Lucintel Blog: Lucintel Forecasts Industrial Catalyst Market to Reach $21.1 Billion by 2028

Friday, April 7, 2023

Lucintel Forecasts Industrial Catalyst Market to Reach $21.1 Billion by 2028

According to the recent study the industrial catalyst market is projected to reach an estimated $21.1 billion by 2028 from $16.9 billion in 2023, at a CAGR of 4.5% from 2023 to 2028. Growth in this market is primarily driven by introduction of stringent environment regulations for air pollution and increasing usage of emission control and fuel technologies in various industries, such as petrochemical, refinery, automotive, and chemical industry.

A more than 150-page report is developed to understand trends, opportunities and forecast in industrial catalyst market by product (heterogeneous catalysts, homogeneous catalysts, and biocatalysts), application (petroleum refinery, chemical synthesis, 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/industrial-catalyst-market.aspx

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

Based on product type, the industrial catalyst market is segmented into heterogeneous catalysts, homogeneous catalysts, and biocatalysts. Lucintel forecasts that the heterogeneous catalysts market is expected to remain the largest segment due to increasing usage of these catalysts in the agriculture, chemical, pharmaceutical, and petrochemical sector.

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

Based on application the petroleum refinery segment is expected to witness the highest growth over the forecast period due to increasing demand of petroleum products globally.

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

APAC will remain the largest region due to the increasing application of catalyst in various industries, such as automobile, petrochemicals, polymer, and emerging chemical industries.

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

Major players of industrial 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, Arkema, Clariant, Evonik Industries, Exxon Mobil, Akzo Nobel, Chevron Phillips Chemical, and DOW Chemical are among the major industrial 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/industrial-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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