Malaysia catalyst market is anticipated to grow
significantly rate in the projected period of 2028, driven by the increasing demand for chemical synthesis processes. In
2021, the manufacturing of chemical and chemical products in Malaysia had a
production index of 119.5.
Malaysia catalyst market is expected to expand
during the projected period, due to increasing demand from chemical synthesis
process as chemicals are used in the manufacturing of many end use products for
various industries such as pharmaceuticals, agricultural chemicals, olefins,
etc. For example, paracetamol,
which is a basic drug is produced by acetylation of para-aminophenol (that is obtained
by reduction of para-nitrophenol) with acetic acid or acetic anhydride using Pd/C
or Ni-Re catalysts at 20-70°C, this result in increasing the demand of catalyst for various chemical
processes. Along
with this, catalysts are used as fertilizers along with raw materials, to
increase nutrient availability in the roots and promote growth of the plants, like ammonia which is a fertilizer that is
produced with nitrogen & hydrogen using iron catalysts in the production process ,
propelling the growth of Malaysia Catalyst Market in the projected period.
Malaysia catalyst market is a dynamic and competitive
sector that offers opportunities for growth and innovation. The market players
are focusing on expanding their product portfolio, enhancing their quality
standards, improving their distribution network, and increasing their market
share. Along with this, merger and acquisition activities in the catalyst market
enhance companies' presence in the region as these acquisitions help companies
to better serve their customers and meet the growing demand for catalyst in Malaysia
in the forecasted period.
Growing Demand for Effective
Chemical Synthesis
The chemical industry plays a critical role in
the economy, producing a wide range of products that are used in everything
from agricultural and electronics to construction and pharmaceuticals. As the
demand for chemical products continues to grow, there is a corresponding need
for more effective chemical synthesis processes that can meet this demand in a
sustainable and cost-effective way. Catalysts are an essential component for chemical
synthesis processes, enabling reactions to occur more efficiently and with less
waste. Catalysts can help to increase reaction rates and reduce the amount of energy
required to produce chemicals.
For instance, in 2022, W. R. Grace developed RANEY brand catalysts for
hydrogenation and dehydrogenation processes.
Moreover, rising demand for effective chemical synthesis
processes is dependent on several factors. Firstly, 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. Thus,
chemical producers are seeking to reduce their environmental footprint by adopting
more efficient production processes that minimize waste and reduce energy
consumption. Secondly, there is a need for more cost-effective synthesis
processes that can meet growing demand for chemical products while keeping
prices competitive. Thus, catalysts play an important role in reducing the cost
of chemical synthesis 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 synthesis processes, catalysts are
playing an important role in shaping the future of the chemical industry.
For instance, in 2022, BASF
introduced CircleStar, an innovative dehydration catalyst to decreases CO2
footprint in the bio-ethylene value chain for products ranging from jet fuel to
plastics.
Therefore, these trends are going to increase
the demand of the Malaysia catalyst market in the upcoming years.
Rising Environmental
Regulations for Sustainable Growth
Strict environmental regulations implemented by
the government lead to a greater focus on reducing emissions from industrial
processes and automobile sector. 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.
For instance, according to Department of Environment, Ministry of Natural
Resources, Environment and Climate Change has implemented Environmental Quality (Control of
Petrol and Diesel Content) (Amendment) Regulations 2021 -P.U. (A) 138/2021 regarding
the concentration of sulphur in the emission.
One of the catalysts use 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.
For instance, Johnson
Matthey PLC has started the construction on new catalyst-products plant which
provide catalyst products to the automotive industry to reduce harmful
emissions from all type of vehicles.
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. Thus, increasing demand of catalyst for reducing
harmful pollutants from various sources dominates the growth of the Malaysia catalyst
market in the forecast period.
Increasing Demand from Petroleum Refinery for Catalytic Process
Engineers must carry out refining processes
with as few environmental pollutants as possible, due to rise in the number of
rigorous environmental laws on emissions from refineries. Catalysts are one of
the greatest solutions to implement these ever-increasing environmental
restrictions in the refining process. Catalysts are mostly utilized in the
cracking of feedstock components in petroleum refining to boost the production
of high-quality products. Along with cost and energy savings, the use of a
catalyst encourages the optimization of hydrocracking reactions. A catalyst and
a high partial pressure of hydrogen gas are used in the hydrocracking process
to convert complex hydrocarbon molecules into simpler ones. By reacting with
hydrogen in the presence of a catalyst, hydrotreating is the process of
eliminating undesirable contaminants like Sulphur, nitrogen, and metals from
oil fractions. A catalyst and heat are used in the chemical process of fluid
catalytic cracking to split long-chain hydrocarbons into shorter-chain hydrocarbons.
