Irving, Texas (PRWEB) March 17, 2013
The global catalysts industry experienced modest growth during 2007-2012. It is expected to retain similar growth over 2013-2018 led by continuous expansion of chemical and automobile sectors, the end-users of catalysts upon whose performance the industry growth is directly dependent. Lucintel estimates industry revenue to reach $19.6 billion by 2018 with modest growth over the next five years (2013-2018). Growing chemical and automobile industries are the major drivers of the industry. New products, emerging markets, and new technologies also stimulate industry growth.
Lucintel, a leading global management consulting and market research firm, has analyzed global catalysts industry and offers its findings in its comprehensive research report, “Global Catalysts Industry 2013-2018: Trend, Profit, and Forecast Analysis.”
This report is geographically segmented into four regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW). Europe dominates the industry, but North America and Europe is forecast to witness the highest growth over 2013-2018
Lucintel has identified that the high level of investment involved, highly technical process involved, and technology norms are some of the major growth challenges. Increasing environmental preservation, growing demand for green chemistry, emerging demand for less toxic material, high energy cost, and increasing industrial application are the drivers providing the industry with competitive advantage.
This market report is an indispensable reference gu
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