Nanocatalysts are defined as catalysts that use nanoparticles. These include nanoscale materials with at least one nanoscale dimension. Nanocatalysts may also have modified nanoscale structure to increase the catalytic properties. Nanocatalysts are used to accelerate or decelerate the rate of change of chemical reactions without getting consumed and without changing their permanent physical or chemical states. Nanocatalysts are becoming prevalent in the market owing to their ability to provide larger surface area to accelerate the rate of reactions. Furthermore, nanotechnology provides custom design specification to catalysts in order to facilitate faultless selectivity in a catalyst based reaction. Nanocatalysts with higher specific surface and higher catalytic activities help resolve some of the problems faced by chemical reactions. Most commercial catalysts are still produced by ‘mixing, shaking, and baking’ mixtures of multi-components. Nanocatalysts are used in a wide spectrum of applications such as food processing, pharmaceuticals, chemical, and oil refineries. 

Increase in focus on environmental conservation and rise in awareness about reducing carbon footprints are the major factors driving the nanocatalysts market. Growth in demand for nanocatalysts in refineries and petrochemical plants owing to the wide usage in heavy oil upgrade, catalytic cracking of hydrocarbons, desulfurization, cleaning up oil drip, and coal liquefaction is augmenting the nanocatalysts market.

Easy availability of cost-effective substitutes is hampering the nanocatalysts market.

Based on chemical properties, the nanocatalysts market can be segmented into nanoparticle catalysts, nonporous catalysts, nanocrystalline catalysts, and supramolecular catalysts.

In terms of application, the nanocatalysts market can be divided into biomass, oil and gas, fossil fuel, oil refineries, fuel cells, water and waste water treatment, environmental applications and pharmaceuticals. The oil refineries segment accounts for significant share of the market owing to its wide application in treating hydrocarbons in refineries. Environmental is a rapidly growing segment of the nanocatalysts market owing to the increase in awareness about environmental conservation.

Based on geography, the nanocatalysts market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constitutes key share of the nanocatalysts market due to the large manufacturing base, rise in demand for industrial nanocatalysts, and increase in fuel consumption by transportation practices in the region. North America and Europe follow Asia Pacific. Furthermore, demand for biodiesel is increasing, especially in countries such as the U.S., Germany, France, Italy, and Japan, owing to the decrease in petroleum reserves. This, in turn, is boosting the demand for nanocatalysts.

Key players operating in the nanocatalysts market include BASF SE, Clean Diesel Technologies Inc., Hyperion Catalysis International Inc., Johnson Matthey Plc., Mach I Inc., Headwaters Inc., NexTech Materials Limited, Nanophase Technologies Corporation, PQ Corporation, Zeolyst International, and W.R. Grace & Company. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Nanocatalysts Market

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