The market for catalysts is expanding through the addition of North American and Asian capacity despite weakening growth in China, catalyst producers said. "Growth is being driven by Asia, where a lot of new chemical production capacity is coming onstream," said Michael Baier, vice president of chemical catalysts at BASF. "And as naphtha cracking decreases, there will be more interest in dedicated processes to make butanes and propylene. All these processes will require innovative catalysts," Baier added.

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