Catalyst Regeneration market Will Experience Accelerating Growth, by reaching US$4,549.1 million by 2019.

The global catalyst regeneration market, according to Transparency Market Research, is greatly fueled by surging costs of fresh catalyst and stringent environmental regulations. A report, titled “Catalyst Regeneration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, has been recently published by TMR and is available for sale on the company website.According to the research report, the global catalyst regeneration market is projected to grow from US$3,447.0 million in 2012 to US$4,549.1 million by 2019, recording a 4.08% CAGR from 2013 to 2019. While there has been a growing demand for catalyst regeneration from emerging nations, the demand is set to go higher due to rising need from several industries. In contrast, increasing emissions during in-situ catalyst regeneration is likely to impede the growth of the market. Catalyst regeneration refers to a process that renews catalysts to make them reusable. Regenerated catalysts are used for naphtha and steam reforming. In addition alkylation, hydrogenation, hydro-desulfurization, hydro cracking, and hydrotreatment are some of the other refining processes that use regenerated catalysts.

 

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By technology, the catalyst regeneration market is bifurcated into onshore and offshore regeneration. With a 62.32% share of the overall market in 2012, offshore catalyst regeneration dominated the scene owing to stringent environmental regulations that restrict harmful emissions during onshore regeneration.On the basis of geography, the global catalyst regeneration market is divided into North America, Europe, Asia Pacific, and Rest of the World. With a share of 32.15% in 2012, Asia Pacific emerged as the leader in the worldwide catalyst regeneration market. China and Japan have been identified as the leading contributors toward the growth of the region. Despite already being the largest regional market for catalyst regeneration, Asia Pacific still holds immense potential for expansion in the future thanks to developing economies.