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