TechNavio recognizes the following companies as the key players in the Global Catalyst Market: Albermarle Corp., Axens S.A., BASF SE, Clariant AG, CRI/Criterion Inc., Haldor Topsoe A/S, Johnson Matthey plc, LyondellBasell Industries NV, Umicore S.A., Univation Technologies LLC, UOP LLC, and W. R. Grace & Co.
Commenting on the report, an analyst from TechNavio’s team said: “Since the Global Catalyst market is a highly competitive market, manufacturers are creating new and innovative catalysts and exploring potential markets to increase their revenue. The Global Catalyst market is witnessing increased investment in R&D teams for the development of innovative products and services. A considerable amount of research is also being done to recycle and regenerate spent catalysts. The Refining industry has developed and is using innovative technologies to utilize regenerated catalyst in their operations, and thus, has made them the leading consumers of regenerated catalysts. Also, leading vendors in the market are entering into strategic partnerships to address issues related to life-cycle, selectivity, and recyclability of catalysts. These manufacturers are increasingly dedicating large resources for designing and developing new catalysts and related technologies. New high-performing catalysts which offer improved selectivity, longer run-cycles, and other characteristics are expected to be introduced in the market soon.”
According to the report, one of the major drivers of this market is the increasing demand for clean fuels. The Automobile industry is growing at a rapid pace and an increasing number of stringent regulations are coming into effect, limiting the sulfur concentration in transportation fuels. This has resulted in a high demand for catalysts that are used in hydrotreating applications to remove sulfur from gasoline and diesel.
Further, the report states that one of the major challenges faced by this market is the volatility of the raw material prices, which, in turn results in the rise of finished product prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-catalyst-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Catalyst Market 2012-2016
