United Kingdom Catalyst Market to be Dominated by Zeolites Segment in Forecast Period
Rising demand for various applications is expected
to drive the growth of
the United Kingdom catalyst market
during the forecast period.
According to TechSci Research report, “United
Kingdom Catalyst Market – By Region, Competition,
Forecast, and Opportunities, 2018-2028,” the United Kingdom catalyst market is anticipated to grow at a significant
rate during the forecast period due to the rising demand for catalysts in
various applications such as gas refining, petroleum refining, and water
treatment. Noble metals (such as platinum, palladium, ruthenium, rhodium, gold,
and copper) and non-noble metals (such as tungsten and molybdenum) are used for
dehydrogenation and hydrogenation, while other metals such as nickel and cobalt
are also important raw materials for catalysts. These materials speed up the
breakdown and rearrangement of aromatic and olefin fractions to yield alkanes
and naphthene. Zeolites are another type of important raw materials used in
catalysts, along with metals and chemical compounds. Zeolites are primarily
employed in catalyzing and adsorbent applications because of their porosity and
huge surface area. Zeolites' porous structure allows them to support a variety
of ions. These can be produced commercially as well as spontaneously through crystallization
reactions. In the chemical, petrochemical, and polymer industries, chemical
compounds such as sulfuric acid, hydrofluoric acid, and calcium carbonate are utilized
as catalyst raw materials for a variety of applications.
However, the scarcity of raw materials such as coal,
silicate, bauxite, zeolite, and clay and their limited coverage may hamper the growth of the market during
the forecast period.
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The United Kingdom catalyst market is
segmented into type, material, and region.
Based on type, the market is divided into heterogeneous
catalysts and homogeneous catalysts. The heterogeneous catalyst segment is
expected to witness growth during the forecast period due to the rising demand
from refineries.
Based on material, the market is segmented
into zeolites, chemical compounds, metals, and additives. Petroleum refining is
anticipated to grow at a faster rate during the forecast period. Adsorbents are
used in the petrochemical industry to remove water and sulfur traces from raw,
intermediate, and finished stream materials. Petrochemical and plastic
production in the United Kingdom, which accounts for 35% of the country’s non-oil
exports, is a world leader. Also, some petrochemical industrial facilities and
projects are slated to be built in the area. On the other hand, adsorbent is
used to remove harmful pollutants and generate high-purity feedstocks for the
plant's efficient operation. The United Kingdom is one of the largest producers
of oil and the largest export of fossils across the globe. Hence, the demand for
zeolite-based catalyst used in petroleum refining is boosting the growth of the
United Kingdom catalyst market.
Major companies operating in United Kingdom catalyst
market are:
- BASF SE
- Evonik Industries AG
- Honeywell UOP
- Johnson Matthey plc
- Ecovyst Catalyst Technologies UK
Limited
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“The Scotland region is expected to witness
significant growth in the coming years due to the presence of most of the refineries
in the region accounting for their application in the petroleum industry. The demand
for environmental catalyst will grow due to the increasing demand for technologies.
Hydrogen is the largest opportunity for creating new catalyst revenue in the
chemicals and environmental sectors. The UK has picked up the pace on
supporting this area with the Hydrogen Supply Competition being run by the
Department of Business Energy & Industrial Strategy (BEIS). Six petroleum
refineries in the UK account for a sizable portion of the market (the remaining
23%), and these facilities are key end-users of catalysts. The catalyst
industry will flourish in the market in the forecasted period” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
United Kingdom Catalyst Market, By Type
(Heterogeneous Catalysts, Homogeneous Catalysts), By Material (Zeolites,
Chemical Compounds, Metals, and Additives), and By Region, Competition,
Forecast, and Opportunities, 2028 has evaluated the future growth potential of the
United Kingdom catalyst market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the United
Kingdom catalyst market.
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