Ceramic Industry News

Catalysts Global Market Report Released

The global market for catalysts for environmental and energy applications is estimated to reach $16.3 billion in 2010 and to soar to nearly $22.5 billion in 2015, for a compound annual growth rate (CAGR) of 6.6%, according to a new study from BCC Research. The largest segment of the market, which includes environmental catalysts, is expected to increase at a five-year CAGR of 6%, rising from an estimated $12.3 billion in 2010 to nearly $16.5 billion in 2015.The other segment, made up of energy catalysts, is expected to rise from $4 billion in 2010 to nearly $6 billion in 2015, for a CAGR of 8.1%.

Among the most important applications of catalyst technologies are meeting rising energy requirements and protecting the environment. Broadly speaking, a catalyst is a substance that increases the rate of a chemical reaction by reducing the required activation energy, but which is left unchanged by the reaction.

The petroleum industry is the largest single user of catalysts, especially in producing refined products such as gasoline and diesel fuel. Catalysts also contribute to increasing the supply of petroleum by making it commercially possible to produce oil from sources once regarded as uneconomical, such as tar sands and heavy oil deposits. Catalysts are also being used to produce increasing quantities of synthetic oil and gas from coal and oil shale.

For more information, visit www.bccresearch.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.

Podcasts

Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!