Catalyst Regeneration Market Analysis, Segments, Growth and Value Chain 2016-2020
Catalyst Regeneration Market 2016 Industry Size, Shares, Segment & Forecast up to 2020
Deerfield Beach, FL -- (SBWire) -- 07/08/2016 --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
Free sample @ http://www.marketresearchstore.com/report/catalyst-regeneration-market-z38072#RequestSample
Zion 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". 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 kilo tons in 2014.
Catalysts are widely used in different chemical processes in petroleum refineries, chemical & petrochemical facilities, environmental processes, etc. Catalysts lose its 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.
Browse the full "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" report at http://www.marketresearchstore.com/report/catalyst-regeneration-market-z38072
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. Recycling of catalysts provides cost effective substitute for expensive virgin catalysts. Moreover, recycling saves cost involved in disposal of used catalysts. In the light of these benefits, catalyst regeneration market is expected to witness 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 quick pace as compared to on-site catalytic regeneration market.
Petroleum refining, chemical synthesis, polymer and environmental are key application markets for catalyst regeneration. Petroleum refining segment dominated the catalyst regeneration market with over 75% share of the market in 2014. However, environmental segment is expected to witness rapid growth between 2015 and 2020.
3422 SW 15 Street,Suite #8138
Deerfield Beach,Florida 33442
Toll Free: 855-465-4651 (USA-CANADA)
Media Relations Contact
Market Research Store
View this press release online at: http://rwire.com/704902