Transparency Market Research

Catalysts Market to Turn to Catalyst Regeneration to Survive Exponential Rise in Raw Material Prices : TMR

Refinery (FCC, Hydrocracking, Catalytic Reforming), Synthesis, Polymer & Environmental Catalyst Market - Global Industry Analysis by Material (Zeolites, Metal, Others), by Type (Homogenous & Heterogeneous), Catalyst Regeneration (Off-site & On-site), Size, Share, Growth, Trends and Forecast 2012 - 2018


Albany, NY -- (SBWIRE) -- 03/25/2015 -- Catalysts are the substances that speed-up or slow-down chemical reactions by providing an alternative reaction pathway for the making and breaking of chemical bonds. Catalysts provide this alternative pathway by lowering down the activation energy of the chemical reaction than that typically observed in an uncatalysed reaction. Catalysts are not consumed by the reaction and thus can be recovered in a chemically unaltered form at the end of the reaction.

Catalysts play a very important role in a number of industries. By speeding up a number of processes, catalysts help in reducing the amount of energy consumed by the process. If catalytic activities can be improved, the temperature and pressure at which chemical processes operate can also be lowered and thus lead to lower fuel consumption. The cost of fuel is one of the major costs to considered in a large-scale chemical process. Thus, numerous fundamental and applied research activities are undertaken by industries and research bodies to understand the way catalysts work and formulating ways in which their effectiveness can be improved.

There are two classes of catalysts based on whether a catalyst enhances the speed or reduces that of a reaction: catalysts that speed-up reactions are called positive catalysts and the ones that slow down reactions are called inhibitors.If a catalyst is in a different phase than that of the reactants, the process is referred to as heterogeneous catalysis. If both, the catalyst and the reactant, are in the same phase, the process is called homogeneous catalysis. Heterogeneous catalysts are often preferred in industries as the different states of the catalyst make for their easy removal from the process.

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Market Overview :

The global market for catalysts serves a variety of industries. Some of the key takers of catalysts include the industries of energy production, petroleum refinery, polymer, pharmaceutical, chemical synthesis, as well as a number of environmental bodies. Of these, the chemical synthesis industry led to the largest share of demand – an estimated 29.4% – in 2011 (Report on global market for catalysts, Transparency Market Research). The flourishing global chemical industry, especially in the Asia-Pacific regions can be seen as a major propellant for the global catalysts market.

Catalysts used for a number of environmental purposes formed another major chunk of revenues generated by the global catalysts market; around 28% of the overall volume-wise sale of a variety of catalysts was used for numerous environmental processes. Tight refining margins in the petroleum refinery industry – another major end-use industry of catalysts market – are refraining growth prospects of the global catalyst market. Around 33% share of the global consumption of catalysts was acquired by Asia Pacific due to the flourishing chemicals industry in these regions.

Catalyst Regeneration Emerges as a Prominent Trend

The exponential rise of raw materials' prices has led the rising demand for catalyst regeneration activities from many industries. Catalyst regeneration allows the recovery of unaltered catalysts from one reaction to be used for another reaction. As a result, a 30% to 50% reduction in costs needed to buy fresh catalysts is observed. Moreover, catalyst regeneration also solves the issue of land filling.

The largest volume of regenerated catalysts is produced by the global petroleum refinery industry. On a global level, at least 1,688.8 kilo tons of a variety of catalysts will be produced through catalyst regeneration. The market for catalyst regeneration market had a net worth of US$3,447.0 million in 2012 and is projected to rise to US$4,549.1 million by 2019.

Competitive Landscape

The global market for catalysts is a highly fragmented and competitive market, featuring a large number of national and international companies. Some of the key businesses operating in the market include Albemarle Corporation, Air Products and Chemicals Incorporated, Eka Chemicals AB, Clariant International Ltd., Arkema Group, BASF SE, Evonik Industries AG, Exxon Mobil Corporation, E.I. du Pont de Nemours & Company (DuPont), Johnson Matthey PLC, UOP LLC., INEOS Group Limited, Zeolyst International Inc., and Chevron.

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