Catalyst Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Raw Materials (Chemical Compounds, Zeolites, and Metals), By Product (Heterogeneous, and Homogeneous), By Application (Petroleum Refining, Chemical Synthesis, Polymers and Petrochemicals, Environmental, and Others), By Region, and Competition

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Global Catalyst market is anticipated to grow appreciably in the forecast period 2028 due to growing people’s preference towards cleaner fuels. The petroleum, chemical, and pharmaceutical industries contribute almost USD 500 billion ever year to the Gross National Product of the United States. Most of industries need catalysts to manufacture their products such as fuels, drugs, paints, cosmetics, and others.

Catalysts are substances that increase the rate of a chemical reaction without being consumed in the process. They are used in a wide range of industries, including chemicals, petroleum refining, automotive, and pharmaceuticals, among others. The global catalyst market has been growing progressively in recent years, driven by increasing demand for cleaner fuels, growing awareness about environmental sustainability, and the need for efficient chemical production processes. The development of new and improved catalysts is likely to play a key role in the growth of the market, as companies compete to offer more efficient and effective products to their customers. Hence, it is expected that the demand of catalyst is going to increase in forecast year, thereby increasing the global catalyst market share.

Strict Environmental Regulations for Sustainable Growth is a Key Factor Propelling the Demand of the Catalyst

Environmental regulations have become increasingly strict in recent years, leading to a greater focus on reducing emissions from industrial processes. As a result, the use of catalysts has become increasingly important in meeting these regulations. 

Catalysts are used in a wide range of applications to reduce emissions of harmful pollutants. One of its uses is seen in the automotive industry, where catalytic converters are used to convert harmful gases from engine exhausts into less harmful substances before they are released into the atmosphere. In the chemical industry, catalysts are used to reduce emissions from manufacturing processes by increasing the efficiency of reactions and reducing the energy required to produce chemicals. In addition to reducing emissions, catalysts can also be used to remove pollutants from water and air. For example, catalytic converters can be used in industrial settings to remove harmful pollutants from wastewater, while catalytic air filters can be used to remove pollutants from the air.

To fulfill the demand of sustainable products, environmental regulations are expected to become more stringent in the future, which is likely to drive further growth in the catalyst market. In response to these regulations, companies are investing in research and development activities to develop new and improved catalysts that are more efficient and effective. These catalysts are designed to meet the specific requirements of different applications and to comply with increasingly strict environmental regulations. Hence, the catalyst market is closely tied to environmental regulations, with catalysts playing a key role in reducing emissions from industrial processes. As environmental regulations become more stringent, the demand for catalysts is expected to continue growing, driving further innovation in industry. Therefore, the demand for catalysts is going to increase in the forecast period, fueling the growth of global catalyst market.

Growing Demand for Cleaner Fuels is Propelling the Global Catalyst Market Demand

The demand for cleaner fuels has been growing significantly in recent years, driven by concerns about climate change and air pollution. Cleaner fuels, such as biodiesel, ethanol, and hydrogen, are seen as less harmful to the environment than traditional fossil fuels. Catalysts play a key role in the production of these cleaner fuels, by converting raw materials into usable fuel products. For example, catalysts are used in the production of biodiesel from vegetable oils, by converting the oils into esters. Catalysts are also used in the production of hydrogen, by converting natural gas or other feedstocks into hydrogen gas.

The demand for cleaner fuels is expected to continue growing in the coming years, as governments around the world implement policies to reduce greenhouse gas emissions and improve air quality. For example, the European Union has set a target of reducing greenhouse gas emissions by at least 55% by 2030, while the United States has announced plans to achieve net-zero emissions by 2050. As the demand for cleaner fuel grows, it will directly propel /the demand for catalysts in the forecasted period. Moreover, companies are investing in research and development activities to develop new and improved catalysts that are more efficient and effective in the production of cleaner fuels. For example, researchers are developing new catalysts to improve the efficiency of the water-splitting process used to produce hydrogen from renewable energy sources.

Catalysts are also used in the combustion and production of cleaner fuels such as natural gas. Catalysts can be used to improve the efficiency of combustion, leading to lower emissions and improved air quality. Hence, the growing demand for cleaner fuels is driving innovation and growth in the catalyst market. As governments around the world implement policies to reduce greenhouse gas emissions and improve air quality, the demand for catalysts is expected to continue growing in the upcoming years. Companies that invest in research and development activities to develop new and improved catalysts are likely to benefit from this trend.

