Industrial Catalyst Market
Global Industrial Catalyst Market: Segmentation
The global industrial catalyst market is categorized based on applications such as chemical synthesis, petrochemicals, petroleum refining, and others. Based on the material, the global market is classified as organometallic materials, metal, chemical, and zeolites. Further, the global industrial catalyst market is segmented based on types as homogeneous, and heterogeneous. Furthermore, the global market is fragmented based on geography as North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
Global Industrial Catalyst Market: Growth Factors
Increasing demand for industrial catalysts in the chemical industries is anticipated to boost global market. Increasing significance and economic importance of catalysts in many industries is also fostering the global industrial catalyst market in future. In addition, they are extensively used in the oil & gas industries in order to improve chemical reaction and speed up process; this may propel the global industrial catalyst market growth. Increasing production cost for petroleum derivatives through syngas is promoting the usage of catalysts in oil and chemical industries at large quantity.
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