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Demand for energy and environmental protection catalysts
According to a recent report from BCC Research, a leading U.S.-based market research firm, the global energy and environmental catalyst market was valued at $12.2 billion in 2006. The market is projected to grow steadily, reaching $13 billion in 2007 and expected to hit $18.5 billion by 2012, reflecting an average annual growth rate of 7.4%. This growth is driven by increasing demand for cleaner technologies and stricter environmental regulations worldwide.
Within the energy catalyst segment, refining catalysts dominated the market, accounting for nearly 90% of the total share in 2006. However, this share is anticipated to decline slightly between 2006 and 2012, mainly due to the rising adoption of synthetic fuels and biofuels. Despite this shift, refining catalysts are still expected to hold around 75% of the energy catalyst market by 2012, highlighting their continued importance in the industry.
On the environmental side, catalysts used to reduce emissions from mobile sources—particularly those in automotive exhaust catalytic converters—made up nearly 50% of the global environmental catalyst market in 2006. Meanwhile, catalysts designed for stationary sources, such as power plants and industrial facilities, accounted for approximately 31% of the market. These figures underscore the critical role of catalysts in both the energy and environmental sectors, especially as governments and industries continue to prioritize sustainability and pollution control.