According to the report published by Allied Market Research, the global catalyst market generated $35.5 billion in 2020, and is expected to reach $57.5 billion by 2030, registering a CAGR of 4.9% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
High utilization of catalytic process, stringent environmental legislation regarding automotive emissions, and surge in number of applications in end-user industries drive the growth of the global catalyst market. However, concerns related to development and distributions of new catalysts hinder the market growth. On the other hand, development of biochemicals through catalysts presents new opportunities in the coming years.
Based on type, the metals segment contributed to the highest share in 2020, holding nearly one-fourth of the total share, and is expected to continue its leadership status during the forecast period. However, the enzymes segment is estimated to witness the largest CAGR of 5.5% from 2021 to 2030.
Based on process, the recycling segment accounted for the highest share in 2020, contributing to nearly half of the global catalyst market, and is projected to continue its lead position during the forecast period. However, the regeneration segment is expected to manifest the fastest CAGR of 5.2% from 2021 to 2030.
Based on region, Asia-Pacific held the highest share in 2020, accounting for nearly two-fifths of the total share, and is projected to maintain its dominance by 2030. Moreover, this segment is expected to portray the highest CAGR of 5.4% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading players of the global aluminum cladding panels market analyzed in the research include Albemarle Corporation, Chevron Phillips Chemical Company LLC, BASF SE, Dorf Ketal Chemicals (I) Pvt. Ltd., Clariant AG, Evonik Industries AG, Dow Chemical Company, Johnson Matthey, Exxonmobil Corporation, and W.R. Grace and Co.
𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/catalysts-market