Your Catalyst to a Lucrative Business
Hexa Research also divides the market on the basis of materials, products, applications, and regions. The
materials segment encompasses metals, zeolites, chemical compounds, and others. Chemical compounds
dominated the catalyst market in 2013. They contributed more than 40% to the total vo lumes and are
cheaper than zeolites and metals.
Chemical compounds are projected to grow the fastest, at a CAGR of 3.3% from 2014 to 2020. The market is
segmented in view of products into homogeneous, and heterogeneous. Heterogeneous catalysts possess
augmented significance in view of their use in various industry verticals. Homogeneous catalysts are
estimated to grow further.
Catalysts find applications in refinery, chemical, polymer, stationery, automotive, and environmental
sectors. Chemical, with a contribution of 1,790 kilo tons in volumes, was the leading application in 2013. This
may be attributed to growth in chemical manufacturing, particularly in Latin America and Asia Pacific. With
respect to regions, the Asian Pacific catalyst market accounted for the highest demand, i.e. more than 33% in
2013.
Europe will generate moderate demand for environmental catalysts in the years ahead. North America will be
driven by petroleum refining. The dominating market participants are Evonik Industries AG, Claria nt
International Ltd., Albemarle Corporation, INEOS Group Ltd., and Zeolyst International Inc.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/catalysts-and-
enzymes-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research
and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: [email protected]
Website - https://www.hexaresearch.com
Follow Us: