The global chemical catalyst market size reached USD 37.13 Billion in 2021 and is expected to register a revenue CAGR of 4.9% during the forecast period, according to latest analysis by Emergen Research. Increasing application of chemical catalysts in chemical synthesis, owing to excellent traits and properties such as enhancement of enantioselective processes, alkene, and alkyne activation is a major factor driving revenue growth of the market. In addition, chemical catalysts have high functional group tolerance and do not require extra ligands. This is another key factor driving revenue growth of the market. Aside from chemical synthesis, catalysts are widely used in petroleum refining to boost the yield of high-quality products by breaking feedstock components. Use of a catalyst increases the optimization of hydrocracking reactions while also conserving energy.
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Competitive Outlook: The leading companies operating in the Chemical Catalyst market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Chemical Catalyst Market and Profiled in the Report are:
BASF SE, Chevron Phillips Chemical Company LLC, Clariant AG, Dorf Ketal, The Dow Chemical Company, Evonik Catalysts, Exxon Mobil Corporation, Johnson Matthey, W.R. Grace & Co., and Arkema S.A.
Objectives of the Report:
Study of the global Chemical Catalyst market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Chemical Catalyst market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Chemical Catalyst market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Chemical Catalyst market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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