Asia-Pacific is the largest regional market for catalysts accounting for a 35 % market share in 2015, owing to the fact that the region has 30% of the worlds petroleum refining capacity and polymer.
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Polymer synthesis catalysts, accounting for 27% of the market, are expected to grow at a slightly higher rate. Increasing demand for polymers and automobiles and also the imposition of regulations for the development of better standard products is expected to enhance the worldwide demand during the forecast period.
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The principal market driver for catalyst industry in Asia-Pacific is the growing per capita income reflected by a higher GDP growth leading to a higher consumption of petroleum products including motor vehicles, polymers and chemicals. Increasing refinery market output in the region and the shift of catalyst manufacturing base to Asia-Pacific from North America and Europe is expected to increase the petroleum refining catalyst demand as well as decrease imports.
Hydroprocessing catalyst market to process sour (high sulfur) crude is boosted by the presence of more stringent vehicle emission standards which require low sulfur fuel. China and India are expected to drive rapid growth, offsetting slower growth in Japan.
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Market Dynamics of the Asia-Pacific Market for Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis:
A major driver in this market is the increasing demand for petroleum products and polymers. There is also a rise in demand for high-octane fuels and stringent environmental norms against the use of large amounts of sulphur in fuel thus, increasing the innovation in the market for more environment-friendly products.
The high manufacturing costs and the depleting natural resources are the restraints to this market. Other factors like the fluctuating precious metal prices and the weakening economy in many countries also weaken the market growth.
The Asia-Pacific market for catalysts in petroleum refining, chemicals and polymer synthesis is segmented by chemical metals (metals and organometallic catalysts, aluminosilicates, chemical compounds and other catalysts), by application (petroleum refining catalysts, chemical synthesis catalysts and polymerization catalyst) and by geography (India, China, Japan and other countries). The key players in this industry are:
Bayer technologies Ltd.
Catalytic Distillation Technologies
Nova Chemicals Inc.
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Key Deliverables in the Study:
Analysis of the Asia-Pacific market for catalysts in petroleum refining, chemicals and polymer synthesis, with region specific assessments and competition analysis on a regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Asia-Pacific market for catalysts in petroleum refining, chemicals and polymer synthesis on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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