August 04, 2010
Wellesley, Mass. – According to a new technical market research report, CATALYSTS FOR ENVIRONMENTAL AND ENERGY APPLICATIONS (CHM020D) from BCC Research (www.bccresearch.com), the global market for catalysts for environmental and energy applications is estimated to be worth $16.3 billion in 2010, but is expected to increase to nearly $22.5 billion in 2015, for a compound annual growth rate (CAGR) of 6.6%.
The largest segment of the market, made up of environmental catalysts, is expected to increase at a 5-year CAGR of 6%, rising from an estimated $12.3 billion in 2010 to nearly $16.5 billion in 2015.
The other segment, made up of energy catalysts, is expected to rise from $4 billion in 2010 to nearly $6 billion in 2015, for a CAGR of 8.1%.
Among the most important applications of catalyst technologies are meeting rising energy requirements and protecting the environment. Broadly speaking, a catalyst is a substance that increases the rate of a chemical reaction by reducing the required activation energy, but which is left unchanged by the reaction.
The petroleum industry is the largest single user of catalysts, especially in producing refined products such as gasoline and diesel fuel. Catalysts also contribute to increasing the supply of petroleum by making it commercially possible to produce oil from sources once regarded as uneconomical, such as tar sands and heavy oil deposits. Catalysts are also being used to produce increasing quantities of synthetic oil and gas from coal and oil shale.
The goal of this report is to provide the reader with an up-to-date understanding of how catalysts contribute to meeting the energy needs of the U.S. and world economies while helping to prevent environmental degradation and remediating adverse environmental impacts as they occur.
This report is intended especially for manufacturers and vendors of catalysts used in energy and environmental applications. Other readers who should find the report particularly useful include entrepreneurs, investors, venture capitalists, and other readers with a need to know where these key segments of the catalyst market are headed over the next 5 years.
This report also should be of interest to end users such as motor vehicle manufacturers, whose technology road maps may make critical assumptions about the availability and performance of different types of catalysts. The same is true of government agencies and officials responsible for monitoring energy production, consumption, and pollution levels.
Source: BCC Research
Catalysts for Environmental and Energy Applications( CHM020D )
Publish Date: Jun 2010
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.