Catalysts for Energy Market Segmentation:
Petrochemicals Segment Analysis
Olefin segment is projected to capture a 70% share of the catalysts for energy market, leading the petrochemicals sector, propelled by the increasing demand for ethylene and propylene in the production of plastics and synthetic materials. The U.S. Energy Information Administration (EIA) indicates a steady annual growth rate of 3.4% in global olefin production until 2035, driven by heightened consumption in the automotive and packaging industries. Furthermore, technological innovations that enhance catalyst selectivity and longevity are also contributing to the rising market demand.
Specialty Chemicals Segment Analysis
Green catalyst systems segment is anticipated to hold substantial share in the global catalysts for energy market, driven by the stringent environmental regulations, including the EU Green Deal and the sustainable chemical initiatives from the U.S. EPA. The European Chemicals Agency (ECHA) points out that nearly 47% of hazardous substances have been eliminated since 2010, promoting the use of safer, environmentally friendly catalysts. The drive towards carbon neutral production and the use of biobased feedstocks is further propelling the adoption of these systems in this specific area.
Our in-depth analysis of the global catalysts for energy market includes the following segments:
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Subsegment |
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Petrochemicals |
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Specialty Chemicals |
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Industrial Gases |
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Refining |
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Pharmaceuticals |
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