The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The North America industrial catalyst market reached a value of US$ 6.25 Billion in 2020. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Catalysts refer to substances that speed up or initiate reactions by providing an alternative path of reaction with a lower activation energy than the uncatalyzed reaction. They accelerate both the rates of the forward and reverse reaction so that the equilibrium constant remains the same. Catalyzed reactions form the basis of many industrial chemical processes. They are extensively used in the food industry, pollution control and for producing petroleum, energy, chemicals and polymers. Owing to the huge demand, catalyst manufacturing has itself emerged as a rapidly growing industrial process.
The North America industrial catalyst market is currently being driven by several factors. Industrial catalysts are majorly being used in petroleum refining and basic petrochemical industries as there is an increasing demand for these products. Petroleum- based fuels such as diesels, gasoline, kerosene, fuel-oils and jet fuels are the most widely consumed fuels in the region. The demand for these petroleum products from the industrial and power generation sectors is anticipated to drive the demand for the catalyst industry. Moreover, the escalating usage of industrial catalyst in the automotive sector has fueled the market growth in the region. The demand for palladium continues to rise which is used during the manufacturing of catalytic converters, as it helps to reduce toxic emissions. Apart from this, catalysts are also used in the pharmaceutical industry because of the rising demand for chiral compounds. Normally, the compounds used in pharmaceuticals are generally complex multifunctional molecules which are built up by a sequence of chemical reactions. Industrial catalysts also help in the production of cleaner fuels and lubricants with increased performance properties.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America industrial catalyst market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type, raw material and application.
IMARC Group’s latest report provides a deep insight into the North America industrial catalyst market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America industrial catalyst market in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Raw Material, Application, Country|
|Countries Covered||United States, Canada, Mexico|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 2499
Five User License $ 3499
Corporate License $ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at