This has aided market expansion for applications related to petroleum refining.
For instance, Shell’s
development of a new advanced proprietary cobalt synthesis catalyst has already
significantly increased the output of GTL (gas-to-liquids) products on a
commercial scale at Bintulu, Malaysia.
Additionally, the demand for cleaner fuels has
been growing significantly 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.
Thus, all such factors are expected to drive
the demand for catalyst in the projected years.
However, catalysts are produced in small quantities and small-scale
manufacturing is very expensive as it used various type of metal based raw
material which has high cost. Furthermore, the catalyst preparation process requires
multiple steps and optimum process conditions which increases the production
and processing costs that result in restraining the growth of the market.Moreover, sintering or thermal
deactivation is one of the major processes for losing the activity of the catalyst,
particularly in case of high temperature process such as steam reforming,
catalytic combustion, etc. which further slows down the market growth.
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Recent Development
- In 2022, Clariant
had signed a contract with Wanhua Chemical Group to source catalysts for
its new maleic anhydride plant.
- In 2022, BASF
introduced X3D, a revolutionary catalyst shaping technology for optimized
catalyst performance.
- In 2021, BASF
expanded its chemical catalyst recycling capacity and capability with the
acquisition of Zodiac Enterprises LLC in Caldwell, Texas.
- In 2019, Evonik
opened new plant in India for activated metal catalysts which is used in
the food industry to produce sorbitol, the manufacture of active
pharmaceutical ingredients (APIs) and in the production of fine and
industrial chemicals.
Market Segmentation
Malaysia
Catalyst Market is segmented based on type, material, application,
and region. Based on the type, the market is divided into heterogeneous catalysts
and homogeneous catalysts. Based on the material,
the market is fragmented into zeolites, chemical compounds, metals, additives, and
others. Based on the application, the market is categorized into petroleum refining, chemical synthesis, polymers and
petrochemicals, environmental, and others. Based on region, the market
is segregated into East Malaysia, and West Malaysia,
Company Profiles
BASF (Malaysia) Sdn. Bhd., W R Grace Specialty
Chemicals (Malaysia) Sdn. Bhd., Clariant (Malaysia) Sdn Bhd, Evonik Malaysia
Sdn Bhd, Honeywell International Sdn. Bhd., Johnson Matthey Sdn Bhd, Dow Chemical
Pacific Ltd, Topsoe Sdn. Bhd., Axens South East Asia Sdn Bhd, Shell Malaysia
Plc are some of the key players in Malaysia
Catalyst Market.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic Data
|
2018 – 2021
|
|
Estimated
Year
|
2023
|
|
Forecast Period
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2024 – 2028
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|
Quantitative
Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
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Revenue forecast, Company
shares, competitive landscape, growth factors, and trends
|
|
Segments
covered
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Type
Material
Application
|
|
Region scope
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East Malaysia, West Malaysia
|
|
Key companies profiled
|
BASF (Malaysia) Sdn. Bhd.,
W R Grace Specialty Chemicals (Malaysia) Sdn. Bhd., Clariant (Malaysia) Sdn
Bhd, Evonik Malaysia Sdn Bhd, Honeywell International Sdn. Bhd., Johnson
Matthey Sdn Bhd, Dow Chemical Pacific Ltd, Topsoe Sdn. Bhd., Axens South East
Asia Sdn Bhd, Shell Malaysia Plc
|
|
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.
|
|
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, Malaysia catalyst market has been
segmented into the following categories, in addition to the industry trends, which
have also been detailed below:
- Malaysia Catalyst Market, By Type:
- Heterogeneous
Catalysts
- Homogeneous
Catalysts
- Malaysia Catalyst Market, By Material:
- Zeolites
- Chemical Compounds
- Metals
- Additives
- Others
- Malaysia Catalyst Market, By Application:
- Petroleum Refining
- Chemical Synthesis
- Polymers and Petrochemicals
- Environmental
- Others
- Malaysia Catalyst Market, By Region:
- East Malaysia
- West Malaysia
Competitive landscape
Company Profiles: Detailed analysis of the
major companies in Malaysia 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).
Malaysia Catalyst Market is
an upcoming report to be released soon. If you wish early delivery of this report
or want to confirm the date of release, please contact us at [email protected]