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Nanocatalysts are finding an increased adoption in wide range of industries, thanks to their extremely small size and increased surface area of action, which allows them to exhibit superior catalytic activity than the traditional catalysts. Refinery, petrochemical, pharmaceutical, chemical, food processing and environmental applications are the major beneficiaries of nanocatalyst adoption.
Global nanocatalysts market is projected to reach $6.0 billion by 2015. The refinery industry represents the largest end-use segment for nanocatalysts. Environmental applications represent the fastest growing nanocatalyst market over the period 2006-2015. Growing environmental concerns such as air pollution, depleting energy sources etc., are proving to be the factors influencing the rapid adoption of nanocatalysts in environmental applications.
Nanocatalysts in petrochemical industry is estimated to contribute about $742.7 million towards the global nanocatalysts market. Nanocatalysts offer superior selectivity control at molecular level in petrochemical processes, which is one of the major driving factors for their increased adoption in the petrochemical industry. Also, their capability to increase the gasoline octane number, thereby offering premium quality fuel, is also proving to be the reason for their growing demand in this industry. Food processing industry is also one of the major markets for nanocatalysts.
Nanocatalysts in chemical industry represents a key end-use segment. Nanocatalysts, which can offer 100% selectivity to the desired product, are encouraging the chemical industry to control the production of their toxic wastage, and therefore finding an increased adoption in this industry. Chemical industry can also benefit from the enhanced rate of chemical reaction that nanocatalysts can offer.
These and other market data and trends are presented in "Nanocatalysts: A Global Strategic Business Report" published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The global nanocatalysts market is analyzed in US $ Million by the following end-use applications - Refinery, Petrochemical, Pharmaceuticals, Chemical Industry, Food Processing, Environmental Applications and Others. Analytics for the period 2001-2015 provide a comprehensive understanding of the market.
Dominant global players profiled in the report include Argonide Corporation, BASF Catalyst LLC, BASF SE, Bayer Ag, Catalytic Solution, Inc., Evonik Degussa GmbH, Genencor International, Inc., Headwaters Nanokinetix, Inc., Hyperion Catalysis International, Johnson Matthey Plc, Mach I, Inc., Nanophase Technologies Corporation, NanoScale Corporation, NexTech Materials Ltd., Oxonica, PQ Corporation, Sachtleben Chemie Gmbh, Süd-Chemie AG, Umicore NV and Zeolyst International, among others. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For more details about this research report, please visit: www.strategyr.com/Nanocatalysts_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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Global Industry Analysts, Inc.
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