The global catalyst regeneration market is estimated to value US$ 4.3 Bn in 2017, and is projected to register a CAGR of 5.3% in terms of value during forecast period 2017–2026. The first five-year cumulative revenue (2017–2021) is projected to be US$ 23.8 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Increasing demand for catalyst regeneration processes from various end-use industries, owing to rapidly increasing industrialization is a key factor expected to drive growth of the global catalyst regeneration market over the forecast period.
The global catalyst regeneration market report has been segmented on the basis of type, application, and region. On the basis of type, the target market is segmented into on-site regeneration and off-site regeneration. The off-site regeneration type segment is expected to register significant growth in terms of revenue over the forecast period, owing to increasing preference towards off-site regeneration technique due to its factors such as safety, better activity recovery, and time consideration. The off-site regeneration segment is expected to be fastest growing type segment in the global catalyst regeneration market with a CAGR over 5% between 2017 and 2026
On the basis of application, the target market is segmented into coal power plant & refineries, cement plant, steel plant, and others (R&D centers, testing facilitates, environmental processors). The coal power plant & refineries segment is expected to account for highest revenue share among the application segments in the global catalyst regeneration market, which is projected to expand at highest CAGR of over 5% over the forecast period.
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On the basis of region, the global catalyst regeneration market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.The market in Asia Pacific accounted for highest revenue share in the global catalyst regeneration market in 2017, and is expected to register a CAGR over 5.5% between 2017 and 2026. The market in Asia pacific is estimated to be highest share in terms of revenue over the forecast period, owing to increasing technological advancements and increasing adoption of petrochemical products in various countries in the region. The market in Europe is expected to register significant share in terms of revenue over the forecast period, owing to increasing government initiatives for spreading awareness regarding the reuse or catalyst and stringent environmental regulations in various countries in the region.
Key players operating in the global catalyst regeneration market include CORMETECH, Inc., EBINGER Katalysator Service GmbH & Co. KG, Fujian Longking Co., Ltd., Spic Yuanda Environmental-Protection Co., Ltd., Tianhe (Baoding) Environmental Engineering Co., Ltd., Zhejiang Tuna Environmental Science & Technology Co., Ltd., Johnson Matthey Catalysts Limited, Haldor Topsøe A/S, and Jiangsu Yangzi catalyst Co., Ltd.