Catalyst Market

Plastic Optic Fiber Market Report Thumbnail

Catalyst Market by Raw Material (Zeolites, Metals, Chemical Compounds, Enzymes and Organometallic Materials), by Product (Heterogeneous, Homogeneous and Biocatalysts) and by Application (Petroleum Refining, Chemical Synthesis, Petrochemicals & Polymers, and Environmental) - Global Opportunity Analysis and Industry Forecast 2022-2030

  • Facebook
  • Linkedin
  • Whatsapp

Market Definition

The global Catalyst Market size was valued at USD 37.1 billion in 2021 and is predicted to reach USD 55.7 billion by 2030 with a CAGR of 4.6% from 2022-2030. Catalysts are substances that are used in large quantities for accelerating chemical reactions without undergoing physical or chemical changes. These substances enhance the chemical processes while minimizing cost and energy usage.

Also, it assists in the production of improved oil fractions for obtaining fuels such as biodiesel, ethanol, natural gas and propane. These substances are used in a wide range of applications such as petrochemical production, petroleum refining, polymer processing, environment protection reactions, and synthesis of bio-chemicals.

Market Dynamics and Trends

Increasing demand for higher-octane fuel along with expansion of oil and gas refineries drive the market growth of catalyst globally. Also, increasing use of catalyst in transportation, pharmaceutical, and chemical industries along with increased production of syngas through catalytic process is expected to drive the growth of catalyst market during the forecast period.

However, fluctuating prices of raw material along with unskilled labour force are the factors restraining the growth of market during the forecast period. On the other hand, increased use of biocatalysts such as rennin, pepsin and trypsin in healthcare R&D is expected to open new opportunities during the forecast period. Moreover, development of biochemicals through catalytic processes provides new prospects to the market players in the near future.

 

Market Segmentations and Scope of the Study

The catalyst market share is analysed based on raw material, product, application, and geography. Based on raw material, the market is segmented into zeolites, metals, and chemical compounds. The zeolite market is sub-divided into linde type a (LTA), faujasite (FAU), mobil five (MFI) and others. The metals are further sub-segmented into base metals and precious metals. Chemical compounds are further sub-classified into peroxide, acid, and amines, & others. Based on the product, the market is bifurcated into heterogeneous and homogeneous. According to the application, the catalyst market is classified into petroleum refining, chemical synthesis, petrochemicals & polymers, and environmental. The petroleum refining is further sub-segmented into FCC, alkylation, hydrotreating, hydrocracking, catalytic reforming, and others. Moreover, chemical synthesis is sub-classified into polyolefins, adsorbents, catalytic oxidation adsorbents, hydrogenation catalysts and chemical catalysts. Additionally, petrochemicals & polymers are sub-categorized into ziegler-natta, reaction initiator, urethane, chromium, and single-site. Furthermore, environmental segment is further classified into light duty vehicles, heavy duty vehicles, and motorcycles. The geographical segment of the advanced ceramics market covers North America, Europe, Asia Pacific, and Rest of the World.

 

Geographical Analysis

Asia-Pacific region holds the lion share of catalyst market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as increasing usage of catalyst in automobile and petrochemical industries. Also, rise in use of catalyst in polymer industry is further expected to drive the catalyst market growth in this region.

However, North America is expected to show a steady rise in the catalyst market due to rise in use of catalyst in crude oil processing. Also, catalyst finds its application in the production of ultra-low sulphur diesel and gasoline that further drive the market growth in this region. Moreover, presence of several market players such as Honeywell Uop, Johnson Matthey, Albemarle Corporation, PQ Corporation, Evonik Industries Ag, Axens, Unicat Catalyst Technologies Inc, Clariant, Nippon Ketjen, Cb & I, Shell Global Solutions, Exxon Mobil Corp, Criterion Catalyst & Technology, Sinopec Catalyst Co., and W.R. Grace & Co contributes towards the market growth.

 

Competitive Landscape

The global catalyst market is comprised of various market players such as Albemarle Corporation, BASF SE, Chevron Philips Chemical Company LLC, Clariant AG, Dodf Ketal Chemicals Pvt. Ltd, Dow Chemical Company, Evonik Industries AG, Exxonmobil Corporation, Johnson Matthew, and W.R. Grace and Co. These market players are adopting various joint venture strategies and planning expansion of their business across various regions to maintain their dominance in the catalyst market.

For instance, in January 2022, BASF SE joined hands with Blue Chemicals. This joint venture was done to promote low-carbon development and utilization of marine gas resources. Also, in January 2022, Dow Chemical Company joined hands with New Hope Energy. This joint venture was done to provide pyrolysis oil feedstock derived from recycled plastics collected in North America.

Key Benefits

  • The catalyst market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the catalyst market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the catalyst market is provided in the report.

  • The competitive analysis of the market players along with their market share in the catalyst market

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments

By Raw Material

  • Zeolite

    • Linde Type A (LTA)

    • Faujasite (FAU)

    • Mobil Five (MFI)

    • Others

  • Metals

    • Base Metal

    • Precious Metal

  • Chemical Compounds

    • Peroxide

    • Acid

    • Amines

    • Others

  • Enzymes

  • Organometallic Materials

By Product

  • Heterogeneous

  • Homogeneous

  • Biocatalysts

By Application

  • Petroleum Refining

    • FCC

    • Alkylation

    • Hydrotreating

    • Hydrocracking

    • Catalytic Reforming

    • Others

  • Chemical Synthesis

    • Polyolefins

    • Catalytic Oxidation

    • Hydrogenation Catalysts

    • Others

  • Petrochemicals & Polymers

    • Ziegler-Natta

    • Reaction Initiator

    • Urethane

    • Chromium

    • Single-site

  • Environmental

    • Light Duty Vehicles

    • Heavy Duty Vehicles

    • Motorcycles

    • Others

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

Key Players

  • Albemarle Corporation

  • BASF SE

  • Chevron Philips Chemical Company LLC

  • Clariant AG

  • Dodf Ketal Chemicals Pvt. Ltd

  • Dow Chemical Company

  • Evonik Industries AG

  • Exxonmobil Corporation

  • Johnson Matthew

  • W.R. Grace and Co

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Raw Material (Zeolites, Metals, Chemical Compounds, Enzymes and Organometallic Materials), by Product (Heterogeneous, Homogeneous and Biocatalysts) and by Application (Petroleum Refining, Chemical Synthesis, Petrochemicals & Polymers, and Environmental)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining Countries)

Companies Profiled

Albemarle Corporation, BASF SE, Chevron Philips Chemical Company LLC, Clariant AG, Dodf Ketal Chemicals Pvt. Ltd, Dow Chemical Company, Evonik Industries AG, Exxonmobil Corporation, Johnson Matthew, and W.R. Grace and Co.

Bar chart Pie chart Pie chart

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

Frequently Asked Questions

According to the report published by Next Move Strategy Consulting, the Catalyst market business is expected to hit at $55.7 billion (USD) by 2030.

Asia-Pacific is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Albemarle Corporation, BASF SE, Chevron Philips Chemical Company LLC, Clariant AG, Dodf Ketal Chemicals Pvt. Ltd, Dow Chemical Company, Evonik Industries AG, Exxonmobil Corporation, Johnson Matthew, and W.R. Grace and Co.

The global Catalyst market share analysis is based on raw material, product, application, and geography.

Currently (in 2021), the market value stands at USD 37.1 billion and it is anticipated to reach USD 55.7 billion by 2030.
popular
$4,975
$3,975
$6,975
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more