Market Overview:
The global VOC removal catalysts market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for VOC removal catalysts from various end-use industries, such as petroleum and petrochemical, packaging and printing, pharmaceuticals, food industry, plastic and rubber industry, iron and steel industry coatings and inks. In addition, the growing awareness about environmental protection is also fueling the demand for VOC removal catalysts across the globe. Based on type, metal oxide catalysts are expected to dominate the global VOC removal catalyst market during the forecast period. This can be attributed to their high efficiency in removing Volatile Organic Compounds (VOCs) from air or gas streams.
Product Definition:
A catalyst is a substance that speeds up the rate of a chemical reaction without itself being consumed. VOC removal catalysts are substances that speed up the rate of a chemical reaction that removes volatile organic compounds (VOCs) from air or water. The importance of VOC removal catalysts is that they help to remove pollutants from the environment and improve air quality.
Metal Oxide Catalysts:
Metal oxide catalysts are used in petroleum refining to convert crude oil into gasoline and other fuels. The growth of metal oxide catalysts market is directly proportional to the growth of petroleum refining industry. Metal oxides such as iron, nickel, zinc, and copper along with a few others are used as catalyst materials in the petroleum refining process.
Platinum Based Catalysts:
Platinum based catalysts are used in VOC removal catalysts market owing to their superior properties such as high stability, activity and thermal stability. They are widely used for the conversion of aromatics to carboxylic acid which further reacts with coke oven gas to form carbon dioxide and water.
Application Insights:
Petroleum and petrochemical emerged as the dominant application segment in terms of volume as well as revenue share in 2017. Petroleum and Petrochemicals are one of the major end-use industries for VOCs. The removal of VOC is necessary to enhance the shelf life, reduce emissions, improve process efficiency, lower operating costs and facilitate ease of handling for these products.
The packaging and printing application segment is anticipated to witness a CAGR exceeding 9% from 2018 to 2030 on account of rising demand from various markets including pharmaceuticals, food industry, plastic & rubber industry etc. In addition; increasing R&D investments by market players coupled with growing product usage in applications such as paints & coatings is expected to drive growth over next seven years or so. Other prominent applications include iron & steel industry wherein catalyst plays a crucial role during coking stage i.e.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major petrochemical companies in China, India, South Korea and Taiwan has resulted in high demand for catalysts from these countries. Growing packaging industry due to increasing foreign investments coupled with growing consumer disposable income levels are some of the key factors driving regional growth.
The European market was valued at USD X million in 2017 owing to stringent regulations regarding Volatile Organic Compounds (VOC) emissions by various governments across Europe.
In North America, strict emission standards implemented on a federal level along with those implemented by California Air Resources Board (CARB) have forced industries across numerous sectors including iron & steel manufacturing; coatings & printing ink manufacturing; food processing; pharmaceuticals.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and construction
- Growing awareness about the benefits of using VOC removal catalysts
- Technological advancements in VOC removal catalysts technology
- Rising environmental concerns over air pollution levels
- Stringent government regulations to control air pollution
Scope Of The Report
Report Attributes
Report Details
Report Title
VOC Removal Catalysts Market Research Report
By Type
Metal Oxide Catalysts, Platinum Based Catalysts, Other
By Application
Petroleum and Petrochemical, Packaging and Printing, Pharmaceuticals, Food Industry, Plastic and Rubber Industry, Iron and Steel Industry, Coatings and Inks, Other
By Companies
BASF Catalysts, Haldor Topsoe, Shell, Clariant, Umicore, InnoUA, UNICAT, Nikki-Universal Co., Ltd., TANAKA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global VOC Removal Catalysts Market Report Segments:
The global VOC Removal Catalysts market is segmented on the basis of:
Types
Metal Oxide Catalysts, Platinum Based Catalysts, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petroleum and Petrochemical, Packaging and Printing, Pharmaceuticals, Food Industry, Plastic and Rubber Industry, Iron and Steel Industry, Coatings and Inks, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF Catalysts
- Haldor Topsoe
- Shell
- Clariant
- Umicore
- InnoUA
- UNICAT
- Nikki-Universal Co., Ltd.
- TANAKA
Highlights of The VOC Removal Catalysts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Oxide Catalysts
- Platinum Based Catalysts
- Other
- By Application:
- Petroleum and Petrochemical
- Packaging and Printing
- Pharmaceuticals
- Food Industry
- Plastic and Rubber Industry
- Iron and Steel Industry
- Coatings and Inks
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the VOC Removal Catalysts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A VOC removal catalyst is a chemical that helps to break down volatile organic compounds (VOCs) from a gas or liquid. These chemicals can be found in many common household products, such as paint, solvents, and cleaning supplies.
