DUBLIN--(BUSINESS WIRE)--The "Catalyst Market Analysis by Raw Material, Chemical Compounds, by Product, Application, Petrochemicals & Polymers, Environmental and Segment Forecasts to 2024" report has been added to Research and Markets' offering.
The global catalyst market is expected to reach USD 34.3 billion by 2024.
The accelerating use of catalysts for reducing the cost of manufacturing chemicals, petrochemicals and polymers are expected to remain a favorable factor. Also, rising application of catalytic reforming and fluidized bed catalytic cracking for enhancing the yield of light cut and medium cut oils may promote the use of the product over the next eight years.
In terms of volume, chemical synthesis is expected to witness growth at a CAGR of 3.5% from 2016 to 2024. In September 2014, the Government of India proposed the Draft National Chemical Policy which is intended for increasing the country's global chemical output share from 3% in 2014 to 6% by 2020. The mentioned government initiative about the improvement of the chemical production output in India is expected to open new avenues for growth over the next eight years.
Catalyst demand in petrochemicals & polymers was 1,419.1 kilo tons in 2015. Rising demand for engineering plastics including polyether ether ketone (PEEK) in automotive, aviation, electronics and energy sectors is expected to result in fuelling requirement of the accelerator.
Companies Mentioned
- Albemarle Corporation
- Arkema Group
- BASF
- Chevron
- Exxon Mobil Corporation
- AkzoNobel
- Evonik Industries AG
- DuPont
- INEOS Group Limited
- Johnson Matthey PLC
- UOP LLC.
- W. R. Grace & Co. - Conn
- Air Products
- Zeolyst International Inc.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Catalyst Industry Outlook
Chapter 4. Catalyst Raw Material Outlook
Chapter 5. Catalyst Product Outlook
Chapter 6. Catalyst Application Outlook
Chapter 7. Catalyst Regional Outlook
Chapter 8. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/qjn4gg/catalyst_market
