catalysts

The global regenerated catalyst market for chemical, energy and environmental catalysts was worth close to $2.7 billion in 2005. The market is projected to grow to reach just under $3.5 billion/year in 2010, an average annual growth rate (AAGR) of 5.5％. Demand for off-site catalyst regeneration services will increase at an annual average growth rate (AAGR) corresponding to 6.1％ to reach $3,408.3 million/year in 2010. Regenerated refinery catalysts, now more than 84％ of the total regenerated catalyst market, are projected to gain market share from 2005 through 2010 as more stringent emissions regulations come into force and new sulfur regulations become mandatory. Stationary source air pollution catalytic applications (e.g., power plant emissions controls, industrial boilers and waste incineration plants) accounts for 8.9％ of the regenerated catalyst market in 2005, followed by mobile source air pollution remediation applications, particularly vehicle catalytic converters, with 4.2％ of the regenerated catalyst market in 2005. Chemical/petrochemical applications account for the remaining 2.1％. China's demand for catalysts has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow.