The expansion of the automotive sector and increasing consumption of fuels, the rising production cost of petroleum derivatives through syngas, and the expansion of the chemical industry are boosting the Industrial Catalyst market.
Market Size – USD 19.00 Billion in 2019, Market Growth – CAGR of 4.0%, Market Trends – The rising demand for industrial catalyst for manufacturing ecofriendly fuels.
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.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Industrial Catalyst Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
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 á¹¤roda á¹¤lÄ…ska, 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.
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).
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.
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For the purpose of this study, the global Industrial Catalyst market has been segmented on the basis of disease type, application, distribution channel, and region:
Dilution Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Homogeneous Catalyst
- Heterogeneous Catalyst
Raw Materials Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Organometallic Material
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Chemical Synthesis
- Petroleum Refinery
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
By Region (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Industrial catalyst Market Segmentation & Impact Analysis
4.1. Industrial catalyst Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. The expansion of the automotive sector and increasing consumption of fuels
22.214.171.124. The rising production cost of petroleum derivatives through syngas
126.96.36.199. The expansion of the chemical industry
188.8.131.52. The growing demand for ecofriendly fuels
4.2.3. Market restraints analysis
184.108.40.206. COVID-19 pandemic
220.127.116.11. The fluctuating price of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price Trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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