Catalyst Market Size, Share & Trends Analysis Report By Raw Material, By Product by Application (Heterogeneous, Homogeneous), By Region, And Segment Forecasts, 2023 - 2030
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Important: Covid19 pandemic market impact
With catalysts being prominently used for applications including chemical synthesis, petroleum refining, polymers, and environmental (which includes emission control catalysts amongst others. The beleaguered automotive and construction industry continues to grapple with subdued demand which in turn will directly impact the demand for catalysts. China holds a noteworthy share in automotive production, the factory closures, and shutdown of all related activities has in turn significantly impacted the catalyst demand. There has also been a decline in demand for polymers due to the shutdown of construction sites and a decline in construction spending at least till the end of Q2. The updated report will account for COVID-19 as a key market contributor.
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