Macrotrend steer economic growth toward higher utilization of catalytic process, stringent environmental legislation regarding automotive emission, and rise in number of applications in end user industries drive the growth of the global catalyst market. Asia-Pacific contributed to the highest share in terms of revenue in 2020, contributing to nearly two-fifths of the total market share.
Allied Market Research published a new report, titled, “Catalyst Market by Type (Zeolites, Metals, Chemical Compounds, Enzymes, and Organometallic Materials), Process (Recycling, Regeneration, and Rejuvenation), and Application (Petroleum Refining, Chemical Synthesis, Polymer Catalysis, and Environmental): Global Opportunity Analysis and Industry Forecast, 2021-2030″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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The global catalyst market is expected to possess high growth potential in the coming years, as the most important use of zeolites, particularly by volume, is in catalytic cracking, in which the faujasite zeolites X and Y were applied by Mobil Oil in early 1960s. It is used in acidic form in petroleum refinery catalytic cracking units to increase the yield of gasoline and diesel fuel from crude oil feedstock by cracking heavy paraffins into gasoline grade napthas.
This makes it important to understand the practical implications of the catalyst market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players Albemarle Corporation, BASF SE, Chevron Phillips Chemical Company LLC, Clariant AG, Dorf Ketal Chemicals (I) Pvt. Ltd., Dow Chemical Company, Evonik Industries AG, Exxonmobil Corporation, Johnson Matthey, and W.R. Grace and Co. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
Based on process, the recycling segment held the highest market share in 2020, accounting for nearly half of the total market share, and is expected to continue its leadership status during the forecast period. However, the regeneration segment is estimated to register the highest CAGR of 5.2% from 2021 to 2030.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the catalyst market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, contributing to nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the Asia-Pacific region is projected to manifest the fastest CAGR of 5.4% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/catalysts-market/purchase-options
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