A research study titled, “Catalyst Market by Product, Application, Source Type, and Modality – Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the Catalyst Market is projected to be around $ 40.92 billion by 2025.
Catalyst Market: Report Overview:
The global catalyst market was worth USD 29.28 billion in the year of 2016 and is anticipated to reach approximately USD 40.92 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 3.79% during the forecast period. Increased value of catalysts in industries such as oil & gas and chemicals in order to improve the rate of reaction and decrease the lead time is anticipated to influence the growth of the sector significantly in the coming years.
A catalyst is useful as a supplementary element in a reaction between two chemicals which accelerates the process and causes less energy of activation. Catalysts are utilized in variety of applications that includes production of petrochemical, refining petroleum, combining of bulk chemicals, environment protecting reactions and polymer processing. Acquiring prominence of the catalytic reforming process in sectors such as oil and gas in order to provide enhanced benefits of light cut oils that include superior kerosene oil, high-speed diesel and gasoline is anticipated to boost the utilization of the product.
Check sample pages of this report:
Catalyst Market: Regional Outlook:
The largest market in 2015 was held by Asia Pacific that registered 34 percent of the total volume. Developing economies like India and China are hubs for the production of the derivatives of petroleum and chemicals which is one of the factors that boosts the growth of the market in the region. Growth of refining capacities in Saudi Arabia, Qatar and Oman along with riding demand of petrochemicals is said to boost the demand in the Middle East and Africa.
Catalyst Market: Top Major Market Players:
Major players in the Catalysts market are DuPoint, BASF, W.E Grace and Company, Johnson Matthey, Albemarle Corporation and Evonik Industries. A new production site was introduced by Johnson Matthey process technologies in Brazil in the year 2014 which will produce catalysts for the refining sector for captive hydrogen production.
Key Findings of the Research Study:
What was the Catalyst market size in 2016 and forecast from 2017 to 2025?
What will be the industry Catalyst market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the Catalyst market forecast?
What are the major segments leading the Catalyst market growth and why?
Which are the leading players in the Catalyst market and what are the major strategies adopted by them to sustain the Catalyst market competition?
List of Tables:
Table 1.Catalyst Market, By Type ($Million), 2016-2025
Table 2.Chemical compounds Market, By Region ($Million), 2016-2025
Table 3.Amines Market, By Region ($Million), 2016-2025
Table 4.Acids Market, By Region ($Million), 2016-2025
Table 5.Peroxides Market, By Region ($Million), 2016-2025
Table 6.Other Chemicals Market, By Region ($Million), 2016-2025
Table 7.Enzymes Market, By Region ($Million), 2016-2025
Table 8.Metals Market, By Region ($Million), 2016-2025
Table 9.Precious Metals Market, By Region ($Million), 2016-2025
Table 10.Base Metals Market, By Region ($Million), 2016-2025
List of Figures:
Figure 1.Catalyst Market Share, By Type, 2016 & 2025 ($Million)
Figure 2.Catalyst Market, By Application, 2016 & 2025 ($Million)
Figure 3.Catalyst Market, By Region, 2016, ($Million)
Figure 4.Albemarle Corporation: Net Revenues, 2014-2016 ($Million)
Figure 5.Albemarle Corporation: Net Revenue Share, By Segment, 2016
Figure 6.Albemarle Corporation: Net Revenue Share, By Geography, 2016
Figure 7.Arkema Group: Net Revenues, 2014-2016 ($Million)
Figure 8.Arkema Group: Net Revenue Share, By Segment, 2016
About Crystal Market Research:
Crystal offers one-stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107, United States.
Toll Free: +1-888-213-4282
Author: stephenbThis author has published 121 articles so far. More info about the author is coming soon.