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Catalyst Market Outlook and Forecast up to 2024: Grand View Research Wholesale James McCann Jersey , Inc. Business Articles | July 15, 2016

Grand View Research has announced the addition of "Catalyst Market Analysis and Segment Forecasts To 2024" Market Research report to their Database.



The global?catalyst market?is expected to reach USD 34.3 billion by 2024, according to a new report by Grand View Research, Inc. The accelerating use of catalysts for reducing the cost of manufacturing chemicals Wholesale Michael Fulmer Jersey , petrochemicals and polymers are expected to remain a favorable factor. Also, rising application of catalytic reforming and fluidized bed catalytic cracking for enhancing the yield of light cut and medium cut oils may promote the use of the product over the next eight years.


Browse full research report on Global Catalyst Market:?

In terms of volume, chemical synthesis is expected to witness growth at a CAGR of 3.5% from 2016 to 2024. In September 2014, the Government of India proposed the “Draft National Chemical Policy” which is intended for increasing the country’s global chemical output share from 3% in 2014 to 6% by 2020. The mentioned government initiative about the improvement of the chemical production output in India is expected to open new avenues for growth over the next eight years.


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