Catalysts

SUMMARY

New products to drive growth in US industry

The ongoing development and commercialization of new catalyst products will continue to spark growth in this heavily research-intensive industry. Demand for metallocene and other single site polymerization catalysts continues to advance at well above average rates; while even newer product forms (such as chiral and enzyme catalysts for chemical processing) begin to emerge from the development pipeline.

Petroleum refining to remain top market

Petroleum refining will remain the largest single market for catalysts, although gains will be somewhat below average due to generally slow growth in petroleum refining activity and the widespread use of lower value chemical catalysts, primarily acids. Growth opportunities exist in alkylation and reformation catalysts, as the almost certain phase-out of methyl tertiary butyl ether (MTBE) gasoline additives sparks increased demand for alkylate and reformate products.

Polymerization, chemical processing uses to lead gains

Demand for polymerization catalysts will benefit from the growing use of higher value metallocene and other single site catalysts. These advanced catalysts yield polymers with improved processing and performance characteristics, primarily polyolefins such as polyethylene and polypropylene.

Chemical processing catalysts will also show above average rates of growth as new catalyst products, such as chiral and enzyme catalysts (used primarily in the manufacture of pharmaceuticals and other fine chemicals), begin to make significant inroads.

Enzyme, chiral, organometallic types offer best growth prospects

In terms of catalyst materials, metals will continue to account for the largest portion of overall demand in value terms, due to their higher cost, especially precious metal catalysts based on silver, gold or platinum group metals. Enzyme-based and chiral catalysts and organometallic products (which include metallocene polymerization catalysts) will record the greatest growth, as these advanced catalysts become more widely utilized.

Chemical and zeolite-based catalysts, which are lower value products, will record belowaverage growth, although both are still widely used in a variety of chemical, plastic and petroleum refining applications.

Study coverage

Details on these and other findings are available in the new Freedonia study, Catalysts. The study analyzes the $2.8 billion US catalysts industry, presenting historical demand data (1992, 1997 and 2002) and forecasts to 2007 and 2012 for refinery catalysts (e.g., cracking, alkylation, hydroprocessing, reforming); and chemical and polymer processing catalysts (e.g., polymerization, organic synthesis, oxidation, synthesis gas, hydrogenation and other catalysts). Data are also broken out by catalyst material (e.g., metals, organometallic compounds, chemicals, zeolites, enzymes).

In addition, the study examines the market environment, details industry structure and company market share, and profiles leading companies including Akzo Nobel, Engelhard, WR Grace, Johnson Matthey and Royal Dutch/Shell.

TABLE OF CONTENTS

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

• General
• Macroeconomic & Demographic Outlook
• Manufacturing Outlook
• Market Volatility
• Pricing Trends
• Environmental & Regulatory Issues
• Clean Air Act
• Oxygenated Gasoline Program
• Reformulated Gasoline Program
• Diesel Fuel Regulations
• Resource Conservation and Recovery Act
• Catalyst Reclamation & Disposal
• International Activity

III. OVERVIEW

• General
• Foreign Trade
• Market Overview

IV. PETROLEUM REFINING CATALYSTS

• General
• Refined Petroleum Products Outlook
• Petroleum Refining Process Outlook
• Catalyst Demand
• Fluid Catalytic Cracking
• Hydroprocessing
• Hydrotreating
• Hydrocracking
• Alkylation
• Reforming & Other Petroleum Refining Catalysts

V. CHEMICAL & POLYMER PROCESSING CATALYSTS

• General
• Chemical & Polymer Industry Outlook
• Catalyst Types
• Polymerization Catalysts
• Organic Synthesis Catalysts
• Oxidation Catalysts
• Synthesis Gas Catalysts
• Hydrogenation Catalysts
• Other Catalysts
• Catalyst Applications
• Plastics
• Fine Chemicals
• Oleochemicals
• Inorganic Chemicals
• Synthetic Rubber & Elastomers
• Other Chemicals
• New Developments
• Chiral Technology
• Biocatalysts
• High-Throughput Experimentation

VI. CATALYST MATERIALS

• General
• Metals
• Base Metals
• Nickel
• Other Base Metals
• Precious Metals
• Organometallics
• Chemicals
• Acids
• Peroxides
• Amines & Other Chemicals
• Zeolites
• Enzymes & Other Materials

VII. INDUSTRY STRUCTURE

• General
• Market Share
• Competitive Strategies
• Mergers & Acquisitions
• Cooperative Agreements
• Research & Development
• Manufacturing
• Marketing & Distribution

