A Complete Guide of Hydrogenation Catalyst Market [PDF Guide]
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The hydrogenation catalyst market refers to the industry involved in the production, distribution, and sale of catalysts used in hydrogenation processes. Hydrogenation is a chemical reaction that involves the addition of hydrogen to unsaturated compounds, resulting in the saturation of double or triple bonds and the formation of new chemical bonds.
Hydrogenation catalysts play a crucial role in various industries, including petrochemicals, pharmaceuticals, food processing, and fine chemicals. These catalysts facilitate hydrogenation reactions by providing an active surface for the interaction between hydrogen gas and the target molecules, promoting the desired chemical transformations.
The market for hydrogenation catalysts is driven by several factors. Firstly, the petrochemical industry utilizes hydrogenation catalysts in various processes, including the hydrogenation of hydrocarbon feedstocks, the production of high-quality fuels, and the removal of impurities from petroleum products. Hydrogenation helps improve the stability, quality, and performance of petrochemical products, contributing to the demand for catalysts.
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Hydrogenation Catalyst Market size was valued at $3.8 billion in 2022, and is projected to reach $6.2 billion by 2030, growing at a CAGR of 6.0% from 2022 to 2030.
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BASF
Clariant
Evonik
Advanced Refining Technologies (ART)
Criterion
Johnson Matthey
Axens
UOP
Haldor Topsoe
Albemarle
Sinopec
CNPC
SJEP
Alcohol Dehydrogenase Market, Analysis, Share & Forecast 2030, Analysis, Share & Forecast 2030