Catalyst Market To 2020 – Market Share, Growth, Trends: Grand View Research, Inc.
Grand View Research.com has announced the addition of "Catalyst Market Analysis and Segment Forecasts To 2020" Market Research report to their Database.
Global Catalyst Market is expected to reach USD 27.59 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for polymers is expected to result in increased utilization of refinery capacities which in turn is expected to drive catalyst demand. Favorable regulatory scenario for development of high yield, efficient and conservative manufacturing processes is also expected to enhance demand over the forecast period.
Chemical synthesis was the most dominant application market; with catalyst demand exceeding 1,800 kilo tons in 2013, owing to growth in chemical production, particularly in Asia Pacific and Latin America. Environmental catalysis another key application market, accounting for over 29% of global catalyst demand in 2013 and is expected to witness fastest growth, at an estimated CAGR of 3.9% from 2014 to 2020; on account of growing preference towards the production of clean fuels and use of green technology in manufacturing process.
Browse full research report on Global Catalyst Market: http://www.grandviewresearch.com/industry-analysis/catalyst-market
Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global catalyst market on the basis of application, product and region:
Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/catalysts-and-enzymes
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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