World Industrial Catalyst Market to Reach USD 24 Bn by 2022, States IMARC Group in Its Report Available at MarketPublishers.com13 Nov 2017 • by Natalie Aster
LONDON – Worldwide, the industrial catalyst sector surpassed the USD 18 billion mark in terms of value as of 2016. By 2022, the market is anticipated to be estimated at close to USD 24 billion, registering over 4% CAGR in the foreseeable future.
A hike in the demand for chemicals, fuels and oil-refining capacities are amongst the key factors which are boosting the use of industrial catalysts. Furthermore, the demand for eco-friendly fuels stimulates the sector’s growth as industrial catalysts help in abiding by the fuel standards, improves operating efficiency and bolsters clean fuel trends. Increasing consumption of fuels and other chemicals has led to the fast-paced development of the petroleum sector, thereby propelling the demand for industrial catalysts. Technology advances, urbanisation growth and increasing automation are amid other factors fuelling the sector’s growth.
Topical research report “Industrial Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” drawn up by IMARC Group presents a detailed, unbiased analysis of the market worldwide.
The study segments the market based on raw material, type, application area, and region-wise. It offers a macro overview of the marketplace and gives micro details of the industry performance, identifies latest market trends, sheds light on the major market challenges and drivers; provides a granular SWOT analysis; includes Porter’s five forces analysis, as well as provides an assessment of the value chain, etc. The report covers import and export trends, and offers an analysis of the manufacturing process of industrial catalysts. It evaluates the degree of competition in the industry, examines the scope of the market, limelights the major players’ market shares, and includes granular profiles of the top 10 companies. Furthermore, the report includes granular forecasts of the market.
More topical publications by this publisher are at hand at IMARC Group page.