Catalyst Market Analysis, Demand, Trends And Forecast By 2023Posted by Preeti Verma on September 28th, 2018 Catalyst does not undergo any type of chemical changes in them. Catalyst reduces reaction time and energy required to complete a chemical reaction. With the advancement in molecular chemistry, the catalysis control over the broad range of chemical reaction has been observed in past years. Catalyst is one of the most important areas of chemical industry, where increasing investment in research and development is observed even during the economic slowdown. Access Full Report: www.psmarketresearch.com/market-analysis/catalyst-market Catalyst Market can be broadly segmented as, heterogeneous catalyst and homogeneous catalyst. On the bases of material type the global catalyst market can be broadly segmented as zeolites, metals, and chemical compound. Catalyst the market can be segmented as refinery, chemical synthesis, polymer and environment. Chemical compound has been the largest segment of the catalyst market in 2014. The segment is also expected to witness considerable growth during the forecast period, attributed to its cost-effective working capacity, as compared to other type of catalyst. Based on the product type, heterogeneous catalyst has been the largest segment in 2014. Rising demand for clean fuels is one of the most important driving factors for the catalyst market in refineries. In addition, the growth of end user industries such as polymer and chemical industries has also increased the demand of catalyst in recent years. The rising demand from developing economies owing to the increasing number of vehicles, growing purchasing power and rapid expansion of oil refineries is expected to drive the catalyst market during the forecast period. Request For Sample Pages: www.psmarketresearch.com/market-analysis/catalyst-market/report-sample The development of innovative product portfolio in catalyst market is one of the recent trends in the industry. However, the fluctuating prices of raw material are one of the major hindrances for the global catalyst market. Asia Pacific was the largest and fasted growing market of catalyst in 2014. The market dominance of Asia Pacific is attributed to the presence of large number of refineries in India and China: two major importer of crude oil in the world. In addition, the rising number of vehicles and increasing demand of plastic from the developing countries of Asia Pacific is also driving the catalyst market. India, China and Japan are some of the major markets of catalyst in Asia Pacific. Some of the major players operating in catalyst market include, Dow Chemical Company, DuPont (EI) de Nemours, Evonik Industries AG, Eastman Chemical Company, Criterion Catalysts & Technologies, Exxon Mobil Corporation, Fábrica Carioca de Catalisadores, Febex, FMC Corporation, Haldor Topsøe A/S, Johnson Matthey plc, Mitsubishi Gas Chemical Company Incorporated, BASF SE, Akzo Nobel NV, Arkema SA, Bayer AG, Borealis AG, Chevron Corporation, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation and Akzo Nobel NV. About P&S Intelligence P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: Toll-free: +1-888-778-7886 (USA/Canada) International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Like it? Share it! More by this author |