Home » Global Catalyst Market To Be Driven By The Increasing Demand For Environmental Catalysts In The Forecast Period Of 2021-2026

Global Catalyst Market To Be Driven By The Increasing Demand For Environmental Catalysts In The Forecast Period Of 2021-2026

by aliceaddy
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Reflective Material Market

The new report by Expert Market Research titled, ‘Global Catalyst Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report and Forecast 2021-2026’, gives an in-depth analysis of the global catalyst market, assessing the market based on its segments like material, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/catalyst-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

Historical Market Size (2020): USD 34 billion
Forecast CAGR (2021-2026): 5%

Manufacturers all over the world are looking for process improvement, yield enhancement, cost-cutting, and energy-saving catalysts for chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental applications. As a result of changing energy trends involving renewable fuels such as biodiesel and shale gas fuel, catalyst demand has increased. Over the forecast period, demand for the product in petrochemical and chemical applications will be driven by manufacturers seeking to add value to their feedstock or refining by processing value-added petrochemicals and chemicals such as methanol and polyolefins.

Industry Definition and Major Segments

A catalyst refers to a substance that increases the rate of a chemical reaction without itself undergoing any permanent chemical change.

By material, the market is divided into:

Chemical Compounds
Metals
Zeolites
Others

The chemical compounds segment can be further categorised into peroxides, acids, amines, and others.

The metals segment is further classified into precious metals and base metals.

Based on product, the industry can be segmented into:

Heterogeneous
Homogeneous

The heterogeneous and homogeneous catalyst segment can be further divided on the basis of application into chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental.

Regionally, the market is categorised into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The rising use of catalysts in diverse industries such as chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental applications for process optimisation, yield improvement, cost-cutting, and energy-saving is a major factor driving the industry’s growth. To extend their market scope and compete effectively in a highly competitive market, companies are expanding their catalyst production capacities through mergers and acquisitions. For example, in 2018, W.R. Grace Co. announced the acquisition of Albemarle Corporation’s catalyst business. This acquisition has benefitted the company’s polyolefin catalysts and components business.

Key Market Players

The major players in the market are Albemarle Corporation, Evonik Industries AG, Honeywell International Inc., BASF SE, and The Dow Chemical Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Alice Addy, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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