Catalysts for Energy Market Size

  • Report ID: 3207
  • Published Date: Sep 16, 2024
  • Report Format: PDF, PPT

Catalysts for Energy Market Size

Catalysts for Energy Market size is set to register over 5.5% CAGR during the forecast period i.e., between 2024-2036.

The growth of the market can be attributed to the increasing demand for catalysts in the energy & power industry for various applications, such as, raising energy production and protecting the environment. Petroleum refining is one of the major application of catalysts. Increasing demand for petroleum products, backed by rising sale of automobiles and increasing disposable income, is estimated to boost the market growth. The increasing manufacturing and sale of passenger cars, with more than 60 million cars sold globally in the year 2020, is estimated to positively influence the market growth.


Global-Catalyst-Market-for-Energy-Application-Overview
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Author Credits:  Rajrani Baghel


  • Report ID: 3207
  • Published Date: Sep 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for catalyst in crude oil production and growing environment concerns are the major factors driving the market growth.

The market is anticipated to attain a ~5.5% CAGR over the forecast period, i.e., 2022-2030.

High costs of raw material is one of the major factors estimated to hamper the market growth.

The market in the North America will provide the highest growth opportunities for the market during the forecast period on the back of large number of oil refineries, backed by increasing production of oil & gas in the region.

The major players in the market are BASF SE, KNT Group, Albemarle Corporation, Honeywell International Inc., Clariant Ltd., Shell International B.V. and others.
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