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Tuesday, August 1, 2023

Lucintel Forecasts Specialty Catalyst Market to Reach $53.1 Billion by 2028

According to the recent study the specialty catalyst market is projected to reach an estimated $53.1 billion by 2028 from $39.7 billion in 2023, at a CAGR of 6% from 2023 to 2028. Growth in this market is primarily driven by rapid urbanization, increasing demand for cleaner petroleum products, and growing need for environmentally friendly and sustainable products.

A more than 150–page report is developed to understand trends, opportunities and forecast in specialty catalyst market by raw material (chemical compounds, metals, zeolites, and others), product (heterogeneous and homogeneous), application (petroleum refining, chemical synthesis, environmental, polymers, and petrochemicals), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/specialty-catalyst-market.aspx

“Heterogeneous market is expected to remain the largest segment during the forecast period.”

Based on product, the specialty catalyst market is segmented into heterogeneous and homogeneous. Lucintel forecasts that the heterogeneous market is expected to remain the largest segment due to its increasing application in biodiesel production as it interacts with different substances in a more effective way.

“Within the specialty catalyst market, the petroleum refining segment is expected to remain the largest application.”

Based on application the petroleum refining segment is expected to witness the highest growth over the forecast period due to the increasing activities in the oil and gas industry and growing demand for petroleum derivatives.

“Asia pacific will dominate the specialty catalyst market in near future.”

APAC will remain the largest region due to rapid industrialization and growing demand from various end industries, such as oil and gas, automotive and chemical.

Download Brochure of this report by clicking on https://www.lucintel.com/specialty-catalyst-market.aspx.

Major players of specialty catalyst market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Albemarle Corporation, Apache Corporation, BASF SE, Clariant, Cue Energy Resources, Chevron Phillips Chemical Company, Exxon Mobil, Nippon Chemical Industrial, Haldor Topsoe, and Johnson Matthey are among the major specialty catalyst providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/specialty-catalyst-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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