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The World Market for Catalysts Forecast to Reach More than 22 Billion U.S Dollars Finds Ceresana - Succeeding faster: Ceresana analyzes the global market for catalysts - Ceresana.com
The World Market for Catalysts Forecast to Reach More than 22 Billion U.S Dollars Finds Ceresana

 

NewswireToday - /newswire/ - Konstanz, Baden-Wuerttemberg, Germany, 2014/06/10 - Succeeding faster: Ceresana analyzes the global market for catalysts - Ceresana.com.

   
 
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Fertilizers, detergents and crude oil products in general: Catalysts are need almost always. More than 80% of products in the chemical industry are manufactured using catalytic processes. Accordingly, the economic importance of catalysts, substances used to speed up chemical reactions, is high. This latest study published by the market research institute Ceresana analyzes the world market for these products: Analysts expect total market value of catalysts to rise to more than US$22 billion until 2021.

Largest Consumer North America

Since the USA are processing a particularly large amount of crude oil, this country is the by far largest consumer of catalysts. Currently, North America accounts for a world market share of 42%. Yet Asia-Pacific is catching up fast: China is exhibiting the highest growth rate of the 20 countries analyzed by Ceresana; demand in this country will increase by 4.5% per year. Demand for catalysts in Western Europe, on the other hand, is falling. The southern EU-countries are still suffering notably from the effects of the financial crisis. Also, Europe is increasingly relying on alternative energies: One measure is adding vegetable oils to gasoline, these oils do not have to be refined and therefore require no catalysts when being processed.

Crude Oil Refining Dominating Application

About 80% of all the catalysts consumed are utilized in the refining of crude oil, for example in processes such as fluid catalytic cracking, hydrocracking or reforming. Catalysts are also needed in chemical syntheses and polymerization. Ceresana forecast the most dynamic development at an AAGR of 3.1% p.a. until 2021 for polymerization, with the synthesis of polyethylene and polypropylene accounting for the major share. The manufacturing of polyethylene and polypropylene from renewable resources requires the use of catalysts as well: The global market for bioplastics is expected to grow at an AAGR of almost 20% p.a. in the next eight years.

Chemical Synthesis and Polymerization

Ceresana forecasts revenues generated with catalysts for chemical synthesis to increase to approx. US$ 8.7 billion during the next eight years, due to the upturn of global economic development. Important processes consuming catalysts are the production of ammonia, nitric acid and methanol. The most commonly used products in these processes are metals or mixed metals, which are more expensive than, e.g., the zeolite used in fluid catalytic cracking.

The Study in Brief:

Chapter 1 provides a presentation and analysis of the global market for catalysts including forecasts up to 2021: For each region, demand and revenues will be explained.
Chapter 2 offers a detailed analysis of demand for and revenues generated with catalysts in the refining of crude oil, chemical synthesis and polymerization split by 20 countries.
Chapter 3 provides a substantiated analysis of individual applications of catalysts: Data on demand development, split by the seven world regions Western Europe, Eastern Europe, North America, South America, Asia-Pacific, the Middle East, and Africa are given.
Chapter 4 provides profiles of the largest manufacturers, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, products, and applications. Extensive profiles of 78 manufacturers are given, including Albemarle Corporation, Arkema SA, BASF SE, Bayer AG, Chemtura Corporation, China National Petroleum Corporation, Clariant International Ltd., Exxon Mobil Corporation, Haldor Topsøe A/S, Honeywell International Inc., Johnson Matthey Plc, Lanxess AG, Royal Dutch Shell Plc, Sinopec and W.R. Grace & Co.

About Ceresana

Ceresana (ceresana.com) is a leading international market research and consultancy company for the industrial sector and operates branch offices in Constance, Vienna and Hong Kong. For more than 10 years, it has been supplying several thousand customers from 55 countries with up-to-date market intelligence. Extensive market knowledge creates new prospects for strategic and operational decisions.
Ceresana's clients profit from practical consulting services, tailor-made single-client studies and more than 60 independent multi-client market studies.

The Ceresana business analysts are specialists in markets chemicals, plastics, additives, commodities, industrial components, packaging, and construction materials.

 
 
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The World Market for Catalysts Forecast to Reach More than 22 Billion U.S Dollars Finds Ceresana

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Publisher Contact: Martin Ebner - Ceresana.com 
+49 7531 94293 0 m.ebner[.]ceresana.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ceresana securities in any jurisdiction including any other companies listed or named in this release.

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