Catalysts for Energy Market Share

Regionally, the catalysts for energy market for energy applications is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America industry is predicted to account for largest revenue share by 2036, propelled by growing oil & gas industry in the region, coupled with presence of major oil refining companies. Moreover, large number of refineries in the region is estimated to act as the major growth factor for the market. Canada is the 4^th largest producer of crude oil, and holds over 10% of the world’s share for oil wells. On the other hand, the United States is one of the largest producers and exporters of refined petroleum products.

The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period increasing import of crude oil and presence of refineries in countries, such as, India, and China, is estimated to boost the catalysts for energy market growth in the region.