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Study #2125 January 2007

$5500 431 Pages

World Catalysts

Industry Study with Forecasts to 2010 & 2015

Single-site catalysts will achieve double digit gains as they find greater acceptance in polymer capacity additions, especially in the Mideast where natural gas-rich nations are expanding their polymer capacity.

World demand to rise 3.6% annually through 2010

World catalyst demand will rise 3.6 percent per year to $12.3 billion in 2010, aided by a healthy world economy, and growing demand by the chemical, polymer and refining industries for more energy efficient processes and prod- ucts. After experiencing robust growth in recent years due to rapidly rising prices, catalyst demand will moderate in the near term due to falling raw material and energy costs. Further out, growth will ac- celerate as prices rise again and compa- nies continue to move to newer, higher- value and energy efficient products.

Chemical Synthesis 36%

Polymerization 35%

Petroleum Refining 28%

World Catalyst Demand by Type ($12.3 billion, 2010)

photo courtesy of BASF

of sulfuric acid prices in North America closer to historical levels will prevent even faster advances. Slower gains in North America and Western Europe will be offset by rapid growth in Asia and other developing regions as rising per capita incomes boost gasoline demand, and as developing countries begin im- posing stricter sulfur regulations to fight air pollution.

Weakness in Western Europe will be offset by expanding production in China and India, and rapid growth in the Africa/ Mideast region where basic organic and petrochemical production account for a greater share of chemical output.

Organometallics to lead gains by material

Chemical synthesis catalyst demand growth will be led by strong growth in enzymes and biocatalysts used in the production of ethanol, particularly in North America. Organic synthesis and oxidation catalysts will also experience healthy gains, though demand for hydro- genation catalysts will trail the average.

Organometallic catalyst materials will achieve the fastest growth, driven by their use in polymer production. En- zymes and biocatalysts will also achieve strong gains due to the rapid increase in the production of the biofuel ethanol from corn and other starch sources. Basic and precious metal catalysts will experience moderate advances.

Polymerization catalysts to grow the fastest

Reflecting continued strong growth in polymer demand and production, poly- mer catalysts will experience the fastest gains. Single-site catalysts will achieve double digit advances as they find greater acceptance in new capacity ad- ditions, particularly in the Mideast where natural gas-rich nations such as Iran and Saudi Arabia are rapidly expanding their polymer capacity. Other polymerization catalysts, such as the more traditional Ziegler-Natta catalysts, will also achieve strong gains, as their established track record continues to make them attractive options, particularly at existing plants.

Refining catalyst growth will be aided by strong volume gains and a continued improvement in prices for fluid catalytic cracking catalysts. However, the return

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