Company Profiles

• Adcats, see Alcoa Incorporated
• Advanced Refining Technologies, see ChevronTexaco
• Corporation and Grace (WR) & Company
• Air Products and Chemicals Incorporated
• Akzo Nobel NV
• Albemarle Corporation
• Alcoa Incorporated
• Arch Chemicals Incorporated
• Astaris LLC, see FMC
• Avantium Technologies BV
• Axens SA, see Institut Francais du Petrole
• Aztec Peroxides LLC, see Degussa
• Basell NV
• BASF AG
• Bayer AG
• Borealis A/S
• Boulder Scientific Company
• BP plc
• Chevron Phillips Chemical Company LLC
• ChevronTexaco Corporation
• CRI Catalyst Company, see Royal Dutch/Shell
• Criterion Catalysts & Technologies LP, see Royal
• Dutch/Shell Group of Companies
• Crompton Corporation
• Davison Chemicals, see Grace (WR) & Company
• Degussa AG
• Dow Chemical Company
• DuPont (EI) de Nemours
• Eastman Chemical Company
• Engelhard Corporation
• Equistar Chemicals LP
• Exxon Mobil Corporation
• FMC Corporation
• General Chemical Corporation, see GenTek
• GenTek Incorporated
• Goldschmidt Chemical Corporation, see Degussa
• Grace (WR) & Company
• Haldor Topsoe A/S
• Honeywell International Incorporated
• Imperial Chemical Industries plc
• Institut Francais du Petrole
• Japan Energy Corporation, see Nippon Mining
• Johnson Matthey plc
• MAKFining, see Akzo Nobel NV, Exxon Mobil Corporation and Total SA
• mg technologies ag
• Millennium Chemicals Incorporated
• Mitsui Chemicals Incorporated
• Monsanto Company
• Nippon Mining Holdings Incorporated
• Nippon Shokubai Company Limited
• OM Group Incorporated
• Orient Catalyst Company Limited, see Nippon Mining
• Perstorp AB
• Pfizer Incorporated
• Phibro-Tech Incorporated, see Philipp Brothers
• Philipp Brothers Chemicals Incorporated
• Polytrade GmbH, see mg technologies
• PQ Corporation
• Rhodia SA
• Rohm and Haas Company
• Royal Dutch/Shell Group of Companies
• Starck (HC) GmbH, see Bayer
• Sud-Chemie Group
• Synetix, see Johnson Matthey
• Torial Technologies LLC, see UOP
• Total SA
• nv Umicore sa
• Univation Technologies LLC
• UOP LLC
• Voridian, see Eastman Chemical
• Zeolyst International, see PQ Corporation and Royal
• Dutch/Shell Group of Companies
• Zimmer AG, see mg technologies ag
• Additional Companies in the US Catalysts Industry

LIST O F TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic & Demographic Indicators

2 Manufacturers' Shipments

3 Catalysts Historical Trends, 1992-2002

4 Catalysts Pricing Trends

SECTION III -- OVERVIEW

1 Catalysts Supply & Demand

2 Catalyst Imports & Exports

3 Catalysts Demand by Market

SECTION IV -- PETROLEUM REFINING CATALYSTS

1 Refined Petroleum Products Production

2 Downstream Charge Capacity

3 Petroleum Refining Catalyst Demand

4 Fluid Catalytic Cracking Catalyst Demand

5 Hydroprocessing Catalyst Demand

6 Alkylation Catalyst Demand

7 Reforming & Other Refining Catalysts Demand

SECTION V -- CHEMICAL & POLYMER PROCESSING CATALYSTS

1 Chemical & Plastics Industry Indicators

2 Chemical & Polymer Processing Catalyst Demand by Type

3 Polymerization Catalysts Demand

4 Organic Synthesis Catalysts Demand

5 Oxidation Catalysts Demand

6 Synthesis Gas Catalysts Demand

7 Hydrogenation Catalysts Demand

8 Other Chemical & Polymer Catalysts Demand

9 Chemical & Polymer Catalysts Demand by Application

10 Plastic Catalysts Demand

11 Fine Chemical Catalysts Demand

12 Oleochemical Catalysts Demand

13 Inorganic Chemical Catalysts Demand

14 Synthetic Rubber & Elastomers Catalyst Demand

15 Other Chemical Catalysts Demand

SECTION VI -- CATALYST MATERIALS

1 Catalyst Materials Demand

2 Metal Catalysts Demand

3 Base Metal Catalysts Demand

4 Precious Metal Catalysts Demand

5 Organometallic Catalysts Demand

6 Chemical Catalysts Demand

7 Acid Catalysts Demand

8 Peroxide Catalysts Demand

9 Amine & Other Chemical Catalysts Demand

10 Zeolite Catalysts Demand

11 Other Catalysts Demand

SECTION VII -- INDUSTRY STRUCTURE

1 US Catalyst Sales by Company, 2002

2 Selected Acquisitions & Divestitures

3 Selected Cooperative Agreements

SECTION II -- MARKET ENVIRONMENT

1 Catalysts Historical Trends, 1992-2002

2 World Catalysts Demand, 2002

SECTION III -- OVERVIEW

1 Catalyst Imports by Source, 2002

2 Catalyst Exports by Destination, 2002

SECTION IV -- PETROLEUM REFINING CATALYSTS

1 Gasoline Production Flow Chart

SECTION VI -- CATALYST MATERIALS

1 Catalysts Demand by Type, 2002

SECTION VII -- INDUSTRY STRUCTURE

1 US Catalysts Market Share, 2002