Catalyst Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2014 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Catalyst Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies And

Forecasts, 2014 To 2020

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.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

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....