The global Chemical Catalyst Market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Chemical Catalyst Market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration of Chemical Catalyst Market.
The global chemical catalyst market size reached USD 37.13 Billion in 2021 and is expected to register a revenue CAGR of 4.9% during the forecast period, according to latest analysis by Emergen Research. Increasing application of chemical catalysts in chemical synthesis, owing to excellent traits and properties such as enhancement of enantioselective processes, alkene, and alkyne activation is a major factor driving revenue growth of the market. In addition, chemical catalysts have high functional group tolerance and do not require extra ligands. This is another key factor driving revenue growth of the market. Aside from chemical synthesis, catalysts are widely used in petroleum refining to boost the yield of high-quality products by breaking feedstock components. Use of a catalyst increases the optimization of hydrocracking reactions while also conserving energy.
Rising awareness regarding the benefits of utilizing environmental catalysts in manufacturing industry is a major factor driving revenue growth of the market. In addition, stringent environmental norms associated with releasing Sulfur Oxides (SOx), Nitrogen Oxides (NOx), and other harmful compounds in the atmosphere significantly contribute to revenue growth of the market.
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Report Scope:
Forecast Period: 2022- 2030
CAGR: 4.9%
Base Year: 2021
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
The complete regional analysis covers:
- North America (U.S., Canada, Mexico
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Leading Players Profiled in the Report:
BASF SE, Chevron Phillips Chemical Company LLC, Clariant AG, Dorf Ketal, The Dow Chemical Company, Evonik Catalysts, Exxon Mobil Corporation, Johnson Matthey, W.R. Grace & Co., and Arkema S.A.
Some Key Highlights from the Report
- The heterogeneous segment accounted for a significant revenue share in 2021. Increasing application for catalysts in energy generation, environmental protection, chemical synthesis, and other activities is a major factor driving revenue growth of the segment.
- To minimize toxicity, homogeneous catalysts are transformed into heterogeneous catalysts using solid supports. Increasing end-user awareness of multiple benefits of heterogeneous catalysts is a major factor driving revenue growth of the segment. For instance, utilizing heterogeneous catalysts reduces overall cost and provides easy separation of catalysts from products.
- The chemical synthesis segment accounted for a significant revenue share in 2021. Significant investments in optimizing factors such as catalyst activity, selectivity, stability, and the cost is a major factor driving revenue growth of the market in this segment.
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Emergen Research has segmented global chemical catalyst market on the basis of type, application, and region:
· Type Outlook (Revenue, USD Billion; 2019-2030)
- Homogeneous
- Heterogeneous
- Heterogenized Homogeneous Catalyst
- Biocatalyst
· Application Outlook (Revenue, USD Billion; 2019-2030)
- Petroleum Refining
- Chemical Synthesis
- Environmental
- Others
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Chemical Catalyst market.
Key Questions Answered in the Report:
What is the growth rate of the Chemical Catalyst market? What is the anticipated market valuation of Chemical Catalyst industry by 2030?
What are the key growth driving and restraining factors of the Chemical Catalyst market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Chemical Catalyst industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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