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Hydrogenation Catalyst Market Trends

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Report ID: 3872
Published Date: Aug 22, 2024
Report Format: PDF, PPT

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Hydrogenation Catalyst Market Trends

Growth Drivers

Rising Demand for Heterogenous Catalysts from Industrial and Chemical Application Areas
Growing Use of Hydrogenation for Manufacturing Medicines and Aroma Chemicals

Challenges

Toxicity of Hydrogenation Catalysts

Hydrogenation Catalyst Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	3.5%
Base Year Market Size (2023)	USD 3.51 billion
Forecast Year Market Size (2036)	USD 5.49 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Hydrogenation Catalyst Market Size & Share, Growth Forecast 2036

Author Credits: Rajrani Baghel

Report ID: 3872
Published Date: Aug 22, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of hydrogenation catalyst is estimated at USD 3.61 billion.

Hydrogenation Catalyst Market size was over USD 3.51 billion in 2023 and is poised to cross USD 5.49 billion by 2036, witnessing more than 3.5% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by rising demand for heterogenous catalysts from industrial and chemical application areas, and growing use of hydrogenation for manufacturing medicines and aroma chemicals.

Asia Pacific industry is likely to hold largest revenue share by 2036, on account of increasing investments in oil & gas exploration activities, where hydrogenation catalysts are used for petroleum refining.

The major players in the market are BASF SE, Evonik Industries AG, SOLVIAS AG, W. R. Grace and Co., CRI/Criterion Inc., and others.

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