in the Middle East and Africa, and Asia-Pacific. Development of refinery capacities in these regions have led to an upsurge in the market. Moreover, as industrial catalysts are environment-friendly, their use has been encouraged by various government initiatives which aim to reduce carbon emissions. Further, the market is expected to reach a value of around US$ 24 Billion by 2022, exhibiting a CAGR of more than 4% during 2017-2022.

On the basis of type, heterogenous catalysts accounts for the majority of the market share. It is followed by homogenous catalysts and biocatalysts. Based on the raw material used, mixed catalysts represent the largest segment, followed by oxide, metallic, sulfide and organo-metallic catalysts. Segmented on the basis of key applications, petroleum refinery accounts for the majority of the total share. It is followed by chemical synthesis, petrochemical and others. Region-wise, Asia-Pacific is the major market followed by North America, Europe, Latin America, and Middle East and Africa. The major key players include Albemarle Corporation, Arkema, BASF Corporation, Clariant, Evonik and Industries, Exxon Mobil Chemical Corporation, AkzoNobel N.V., Chevron Phillips Chemical Company, DOW Chemical Company and DuPont.

 Request a Free Sample copy of the report: http://www.imarcgroup.com/request?type=report&id=824&flag=B

The report by IMARC group has examined the global industrial catalyst market on the basis of:

Type:

  • Heterogenous Catalysts
  • Homogenous Catalysts
  • Biocatalysts


Raw Material:

  • Mixed Catalysts
  • Oxide
  • Metallic
  • Sulfide
  • Organo-metallic Catalysts


Application:

  • Petroleum Refinery
  • Chemical Synthesis
  • Petrochemical
  • Others


Region:

  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa


Key Players:

  • Albemarle Corporation
  • Arkema
  • BASF Corporation
  • Clariant Ag
  • Evonik and Industries Ag
  • Exxon Mobil Chemical Corporation
  • AkzoNobel N.V.
  • Chevron Phillips Chemical Company
  • The DOW Chemical Company
  • DuPont

To view Report summary and table of contact, click on:  http://www.imarcgroup.com/industrial-catalyst-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Browse Related report: 

 Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022:
 http://www.imarcgroup.com/industrial-gases-market

Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022: http://www.imarcgroup.com/tartaric-acid-technical-material-market-report-2

 


Press Contact:
Kanika Sharma
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: http://www.imarcgroup.com
Follow us on twitter: @imarcglobal
+1-631-791-1145
*****@**a**g**u*.com
Email partially hidden to block spam. Please use the contact form here.
Contact Kanika Sharma
Email the contact person for this press release. Do not send spam or irrelevant message.
1 + 1 =


Copy this html code to your website/blog to embed this press release.

Comments

Post new comment

4 + 11 =

To prevent automated spam submissions leave this field empty.