Catalyst Market Analysis, Size, Growth, Share, Trend,
Forecast 2023 - 2030
Catalyst Market Growth & Trends
The global catalyst market size is expected to reach USD 42.6 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2023 to 2030. Catalyst refers to the class of compounds or chemicals that enables a chemical reaction to proceed at a pace faster than otherwise possible. Depending on the similarity or dissimilarities of the catalyst with the reactants, a catalyst can be either homogeneous or heterogeneous. Therefore, based on product type, the market is segmented as homogeneous and heterogeneous catalysts.
The raw materials used for catalyst manufacturing include acids, peroxides, and amines, which are generally classified as chemical compounds. Metals including precious metals and base metals besides zeolites are the prominent raw material market segments. A catalyst finds numerous applications in end-use industries such as chemicals (adsorbents, polyolefins); petroleum refining (alkylation, hydrotreating, hydrocracking, catalytic reforming); polymers and petrochemicals; and automotive (motorbikes, light-duty, and heavy-duty vehicles) owing to the benefits obtained by the application of a catalyst in any particular chemical reaction.
The global market has witnessed a significant growth rate over the past few years owing to the benefits it has gained from high-value product segments. For instance, the application of catalysts in an automobile reduces carbon emissions that are harmful to the environment and, thus, their application is highly promoted by governments globally. Favorable government regulations, in turn, have increased the demand for catalysts in the automotive industry across regions. Browse full report with Table of Content (PDF with All Related Graph and Chart)
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Key market players include BASF, Johnson Matthey, W.R. Grace, Albemarle Corporation, Evonik Industries AG, and DuPont. In July 2014, Johnson Matthey Process Technologies established a new production site in Brazil which manufactures catalyst for captive hydrogen production in the refining sector. This initiative was taken to ensure product supply to refining companies located in Latin America over the next eight years.
Catalyst Market Report Highlights
Chemical compounds dominated the market with a volume share of 38.8% in 2022, it is used as catalyst raw materials for numerous applications in chemical, petrochemical, and polymer industries
Homogenous is predicted to witness the fastest growth, in terms of revenue, with a CAGR of 4.9% from 2023 to 2030. The growing popularity of organometallic compounds to produce polyethylene and polypropylene is further expected to fuel their demand in the near future
Asia Pacific dominated the catalyst market with a volume share of 35.9% in 2022. This can be attributed to the rapid development of the chemical industry, predominantly in the emerging economies of the region such as China and India
In June 2020, Albemarle Corporation entered into a definitive agreement with W. R. Grace & Co. for selling its polyolefin catalyst and components business for a value of around USD 416 million
With the escalating demand from applications including chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental there has been an upsurge in demand for catalysts for process optimization, yield improvement, cost-saving, and energy saving amongst the manufacturers globally
Catalyst Market Segmentation
GrandViewResearchhassegmentedtheglobalcatalystmarketonthebasisofraw material,productbyapplication,andregion:
Catalyst Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 20182030)
ChemicalCompounds
Metals
o Peroxides
o Acids
o Amines&Others
o PreciousMetals
o BaseMetals
Zeolites
Others
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Catalyst Product by Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
HeterogeneousCatalyst
o ChemicalCatalysts
o ChemicalSynthesis
o Adsorbents
o SyngasProduction
o Others
o PetroleumRefining
o FCC
o Alkylation
o Hydrotreating
o CatalyticReforming
o Purification
o BedGrading
o Others
o PolymersAndPetrochemicals
o ZieglerNatta
o ReactionInitiator
o Chromium
o Urethane
o SolidPhosphorousAcidCatalyst
o Others
o Environmental
o Light-dutyvehicles
o Motorcycles
o Heavy-dutyvehicles
o Others
HomogeneousCatalyst
o ChemicalSynthesis
o ChemicalCatalysts
o Adsorbents
o SyngasProduction
o Others
o Petroleumrefining
o FCC
o Alkylation
o Hydrotreating
o CatalyticReforming
o BedGrading
o Purification
o Others
o PolymersAndPetrochemicals
o ZieglerNatta
o ReactionInitiator
o Chromium
o Urethane
o SolidPhosphorousAcidcatalyst
o Others
o Environmental
o Light-dutyVehicles
o Motorcycles
o Heavy-dutyVehicles
o Others
Catalyst Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
NorthAmerica
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Italy
o Netherlands
o Spain
o Russia
AsiaPacific
o China
o India
o Japan
o SouthKorea
o Australia
o Indonesia
o Malaysia
Central&SouthAmerica
o Brazil
MiddleEast&Africa
o SouthAfrica
o SaudiArabia
List of Key Players in the Catalysts Market
AlbemarleCorporation
HaldorTopsoeA/S
BASFSE
EvonikIndustriesAG
LyondellBasellIndustriesHoldingsB.V.
Arkema
TheDowChemicalCompany
HaldorTopsoeA/S
W.R.Grace&Co.-Conn.
JohnsonMatthey
Axens
HoneywellUOP
ZeolystInternational
Clariant
Umicore
ExxonMobilCorporation
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A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
The report provides a holistic view of the Catalyst Market
The latest product launches, along with technological changes and developments, are included in the report.
The data analysis in the report will help you Catalyst Market dynamics projected from 2022 - 2030
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