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The global  catalyst market  size is expected to reach USD 42.63 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2024 to 2030. Catalyst refers to the class of compounds or chemicals that enables a chemical reaction to proceed at a pace faster than otherwise possible. Depending on the similarity or dissimilarities of the catalyst with the reactants, a catalyst can be either homogeneous or heterogeneous. Therefore, based on product type, the market is segmented as homogeneous and heterogeneous catalysts. Catalyst Market Report Highlights ·          Chemical compounds dominated the market with a volume share of 39.8% in 2023, it is used as catalyst raw materials for numerous applications in chemical, petrochemical, and polymer industries ·          Homogenous is predicted to witness the fastest growth, in terms of reve...

The global  permanent magnets market  size is projected to reach approximately USD 39.71 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.7% over the forecast period. The rising number of supportive initiatives to promote healthcare infrastructure, especially in developing countries, is projected to aid the market growth over the forecast period. The demand for the product is expected to be driven by the extensive usage in industrial automation amidst the COVID-19 outbreak and rising demand from the healthcare sector. Permanent magnets are used in various medical devices, such as blood separators, surgical devices, dental equipment, patient monitoring systems, drug delivery systems, and Magnetic Resonance Imaging (MRI) scanners, and other essential & non-essential healthcare devices. The COVID-19 outbreak in 2020 played a key role in driving the investments in developing healthcare infrastructure. Permanen...