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Chemical catalyst market to grow at 4.68% CAGR

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Hydrocarbon Engineering,

’Global Chemical Catalyst Market (By - Type, Raw Material, Application, Region, Country): Opportunities and Forecasts (2016 - 2021)’ is a comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research. The report aims to present an analysis of the global chemical catalyst market on the basis of types (heterogeneous, homogeneous, enzymatic catalyst), by raw material (zeolites, metals, chemical compounds), by application (environmental air de-polluting catalyst, refinery catalyst, polymer catalyst, chemical process catalyst), by region (North America, South America, Asia and Pacific (APAC), Europe, Middle East and Africa) and by country (US, Canada, Germany, China, India, Brazil, Japan).

Globally, the demand for chemical catalyst is driven by the surging demand for chemicals in various end applications. The demand for chemical catalyst by end users has been rising in various industries such as lubricants, petroleum refinery, pharmaceutical; and the food and beverage industry. Therefore, growing demand by end users and increasing chemical consumption is driving the growth of chemical catalyst market.

Growing awareness among chemical producers and consumers, related to environment and increasing emissions impacting the ecosystem, will lead to highly intense competition in the global market of chemical catalysts.

The global chemical catalyst market is forecasted to grow at a CAGR of 4.68% during 2016 - 2021 on account of rising consumption of chemicals and their applicability. The APAC region remains the major market followed by North America and Europe in the actual period. In the forecast period, the APAC region will continue to witness strong growth driven by the countries such as India and China.

Another related report is ‘Global Biocatalysis and Biocatalysts Market 2016 – 2020’ where the analysts forecast global biocatalysis and biocatalysts market to grow at a CAGR of 6.34% during the period 2016 - 2020. To calculate the market size, the report considers the total volume of biocatalysts used for different applications in industries including biofuel production, agriculture and feed, biopharmaceutical industries.

With advances in biocatalysis technologies and growing consumer awareness of environmentally sustainable solutions, the demand for different types of biocatalysis will likely increase during the forecast period.

The following companies are the key players in the global biocatalysis and biocatalysts market: BASF, Codexis, DuPont, Novozymes, and Royal DSM Lockheed Martin.

Adapted from press release by Francesca Brindle

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