The Inorganic Catalyst Global Market Report 2023, provides comprehensive information on the inorganic catalyst market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Inorganic Catalyst Global Market Report 2023, the global inorganic catalyst market size is expected to grow from $24.82 billion in 2022 to $25.94 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global inorganic catalyst market size is expected to reach $30.33 billion in 2027 at a CAGR of 4.0%
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Technological advancements are a key trend gaining popularity in the inorganic catalysts market. Major companies in the market are introducing innovative technologies such as the tri-metal catalyst technology to sustain their position in the market. For instance, in March 2020, BASF, a Germany-based chemical company, launched innovative tri-metal catalyst technology. The new technology enables the partial substitution of palladium with platinum in light-duty gasoline vehicles without the loss in emission standards. It would reduce the catalytic converter costs and rebalance the demand for platinum group metals.
The inorganic catalyst market is segmented:
1) By Type: Zeolites, Metals, Chemical Compounds, Other Types
2) By Process: Recycling, Regeneration, Rejuvenation
3) By Applications: Petroleum Refining, Chemical Synthesis, Polymers And Petrochemicals, Environmental
Asia-Pacific was the largest region in the inorganic catalyst market in 2022.
The table of contents in TBRC’s inorganic catalyst market report includes:
- Executive Summary
- Inorganic Catalyst Market Characteristics
- Inorganic Catalyst Market Trends And Strategies
- Inorganic Catalyst Market – Macro Economic Scenario
- Inorganic Catalyst Market Size And Growth.
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- Africa Inorganic Catalyst Market
- Inorganic Catalyst Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Inorganic Catalyst Market
- Inorganic Catalyst Market Future Outlook and Potential Analysis
- Appendx
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