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.
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.
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.
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.
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.
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.
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
Heterogeneous
Homogeneous
Biocatalysts
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
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
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. |