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Compound raw materials dominated the market in 2023 with a 39.8% share of revenue. This growth is due to the increasing consumption of catalyst compounds used in the production of polypropylene and polyethylene. Some key compounds used in the polymer, petrochemical, and chemical industries are sulfuric acid, hydrofluoric acid, and calcium carbonate. For more information, please see: World Catalyst Market Series https://bbs.hcbbs.com/forum.php?mod=viewthread&tid=5512570
In the production of olefins, they are processed into various polymer compounds, while downstream industries use metal catalysts to convert saturated compounds such as alkanes. Precious metals, non-precious metals, and other metals are all materials used for dehydrogenation and hydrogenation. The main products produced by refineries that use metal catalysts in the hydrocracking process include high-octane diesel, jet fuel, liquefied petroleum gas, and gasoline fractions. Zeolites are naturally formed when volcanic rocks and ash layers combine with alkaline water. Natural zeolites are impure due to the presence of elements such as quartz. On the other hand, zeolites can also enhance their activity and performance by slowly crystallizing silicoaluminate gels through the addition of a large number of additional atoms in a specific process. Catalysts are an essential part of the polymerization process of carbon-carbon double bond monomers. In chain reaction polymerization, the catalysts used are usually radicals derived from organic peroxides. Due to the growing demand for high-quality plastics, this segment is expected to experience significant growth.