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Catalyst Market Report by Type, Process, Raw Material, Application, and Region 2024-2032

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    Report

  • 137 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5753411
Description Jump to:
The global catalyst market size reached US$ 39.9 Billion in 2023. Looking forward, the market is projected to reach US$ 57.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.06% during 2023-2032.

Catalysts are substances that are deployed in small quantities to alter and stimulate the speed of chemical reactions by lowering and raising the activation energy required for the procedure. They can be reused post-treatment and do not undergo any thermodynamic changes during reactions. Catalysts assists in transforming raw materials into various useful manufactured products, enhancing air quality by controlling emissions, developing catalytic solutions to exchange chlorine-based intermediate for chemical synthesis, mitigating volatile organic compounds (VOCs), and removing massive waste compounds. Based on these properties, they find extensive applications in chemical synthesis, petroleum refining, petrochemical formulation, and polymer catalysis. At present, they are mainly available in zeolites, metals, chemical compounds, enzymes, and organometallic material types.

Catalyst Market Trends

The rapid expansion in the chemical and polymer manufacturing sectors and the ongoing establishment of petrol refining capacities have facilitated the widespread adoption of catalysts for chemical process optimization and improved product yield. This represents the major factor driving the market growth. In line with this, the implementation of green initiatives by governments, owing to rising environmental concerns, has prompted original equipment manufacturers (OEMs) to incorporate multiple catalysts, such as platinum, palladium, and rhodium in automobiles, which is acting as another growth-inducing factor. These solutions assist in mitigating nitrogen oxides (NOx), sulfur oxides (SOx), and carbon emissions.

Additionally, the extensive utilization of catalysts to convert bio-derived feedstock into industry-relevant chemicals is supplementing the product demand. Moreover, the increasing refining of methanol and polyolefins and the escalating need for petroleum-based products has intensified the uptake of industrial catalyst to design petroleum-based consumer goods, which is propelling the market growth. Apart from this, the extensive product employment to produce biochemicals and significant investments in research and development (R&D) activities to enhance catalyst efficiency are positively augmenting the market growth.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global catalyst market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, process, raw material and application.

Breakup by Type:

  • Heterogeneous Catalyst
  • Homogeneous Catalyst

Breakup by Process:

  • Recycling
  • Regeneration
  • Rejuvenation

Breakup by Raw Material:

  • Chemical Compounds
  • Peroxides
  • Acids
  • Amines
  • Others
  • Metals
  • Precious Metals
  • Base Metals
  • Zeolites
  • Others

Breakup by Application:

  • Chemical Synthesis
  • Chemical Catalysts
  • Adsorbents
  • Syngas Production
  • Others
  • Petroleum Refining
  • Fluid Catalytic Cracking (FCC)
  • Alkylation
  • Hydrotreating
  • Catalytic Reforming
  • Purification
  • Bed Grading
  • Others
  • Polymers and Petrochemicals
  • Ziegler Natta
  • Reaction Initiator
  • Chromium
  • Urethane
  • Solid Phosphorous Acid Catalyst
  • Others
  • Environmental
  • Light-duty Vehicles
  • Motorcycles
  • Heavy-duty Vehicles
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, Arkema S.A., Axens SA, BASF SE, Chevron Phillips Chemical Company LLC, Clariant AG, Dow Inc., Evonik Industries AG, Exxon Mobil Corporation, Honeywell International Inc., Johnson Matthey, Shell plc, W. R. Grace and Co. (Standard Industries Inc.) and Zeolyst International Inc.

