Heterogeneous Catalyst Market Segmentation:
Product Type (Metal-based, Chemical-based, Zeolites-based, Others)
Metal-based segment is anticipated to hold heterogeneous catalyst market share of more than 40.4% by 2035, owing to its high catalytic activity. The ability of metal-based heterogeneous catalysts to effectively prompt specific transformations is contributing to their demand. The metal-based heterogeneous catalysts are highly valued by industries seeking optimal performance such as petroleum and chemical. Many researchers and industry players are focused on boosting profitability with cost-effective alternatives to expensive metals. For instance, in 2020, BASF announced the launch of a new Tri-metal catalyst, in partnership with Sibanye-Stillwater and Impala Platinum. The new catalyst offers a high-priced palladium substitute, thereby reducing catalytic converter costs for vehicle manufacturers and rebalancing market demand for Platinum Group Metals (PGM).
Application (Petroleum Refining, Chemical Synthesis, Environmental Catalysis, Polymerization, Hydrogenation, Others)
In heterogeneous catalyst market, petroleum refining segment is set to dominate revenue share of around 34.6% by the end of 2035. Heterogeneous catalysts are highly used in petroleum refining for their effectiveness in hydrocracking and catalytic processes that lead to faster reactions and high yields. The increasing petrol and other fuel demand is also contributing to the heterogeneous catalysts’ application growth in refining organizations. Industries in developing regions also make high use of gasoline products including petroleum, which promotes high demand for heterogeneous catalysts.
Our in-depth analysis of the heterogeneous catalyst market includes the following segments
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