Catalyst Regeneration Market By Applications (Onshore and Offshore) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
Albany, NY -- (SBWIRE) -- 01/13/2015 -- Transparency Market Research has released a new market report titled "Catalyst Regeneration in Applications (Onshore and Offshore) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019." According to the report, the global catalyst regeneration market was valued at USD 3,447.0 million in 2012 and is expected to reach USD 4,549.1 million by 2019, growing at a CAGR of 4.08% from 2013 to 2019.
Stringent environmental regulations, high cost of fresh catalyst and rising demand for regenerated catalysts in emerging nations is likely to boost market growth during the forecast period. Emission of harmful gases during the on-site regeneration process is likely to hamper market growth; however, offsite regeneration is likely to overcome this challenge. Key application segments analyzed in this study include onshore and offshore catalyst regeneration processes. Offshore catalyst regeneration segment dominated the overall market, accounting to 62.32% share in 2012. Demand for offshore catalyst regeneration is expected to increase due to stringent environmental regulations that strive to limit harmful emissions released during the on-site process.
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Owing to development in technology, relatively less cost of regenerated catalyst with compromised efficacy, is likely to burgeon the catalyst regeneration market over the coming years. Supported by strict environmental norms to curb carbon emissions, this segment is projected to dominate the overall market during the forecast period.
Asia Pacific dominated the global catalyst regeneration market in 2012, accounting for 32.15% share of the market. China and Japan held majority of market share in Asia-Pacific region. North America followed Asia Pacific, accounting for 30.73% of the total market share in 2012. Furthermore, lower prices of regenerated catalysts are anticipated to boost the catalyst regeneration market in the next two to four years. Asia Pacific offers immense potential for development and expansion of the catalyst regeneration market. Developing economies in the region are driving the market. The region is expected to account for substantial market share during the forecast period.
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Some of the key players of the market include Albemarle Corporation, Porocel Adsorbents, Catalysts & Services and Johnson Matthey. Other key participant in the market includes Axens S.A., BASF, Bayer Technology & Services GmbH, CoaLogix, Haldor Topsoe. The report provides an overview of these companies followed by their financial revenue, business strategies, and recent developments. The research analyzes and estimates the performance and market of catalyst regeneration in the global scenario, providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing in catalyst regeneration. The report presents a thorough assessment of the strategies followed by different stakeholders by segmenting the catalyst regeneration market as below:
Catalyst Regeneration Market: Application Analysis
Catalyst Regeneration Market: Regional Analysis
Rest of the World (RoW)
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