Catalyst Regeneration Market in Asia Pacific to Propel Global Industry Growth: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has announced the addition of a report on the global catalyst regeneration industry.
The report studies the whole market scenario on the basis of the past and present condition of the catalyst regeneration industry. It is titled “Catalyst Regeneration Market By Applications (Onshore and Offshore) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.
According to the report, the global catalyst regeneration industry was valued at US$3,447.0 million in 2012. It is likely to rise at a CAGR of 4.08% during the period of 2013 to 2019 to reach an expected value of US$4,549.1 million by the end of the forecast period.
Catalyst regeneration is referred to as the process of renewal of catalysts for re-utilization. Regenerated catalysts are utilized in various processes such as reformation and refining, which includes alkylation, hydrogenation, hydro-desulfurization, hydro cracking, and hydro-treatment.
The heightening cost of new catalyst, strict environmental policies, and increase in the demand for regenerated catalysts in developing economies are expected to propel the growth in the catalyst regeneration market growth in the forecast period.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/catalyst-regeneration.htm
In 2012, the offshore catalyst regeneration market held 62.32% share of the entire market and dominated the global industry. The demand for offshore catalyst regeneration is likely to increase owing to stern environmental regulations that try to control the harmful emissions throughout the on-site process.
In Asia Pacific led the global market in 2012, holding 32.15% share of the overall market. North America stood second, holding 30.73% share of the total market. The emerging economies in the Asia Pacific are boosting the global market. The region is likely to occupy a significant share of the catalyst regeneration market during the forecast period.
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About Transparency Market Research
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.