Some of the major companies in the voc removal catalysts market are BASF Catalysts, Haldor Topsoe, Shell, Clariant, Umicore, InnoUA, UNICAT, Nikki-Universal Co., Ltd., TANAKA.
The voc removal catalysts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 VOC Removal Catalysts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 VOC Removal Catalysts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 VOC Removal Catalysts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the VOC Removal Catalysts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global VOC Removal Catalysts Market Size & Forecast, 2018-2028
4.5.1 VOC Removal Catalysts Market Size and Y-o-Y Growth
4.5.2 VOC Removal Catalysts Market Absolute $ Opportunity
Chapter 5 Global VOC Removal Catalysts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 VOC Removal Catalysts Market Size Forecast by Type
5.2.1 Metal Oxide Catalysts
5.2.2 Platinum Based Catalysts
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global VOC Removal Catalysts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 VOC Removal Catalysts Market Size Forecast by Applications
6.2.1 Petroleum and Petrochemical
6.2.2 Packaging and Printing
6.2.3 Pharmaceuticals
6.2.4 Food Industry
6.2.5 Plastic and Rubber Industry
6.2.6 Iron and Steel Industry
6.2.7 Coatings and Inks
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global VOC Removal Catalysts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 VOC Removal Catalysts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America VOC Removal Catalysts Analysis and Forecast
9.1 Introduction
9.2 North America VOC Removal Catalysts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America VOC Removal Catalysts Market Size Forecast by Type
9.6.1 Metal Oxide Catalysts
9.6.2 Platinum Based Catalysts
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America VOC Removal Catalysts Market Size Forecast by Applications
9.10.1 Petroleum and Petrochemical
9.10.2 Packaging and Printing
9.10.3 Pharmaceuticals
9.10.4 Food Industry
9.10.5 Plastic and Rubber Industry
9.10.6 Iron and Steel Industry
9.10.7 Coatings and Inks
9.10.8 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe VOC Removal Catalysts Analysis and Forecast
10.1 Introduction
10.2 Europe VOC Removal Catalysts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe VOC Removal Catalysts Market Size Forecast by Type
10.6.1 Metal Oxide Catalysts
10.6.2 Platinum Based Catalysts
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe VOC Removal Catalysts Market Size Forecast by Applications
10.10.1 Petroleum and Petrochemical
10.10.2 Packaging and Printing
10.10.3 Pharmaceuticals
10.10.4 Food Industry
10.10.5 Plastic and Rubber Industry
10.10.6 Iron and Steel Industry
10.10.7 Coatings and Inks
10.10.8 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific VOC Removal Catalysts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific VOC Removal Catalysts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific VOC Removal Catalysts Market Size Forecast by Type
11.6.1 Metal Oxide Catalysts
11.6.2 Platinum Based Catalysts
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific VOC Removal Catalysts Market Size Forecast by Applications
11.10.1 Petroleum and Petrochemical
11.10.2 Packaging and Printing
11.10.3 Pharmaceuticals
11.10.4 Food Industry
11.10.5 Plastic and Rubber Industry
11.10.6 Iron and Steel Industry
11.10.7 Coatings and Inks
11.10.8 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America VOC Removal Catalysts Analysis and Forecast
12.1 Introduction
12.2 Latin America VOC Removal Catalysts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America VOC Removal Catalysts Market Size Forecast by Type
12.6.1 Metal Oxide Catalysts
12.6.2 Platinum Based Catalysts
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America VOC Removal Catalysts Market Size Forecast by Applications
12.10.1 Petroleum and Petrochemical
12.10.2 Packaging and Printing
12.10.3 Pharmaceuticals
12.10.4 Food Industry
12.10.5 Plastic and Rubber Industry
12.10.6 Iron and Steel Industry
12.10.7 Coatings and Inks
12.10.8 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) VOC Removal Catalysts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) VOC Removal Catalysts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) VOC Removal Catalysts Market Size Forecast by Type
13.6.1 Metal Oxide Catalysts
13.6.2 Platinum Based Catalysts
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) VOC Removal Catalysts Market Size Forecast by Applications
13.10.1 Petroleum and Petrochemical
13.10.2 Packaging and Printing
13.10.3 Pharmaceuticals
13.10.4 Food Industry
13.10.5 Plastic and Rubber Industry
13.10.6 Iron and Steel Industry
13.10.7 Coatings and Inks
13.10.8 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 VOC Removal Catalysts Market: Competitive Dashboard
14.2 Global VOC Removal Catalysts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF Catalysts
14.3.2 Haldor Topsoe
14.3.3 Shell
14.3.4 Clariant
14.3.5 Umicore
14.3.6 InnoUA
14.3.7 UNICAT
14.3.8 Nikki-Universal Co., Ltd.
14.3.9 TANAKA
