Global $48 Billion Catalyst Market to 2027 with Albemarle Corporation and Royal Dutch Shell Dominating
DUBLIN, Feb. 17, 2021 /PRNewswire/ -- The "Catalyst Market Size, Share & Trends Analysis Report by Raw Material (Chemical Compounds, Zeolites, Metals), by Product (Heterogeneous, Homogeneous), by Application, by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global catalyst market size is expected to reach USD 48.0 billion by 2027, expanding at a CAGR of 4.4%.
Increasing the manufacturing of polymers is projected to play a vital role in the growth of the market. In addition, the presence of regulations supporting the manufacturing and use of catalysts is expected to augment market growth over the next eight years.
Catalysts are increasingly being used to reduce the processing time of crude oil refining along with improving refining equipment efficiency. Favorable environmental regulations regarding the non-harmful effects of catalysts in various industries have been driving the market over the past few years. The European Catalyst Manufacturers Association (ECMA) promotes the use of catalysts in various industries in order to cut down emissions and reduce pollution. Additionally, the introduction of biocatalysts is expected to open new avenues for the market over the forecast period.
Prominent growth in the market is likely to be witnessed in North America, Europe, and Japan on account of low sulfur mandates. However, emerging markets of Asia Pacific countries such as China and India are expected to project strongest growth for chemical synthesis and polymers and petrochemical catalysts. Petroleum refining catalysts remain a highly attractive segment, especially in oil and gas dominant countries such as the Kingdom of Saudi Arabia, Oman, and Kuwait.
Declining crude oil demand in addition to trade halts, supply chain disruptions, and industrial shutdowns caused by the impact of COVID-19 in some of the major economies such as the U.S, Iran, India, U.K, Germany, Italy, and China are likely to challenge market growth in 2020.
The market is highly influenced by dominated suppliers such as Albemarle Corporation and Royal Dutch Shell PLC. The major players dominate the market with a substantial presence throughout the value chain. This offers companies with benefits starting from the procurement of raw materials to the manufacturing of the final product, thus, sustaining the economies of scale to the finest level.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Catalysts Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Vendor Landscape
3.4. Technology Overview
3.5. Regulatory Framework
3.5.1. REACH
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.7. Business Environment Analysis
3.7.2. PESTEL Analysis
Chapter 4. Catalysts Market: Raw Material Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Product Movement Analysis & Market Share, 2019 & 2027
4.3. Market size & forecasts and trend analysis, 2016 to 2027 for the following:
4.3.1. Chemical compounds
4.3.1.1. Peroxides
4.3.1.2. Acids
4.3.1.3. Amines and others
4.3.2. Metals
4.3.2.1. Precious metals
4.3.2.2. Base metals
4.3.3. Zeolites
4.3.4. Others
Chapter 5. Catalysts Market: Product by Application Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Product by Application Movement Analysis & Market Share, 2019 & 2027
5.3. Market size & forecasts and trend analysis, 2016 to 2027 for the following:
5.3.1. Heterogeneous Catalyst
5.3.1.1. Chemical synthesis
5.3.1.1.1. Chemical catalysts
5.3.1.1.2. Adsorbents
5.3.1.1.3. Syngas production
5.3.1.1.4. Bed grading
5.3.1.1.5. Others
5.3.1.2. Petroleum refining
5.3.1.2.1. FCC
5.3.1.2.2. Alkylation
5.3.1.2.3. Hydrotreating
5.3.1.2.4. Catalytic Reforming
5.3.1.2.5. Purification
5.3.1.2.6. Others
5.3.1.3. Polymers and petrochemicals
5.3.1.3.1. Ziegler Natta
5.3.1.3.2. Reaction Initiator
5.3.1.3.3. Chromium
5.3.1.3.4. Urethane
5.3.1.3.5. Others
5.3.1.4. Environmental
5.3.1.4.1. Light duty vehicles
5.3.1.4.2. Motorcycles
5.3.1.4.3. Heavy duty vehicles
5.3.1.4.4. Others
5.3.2. Homogeneous Catalyst
5.3.2.1. Chemical synthesis
5.3.2.1.1. Chemical catalysts
5.3.2.1.2. Adsorbents
5.3.2.1.3. Syngas production
5.3.2.1.4. Others
5.3.2.2. Petroleum refining
5.3.2.2.1. FCC
5.3.2.2.2. Alkylation
5.3.2.2.3. Hydrotreating
5.3.2.2.4. Catalytic Reforming
5.3.2.2.5. Bed grading
5.3.2.2.6. Purification
5.3.2.2.7. Others
5.3.2.3. Polymers and petrochemicals
5.3.2.3.1. Ziegler Natta
5.3.2.3.2. Reaction Initiator
5.3.2.3.3. Chromium
5.3.2.3.4. Urethane
5.3.2.3.5. Solid Phosphorous Acid catalyst
5.3.2.3.6. Others
5.3.2.4. Environmental
5.3.2.4.1. Light duty vehicles
5.3.2.4.2. Motorcycles
5.3.2.4.3. Heavy duty vehicles
5.3.2.4.4. Others
Chapter 6. Catalysts Market: Regional Estimates & Trend Analysis
6.1. Regional Market Snapshot
6.2. Regional Market Share and Top 5 Players, 2019
Chapter 7. Competitive Analysis
7.1 Key global players & recent developments & their impact on the industry- Synergy Analysis
7.2 Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3 Vendor Landscape
7.4 Key Company Market Share, 2019
Chapter 8. Company Profile
- Albemarle
- BASF SE
- Evonik Industries AG
- Lyondell Basell
- Arkema
- The Dow Chemical
- Haldor Topse
- W.R. Grace
- Johnson Matthey
- Axens
- Honeywell UOP
- Zeolyst International
- Clariant
- Umicore
- Exxon Mobil
For more information about this report visit https://www.researchandmarkets.com/r/ynyazn
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article