Nanocatalyts: A Global Strategic Business Report
San Jose, California (PRWEB) November 25, 2013
Follow us on LinkedIn - Catalysis plays an important role in the production of a range of chemical, petrochemical, and pharmaceutical products. Production of inexpensive and efficient chemicals involves industrial catalytic processes that use a range of catalysts. Production and distribution of sustainable energy also involves the use of catalysts. The importance of catalysis can be put to perspective by the fact that about 90% of all chemical products produced involve catalysis or use of catalysts at some stage or other in the manufacturing process.
Nanotechnology in catalysis has led to the emergence of Nanocatalysts. With their extremely small size and a higher surface area, nanocatalysts demonstrate superior catalytic activity as compared to traditional catalysts. Further, nanocatalysts also increase the speed and efficiency of catalysis, which makes the processes relatively inexpensive and economically feasible. In addition, by helping accelerate chemical processes, nanocatalysts help lower the use of energy required for the process, thereby helping reduce the carbon footprint of manufacturing technologies.
Petroleum refineries represent the largest revenue contributor in the market. As demand for oil products continues to grow as a result of rising vehicle ownership and increasing industrial activity, demand for nanocatalysts in oil processing and petroleum refining processes is also expected to expand. The trend towards low sulfur content in gasoline and diesel is especially fueling gains in the market, since nanocatalysts are known to reduce sulfur as compared to conventional catalysts. Nano Pt based catalysts are being adopted in reforming process, while nano zeolites are in great demand as fluidized catalytic cracking catalysts. Nano hydroprocessing catalysts are also finding widespread use in refineries. Countries such as China and India are forecast to emerge as lucrative markets for nanocatalysts against the backdrop of strong refinery capacity expansion activity.
Stringent environmental protection and emission control regulations are also driving global demand for nanocatalysts in a range of environmental application areas. Governments across the globe are especially focusing on automobiles and the industrial sector, given the growing emission levels from these sources. Nanocatalysts are extensively used in automobile three-way catalytic converters that help reduce harmful emissions from vehicle exhaust such as NOx, HC and CO. Nanocatalysts are also being widely deployed in selective catalytic reduction (SCR) process for reducing NOx emissions from stationary industrial equipment.
Innovations in technology such as development of bimetallic nanocatalysts are also driving market growth. Further, the market is also expected to benefit from the trend towards green chemistry and the need for efficient bio-diesel and bioplastics production.
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 5.7% 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 stricter automobile and industrial emission norms will also help drive growth in the region.
Key players covered in the report include BASF SE, CDTi, The Dow Chemical Company, Headwaters Inc., Hyperion Catalysis International, Johnson Matthey Plc, Mach I Inc., Nanophase Technologies Corporation, NexTech Materials Ltd., PQ Corporation, Sachtleben Chemie Gmbh., Umicore, Zeolyst International.
The research report titled “Nanocatalyts: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the nanocatalysts market, industry overview, trends, growth drivers and issues, and recent industry activity. The report provides market estimates and projections for nanocatalysts in US dollars for major geographic markets including the US, Japan, Europe (France, Germany, UK and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific) & Rest of World.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Nanocatalysts_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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