Increasing Demand for Efficient Chemical Production Processes Driving the Market Growth

The chemical industry plays a critical role in the global economy, producing a wide range of products that are used in everything from pharmaceuticals and electronics to agriculture and construction. As the demand for chemical products continues to grow, there is a corresponding need for more efficient chemical production processes that can meet this demand in a sustainable and cost-effective way. Catalysts are an essential component of many chemical production processes, enabling reactions to occur more efficiently and with less waste. Catalysts can help to increase reaction rates, lower reaction temperatures, and reduce the amount of energy required to produce chemicals.

The increasing demand for efficient chemical production processes is being driven by several factors. First, there is a growing awareness of the environmental impact of chemical production, with concerns about the emission of greenhouse gases and the production of hazardous waste. As a result, companies are seeking to reduce their environmental footprint by adopting more efficient production processes that minimize waste and reduce energy consumption. Second, there is a need for more cost-effective production processes that can meet growing demand for chemical products while keeping prices competitive. Catalysts can help to reduce the cost of chemical production by enabling reactions to occur more efficiently, reducing the amount of raw materials needed, coupled with  lower energy consumption. Finally, there is a need for more flexible production processes that can adapt to changing market demands and product specifications. Catalysts can enable the production of a wider range of chemicals with greater flexibility and precision, enabling companies to respond more quickly to changing market conditions and customer needs. Hence, companies are investing in research and development activities to develop new and improved catalysts, through which they are expected to benefit from this trend. By enabling more sustainable, cost-effective, and flexible chemical production processes, catalysts are playing an important role in shaping the future of the chemical industry. Therefore, these trends are going to increase the demand of the global catalyst market in the upcoming years.

Recent Developments


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Market Segmentation

Global Catalyst Market is segmented based on raw materials, product, application, and region. Based on raw materials, the market is segmented into chemical compounds, zeolites, and metals. Based on product, the market is categorized as heterogeneous, and homogeneous. Based on application, the market is fragmented into petroleum refining, chemical synthesis, polymers, and petrochemicals, environmental, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Company Profiles

Evonik Industries AG, Albemarle Corporation (Ketjen Corporation), Honeywell International Inc. (UOP or Universal Oil Products LLC), BASF SE, ExxonMobil Chemical, Co. Haldor Topsoe Inc, Axens SA, Johnson Matthey PLC, Clariant International AG, and The Dow Chemical Company are some of the key players of global catalyst Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Raw Materials

Product

Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, France, China, India, South Korea, Japan, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE

Key companies profiled

Evonik Industries AG, Albemarle Corporation (Ketjen Corporation), Honeywell International Inc. (UOP or Universal Oil Products LLC), BASF SE, ExxonMobil Chemical Co. Haldor Topsoe Inc, Axens SA, Johnson Matthey PLC, Clariant International AG, The Dow Chemical Company

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global Catalyst market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Catalyst Market, By Raw Materials:
    • Chemical Compounds
    • Zeolites
    • Metals
  • Catalyst Market, By Product:
    • Heterogeneous
    • Homogeneous
  • Catalyst Market, By Application:
    • Petroleum Refining
    • Chemical Synthesis
    • Polymers and Petrochemicals
    • Environmental
    • Others
  • Catalyst Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the global Catalyst market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Catalyst Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Catalyst Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Raw Materials (Chemical Compounds, Zeolites, and Metals)

5.2.2.     By Product (Heterogeneous, and Homogeneous)

5.2.3.     By Application (Petroleum Refining, Chemical Synthesis, Polymers and Petrochemicals, Environmental, and Others)

5.2.4.     By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.     By Company (2022)

5.3.  Market Map

5.3.1.     By Raw Materials

5.3.2.     By Product

5.3.3.     By Application

5.3.4.     By Region

6.    North America Catalyst Market Outlook

6.1.  Market Size & Forecast       

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Raw Materials

6.2.2.     By Product

6.2.3.     By Application

6.2.4.     By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.     United States Catalyst Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Raw Materials

6.4.1.2.2.           By Product

6.4.1.2.3.           By Application

6.4.2.     Mexico Catalyst Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Raw Materials

6.4.2.2.2.           By Product

6.4.2.2.3.           By Application

6.4.3.     Canada Catalyst Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Raw Materials

6.4.3.2.2.           By Product

6.4.3.2.3.           By Application

7.    Europe Catalyst Market Outlook

7.1.  Market Size & Forecast       

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Raw Materials

7.2.2.     By Product

7.2.3.     By Application

7.2.4.     By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.     France Catalyst Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Raw Materials

