Market Research Reports : Hexa Research Catalyst Market and forecasts to 2020 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future market. Depleting crude oil reserves will result in a drop in the number of pe troleum refineries. This will again have a negative market impact. Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/catalysts-and-enzymes-industry 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 volumes 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 re spect 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, Clariant International Ltd., Albemarle Corporation, INEOS Group Ltd., and Zeolyst International Inc. Browse Full Report @ https://www.hexaresearch.com/research-report/catalyst-marketindustry/ Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/