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The refinery industry represents the largest end-use segment for nanocatalysts. Nanocatalysts in petrochemical industry is estimated to contribute about $742.7 million towards the global nanocatalysts market. Nanocatalysts offer superior selectivity control at molecular level in petrochemical processes, which is one of the major driving factors for their increased adoption in the petrochemical industry. Also, their capability to increase the gasoline octane number, thereby offering premium quality fuel, is also proving to be the reason for their growing demand in this industry.
Nanocatalysts in chemical industry represents a key end-use segment and can offer 100% selectivity to the desired product. Nanocatalysts are encouraging the chemical industry to control the production of the toxic wastage, and therefore finding an increased adoption in this industry. Chemical industry can also benefit from the enhanced rate of chemical reaction that nanocatalysts can offer. Environmental applications represent the fastest growing nanocatalyst market over the period 2006-2015. Growing environmental concerns such as air pollution, depleting energy sources etc., are proving to be the factors influencing the rapid adoption of nanocatalysts in environmental applications.
NanoCatalysis is the process in which the rate of a chemical reaction is either increased or decreased by means of a chemical substance known as a catalyst. Catalysts reduce the cost of production/ increase efficiency and lead to better selectivity and less waste. Nanocatalysts can be used in various processes along energy value chain, e.g. fuel refining and hydrogen generation. In 2005, catalytic processes generated about $900 billion in products worldwide and Global nanocatalysts market alone is projected to reach $6.0 billion by 2015.
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New York Chiron Partners, LLC 1251 Avenue of the Americas Suite 2700 New York, NY 10020-1104 (Map) Phone: +1 212 521 4301 Fax: +1 917 591 3437
Moscow 25 Leontievsky Pereulok, 5th Floor Moscow, Russia 125009 (Map) Phone: +7 495 221 4170 |
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