7.4.1.2.2.           By Product

7.4.1.2.3.           By Application

7.4.2.     Germany Catalyst Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Raw Materials

7.4.2.2.2.           By Product

7.4.2.2.3.           By Application

7.4.3.     United Kingdom Catalyst Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Raw Materials

7.4.3.2.2.           By Product

7.4.3.2.3.           By Application

7.4.4.     Spain Catalyst Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Raw Materials

7.4.4.2.2.           By Product

7.4.4.2.3.           By Application

7.4.5.     Italy Catalyst Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Raw Materials

7.4.5.2.2.           By Product

7.4.5.2.3.           By Application

8.    Asia-Pacific Catalyst Market Outlook

8.1.  Market Size & Forecast       

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Raw Materials

8.2.2.     By Product

8.2.3.     By Application

8.2.4.     By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Catalyst Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Raw Materials

8.4.1.2.2.           By Product

8.4.1.2.3.           By Application

8.4.2.     India Catalyst Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Raw Materials

8.4.2.2.2.           By Product

8.4.2.2.3.           By Application

8.4.3.     South Korea Catalyst Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Raw Materials

8.4.3.2.2.           By Product

8.4.3.2.3.           By Application

8.4.4.     Japan Catalyst Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Raw Materials

8.4.4.2.2.           By Product

8.4.4.2.3.           By Application

8.4.5.     Australia Catalyst Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Raw Materials

8.4.5.2.2.           By Product

8.4.5.2.3.           By Application

9.    South America Catalyst Market Outlook

9.1.  Market Size & Forecast       

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Raw Materials

9.2.2.     By Product

9.2.3.     By Application

9.2.4.     By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil Catalyst Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Raw Materials

9.4.1.2.2.           By Product

9.4.1.2.3.           By Application

9.4.2.     Argentina Catalyst Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Raw Materials

9.4.2.2.2.           By Product

9.4.2.2.3.           By Application

9.4.3.     Colombia Catalyst Market Outlook

9.4.3.1.        Market Size & Forecast

9.4.3.1.1.           By Value

9.4.3.2.        Market Share & Forecast

9.4.3.2.1.           By Raw Materials

9.4.3.2.2.           By Product

9.4.3.2.3.           By Application

10. Middle East and Africa Catalyst Market Outlook

10.1.             Market Size & Forecast        

10.1.1.   By Value

10.2.             Market Share & Forecast

10.2.1.   By Raw Materials

10.2.2.   By Product

10.2.3.   By Application

10.2.4.   By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1.   South Africa Catalyst Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Raw Materials

10.4.1.2.2.         By Product

10.4.1.2.3.         By Application

10.4.2.   Saudi Arabia Catalyst Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Raw Materials

10.4.2.2.2.         By Product

10.4.2.2.3.         By Application

10.4.3.   UAE Catalyst Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Raw Materials

10.4.3.2.2.         By Product

10.4.3.2.3.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Product Launches

12.2.             Merger’s & Acquisitions

12.3.             Technological Advancements

13. Global Catalyst Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.5.1.   Evonik Industries AG

15.5.2.   Albemarle Corporation (Ketjen Corporation)

15.5.3.   Honeywell International Inc. (UOP or Universal Oil Products LLC)

15.5.4.   BASF SE

15.5.5.   ExxonMobil Chemical Co

15.5.6.   Haldor Topsoe Inc

15.5.7.   Axens SA

15.5.8.   Johnson Matthey PLC

15.5.9.   Clariant International AG

15.5.10.              The Dow Chemical Company

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Stringent environmental policies, growing demand for clean fuels, and growing R&D activities are driving the growth of global catalyst market.

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Evonik Industries AG, Albemarle Corporation (Ketjen Corporation), Honeywell International Inc. (UOP or Universal Oil Products LLC), BASF SE, ExxonMobil Chemical Co., Haldor Topsoe Inc, Axens SA, Johnson Matthey PLC, Clariant International AG, and The Dow Chemical Company are some of the key players of global Catalyst market.

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A catalyst is a substance or agent that increases the rate of a chemical reaction without being consumed or change itself. In other words, a catalyst speeds up a reaction by lowering the activation energy needed for the reaction to occur, making the reaction more efficient.

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Zeolites, nickel, platinum, or palladium aluminum chloride, hydrogen chloride, etc. are few examples of catalyst.

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Sakshi Bajaal

Business Consultant
Press Release

Catalyst Market to be Dominated by Petroleum Refining Application Segment Through 2028

May, 2023

Stringent environmental policies, growing demand for clean fuels, and growing R&D activities are expected to drive the global Catalyst Market in the forecast period 2024-2028.

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