Market Research Reports : Hexa Research Catalyst Market and forecasts to 2020

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Catalyst Market Share, Size, Analysis, Growth, Trends and Forecasts, 2014 to 2020 | Hexa Research 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 Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/