Your Catalyst to a Lucrative Business
Catalyst Market Share, Size,Growth, Key Players, Outlook and
Forecasts to 2020 | Hexa Research
“ Catalyst Market - Revenues To Surpass USD 27 Billion By 2020”
02 January 2018
A catalyst is a substance that accelerates a chemical reaction and retains its original composition. A recent
study by Hexa Research notes that the worldwide demand for the catalyst market in 2013 was about 6,250
kilo tons. It is expected to grow at a CAGR of 3.1% from 2014 to 2020. By 2020, the volumes will exceed 7,750
kilo tons.
Petroleum refining is rising due to energy demand. This coupled with increasing focus on green technologies
is generating high demand for catalysts. Environmental regulations in different parts of the world lay
emphasis on emission control. This has altered several manufacturing processes across industries. Catalysts
help in making processes efficient and are therefore witnessing high demand.
Since catalysts are widely used in chemical synthesis, any growth in the chemical manufacturing sector
translates into corresponding growth for the catalyst market. Precious metals are widely used as catalysts.
Volatility in their pricing adversely affects the market. Depleting crude oil reserves will result in a drop in the
number of petroleum refineries. This will again have a negative market impact.
Browse Details of Report @ https://www.hexaresearch.com/research-report/catalyst-market-industry
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