Key Questions Answered in This Report

1. What was the size of the global catalyst market in 2023?
2. What is the expected growth rate of the global catalyst market during 2024-2032?
3. What are the key factors driving the global catalyst market?
4. What has been the impact of COVID-19 on the global catalyst market?
5. What is the breakup of the global catalyst market based on the type?
6. What is the breakup of the global catalyst market based on the process?
7. What is the breakup of the global catalyst market based on raw material?
8. What is the breakup of the global catalyst market based on the application?
9. What are the key regions in the global catalyst market?
10. Who are the key players/companies in the global catalyst market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Catalyst Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Heterogeneous Catalyst
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Homogeneous Catalyst
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Process
7.1 Recycling
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Regeneration
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Rejuvenation
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Raw Material
8.1 Chemical Compounds
8.1.1 Market Trends
8.1.2 Key Segments
8.1.2.1 Peroxides
8.1.2.2 Acids
8.1.2.3 Amines
8.1.2.4 Others
8.1.3 Market Forecast
8.2 Metals
8.2.1 Market Trends
8.2.2 Key Segments
8.2.2.1 Precious Metals
8.2.2.2 Base Metals
8.2.3 Market Forecast
8.3 Zeolites
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Chemical Synthesis
9.1.1 Market Trends
9.1.2 Key Segments
9.1.2.1 Chemical Catalysts
9.1.2.2 Adsorbents
9.1.2.3 Syngas Production
9.1.2.4 Others
9.1.3 Market Forecast
9.2 Petroleum Refining
9.2.1 Market Trends
9.2.2 Key Segments
9.2.2.1 Fluid Catalytic Cracking (FCC)
9.2.2.2 Alkylation
9.2.2.3 Hydrotreating
9.2.2.4 Catalytic Reforming
9.2.2.5 Purification
9.2.2.6 Bed Grading
9.2.2.7 Others
9.2.3 Market Forecast
9.3 Polymers and Petrochemicals
9.3.1 Market Trends
9.3.2 Key Segments
9.3.2.1 Ziegler Natta
9.3.2.2 Reaction Initiator
9.3.2.3 Chromium
9.3.2.4 Urethane
9.3.2.5 Solid Phosphorous Acid Catalyst
9.3.2.6 Others
9.3.3 Market Forecast
9.4 Environmental
9.4.1 Market Trends
9.4.2 Key Segments
9.4.2.1 Light-duty Vehicles
9.4.2.2 Motorcycles
9.4.2.3 Heavy-duty Vehicles
9.4.2.4 Others
9.4.3 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Albemarle Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Arkema S.A.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Axens SA
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 BASF SE
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Chevron Phillips Chemical Company LLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 Clariant AG
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Dow Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Evonik Industries AG
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Exxon Mobil Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Honeywell International Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Johnson Matthey
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Shell plc
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13 W. R. Grace and Co. (Standard Industries Inc.)
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 SWOT Analysis
15.3.14 Zeolyst International Inc.
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
List of Figures
Figure 1: Global: Catalyst Market: Major Drivers and Challenges
Figure 2: Global: Catalyst Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Catalyst Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Catalyst Market: Breakup by Type (in %), 2023
Figure 5: Global: Catalyst Market: Breakup by Process (in %), 2023
Figure 6: Global: Catalyst Market: Breakup by Raw Material (in %), 2023
Figure 7: Global: Catalyst Market: Breakup by Application (in %), 2023
Figure 8: Global: Catalyst Market: Breakup by Region (in %), 2023
Figure 9: Global: Catalyst (Heterogeneous Catalyst) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Catalyst (Heterogeneous Catalyst) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Catalyst (Homogeneous Catalyst) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Catalyst (Homogeneous Catalyst) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Catalyst (Recycling) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Catalyst (Recycling) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Catalyst (Regeneration) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Catalyst (Regeneration) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Catalyst (Rejuvenation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Catalyst (Rejuvenation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Catalyst (Chemical Compounds) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Catalyst (Chemical Compounds) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Catalyst (Metals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Catalyst (Metals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Catalyst (Zeolites) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Catalyst (Zeolites) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Catalyst (Other Raw Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Catalyst (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Catalyst (Chemical Synthesis) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Catalyst (Chemical Synthesis) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Catalyst (Petroleum Refining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Catalyst (Petroleum Refining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Catalyst (Polymers and Petrochemicals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Catalyst (Polymers and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Catalyst (Environmental) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Catalyst (Environmental) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Catalyst Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Catalyst Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Catalyst Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Catalyst Industry: SWOT Analysis
Figure 85: Global: Catalyst Industry: Value Chain Analysis
Figure 86: Global: Catalyst Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Catalyst Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Catalyst Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Catalyst Market Forecast: Breakup by Process (in Million US$), 2024-2032
Table 4: Global: Catalyst Market Forecast: Breakup by Raw Material (in Million US$), 2024-2032
Table 5: Global: Catalyst Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Catalyst Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Catalyst Market: Competitive Structure
Table 8: Global: Catalyst Market: Key Players

Companies Mentioned

  • Albemarle Corporation
  • Arkema S.A.
  • Axens SA
  • BASF SE
  • Chevron Phillips Chemical Company LLC
  • Clariant AG
  • Dow Inc.
  • Evonik Industries AG
  • ExxonMobil Corporation
  • Honeywell International Inc.
  • Johnson Matthey
  • Shell plc
  • W. R. Grace and Co. (Standard Industries Inc.)
  • Zeolyst International Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages137
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 39.9 Billion
Forecasted Market Value ( USD ) by 2032 $ 57.1 Billion
Compound Annual Growth Rate4.0%
Regions CoveredGlobal
No. of Companies Mentioned14

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