DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fmvm5f/industrial) has announced the addition of the "Industrial Catalyst Market - Global Trends and Forecasts to 2020" report to their offering.
The industrial catalyst market is projected to reach USD 22 billion by 2020, registering a CAGR of 4.2% between 2015 and 2020.
Petroleum refinery is the largest application segment for industrial catalyst owing to the increase in refinery capacity and the demand for fuels. The demand is growing rapidly in the Middle East & Africa and Asia-Pacific, particularly in China and India, whereas, the demand for fuel in Europe has declined over the past few years. Most of the new refinery investments are taking place in Middle East & Africa, and Asia-Pacific.
The factor driving the growth of the industrial catalyst in petroleum refining applications are the increasing demand for fuels and chemical products. The increase in refinery capacity has also led to an increase in the use of catalyst in this application. Industrial catalyst play a vital role in helping refiners meet fuel standards, better managing operational efficiency, enhancing conversion and selectivity, and in keeping pace with the changing clean fuel trends.
The Asia-Pacific region is the fastest-growing market of industrial catalyst, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing industrial catalyst patents, expansion, and global shift of demand and production capacity from the developed markets to the emerging markets are a few factors leading to the growth of industrial catalyst in this region.
China dominates the industrial catalyst market in Asia-Pacific. Its consumption of industrial catalyst has grown exceptionally and is expected to witness further growth in the near future.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Catalyst Market, By Material
8 Industrial Catalyst Market, By Type
9 Industrial Catalyst Market, By Application
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Akzonobel N.V.
- Albemarle Corporation
- Arkema Sa
- Basf Se
- Chevron Phillips Chemical Company
- Clariant Ag
- E.I. Du Pont De Nemours And Company (Dupont)
- Evonik Industries Ag
- Exxon Mobil Chemical Corporation
The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/fmvm5f/industrial