Catalysts for Environmental and Energy Applications
The global market for energy and environmental catalysts totaled $25.7 billion in 2014. This market is expected to grow at a compound annual growth rate (CAGR) of 5.6%, from nearly $27.3 billion in 2015 to nearly $35.8 billion by 2020.
- An overview of the global markets for energy and enviornmental catalysts.
- Analyses of global market trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020.
- A look at how rising energy requirements and protecting the environment are among the most important applications of catalyst technology.
- Information on how catalysts are 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.
- An understanding as to why catalysts are indispensable to many types of environmental remediation, from vehicle emissions control systems to industrial effluent and municipal waste treatment.
- Evaluations of the technical and other challenges that must be overcome for the market to realize its full potential.
- Profiles of major players in the industry.
This report addresses the global market for energy and environmental catalysts, including catalysts used in the following:
- Production of crude oil and gas from unconventional sources such as tar sands and heavy oil reservoirs.
- Synfuels production (e.g., coal liquefaction/gasification, shale oil).
- Oil recycling.
- Alternative fuels production (e.g., hydrogen).
- Other emerging energy technologies, such as fuel cells and photovoltaic cells.
- Increasing fuel efficiency (e.g., fuel additives that increase burn efficiency).
- Avoiding or reducing environmental damage.
Mitigating or remediating adverse environmental impacts after they occur.
This report also covers the market for catalysts used in petroleum refining. The market for refinery catalysts, however, is covered in less detail because it is already analyzed in a separate BCC Research report, CHM027C—Petrochemical (Petroleum and Chemical) Catalysts.
The study is organized around the following major topics:
- Executive summary.
- Overview (e.g., definitions, history, market segmentation).
- Characteristics of energy and environmental catalysts, those existing as well as those under development.
- Current and potential catalyst applications in energy and environment.
- Patent analysis.
- Global market trends from 2014 to 2020.
- Factors that will influence the long-term development of the market.
- Industry structure and market shares.
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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The global market for energy and environmental catalysts was worth an estimated $15.1 billion in 2009. The market is projected to grow to more than $16.3 billion in 2010 and nearly $22.5 billion in 2015 at a compound annual growth rate (CAGR) of 6.6% from 2010 to 2015.
Energy catalyst sales will experience the highest compound annual growth rate (CAGR) over the forecast period of 8.1%. This sector is worth $4 billion in 2010 and is expected to reach nearly $6 billion in 2015.
The total market for environmental catalysts is projected to grow from $12.3 billion in 2010 to $16.5 billion in 2015, a compound annual growth rate (CAGR) of 6%. The two fastest-growing segments of the environmental catalyst market are catalysts used in municipal waste treatment and the remediation of stationary source air pollution.
The global market for energy and environmental catalysts was worth an estimated $12.2 billion in 2006. The market is projected to grow to $13.0 billion in 2007 and $18.5 billion in 2012 at a compound annual growth rate (CAGR) of 7.4% from 2007 to 2012.
The refinery industry accounted for almost 90% of the energy catalyst market, but refinery catalysts are projected to lose market share from 2006 to 2012 as other energy applications, particularly synfuels and biofuels, consume increasing amounts of catalysts. However, refining will still account for nearly three-quarters of the energy catalyst market in 2012.
Mobile source air pollution remediation applications, particularly vehicle catalytic converters, accounted for almost 50% of the environmental catalyst market in 2006, followed by stationary source air pollution applications (e.g., power plant emissions controls) with 31% of the market.
The global market for energy and environmental catalysts was worth an estimated $6.4 billion in 2003. The market is projected to grow to nearly $13.0 billion in 2009, an average annual growth rate (AAGR) of 12.8%.
Refinery catalysts, now 90% of the energy catalyst market, are projected to lose market share from 2004 through 2009 as other energy applications, particularly synfuels and biofuels, consume increasing amounts of catalysts.
Mobile source air pollution remediation applications, particularly vehicle catalytic converters, accounted for over 36% of the environmental catalyst market in 2003, followed by stationary source air pollution applications (e.g., power plant emissions controls) with 33% of the market.
Stationary source applications are projected to grow rapidly due to new environmental legislation, so that by 2009 they will have a projected 65% share of the environmental catalyst market.