Press release
Catalyst Market Journey to Expansion Exploring New Opportunities in Future Market Sizes
According to a report published by Allied Market Research, the global catalyst market experienced significant growth, generating $35.5 billion in 2020 and is projected to reach $57.5 billion by 2030, with a compound annual growth rate (CAGR) of 4.9% from 2021 to 2030. The report provides a comprehensive analysis of evolving market trends, key segments, investment opportunities, value chain dynamics, regional landscapes, and competitive scenarios.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/1736
The growth of the global catalyst market is primarily driven by the widespread adoption of catalytic processes, stringent environmental regulations concerning automotive emissions, and an increasing number of applications across various end-user industries. However, challenges related to the development and distribution of new catalysts pose hindrances to market growth. Conversely, the emergence of opportunities in biochemicals through catalysts is anticipated in the coming years.
The COVID-19 pandemic has adversely impacted the catalyst market, disrupting daily operations in sectors such as oil & gas, polymer catalysis, chemical manufacturing, automotive, and others due to government-imposed lockdowns. This has led to closures or partial shutdowns of operations in chemical manufacturing companies, affecting catalyst usage for chemical synthesis and hydroprocessing. Despite the challenges, major market players like BASF SE are exploring expansion opportunities amid the pandemic. For example, BASF SE invested in expanding its mobile emission catalyst facility in Chennai, India.
The report offers detailed market segmentation based on type, process, application, and region. Metal catalysts held the highest share in 2020 and are expected to maintain their dominance, while the enzymes segment is projected to witness the highest CAGR from 2021 to 2030. In terms of process, recycling accounted for the highest share in 2020, with regeneration expected to exhibit the fastest CAGR during the forecast period.
Geographically, Asia-Pacific dominated the market in 2020 and is anticipated to maintain its lead, exhibiting the highest CAGR during the forecast period. The report also analyzes other regions such as North America, Europe, and LAMEA.
Key players in the global catalyst market include Albemarle Corporation, Chevron Phillips Chemical Company LLC, BASF SE, Clariant AG, Dow Chemical Company, Evonik Industries AG, Johnson Matthey, ExxonMobil Corporation, and W.R. Grace and Co.
Obtain Report Details: https://www.alliedmarketresearch.com/catalysts-market
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/1736
The growth of the global catalyst market is primarily driven by the widespread adoption of catalytic processes, stringent environmental regulations concerning automotive emissions, and an increasing number of applications across various end-user industries. However, challenges related to the development and distribution of new catalysts pose hindrances to market growth. Conversely, the emergence of opportunities in biochemicals through catalysts is anticipated in the coming years.
The COVID-19 pandemic has adversely impacted the catalyst market, disrupting daily operations in sectors such as oil & gas, polymer catalysis, chemical manufacturing, automotive, and others due to government-imposed lockdowns. This has led to closures or partial shutdowns of operations in chemical manufacturing companies, affecting catalyst usage for chemical synthesis and hydroprocessing. Despite the challenges, major market players like BASF SE are exploring expansion opportunities amid the pandemic. For example, BASF SE invested in expanding its mobile emission catalyst facility in Chennai, India.
The report offers detailed market segmentation based on type, process, application, and region. Metal catalysts held the highest share in 2020 and are expected to maintain their dominance, while the enzymes segment is projected to witness the highest CAGR from 2021 to 2030. In terms of process, recycling accounted for the highest share in 2020, with regeneration expected to exhibit the fastest CAGR during the forecast period.
Geographically, Asia-Pacific dominated the market in 2020 and is anticipated to maintain its lead, exhibiting the highest CAGR during the forecast period. The report also analyzes other regions such as North America, Europe, and LAMEA.
Key players in the global catalyst market include Albemarle Corporation, Chevron Phillips Chemical Company LLC, BASF SE, Clariant AG, Dow Chemical Company, Evonik Industries AG, Johnson Matthey, ExxonMobil Corporation, and W.R. Grace and Co.
Obtain Report Details: https://www.alliedmarketresearch.com/catalysts-market
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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