Catalyst Market Growth, Industry Trends To 2024: Grand View Research, Inc

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, 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.   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.   Further key findings from the study suggest: The market for chemical compounds as catalysts are expected to foresee volume growth at a CAGR of 4.2% from 2016 to 2024. Rising application of amine catalyst for the production of polyurethane foam on account of enhancing the rate of reaction between polyols and polyurethane is expected to have a positive impact in the near future. Moreover, increasing requirement of polyurethane (PU) foams is projected to augment demand for catalysts over the forecast period. Catalyst demand in petrochemicals & polymers was 1,419.1 kilo tons in Continue reading Catalyst Market Growth, Industry Trends To 2024: Grand View Research, Inc

Stock market growing due to emergence of online trading platforms

The truth is that the number of people interested in investing their hard earned money in the current stock market has been growing at a faster pace. The reason for this is the emergence of numerous brokers offering online platform and trading solutions to their clients. Hence, stock trading is no more restricted to physical trading activities only. People now from the comfort and convenience of their home can engage in trading activities using the web platforms offered by their brokers. Avoiding going to the broker’s office Those making use of the online trading platforms no more have to depend upon the broker’s office and to make repeated visits. The reason is because, they can avail all information about the latest stock market and the prices of the different segment of stocks and commodities with great ease, right on their online platform. Moreover, they are able to carrying on their trading activities like buying and selling of stocks and commodities without any hassle, just with the click of a button and by providing some information to ensure authenticity. Fastest growing market With people in huge numbers having amassed huge wealth within a short time span in the stock market, there are many who are lured to enter this domain and to try their fortune. The trading market has indeed favored those who have been patient, doing the right things, have imbibed in in-depth knowledge with regards to the stock market and taking the right decisions. Also, the broker selected for Continue reading Stock market growing due to emergence of online trading platforms