07 Aug 2015 08:08:53
High Cost of Fresh Catalyst to propel Catalyst Regeneration Market at 4.08% CAGR from 2013-2019
The global catalyst regeneration market is projected to grow from US$3,447.0 million in 2012 to US$4,549.1 million by 2019, recording a 4.08% CAGR from 2013 to 2019. While there has been a growing demand for catalyst regeneration from emerging nations, the demand is set to go higher due to rising need from several industries. In contrast, increasing emissions during in-situ catalyst regeneration is likely to impede the growth of the market. Catalyst regeneration refers to a process that renews catalysts to make them reusable. Regenerated catalysts are used for naphtha and steam reforming. In addition alkylation, hydrogenation, hydro-desulfurization, hydro cracking, and hydrotreatment are some of the other refining processes that use regenerated catalysts.
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By technology, the catalyst regeneration market is bifurcated into onshore and offshore regeneration. With a 62.32% share of the overall market in 2012, offshore catalyst regeneration dominated the scene owing to stringent environmental regulations that restrict harmful emissions during onshore regeneration.On the basis of geography, the global catalyst regeneration market is divided into North America, Europe, Asia Pacific, and Rest of the World. With a share of 32.15% in 2012, Asia Pacific emerged as the leader in the worldwide catalyst regeneration market. China and Japan have been identified as the leading contributors toward the growth of the region. Despite already being the largest regional market for catalyst regeneration, Asia Pacific still holds immense potential for expansion in the future thanks to developing economies.
North America and Europe form the second largest regional markets for catalyst regeneration, driven by lower prices and rising popularity of offshore applications. The Rest of the World region – comprising Russia, Latin America, and the Middle East – presently present relatively lower volumes of catalyst regeneration. However, this region also holds many possibilities for future growth.The notable players functioning in the global catalyst regeneration market include TriCAT GmbH Catalyst Services, Haldor Topsoe, Eurecat U.S. Inc., Johnson Matthey PLC, STEAG Energy Services, LLC, Albemarle Corporation, CoaLogix, Inc., Axens S.A., BASF SE, Bayer Technology Services GmbH, and Porocel Adsorbents, Catalysts & Services. Of these, Porocel Adsorbents, Albemarle Corporation, and Catalysts & Services dominate the competitive landscape with a share of over 50% in 2012 in terms of revenue. These players are profiled in the catalyst regeneration market research report on the basis of attributes such as company and financial overview, product portfolio, recent developments, business strategy, strengths, weaknesses, opportunities, and threats.
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Catalyst Regeneration Market: Technology Analysis
Catalyst Regeneration Market: Regional Analysis
Rest of the World (RoW)
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