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High Production of Chemicals in Europe to Sustain Chemical Processing Catalysts

Posted on: Tuesday, 25 September 2007, 09:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c69485) has announced the addition of the new Frost & Sullivan Report "European Market for Catalysts" to their offering.

This Frost & Sullivan research service titled European Markets for Catalysts provides a comprehensive overview of these markets including market forecasts, technological developments and key challenges. In this research service, Frost & Sullivan's expert analysts thoroughly examine the chemical processing and emission control catalyst markets in Europe.

Legislative Influences Positively Impact Market for Emission Control Catalysts

The European markets for catalysts include those used for chemical processing reactions as well as for emission control in the automotive and other industries. The growth rates of these catalyst types are likely to vary due to the different applications they are used for. While the chemical processing catalyst market is reaching maturity and is likely to remain fairly stable, the market for emission control catalysts is experiencing strong growth under the influence of various strict legislative directives. The potential growth opportunities for these catalysts in Europe are significant and will continue to drive market growth until 2010, after which this market is likely to experience saturation due to the reduction in the number of power plants built and the number of cars sold in Europe.

"The European market for emission control catalysts is influenced by various legislative standards that stipulate permissible quantities of contaminants/pollutants from automotive and other industrial plants," says the analyst of this research service. "This has led to compulsory application of catalysts by almost every industry to minimise the volumes of contaminants discharged." For instance, The Clean Air for Europe (CAFE) programme adopted and drafted by the European Commission aims at improving the air quality in Europe by reducing emissions from automobiles and other relevant sources. Other initiatives such as Euro IV and Euro V standards which target the automotive sector are also set to promote wider application of emission control catalysts in Europe.

High Production of Chemicals in Europe to Sustain Chemical Processing Catalysts

One of the reasons for the saturation in the chemical processing catalyst market is the high fuel costs in Europe, which have compelled many petrochemical manufacturers to explore alternatives in regions offering lower fuel costs such as Middle East. Setting up new production plants in Europe will not only involve higher labor and raw material costs, but also require them to comply with strict legislation. "This trend toward establishing production capacities in other countries has affected the growth potential of the chemical processing catalyst market," says the analyst. "Nevertheless, Europe continues to be the largest manufacturer of chemicals, ensuring that catalysts will continue to find application in chemical processes."

Additionally, applications in areas such as the personal care industry could also create new opportunities for chemical processing catalysts. Applications in the personal care industry require incorporation of enhanced features in polymers and their related products, which could facilitate improvements in catalyst characteristics. Since manufacturers will always prefer catalysts with enhanced characteristics, this could act as a driver in promoting the application of chemical catalysts in newer applications.

For more information, visit http://www.researchandmarkets.com/reports/c69485

Source: Business Wire

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