Catalyst Market Rising At A CAGR Of 4.5% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.

San Francisco, 24 October 2019: The Report Catalyst Market Size, Share & Trends Analysis Report By Product (Heterogeneous, Homogeneous), By Raw Material (Zeolite, Metals), By Application (Chemical Synthesis, Environmental), And Segment Forecasts, 2019 – 2025

According to a new report by Grand View Research, Inc., the global catalyst market size is expected to reach USD 34.1 billion by 2025, exhibiting a 4.5% CAGR during the forecast period. Rising demand for polymers from industries like automotive and electrical and electronics is impacting market growth. Moreover, increasing preference for catalysts, since they reduce environmental emissions and production costs, is driving the market.

Growing chemical industry in U.S. is expected to significantly impact the market. The automotive industry also has a considerable impact on market growth due to rising demand for catalysts for controlling emissions. Increasing use of novel catalytic technologies in catalytic converters is benefiting the automotive segment.

Increasing use of catalysts for manufacturing of petrochemical products is trending in the market. Growing economies is an opportunity for market players to strengthen their presence and improve their product portfolio. Moreover, supportive government policies that promote the growth of the automotive sector is affecting market growth.

Rising population, improvement in lifestyle of consumers in developing economies, climate change, and shortage of natural resources are some of the major factors encouraging market players to invest in R&D projects. Increasing research activities is expected to bring developments in the product, thereby impacting the market.

Access Research Report of Catalyst Market @ https://www.grandviewresearch.com/industry-analysis/catalyst-market

Further key findings from the report suggest:

• The Asia Pacific market is expected to expand at a revenue-based CAGR of 5.4% over the forecast period owing to developments in the chemical industry, especially in developing economies, and exceptional characteristics of zeolite catalysts like size selectivity and better shape
• Players in U.S. and Canada are focusing on increasing investments in refining processes due to the emergence of tight oil and shale gas as alternatives to traditional natural gas and crude oil
• The chemical compound segment is expected to register a revenue-based CAGR of 4.7% by 2025 due to high demand from end-use industries, increasing use as a catalyst for numerous applications, and growing acceptance of organometallic compounds for the manufacture of polyethylene and polypropylene
• Manufacturers of catalyst market are focusing on capacity expansions, licensing agreements, and acquisitions for strengthening their market presence and expanding their product portfolios.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/catalysts-and-enzymes

Grand View Research has segmented the global catalyst market on the basis of raw material, product, application, and region:
Catalyst Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Chemical Compounds
  • Acids
  • Peroxides
  • Amines & Others
• Metals
  • Precious
  • Base
• Zeolites
• Others

Catalyst Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Heterogenous
• Homogeneous

Catalyst Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Chemical Synthesis
  • Chemical Catalysts
  • Adsorbents
  • Polyolefins
  • Others
• Petroleum Refining
  • FCC
  • Alkylation
  • Hydrotreating
  • Hydrocracking
  • Catalytic Reforming
  • Others
• Polymers & Petrochemicals
  • Ziegler Natta
  • Reaction Initiator
  • Chromium
  • Urethane
  • Single-Site
  • Others
• Environmental
  • Light Duty Vehicles
  • Motorcycles
  • Heavy Duty Vehicles
  • Others

Catalyst Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Access Press Release of Catalyst Market @ https://www.grandviewresearch.com/press-release/catalyst-market-analysis

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com