Canada Catalyst Market Report and Forecast 2024-2032

Canada Catalyst Market Size

The Canada catalyst market is projected to grow at a CAGR of 4.51% between 2024 and 2032.

Canada Catalyst Market Outlook

• In 2022, Ontario’s chemical manufacturing subsector produced USD 8.5 billion in GDP in 2022. It accounted for around 10.0% of the overall manufacturing GDP in the province.

• Ontario accounts for around 40% of Canada’s total chemical manufacturing GDP.

• As per industry reports, Canada’s refining of finished petroleum products expanded by 3.9% from 2022 to 120.7 million cubic metres in 2023.

Canada Catalyst Market Growth

Catalysts play an integral role in the Canadian manufacturing sector. They are deployed in several processes, such as plastic production, ammonia synthesis, hydrogenation, and petroleum refining. The use of catalysts helps lower the amount of energy and time needed to produce plastics. Further, in the Canadian petroleum refining sector, metal-modified alumina, silica, and zeolites are widely deployed as catalysts. In 2022, Canada produced around 3.0 million tonnes of primary aluminum. The country is also the fourth-largest primary aluminum producer globally. Since aluminium is highly abundant, it has positioned itself as an inexpensive and less toxic catalyst than most other transition metals.

According to the Canada catalyst market analysis, zeolites are versatile catalysts widely deployed in large-scale petrochemical processes, fine chemicals synthesis, and biomass conversion. Further, Canada is a key metal producer. In 2022, the country produced more than 60 minerals and metals worth USD 75 billion. Metals represented 50% of the total production, with gold accounting for around 18%. Gold catalysts are deployed in various catalysis reactions used for the oxidation of carbon monoxide, hydrochlorination of ethylene, and oxidation of glucose to gluconic acid.

Canada Catalyst Industry Segmentation

Canada Catalyst Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.

Market Breakup by Material

• Chemical Compounds

• Metals

• Zeolites

• Others

Market Breakup by Product

• Homogeneous

• Heterogeneous

Market Breakup by Application

• Homogeneous Catalyst

• Heterogeneous Catalyst

Market Breakup by Region

• British Columbia

• Alberta

• The Prairies

• Central Canada

• Atlantic Canada

Canada Catalyst Market Share

Based on application, the market is bifurcated into homogeneous catalyst and heterogeneous catalyst. The heterogeneous application dominates the market. This growth can be attributed to its capacity to lessen toxicity; by employing stiff supports, homogeneous catalysts can be transformed into heterogeneous catalysts. Silicon dioxide, titanium dioxide, calcium carbonate, and barium sulfate are the main heterogeneous catalysts.

Homogenous compounds are expected to generate steady demand because they are primarily employed to esterify carboxylic acids. Furthermore, the rising acceptance of organometallic compounds as a means of producing polyethylene and polypropylene is further propelling the growth of homogenous catalyst.

Leading Companies in Canada Catalyst Market

The key players in the catalyst market are producing a range of catalysts from various materials, such as metals, zeolites, and chemical compounds.

• Evonik Industries AG

• The Dow Chemical Company

• Others

Key Highlights of the Report