Apart from surging demand in developing nations, the global catalyst regeneration market is also significantly gaining from the implementation of stringent environmental regulations. A new report by Transparency Market Research (TMR), titled “Catalyst Regeneration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” provides an in-depth analysis of the growth trajectory exhibited by the market.
It provides a comprehensive overview of the market, covering various growth drivers and factors restraining the market. According to the TMR report, the global catalyst regeneration market stood at US$3.44 bn in 2012. Rising at a CAGR of 4.08% from 2013 to 2019, the market is projected to reach nearly US$4.55 bn by the end of 2019.
Catalyst regeneration aids in renewing catalysts. The process renders catalysts usable after initial usage. Regenerated catalysts can be put to use across diverse processes such as refinery process converting low octane products into high octane reformates. They can also be used for both naptha and steam reforming. Some other processes that use regenerated catalysts for decontamination include hydro cracking, alkylation, hydrogenation, hydro-treatment, and hydro-desulfurization.
Emerging nations have been exhibiting rising demand for catalyst regeneration as the consumption by several industries is set to grow higher. However, in contrast, the increasing emissions of toxic gases during in-situ catalyst regeneration is likely to hamper the market’s growth of an extent.
On the basis of technology, the catalyst regeneration market has been bifurcated into offshore and onshore regeneration. Holding a share of 62.32% in 2012, the offshore catalyst regeneration segment emerged dominant in the market due to stringent environmental regulations restricting harmful emissions in onshore regeneration.
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Regionally, the global catalyst regeneration market has been segmented into Europe, North America, Asia Pacific, and Rest of the World. Among these regions, Asia Pacific led the global market accounting for a share of 32.15% in 2012. The increasing demand from Japan and China will further boost demand from the Asia Pacific catalyst regeneration market, as per the findings of the study. Despite being the largest market, Asia Pacific still exhibits immense potential for the market’s expansion in the near future thanks to the demand witnessed in the developing nations of the region. During the same time, North America and Europe together held the second-largest share in the global catalyst regeneration market.
A few of the notable enterprises operating in the market include Johnson Matthey PLC, Haldor Topsoe, Albemarle Corporation, Eurecat U.S. Inc., TriCAT GmbH Catalyst Services, BASF SE, Bayer Technology Services GmbH, Porocel Adsorbents, CoaLogix, Inc., and others. Of these, Albemarle Corporation, Porocel Adsorbents, and Catalysts & Services dominated the market in 2012, collectively accounting for a share of over 50% of the market. These companies are profiled in the report in order to present a detailed overview of the prevailing competitive landscape in the global catalyst regeneration market.
The report segments the global catalyst regeneration market as:
Catalyst Regeneration Market: Technology Analysis
- Onshore
- Offshore
Catalyst Regeneration Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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