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Date Submitted: 10/08/2015 11:50 PM
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.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/catalyst-marketindustry/
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....