Chemical Processing Catalysts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Chemical Processing Catalysts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

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Catalysts are performance chemicals that enhance the processing and synthesis of chemical elements. Catalysts are substances that increase the speed of reactions. They modify the rate of chemical reactions without being transformed or consumed during the reactions. Catalysts provide an alternative pathway for the building and breaking of chemical bonds of the elements in reactions. They lower the amount of activation energy required for a reaction to speed up its chemical process without affecting the overall thermodynamics of the system. Catalysts can accelerate the rates of forward and reverse reactions. Chemical processing catalysts have the primary function to modify the rate of a targeted chemical reaction in order to obtain a product with high space-time yield. They are used in various applications in the industrial sector. Chemical processing catalysts that are more active, selective, stable over longer periods of operation, and less expensive are used in major industries such as petroleum & energy, chemicals & polymer, food, and pharmaceuticals.

The global chemical processing catalysts market is primarily driven by the increase in demand for catalysts in chemical manufacturing industries. Rapid urbanization and increase in automation are other factors likely to drive the chemical processing catalysts market. Rise in demand for non-renewable natural resources is expected to propel the demand for chemical processing catalysts in chemicals and pharmaceutical industries. Developments in nanotechnology are capable of providing opportunities in design and synthesis of nanostructured catalysts. These nanostructured catalysts would offer high surface area and exposed active sites. This would ultimately lead to high catalytic activity in chemical processes. Furthermore, investment in research and development activities in order to optimize the efficiency of catalysts and minimize their cost is projected to offer lucrative opportunities to the chemical processing catalysts market during the forecast period. However, fluctuation in prices of raw materials such as precious metals and their limited supplies are likely to hamper the chemical processing catalysts market in the near future.

Based on type, the chemical processing catalysts market can be segmented into homogeneous, heterogeneous, biocatalysts, and others. The heterogeneous segment held key share of the global chemical processing catalysts market in 2016. These catalysts are cost effective and widely used in chemical synthesis.

In terms of application, the chemical processing catalysts market can be divided into polymerization, oxidation, organic synthesis, hydrogenation, dehydrogenation, and others. The polymerization segment accounted for significant share of the global chemical processing catalysts market in 2016. Catalysts are being increasingly used in the chemical industry to produce plastic materials including polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, and polystyrene.

Based on end-use, the chemical processing catalysts market can be segregated into fine chemicals & intermediaries, petrochemicals, edible oils, oleochemicals, and others. The petrochemicals segment is estimated to constitute major share of the global chemical processing catalysts market in the near future.

In terms of geography, the chemical processing catalysts market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a rapid pace due to the rise in industrialization in countries such as China, Japan, and India. Furthermore, technological advancements coupled with developing infrastructure are expected to boost the demand for chemical processing catalysts in Asia Pacific. North America and Europe also constitute significant share of the chemical processing catalysts market owing to the rise in demand for chemical processing catalysts in end-use industries.

Key players operating in the global chemical processing catalysts market include Akzonobel N.V., Albemarle Corporation, BASF SE, Clariant, E.I. Du Pont De Nemours and Company, Evonik Industries AG, and Johnson Matthey.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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