The Global Industrial Catalyst market is forecast to reach USD 26.48 Billion by 2027, according to a new report by Reports and Data. The increasing demand for eco-friendly fuels is boosting the growth of the sector. The underlying reason being, with increasing demand for eco-friendly fuels, there has been a growing demand for this catalyst due to its effectiveness in promoting clean fuel, enhancing operational efficiency and addressing fuel standards. Furthermore, there has been growing emphasis on industrial research and expansion of chemical industries, which is also acting as a driving factor for the market growth, wherein this catalysts is used as an accelerating element between two chemical reactions and involves less energy for activation. In various sectors ranging from automotive industry, petrochemical industries, chemical industries, among others, it finds application for emission control.
The global materials & chemicals industry has gained significant traction in the recent past, mainly owing to surging demand for raw materials and chemicals in a wide range of industries including buildings & construction, food & beverages, healthcare, electrical & electronics, petrochemical, water & wastewater treatment, packaging, and textile industries. Industry revenue growth is further driven by escalating demand for cost-effective and energy-efficient products, growing use of environmentally sustainable products, increasing initiatives to reduce carbon emissions, and stringent regulations enforced by leading environmental protection agencies. Hence, growing demand for lightweight, high-performance, and durable materials and chemicals, increasing applications of specialty chemicals, and rising consumer awareness about sustainable packaging are other major factors accountable for this industry’s growth.
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Key participants include BASF SE, Albemarle Corporation, Akzonobel N.V., Exxon Mobil Chemical Corporation, Arkema SA, Chevron Phillips Chemical Company, Evonik Industries AG, The DOW Chemical Company, Clariant AG and I. Du Pont De Nemours and Company (Dupont).
Major Points Covered in the Global Industrial Catalyst Market Report:
- Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Industrial Catalyst market based on product type, technology landscape, and application range.
- Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
- Regional Analysis: In this section, the latest report highlights the extensive global presence of the Industrial Catalyst market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
- Competitive Landscape: This section of the report highlights the key players in the global Industrial Catalyst market. It further emphasizes the leading products and services offered by these companies.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalogue, production value and capacity, and other vital information.
Further key findings from the report suggest
- In regards to Type, the Heterogeneous Catalyst segment held a significance share of more than 60.0% the in 2019. The market share held by the Heterogeneous Catalyst segment is attributed to various advantages associated with it like ease of separation, reusable and stable, which results in its wide preference among end-users.
- In context to Raw Material, the Metal segment held a considerable share of the market of more than 35.0% in 2019. The market share held by the Metal segment is attributed the elevated application of metal like CO-Metal when managing CO and catalyst.
- In context to Application, the Petroleum Refinery segment held a considerable share of the market of 35.0% in 2019. The market share held by the Petroleum Refinery segment is attributed to continuous expansion of the automotive sector, rising demand for fuel and elevating refining capacity expansion which is contributing to the market share held by this segment.
- In December 2017, BASF had made an investment in Ṥroda Ṥląska, Polan, wherein the aim of the investment was expanding mobile emissions catalysts site. It aims at providing innovative catalysts solutions for supporting users to meet stringent emission regulation standards.
- In March 2017, BASF Catalysts India Private Limited inaugurated mobile emissions catalysts manufacturing site. The site was launched in Chennai, India. The focus of the expansion of upgrading production capacities of the company to support local automakers meet stricter government emissions standards.
- Deals Landscape
- BASF had acquired global styrene catalysts business of global styrene catalysts business. With the help of such acquisition the company would be able to strengthen its positioning in industrial catalyst sector.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/industrial-catalyst-market
For the purpose of this report, Reports and Data have segmented the Industrial Catalyst market on the basis of Type, Raw Materials, End-user, Application and region:
Dilution Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Homogeneous Catalyst
- Heterogeneous Catalyst
- Biocatalysts
Raw Materials Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Chemicals
- Metals
- Organometallic Material
- Zeolites
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Chemical Synthesis
- Petroleum Refinery
- Petrochemicals
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Oil and Gas Industry
- Chemical Industry
- Automotive and Transportation Industry
- Energy Industry
- Manufacturing Industry
- Pharmaceutical and Medical Industry
- Plastics and Polymer Industry
- Pharmaceutical and Medical Industry
- Agricultural Industry
- Pharmaceutical and Medical Industry
- Others
Reasons for Buying this Report:
- The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
- The study provides pin-point analysis for changing competitive dynamics.
- The report helps readers in understanding the product segments and their future growth.
- Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
- PEST analysis of the market in the five major regions.
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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