Malaysia Catalyst Market to be Dominated by Polymer & Petrochemical Segment Through 2028
Malaysia
Catalyst Market is expected to grow in the forecast period 2024-2028 due to the
growing demand for chemical synthesis processes.
According to TechSci Research report, “Malaysia Catalyst
Market- By Region, Competition, Forecast and Opportunities, 2018-2028”, Malaysia catalyst market size is anticipated
to increase at a substantial rate in the forecast period. A significant factor fueling the growth of Malaysia
catalyst market due to increasing demand for polymer and petrochemical products
which are used for various purposes. Heterogeneous supported catalysts based on
titanium compounds, are used in polymerization reactions in combination with cocatalysts , and organoaluminum compounds such as
triethylaluminium, Al(C2H5)3. Furthermore,
environmental catalysts are in great demand because they assist manufactures in
meeting strict regulatory demands regarding to reduce carbon dioxide, NOx, and
Sox emissions. Growing carbon emissions and associated climate change have
compelled the government to transition to renewable energy sources, and growing
government activities in this area are encouraging industry to switch to
alternative fuel.
The growing
use of alternative energy and fuels such as biodiesel and shale gas fuel are
predicted to increase demand for catalysts in the near future. Moreover, catalysts
are also used in hydrogenation, dehydrogenation, amination, oxidation,
halogenation, dehydration, and hydration reactions to produce various
petrochemical products. For example, zeolite catalysts are used on a large
scale in the petroleum industry to produce high-grade propellants. In addition to this, zeolites can also
be used to couple very small hydrocarbons such as ethene and propene to obtain medium
chain length higher quality products which propels the growth of Malaysia
Catalyst Market.
For instance, BASF produced fixed bed and slurry catalysts that are used in various
petrochemical processes including hydrogenation, dehydrogenation,
amination, oxidation, halogenation, dehydration, and hydration reactions.
Furthermore,
the market is being further stimulated by increasing demand for chemical
synthesis, petroleum refinery, environmental processes, etc.
However, high production and processing costs as
well as technological advancements in fields like chemical synthesis, are restraining
the market growth. Also, sintering or thermal deactivation is one of the major
processes for losing the activity of the catalyst, particularly in case of high
temperature process such as steam reforming, catalytic combustion, etc., further
slowing down the market growth.
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Figures spread through XX Pages and an in-depth TOC on the "Malaysia Catalyst Market."
Malaysia
Catalyst Market is segmented based on type, material,
application, and region.
Based on the type, the market is divided into heterogeneous
catalysts and homogeneous catalysts. Heterogeneous catalysts segment is expected
to hold the largest market share in the forecast period. Heterogeneous catalysts possess properties
like easily recyclable, eco-friendly, as well as ease to use and
cost-effectiveness and are made from homogeneous materials using solid supports.
Based
on the material, the market is fragmented into zeolites, chemical compounds,
metals, additives, and others. Chemical compounds segment is expected to hold
the largest market share in the forecast period. As, chemical compounds such as sulphuric
acid, calcium carbonate, and hydrofluoric acid are used as catalyst raw
material for chemical, petrochemical, and polymer industries.
Based
on application, the market is categorized into petroleum refining, chemical
synthesis, polymers and petrochemicals, environmental, and others. Chemical
synthesis segment is expected to hold the largest market share in the forecast
period. As the application of catalysts in chemical synthesis is popular for their superior characteristics and properties, such as promoting enantioselective processes, alkene, alkyne activation, & higher stability that help in the production of various chemical products.
Major companies operating in the Malaysia Catalyst Market are:
·
BASF
(Malaysia) Sdn. Bhd.
·
W R
Grace Specialty Chemicals (Malaysia) Sdn. Bhd.
·
Clariant
(Malaysia) Sdn Bhd
·
Evonik
Malaysia Sdn Bhd
·
Honeywell
International Sdn. Bhd.
·
Johnson
Matthey Sdn Bhd
·
Dow
Chemical Pacific Ltd
·
Topsoe
Sdn. Bhd.
·
Axens
South East Asia Sdn Bhd
·
Shell
Malaysia Plc
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“Malaysia Catalyst Market has seen significant growth in recent years,
driven by the increasing demand for cleaner fuel that increase the demand of
alternative fuel materials and also modified the combustion process of
conventional fuel by using catalyst that help in the production of cleaner
fuels such as natural gas as well as catalysts also help to improve the
efficiency of combustion process, that lead to lower emissions and improved air quality. Moreover, the innovative product launches are an
important factor for growth of the catalyst market that enable companies to
showcase their latest innovations by investing in the research development activities
to develop new and improved catalysts, creating huge prospects of market growth
during the forecast period” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Malaysia Catalyst Market, By Type (Heterogeneous
Catalysts, Homogeneous Catalysts), By Material (Zeolites, Chemical Compounds,
Metals, Additives, Others), By Application (Petroleum Refining, Chemical
Synthesis, Polymers and Petrochemicals, Environmental, Others), By Region,
Competition, Forecast & Opportunities, 2018-2028F,
has evaluated the
future growth potential of Malaysia 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 Malaysia catalyst market.”
Contact
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