Regeneration Market to Gain Almost $1 Billion by 2020; More Industry Consolidations Anticipated

July 02, 2015

Wellesley, Mass., July 2, 2015 – Regulatory changes are expected to significantly affect the catalyst market in the coming years, especially in the two largest markets, automotive and environmental applications.BCC Research reveals in its new report that with the regeneration market now consolidated in the refinery segment, consolidation in other markets, especially environmental catalysts, can be expected in the next decade.

The global catalyst market, which drives the regeneration market, is estimated at $23.2 billion in 2013, $24.6 billion in 2014 and should reach $29.9 billion in 2019, reflecting a five-year compound annual growth rate (CAGR) of 4%. In 2014, the catalyst regeneration market is expected to cross the $4 billion level. By 2019, the market should reach $4.8 billion, with a CAGR of 3.7%.

The largest market segment for catalyst use by revenues is environmental applications. This segment includes applications such as emission control products in automobiles, industrial emission controls, and removal of chemicals from waste streams. This segment represents about 39% of all catalyst usages worldwide and is estimated to be a $9.2 billion market globally. Environmental regulations, particularly regarding sulfur standards in fuels, are the main driver for this market segment.

Since BCC’s 2013 report on catalyst regeneration, the market has further consolidated. Eurecat, the market’s largest player, acquired Tricat in 2013, leaving Porocel as the second largest player. These two companies now lead the regeneration market for refinery catalysts.

“In the environmental catalyst arena, recent years have seen ownership changes for several companies. The segment is not as consolidated as the refinery regeneration market,” says BCC Research analyst Vijay Subramanian. “The other two markets, polymer and chemical catalysts, are largely fragmented and also relatively small in size compared to the catalyst regeneration market.”

Global Markets for Catalysts: Focus on Catalyst Regeneration (CHM046C) analyzes of global market trends, presenting data from 2013 and 2014, and projections of CAGRs through 2019. Assessment of market impact due to rising raw material prices and tight supply and demand curves also are provided.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

Global Markets for Catalysts: Focus on Catalyst Regeneration( CHM046C )
Publish Date: Jun 2015    

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