Chemicals
and chemical industry plays a crucial role in accomplishing daily requirements
of a common man. It is the oldest industry which attributes substantially to
the economic and industrial growth of region. Almost, every industry starting
from oil, gas, retail, manufacturing, agriculture, textiles, food, energy and
many others, depends heavily on the chemical industry. The biofuel catalyst
industry has experienced a drastic growth and change in structure-wise such as
enhancements in technology, increasing raw material costs, with manufacturing
base in Asian countries along with promising growth in biofuel catalyst market.
Biofuel
catalysts are used to produce biofuels by transesterification reactions. Edible
and non-edible vegetable oils or animal fats are used in transesterification
reaction in the presence of a catalyst. From the past two decades, biofuel
production has become popular using transesterification reaction of a
triglyceride with a primary alcohol in the presence of alkaline catalysts. Advanced
technologies are utilized in biofuels production that are efficient and can
economically convert renewable feed stocks. Catalysts in biofuels is used for
hydro treating of natural oils, fats, upgrading and stabilization of pyrolysis
oils to produce gasoline, diesel, and jet fuel. The choice of a catalyst
depends on biofuel production, amount of free fatty acids and raw materials.
According
to the study “Asia
Biofuels Catalysts Industry Situation and Prospects Research Report”,
based on product, Asia biofuel catalyst market is classified into alkaline
catalyst, acid catalyst, and enzyme catalysts. Alkali and acid catalysts are
available in abundance which are commonly used for the production of biofuels.
Low cost and wide available alkali catalysts are sodium hydroxide and potassium
hydroxide that are employed used in biofuel production. Acid catalyzed chemical
reaction under low temperature and pressure environment is considered most
economical for any biofuel production with maximum yield. Hydrochloric acid and
sulphuric acid are the common acid catalysts. The leading players in Asia’s
biofuel catalyst market are BASF SE, W.R. Grace, Honeywell, Solvay S.A, Tokyo
Chemical, Solvionic SA, Sinopec, Clariant, INTERCAT and BTG Biomass Technology.
Asia’s
biofuel catalyst market will witness a drastic growth over the next few years
due to vast opportunities in biofuel production, increasing number of diesel
vehicles, growing automotive industry, advanced technology, demand for
sustainable energy, and rise in domestic demand for biofuels. The decrease in
fossil fuels has propelled the growth of biofuels and is driving Asia’s biofuel
catalyst market. Carbon dioxide is major by-product during the combustion of
the fossil fuels and is the primary contributor to global warming. Advanced
technologies such as bio-catalysts are utilized in biofuel production to reduce
cost production and cost of purification of biofuel. Therefore, biocatalysts
are likely to boost Asia’s biofuel catalyst market in the near future. Majority
of the biofuel manufacturers are investing heavily in research &
development activities to improve the efficiency and selectivity of catalysts
for renewable applications. The increasing demand for biofuels coupled with
bio-catalysts in Asian economies will surely drive the growth in the biofuel
catalyst market over the next few years.
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Ankur
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