Catalysis is the change in rate of any chemical reaction owing to inclusion of one or more external substances that are termed as catalysts. Chemical reactions usually involve consumption of the constituents to form new molecular structures.
Albany, NY -- (SBWIRE) -- 11/28/2016 -- The catalyst market by materials is dominated by chemical compounds, zeolites and metals. The chemical compound catalyst market is further segmented into polyolefins, adsorbents, chemical synthesis catalysts and others.
The catalysts market by application is divided among the four major segments of environmental, chemical synthesis, petroleum refining and polymers. Of these the environmental segment is expected to be the leading market in the world and holds sway over chemical synthesis and the other two segments. The report outlines the market segmentation and provides a thorough analysis of revenues and volumes.
The catalyst market can be classified into heterogeneous and homogeneous coatings based on their type. Heterogeneous catalysts are increasing in importance with uses in automotive, chemical, polymer, refinery and stationary industry and are found to be the major market segment globally in the catalysts market. Homogeneous catalysts are also growing in popularity owing to their unique features such as selectivity, high activity and varied application.
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Ever rising prices of raw materials is forcing refiners to go in for catalyst regeneration, which costs 30% to 50% less than fresh catalysts. Moreover, catalyst regeneration helps refiners to deal with the problem of land filling. The catalyst regeneration industry is dominated by petroleum refineries. Off-site and on-site are the two major technologies employed in catalyst regeneration with off-site technology dominating the market in 2011.
The major geographical segments analyzed in this report are North America, Europe, Asia-Pacific and Rest of the World (RoW). The strong economic growth in the region and growing healthcare awareness play a vital role in the emergence of Asia-Pacific as a large market for catalysts. North America and Europe are the other major markets following Asia-Pacific, in catalyst sales.
The report also aims to provide a detailed analysis of market revenue shares of companies such as Air Products and Chemicals Incorporated, Albemarle Corporation, Arkema Group, BASF SE, Chevron, Clariant International Ltd., Eka Chemicals AB, Exxon Mobil Corporation, Evonik Industries AG, E.I. du Pont de Nemours & Company (DuPont), INEOS Group Limited, Johnson Matthey PLC, UOP LLC., W. R. Grace & Co. – Conn and Zeolyst International Inc.
For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.
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