Nanocatalyts: A Global Strategic Business Report
San Jose, California (PRWEB) January 30, 2015
Follow us on LinkedIn - Catalysis plays an important role in the production of a range of chemical, petrochemical, and pharmaceutical products. Production of chemicals involves the use of industrial catalytic processes. Approximately 90% of all chemical products produced involve the use of catalysts at some stage or the other in the manufacturing process. Defined as the use of nanoparticles to catalyze reactions, nanocatalysts are growing in prominence worldwide. Key factors driving their popularity include extremely small size, higher surface area, and superior catalytic activity as compared to traditional catalysts. Nanocatalysts help in increasing the speed and efficiency of catalysis. By helping accelerate the chemical process, nanocatalysts help lower the use of energy, thereby reducing the carbon footprint of manufacturing technologies.
Petroleum refineries represent the largest end-user of nanocatalysts. Steadily growing demand for oil products will continue to benefit demand for nanocatalysts in oil processing and petroleum refining processes. Major factors driving demand for petroleum based products include increasing manufacturing and industrial activity, and growing vehicle population worldwide. The trend towards low sulfur content in gasoline and diesel is fueling gains in the market, since nanocatalysts are known to reduce sulfur as compared to conventional catalysts. Demand for Nano Pt catalysts is forecast to grow strongly in reforming processes, while nano zeolites will witness strong adoption in fluid catalytic cracking of heavy oil. Nano hydroprocessing catalysts are also finding widespread use in refineries. Countries such as China and India are forecast to emerge as lucrative markets, against a backdrop of new oil refining capacity additions in these countries.
Stringent environmental protection and emission control regulations are also driving global demand for nanocatalysts in a range of environmental application areas. Nanocatalysts are extensively used in automobile three-way catalytic converters that help reduce harmful emissions of NOx, HC and CO from vehicle exhaust systems. Nanocatalysts are also widely used in the selective catalytic reduction (SCR) process for reducing NOx emissions from stationary industrial equipment. Other promising application areas include water treatment, biomass to biofuel conversion, and strong production of bio-diesel and bioplastics. Successful commercial development of bimetallic nanocatalysts is also driving growth in the market.
As stated by the new market research report on Nanocatalysts, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6.1% over the analysis period. Growth in the region is led by strong automobile manufacturing activity in China and India, and the resulting increase in demand for catalytic converters in the automotive OEM market. Increase in oil refinery activity and enforcement of strict automobile and industrial emission norms are also helping drive growth in the region.
Key players covered in the report include BASF SE, CDTi, Headwaters Inc., Hyperion Catalysis International, Johnson Matthey Plc, Mach I Inc., Nanophase Technologies Corporation, NexTech Materials Ltd., PQ Corporation, Zeolyst International, Sachtleben Chemie Gmbh, Umicore, and W. R. Grace & Co. among others.
The research report titled “Nanocatalyts: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the US, Japan, Europe (France, Germany, UK and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific) and Rest of World. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.
For more details about this comprehensive market research report, please click here
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