Global Catalyst Market Size 24.1 Billion By 2018 – Transparency Market Research

Catalysis Research

Catalysis Research (Photo credit: EMSL)

This report by Transparency Market Research analyzes the catalysts market for petroleum refineries, chemical synthesis, polymer and environmental applications on a global scale and aims to present a comprehensive collection of data and analyses of various market parameters. The report strives to elaborate on the demand and supply characteristics of catalysts by providing historical data from 2009 and a forecast of market numbers until 2018 along with analysis of revenues and volumes.

The catalyst market by materials is dominated by chemical compounds, zeolites and metals. The chemical compound catalyst market is further segmented into polyolefins, adsorbents, chemical synthesis catalysts and others.
.
 .
The catalysts market by application is divided among the four major segments of environmental, chemical synthesis, petroleum refining and polymers. Of these the environmental segment is expected to be the leading market in the world and holds sway over chemical synthesis and the other two segments. The report outlines the market segmentation and provides a thorough analysis of revenues and volumes.
 .
The catalyst market can be classified into heterogeneous and homogeneous coatings based on their type. Heterogeneous catalysts are increasing in importance with uses in automotive, chemical, polymer, refinery and stationary industry and are found to be the major market segment globally in the catalysts market. Homogeneous catalysts are also growing in popularity owing to their unique features such as selectivity, high activity and varied application.
 .
Ever rising prices of raw materials is forcing refiners to go in for catalyst regeneration, which costs 30% to 50% less than fresh catalysts. Moreover, catalyst regeneration helps refiners to deal with the problem of land filling. The catalyst regeneration industry is dominated by petroleum refineries. Off-site and on-site are the two major technologies employed in catalyst regeneration with off-site technology dominating the market in 2011.
 .
The major geographical segments analyzed in this report are North America, Europe, Asia-Pacific and Rest of the World (RoW). The strong economic growth in the region and growing healthcare awareness play a vital role in the emergence of Asia-Pacific as a large market for catalysts. North America and Europe are the other major markets following Asia-Pacific, in catalyst sales.
.
The global catalysts market is dominated by Asia Pacific, which accounted for 33% of total volume consumed across the world in 2011. Growth of the catalysts market in Asia Pacific is mainly driven by growing demand from the chemicals industry. Asia Pacific is leading the global chemical industry in terms of both production and consumption. The demand for catalysts in Asia Pacific is expected grow at a rapid pace as compared to North America and Europe. Asia Pacific was followed by North Americawith 30.6% share in total volume consumption. Growth of the catalysts market in North America is mainly driven by growing demand for catalysts from petroleum refineries. Europe is another important geography, where increasingly stringent regulations are driving demand for environmental catalysts.
 .
In terms of application, chemical synthesis segment dominated the global market, accounting for 29.4% of total catalyst volume consumed in 2011. Strong demand from Asia Pacific is expected to be a major growth driver for chemical synthesis catalysts. Environmental catalysts formed another critical market segment, accounting for 28.7% share of total catalysts volume consumed in 2011. The major driving factor for the growth of environmental catalysts is the various regulations introduced by different countries for effective emission control to safeguard the eco system. Petroleum refinery is another important market for catalysts. However, demand for petroleum refinery catalysts is expected to move at a sluggish rate owing to tight refining margins.
Catalyst regeneration market is expected to reach 1,688.8 kilo tons in 2018, growing at a CAGR of 3.5% from 2012 to 2018. Off-site regeneration dominated the market, accounting for 63.9% of total regenerated volumes in 2011.
.
.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s