By the OGJ Online Staff
HOUSTON, May 23 -- US sales of catalysts were estimated at $2.2 billion in 2000, and the market is forecast at $2.6 billion by 2005, Business Communications Co. Inc. (BCC), Norwalk, Conn., said in an updated study.
The chemical catalysts market was $1 billion in 2000, and is expected to grow by 4.1%/year to reach $1.3 billion by 2005.
BCC lists the market categories as hydrogenation, dehydrogenation, organic syntheses, oxidation, polymerization, and synthesis gas/syngas processes.
The petroleum refining catalyst market was $1.1 billion in 2000 and is predicted to grow 3.7%/year to $1.3 billion in 2005.
Growth is spurred by increasing demand for reformulated and other less-polluting gasolines mandated by the Clean Air Act Amendments of 1990, plus new regulations calling for reductions in sulfur content in gasolines and diesel fuel.
The major segments in this market are the major petroleum refining catalytic processes: alkylation, fluid catalytic cracking, hydrocracking, hydrodesulfurization, isomerization, and catalytic reforming.
