Global Catalyst Regeneration Market revenue projected to go up by 2015-2020
Deerfield Beach, FL -- (SBWIRE) -- 10/04/2017 -- According to the report, the global catalyst regeneration market was valued at approximate USD 3,720.0 million in 2014 and is expected to reach approximately USD 4,700.0 million by 2020, growing at a CAGR of around 4% between 2015 and 2020. In terms of volume, global catalyst regeneration market stood at 1,475.0 kilotons in 2014. Zion Market Research has published a new report titled "Catalyst Regeneration (On-site and Off-site) Market for Petroleum Refining, Chemical Synthesis, Polymer and Environmental Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020".
Catalysts are an important part of different chemical processes in petroleum refineries, chemical & petrochemical facilities, environmental processes, etc. Large numbers of catalysts are used in wide-ranging production processes. However, catalysts tend to lose its catalytic activity over the certain period of time. These catalysts are either disposed of or recycled. The process of restoring catalytic activity of a used catalyst is called as catalytic regeneration.
Request For Free Sample Report: https://goo.gl/MeZisX
Global catalyst regeneration market is driven by several benefits associated with reuse of catalysts. Recycling of catalysts provides a cost-effective substitute for expensive virgin catalysts. Secondly, recycling saves cost involved in disposing of used catalysts. Moreover, recycling of hazardous catalysts helps to maintain environmental safety. Regenerated catalysts are growing in popularity as reactivation technologies can restore more than 90% of activity. It helps in reducing the catalyst waste stream, thus diminishing environmental impact while saving significant purchase cost of fresh catalysts. In the light of these benefits, catalyst regeneration market is expected to witness the fastest growth as compared to virgin catalysts market. However, certain environmental concerns associated with the recycling of catalysts are expected to limit the growth of this market. Moreover, rejuvenated catalysts some time may not give optimum yield as compared to fresh catalysts.
Catalyst regeneration market can be segmented such as on-site and off-site. Catalyst regeneration process can be carried out at both on-site and off-site. Off-site catalyst regeneration dominated the market with around two-third shares of the total market in 2014. Off-site catalytic regeneration is also expected to advance at a quick pace as compared to on-site catalytic regeneration market.
Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=38072
In order to give the users of this report a comprehensive view on the catalyst regeneration market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of porter's five forces model for the catalyst regeneration market has also been included. The study encompasses a market attractiveness analysis, wherein technology segments are benchmarked based on their market size, growth rate and general attractiveness.
Asia Pacific was leading the catalyst regeneration market in 2014. Asia Pacific accounted for over 30% share of the total revenue generated by the global catalysts regeneration market in 2014. The growth of catalysts regeneration in the region is mainly propelled by China and Japan. North America, Europe, Latin America and Middle East & Africa are also expected to exhibit moderate growth during the forecast period.
Browse the full report at http://www.marketresearchstore.com/report/catalyst-regeneration-market-z38072
Some of the key players in the global catalyst regeneration market include Haldor Topsoe, Eurecat U.S. Inc., TriCAT GmbH Catalyst Services, Johnson Matthey PLC, STEAG Energy Services, LLC, Albemarle Corporation, CoaLogix, Inc., Axens S.A., BASF SE, Porocel Adsorbents and Bayer Technology Services GmbH.
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)