Transparency Market Research in its new report titled, “Nanocatalysts Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the nanocatalysts market. The TMR report anticipates that the increase in focus on environmental conservation and rise in awareness about reducing carbon footprints will drive the nanocatalysts market during the forecast period i.e, 2018-2026. Growth in demand for nanocatalysts in refineries and petrochemical plants owing to the wide usage in heavy oil upgrade, catalytic cracking of hydrocarbons, desulfurization, cleaning up oil drip, and coal liquefaction is augmenting the nanocatalysts market, says the report.
Nanocatalysts are defined as catalysts that use nanoparticles. These include nanoscale materials with at least one nanoscale dimension. Nanocatalysts may also have modified nanoscale structure to increase the catalytic properties. Nanocatalysts are used to accelerate or decelerate the rate of change of chemical reactions without getting consumed and without changing their permanent physical or chemical states. Nanocatalysts are becoming prevalent in the market owing to their ability to provide larger surface area to accelerate the rate of reactions.
The TMR report has segregated the nanocatalysts market in terms of chemical properties, application and region. In terms of chemical properties, the nanocatalysts market is split into nanoparticle catalysts, nonporous catalysts, nanocrystalline catalysts, and supramolecular catalysts. In terms of application, the nanocatalysts market is classified into biomass, oil and gas, fossil fuel, oil refineries, fuel cells, water and waste water treatment, environmental applications and pharmaceuticals. Among these, the oil refineries segment accounts for significant share of the market owing to its wide application in treating hydrocarbons in refineries. Environmental is a rapidly growing segment of the nanocatalysts market owing to the increase in awareness about environmental conservation, asserts the TMR analyst.
From a geographical perspective, the nanocatalysts market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constitutes key share of the nanocatalysts market due to the large manufacturing base, rise in demand for industrial nanocatalysts, and increase in fuel consumption by transportation practices in the region. North America and Europe follow Asia Pacific. Furthermore, demand for biodiesel is increasing, especially in countries such as the U.S., Germany, France, Italy, and Japan, owing to the decrease in petroleum reserves. This, in turn, is boosting the demand for nanocatalysts, says the TMR report.
Key players operating in the nanocatalysts market are profiled in this report to give a better competitive analysis and these include BASF SE, Clean Diesel Technologies Inc., Hyperion Catalysis International Inc., Johnson Matthey Plc., Mach I Inc., Headwaters Inc., NexTech Materials Limited, Nanophase Technologies Corporation, PQ Corporation, Zeolyst International, and W.R. Grace & Company.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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