SAN FRANCISCO, Aug. 20, 2019 /PRNewswire/ -- The global Biofuels catalysts industry is expected to display higher growth rate over the coming years. Rapid surge in Biofuels Catalysts Market is credited to the increasing focus towards incorporation of renewable energy and depletion of fossil fuels. Favorable government policies to curb carbon emission are expected to drive the growth of market over the forecast period. Globally, biofuels catalysts market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of biofuel catalysts.
Development of advanced biofuels with the help of catalysis process, thus producing a renewable transportation fuel is the key market trend associated with biofuels catalysts industry. These types of advanced biofuels are increasingly used in conventional engines and existing infrastructure. Use of solid biofuel catalyst for production of advanced biofuels and cellulosic biofuels with high efficiency and implementing low cost solution is expected to fuel market demand over the coming years. Increasing adoption of biofuel catalyst to support incorporation of biomass for transportation fuels is strengthening market growth as well.
Additional advantages of biofuels including no requirement of purification process are projected to favor market developments over the coming years. Increasing investment by large-scale businesses for research & development activities to enhance capability and selectivity of existing catalysts for renewable applications, is estimated to augment the growth of biofuel catalyst market in the years to come. The biofuels catalysts industry is divided as per product basis such as alkaline catalyst, acid catalyst, and enzyme catalysts. Alkali and acid catalysts are increasingly adopted for manufacturing of biofuels due to their easy availability.
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The biofuels catalysts industry is broadly categorized into two major segments based on the application type such as refineries and oil processing enterprises. Oil processing enterprises segment is growing rapidly in the industry with substantial revenue generation in the last few years. Growing popularity of biofuels catalysts in oil processing enterprises segment is attributed to the easy availability of raw materials and increasing product penetration in the global market.
The biofuels catalysts industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.
Asia-Pacific region is estimated to hold a major share in the biofuels catalysts industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid industrialization, favorable government policies to curb carbon emission and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the biofuels catalysts industry are W.R.Grace & Co., BHR Biofuels Ltd., BASF SE, Solvionic S.A., Clariant Corp., BTG Biomass Technology B.V., Honeywell International, Inc., and Sud-Chemie Pvt., Ltd.
The Global Biofuels Catalysts Industry Situation and Prospects Research report is a professional and in-depth study on the current state of the Biofuels Catalysts industry.
In 2016, the world economy expanded by just 2.2 per cent, the slowest rate of growth since the Great Recession of 2009. Underpinning the sluggish global economy are the feeble pace of global investment, dwindling world trade growth, flagging productivity growth and high levels of debt. World gross product is forecast to expand by 2.7 per cent in 2017 and 2.9 per cent in 2018, with this modest recovery more an indication of economic stabilization than a signal of a robust and sustained revival of global demand. Given the close linkages between demand, investment, trade and productivity, the extended episode of weak global growth may prove self-perpetuating in the absence of concerted policy efforts to revive investment and foster a recovery in productivity. This would impede progress towards the Sustainable Development Goals (SDGs), particularly the goals of eradicating extreme poverty and creating decent work for all.
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For the sake of making you deeply understand the Biofuels Catalysts industry and meeting you needs to the report contents, Global Biofuels Catalysts Industry Situation and Prospects Research report will stands on the report reader's perspective to provide you a deeply analysis report with the integrity of logic and the comprehensiveness of contents. We promise that we will provide to the report reader a professional and in-depth industry analysis no matter you are the industry insider potential entrant or investor.
Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Biofuels Catalysts market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status.
Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (North America, Europe, Japan, India, China and The rest of the world), and other regions can be added.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Biofuels Catalysts industry development trends and marketing channels are analyzed.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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