The global catalyst market is driving transformation in the industry, with steady growth expected.
The global catalyst market generated approximately $35.5 billion in sales in 2022 and is poised to ignite transformation and innovation. Industry experts predict that this market will achieve an estimated revenue of $54.6 billion by 2031. This anticipated surge highlights a stable compound annual growth rate (CAGR) of 4.9% during the forecast period from 2023 to 2031. Catalysts are the invisible sparks that fuel various chemical reactions and play an essential role in the manufacturing processes of countless products that are part of our daily lives. From petroleum refining and pharmaceutical manufacturing to environmental conservation, catalysts are agents of transformation that enable industries to optimize efficiency and minimize waste. For application methods, please check the [PDF download] button or apply directly through the related links.
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Major Companies: Johnson Matthey Dow Chemical Company ExxonMobil Corporation Dorf Ketal Chemicals Pvt Ltd W.R. Grace & Co Clariant AG Chevron Phillips Chemical Company Evonik Industries BASF SE Albemarle Corporation
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