Catalyst - An Overview
A catalyst is a substance that speeds up a chemical reaction without
getting consumed. Thus, it can be recovered in its original form at the
end of the reaction. Catalysts are a necessary part of all chemical
reactions in the industrial sector.
Market Drivers
The total volumes in the global catalyst market in 2013 were 6,250
kilo tons. They are expected to grow at a CAGR of 3.1% from 2014 to
2020. The market will be valued at USD 27 billion by 2020. It will
mainly be driven by growing demand for energy.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/catalyst-market-industry/
Catalysts are an integral part of petroleum refining. They are used
in various refinery processes like hydroprocessing, cracking, and
reforming. Rising environmental awareness is leading to the adoption of
green technologies. Growing need for efficient industrial processes is
contributing high demand for catalysts. Chemical synthesis is a key
application of catalysts. Growth in the chemical manufacturing industry
will also lead to higher demand for catalysts.
Market Challenges
Precious metals, an important raw material for catalysts, are subject
to fluctuating prices. This poses a problem for the market. Rapidly
depleting reserves of crude oil will adversely affect petroleum
refining. This is also bound to hamper the demand for catalysts.
Segmentation
Products
The catalyst market is divided into homogeneous, and heterogeneous
coatings, based on products. Homogenous coatings will witness high
demand due to unique properties like high activity and diverse
applications. Heterogeneous catalysts were the leading product in 2013.
Their volumes surpassed 4,850 kilo tons that year. Stationery, chemical,
polymer, and refinery are the main applications of the heterogeneous
segment.
Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/273
Materials
Main raw materials in the catalyst market are metals, zeolites,
chemical compounds, and others. Chemical compounds are split into
adsorbents, chemical synthesis catalysts, polyolefins, and others.
Chemical compounds are used in polymerization and chemical synthesis.
Chemical compounds accounted for more than 39% of the total demand in
2013. They are foreseen to grow the fastest, at a CAGR of 3.3%, over
the next five years. They are cheaper than metals and zeolites. Zeolites
and metals are widely used in the petroleum sector, especially in
emission control.
Applications
According to applications, the catalyst market is segmented into
chemical, petroleum refining, environmental, and polymer industries. In
the inorganic chemical industry, catalysts are incorporated into
processes like the conversion of ammonia into nitric acid, Haber
process, Contact process, etc.
Acidic catalysts are used in organic chemistry for benzene nitration,
esterification, acid catalyzed hydrolysis of esters, etc. In the
petrochemical sector, catalysts are used in isomerization, catalytic
cracking, etc. Chemical synthesis, with volumes exceeding 1,780 kilo
tons, was the leading application in 2013. This was chiefly due to
growing demand for chemicals, especially in the Asian Pacific and Latin
American markets.
Environmental catalysis is yet another important application. It
contributed more than 28% to the total market volumes in 2013. Growing
emphasis on the production of cleaner fuels and adoption of green
manufacturing will create demand for environmental catalysis in the
future. This segment will grow at the fastest rate, i.e. at a CAGR of
3.8% from 2014 to 2020.
Browse All Catalysts & Enzymes Industry Research Related Reports @http://www.hexaresearch.com/research-category/catalysts-and-enzymes-industry/
Geographies
The regions include Asia Pacific, Europe, North America, and ROW -
rest of the world. Asia Pacific, with 33.5 % share in total volumes, was
the leading market in 2013. It plays an important role in the overall
growth of the market. Asia Pacific is also store to almost 31% of the
global petroleum refining capacity.
The European catalyst market will be driven by strict environmental
regulations imposed by the EU - European Commission and national
governments. North America has the highest number of petroleum
refineries. Consequently, several catalyst manufacturers execute their
operations here. These factors will contribute added demand for North
America.
Competitive Landscape
Some notable players in the catalyst market are UOP LLC, Zeolyst
International Inc., INEOS Group Ltd., Evonik Industries AG, Johnson
Matthey PLC., Exxon Mobil Corporation, BASF SE, Eka Chemicals AB., and
E. I. du Pont de Nemours & Company. Other participants include
Clariant International Ltd., Arkema Group, Air Products and Chemicals
Inc., W.R. Grace & Company, and Chevron Corporation.
Browse Full Report @ http://www.hexaresearch.com/research-report/catalyst-market-industry/
About Us:
Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit our Blog: http://hexaresearchinc.blogspot.com/
No comments:
Post a Comment