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ALBANY, New York,
February 26, 2013 /PRNewswire/ --
Transparency Market Research (
http://www.transparencymarketresearch.com) has released a new market report titled "
Refinery (FCC, Hydrocracking, Catalytic Reforming), Synthesis, Polymer & Environmental Catalyst Market - Global Industry Analysis by Material (Zeolites, Metal, Others), by Type (Homogenous & Heterogeneous), Catalyst Regeneration (Off-site & On-site), Size, Share, Growth, Trends and Forecast, 2012 - 2018," which estimates that the catalysts demand in 2012 was worth
USD 19.2 billion and is forecast to reach
USD 24.1 billion by the end of 2018, growing at a CAGR of 3.9% from 2012 and 2018.
North America had garnered highest revenue share in the global catalysts market in the year 2012.
Browse the full report at http://www.transparencymarketresearch.com/global-refinery-catalyst-market.html
catalysts market is dominated by
Asia Pacific, which accounted for 33% of total volume consumed across the world in 2011. Growth of the catalysts market in
Asia Pacific is mainly driven by growing demand from the chemicals industry.
Asia Pacific is leading the global chemical industry in terms of both production and consumption. The demand for catalysts in
Asia Pacific is expected grow at a rapid pace as compared to
North America and
Asia Pacific was followed by
North America with 30.6% share in total volume consumption. Growth of the catalysts market in
North America is mainly driven by growing demand for catalysts from petroleum refineries.
Europe is another important geography, where increasingly stringent regulations are driving demand for environmental catalysts.
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