Catalyst Regeneration Market By Type (On-site Regeneration, Off-site Regeneration) By Application (Coal Power Plant, Cement Plant, Steel Plant, Others (R&D centers, Testing facilitates, Environmental processors)) and Region - Global Forecast to 2026
31 May 2018
The global catalyst regeneration market is estimated to value US$ 4.3 Bn in 2017, and is projected to register a CAGR of 5.3% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the global catalyst regeneration market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for in-depth understanding of the market. The report offers insightful and detailed information regarding the various key players operating in the global catalyst regeneration market, their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint. The global catalyst regeneration market is segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Catalyst regeneration is a process of renewing a catalyst or making it reusable after it has accumulated reaction residues. Catalyst regeneration is a catalyst activity regeneration process, by which performance of the catalyst is improved. Regeneration process includes controlled oxidation process, by which removing coke and other combustible elements. Extensive monitoring is required to measure properties of the spent catalysts and their suitability for reuse of catalysts after regeneration process.
Global Catalyst Regeneration Market Dynamics:
Major factors driving growth of the global catalyst regeneration market over the forecast period, owing to rapidly increasing industrialization in developed as well as in developing countries and rising demand for catalyst regeneration process from various end-use industries such as refineries, steel plants, and cement plants.
In addition, stringent government regulations and environmental protection bodies are other factors expected to further fuel growth of the target market. With the emergence of carbon emission regulations and policies such as Bharat Stage emission standards in India, National Ambient Air Quality Standards in the US, and Euro standards in Europe, there has been a significant change in equipment produced for emission control, particularly the ones that are based on catalysts. Moreover, consistent development of new catalysts in the market encourages industrial and automobile catalyst manufacturers to upgrade technology, resultantly replacing the older catalysts.
However, limitation to regeneration of spent catalyst, owing to various contaminants such as arsenic, vanadium, or silicon is a key factor expected to restrain growth of the target market over the forecast period.
Increasing technological advancements and rising research and development activities by government and manufacturers are expected to create potential revenue opportunities for players operating in the target market in the near future. The majority of the new capacity is anticipated to be located in developing regions supported by growing oil demand, which is expected to result in high demand for catalysts, thereby fueling growth of the global catalyst regeneration market
Ongoing trend observed in the target market is increasing consumer preference towards Nano-catalysts instead of traditional catalysts.
Analysis by Product Type:
Among all the type segments, off-site regeneration segment in the global catalyst regeneration market has been estimated to account for majority revenue share, and is expected to register CAGR of over 5% over the forecast period.
Analysis by Application:
Among the application segments, the coal power plant & refineries segment in the global catalyst regeneration market has been estimated to account for majority revenue share, and is expected to continue its dominance over the forecast period. The steel plant segment is expected to contribute second-largest share in the global market in terms of revenue. This can be attributed togrowing demand from steel plant in applications such as automotive, manufacturing, packaging, and construction over the forecast period.
Analysis by Region:
The market in Asia Pacific accounted for revenue share in the global catalyst regeneration market in 2016, and is expected to register a CAGR over 5% over the forecast period (2017–2026). The growth in the Asia Pacific region is driven by increasing demand for petrochemical products in emerging countries such as China and India.
Market in North America is anticipated to grow at a steadily, while demand for catalyst regeneration in Asia Pacific is forecasted to increase significantly in next ten years. The market in emerging countries in Asia Pacific region is registering fastest growth for catalyst regeneration market.
In addition, increasing investments by prominent petrochemical companies to boost overall production capacity, with the objective of fulfilling growing demand for petrochemical products in the region, is another factor expected to fuel adoption of catalysts and catalytic regeneration processes in industries in the region.
Furthermore, increasing environmental regulations coupled with government initiatives for spreading awareness about catalyst regeneration processes are other factors expected to boost growth of the in the near future.
The market in Europe accounted for revenue share in the global catalyst regeneration market in 2016, and is expected to register a CAGR over 5% over the forecast period (2017–2026).
Increasing stringent environmental regulations in countries in the region limiting use of fresh catalysts, coupled with increasing government initiatives for spreading awareness about reuse of catalyst, through regeneration processes are major factors expected to drive growth of the catalyst regeneration market in Europe.
Strong presence of prominent international players such as EBINGER Katalysator Service GmbH & Co. KG, Johnson Matthey Catalysts Limited, and Haldor Topsøe A/S, coupled with significant presence of several domestic players in countries in this region is another factor expected to drive growth of the Europe catalyst regeneration market over the forecast period.
The market in South America and Middle East & Africa is currently an emerging market and is expected to present opportunities to key players operating in other regions. Rising global demand for petrochemical products, significant presence of prominent international exporters of crude oil, and increasing government initiatives for boosting overall capacity of exports are major factors driving growth of the South America and Middle East & Africa market.
Moreover, governments in countries such as Saudi Arabia, Kuwait, Nigeria, and Iraq are encouraging foreign investors to setup refinery and production facilities, which is another major factor expected to boost demand for catalysts and in turn boost growth of the South America and Middle East & Africa market over the forecast period.
In terms of volume consumed, Asia Pacific is expected to lead, followed by markets in Europe, North America, and South America and Middle East & Africa during the forecast period.
Global Catalyst Regeneration Market Segmentation:
Segmentation by type:
- On-site Regeneration
- Off-site Regeneration
Segmentation by application:
- Coal Power Plant
- Cement Plant
- Steel Plant
- Others (R&D centers, Testing facilitates, Environmental processors)
Segmentation by region:
- North America
- Asia Pacific
- South America and Middle East & Africa
- CORMETECH, Inc.
- EBINGER Katalysator Service GmbH & Co. KG
- Fujian Longking Co., Ltd.
- Spic Yuanda Environmental-Protection Co., Ltd.
- Tianhe (Baoding) Environmental Engineering Co., Ltd.
- Zhejiang Tuna Environmental Science & Technology Co., Ltd.
- Johnson Matthey Catalysts Limited
- Haldor Topsøe A/S
- Jiangsu Yangzi catalyst Co., Ltd.
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
- 2.2.4 Prudour Opportunity Map Analysis
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