Global and Regional Catalysts Industry Status and Prospects Professional Market Research Report Stan
MARKET OVERVIEW:
Catalysts are substances that accelerate chemical reactions without being consumed in the process, playing a critical role in industries ranging from petroleum refining to environmental applications. These materials include heterogeneous catalysts (such as zeolites and metals) and homogeneous catalysts (including chemical compounds and enzymes), each serving distinct industrial purposes.
MARKET INSIGHT & GROWTH DRIVERS:
2024 CAGR 2032
2471.55 MILLION
2835.7 MILLION
The market growth is driven by increasing demand from the petroleum refining sector, which accounts for over 40% of global catalyst consumption.
MARKET DYNAMICS
Surging Demand from Petroleum Refining and Chemical Synthesis Industries
Global catalysts market is experiencing robust growth driven by increasing demand from petroleum refining and chemical synthesis applications. Catalysts play a crucial role in improving process efficiency and reducing energy consumption in these industries. With petroleum refining accounting for over 45% of catalyst consumption globally, the steady recovery of oil prices since 2021 has significantly boosted market demand.
MARKET OPPORTUNITIES
The shift toward sustainable chemical production creates substantial opportunities for catalyst manufacturers. Renewable feedstock processing requires novel catalytic approaches, with biorefineries demanding customized solutions for lignocellulosic biomass conversion. The market for catalysts in bio-based chemical production is projected to exceed USD5 billion by 2028, representing a significant growth frontier.
COMPANY MISSION
The shift toward renewable energy and hydrogen economies is reshaping catalyst demand patterns. While refinery catalysts face slower growth due to energy transition, electrolyzer catalysts for green hydrogen production are experiencing 18-20% annual growth. Major players are investing heavily in platinum group metal (PGM) alternatives, with nickel-iron catalysts emerging as cost-effective solutions for alkaline water electrolysis.
REGIONAL MARKET OUTLOOK
North America
The North American low temperature inks market benefits from strong regulatory pressures favoring sustainable printing solutions, particularly in packaging and electronics applications. The U.S. remains a dominant player, with over 35% of the regional market share, driven by stringent EPA regulations on VOC emissions and corporate sustainability initiatives.
Europe
Europe leads in adopting advanced low temperature ink formulations, with Germany, France, and the U.K. accounting for 60% of regional demand. The EU’s Circular Economy Action Plan and REACH regulations incentivize water-based and bio-based ink development. A notable trend is the collaboration between ink manufacturers and printing equipment providers to optimize lowtemperature curing systems
COMPETITIVE LANDSCAPE
• BASF SE (Germany)
• Albemarle Corporation (U.S.)
• Johnson Matthey PLC (UK)
• Evonik Industries AG (Germany)
• Dow Chemical Company (U.S.)
• Clariant AG (Switzerland)
This landscape will likely evolve through 2032 as sustainability mandates drive demand for catalysts enabling emission reductions and circular economy processes.
DOWNLOAD FREE SAMPLE PDF BROCHURE
About Us
Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently.
As a one-stop platform for the chemical sector, we offer:
• Deep specialization in chemical market analysis
• Customized reports tailored to your needs
• A robust portal with free samples, consulting, and competitive insights
