DUBLIN--(BUSINESS WIRE)--The "Industrial Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global industrial catalyst market reached a value of US$ 18 Billion in 2017. Further, the market is expected to reach a value of US$ 23 Billion by 2023, exhibiting a CAGR of 4.5% during 2018-2023.
Rising demand for chemical products, fuels and petroleum refining capacities are some of the major factors which are increasing the usage of industrial catalysts. A demand for eco-friendly fuels further propels the growth of the market as industrial catalysts help in meeting the fuel standards, increases operational efficiency and promotes clean fuel trends. Growing consumption of fuels and other chemical products has resulted in the rapid growth of the petroleum industry, thereby boosting the demand for industrial catalysts. Technological developments, rising urbanization and growing automation are the other factors driving the market growth.
The report has segmented the global industrial catalyst market on the basis of type, covering heterogenous catalysts, homogenous catalysts and biocatalysts.
On the basis of raw material used, mixed catalysts represent the largest segment followed by oxide, metallic, sulfide and organo-metallic catalysts.
The market is further analysed on the basis of key applications, where petroleum refinery accounts for the majority of the total share. It is followed by chemical synthesis, petrochemical and others.
Region-wise, Asia-Pacific is the major market followed by North America, Europe, Latin America, and Middle East and Africa.
- Albemarle Corporation
- BASF Corporation
- Evonik and Industries
- Exxon Mobil Chemical Corporation
- AkzoNobel N.V.
- Chevron Phillips Chemical Company
- DOW Chemical Company
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Industrial Catalyst Market
6 Market Breakup by Type
7 Market Breakup by Raw Material
8 Market Breakup by Application
9 Market Breakup by Region
10 Imports and Exports
11 Industrial Catalyst Manufacturing Process
12 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/dp2n4j/global_industrial?w=4