Bharatbook.com introduce market report about this study covers many of the most important technological, economic, political, and environmental considerations in the U.S. catalyst industry.
This report is segmented into nine chapters and an appendix including a glossary of some important terms, abbreviations, acronyms, etc. Includes forecasts through 2015.
* Catalysts for chemical, petrochemical, and petroleum refining processes constitute a significant business in the United States. BCC estimates total merchant sales of these products in the U.S. in 2010 at about $4.1 billion. The total U.S. market value is forecast to increase at a compound annual growth rate (CAGR) of about 2.5% to reach more than $4.6 billion by 2015.
* For all types of chemical catalysts, we estimate a total 2010 market of almost $2.7 billion, growing at a compound annual growth rate (CAGR) of about 2.5% to more than $3 billion in 2015. Polymerization is the largest chemical catalyst segment with a market of about $1.3 billion and a slightly higher CAGR.
* Petroleum refining catalysts are a smaller market at $1.4 billion in sales in 2010, but also are predicted to grow at about a 2.5% compound annual growth rate (CAGR) to more than $1.6 billion in 2015. Growth will be spurred by increasing demand for reformulated and other less-polluting gasolines, plus new regulations calling for drastic reductions in sulfur content in gasoline and diesel fuel.
STUDY GOALS AND OBJECTIVES
Catalysts and the products made with them are all around us, even though most people know neither what a catalyst is nor what they do. Some experts claim that catalysts are involved somewhere along the chain in the manufacture of products that represent about one-third of the entire U.S. material Gross National Product (GDP). Considering that a high percentage of chemical and refined petroleum products are made via catalytic reactions (some experts put the percentage at 90% or higher for chemicals), this percentage seems logical.
Some studies have estimated that catalysts are responsible for the manufacture of around $4 trillion in goods and services worldwide annually and that the total global catalyst business is well more than $10 billion. Indeed, some studies estimate the worldwide market at more than $15 billion. Estimates vary, of course, depending on what is included; for example, if environmental correction catalysts and enzyme biocatalysts are included, the total will of course be larger. No matter what the number, this is a large multibillion market.
Virtually every polymer, whether it is a synthetic fiber, a plastic resin, or an elastomer, is made with a catalytic process. Other chemicals, from pharmaceuticals to pesticides, are produced catalytically. In petroleum refining, catalytic processes allow refiners to produce the broad mix of fuels and other products that drive today’s economy.
There is also an entire body of catalysis, outside the scope of this report, in environmental correction; the most obvious examples are catalytic converters on automobiles that clean up auto exhausts. Even our bodies are operated by catalysts, the biological catalysts called enzymes, the important area of biocatalysis that is outside our scope as well.
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