Lucintel's latest market report analyzed that specialty catalyst provides attractive opportunities in the petroleum refining, chemical synthesis, environmental, polymer and petrochemical markets. The specialty catalyst market is expected to reach $53.1 billion by 2028 with a CAGR of 6%. In this market, heterogeneous is the largest segment by product, whereas petroleum refining is largest by application.

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Based on product, the specialty catalyst market is segmented into heterogeneous and homogeneous. The heterogeneous segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing application in biodiesel production as it interacts with different substances in a more effective way.

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The Specialty Catalyst Market is marked by the presence of several big and small players. Some of the prominent players offering specialty catalyst include Albemarle Corporation, Apache Corporation, BASF SE, Clariant, Cue Energy Resources, Chevron Phillips Chemical Company, Exxon Mobil, Nippon Chemical Industrial, HaldorTopsoe, and Johnson Matthey.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.