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World demand for catalysts by 2020 may reach 7.8 million tons

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World demand for catalysts by 2020 may reach 7.8 million tons

The world's consumption of catalysts is growing at an extremely fast pace – over the past 10 years, it has increased by an average of 6.0% per year and reached $15.95 billion (6.26 million tons) in 2013

Catalyst demand will increase by 4, 5% per year in value terms and 3.2% per year in physical terms, up to 21.50 billion dollars and 7.8 million tons in 2020, respectively.

Catalyst imports to Russia over the past 4 years increased by more than 21%, with the largest increase in imports observed in 2013 – 13%. Export  catalysts from Russia is at a very low level, but over the past 4 years it has increased by almost 7 times.

In early 2015 by the Industrial Information Agency completed a study of the Russian and world market of catalysts in the chemical and oil refining industries. The study assessed the state of the market in the following areas:

-    Production and consumption of catalysts in Russia
-    Main Applications
-    Russian manufacturers
-    Dynamics of foreign trade
-    Forecast for the development of the catalyst market in the Russian Federation until 2020-30

With the full content of market research on the catalyst market in here.

Project number: API-1716