The
global catalyst regeneration market is projected to grow from
US$3,447.0 million in 2012 to US$4,549.1 million by 2019, recording a
4.08% CAGR from 2013 to 2019. While there has been a growing demand
for catalyst regeneration from emerging nations, the demand is set to
go higher due to rising need from several industries. In contrast,
increasing emissions during in-situ catalyst regeneration is likely
to impede the growth of the market. Catalyst regeneration refers to a
process that renews catalysts to make them reusable. Regenerated
catalysts are used for naphtha and steam reforming. In addition
alkylation, hydrogenation, hydro-desulfurization, hydro cracking, and
hydrotreatment are some of the other refining processes that use
regenerated catalysts.
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By
technology, the catalyst regeneration market is bifurcated into
onshore and offshore regeneration. With a 62.32% share of the overall
market in 2012, offshore catalyst regeneration dominated the scene
owing to stringent environmental regulations that restrict harmful
emissions during onshore regeneration.On the basis of geography, the
global catalyst regeneration market is divided into North America,
Europe, Asia Pacific, and Rest of the World. With a share of 32.15%
in 2012, Asia Pacific emerged as the leader in the worldwide catalyst
regeneration market. China and Japan have been identified as the
leading contributors toward the growth of the region. Despite already
being the largest regional market for catalyst regeneration, Asia
Pacific still holds immense potential for expansion in the future
thanks to developing economies.
North
America and Europe form the second largest regional markets for
catalyst regeneration, driven by lower prices and rising popularity
of offshore applications. The Rest of the World region – comprising
Russia, Latin America, and the Middle East – presently present
relatively lower volumes of catalyst regeneration. However, this
region also holds many possibilities for future growth.The notable
players functioning in the global catalyst regeneration market
include TriCAT GmbH Catalyst Services, Haldor Topsoe, Eurecat U.S.
Inc., Johnson Matthey PLC, STEAG Energy Services, LLC, Albemarle
Corporation, CoaLogix, Inc., Axens S.A., BASF SE, Bayer Technology
Services GmbH, and Porocel Adsorbents, Catalysts & Services. Of
these, Porocel Adsorbents, Albemarle Corporation, and Catalysts &
Services dominate the competitive landscape with a share of over 50%
in 2012 in terms of revenue. These players are profiled in the
catalyst regeneration market research report on the basis of
attributes such as company and financial overview, product portfolio,
recent developments, business strategy, strengths, weaknesses,
opportunities, and threats.
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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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