The global catalyst market attained a value of nearly USD 39.36 Billion in 2023. The market is further expected to grow at a CAGR of 5.00% during the forecast period of 2024-2032 to reach a value of USD 61.06 Billion by 2032.
Base Year
Historical Year
Forecast Year
| Global Catalyst Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 39.36 |
| Market Size 2032 | USD Billion | 61.06 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.8% |
| CAGR 2024-2032 - Market by Country | India | 6.6% |
| CAGR 2024-2032 - Market by Country | China | 5.5% |
| CAGR 2024-2032 - Market by Material | Metals | 5.7% |
| CAGR 2024-2032 - Market by Product | Heterogeneous | 5.4% |
| Market Share by Country 2023 | Germany | 5.8% |
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Based on material, the metals segment accounts for a significant share in the catalyst industry. Noble metals (platinum, palladium, ruthenium, rhodium, gold, and copper) and non-noble metals (tungsten and molybdenum) are used for dehydrogenation and hydrogenation, while nickel and cobalt are also used as catalyst raw materials. The process of breaking and rearranging aromatics and olefins to create fractions like alkanes and naphthenes is accelerated by these metals, which is driving its demand.
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period. This can be attributed to the growth of the automotive, petrochemicals, polymer, and chemical industries in emerging nations like China. China has a large number of chemical and polymer manufacturing firms, and as a result, the country has become a manufacturing hub for various chemical and petrochemical products. The market in China is being aided by the high domestic demand and low manufacturing costs as compared to the United States and the European Union countries. Furthermore, the growing FDI investments and lucrative growth opportunities are expected to positively influence the market growth in the Asia Pacific.
A catalyst is a material that speeds up the rate at which a chemical reaction occurs.
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By material, the market is divided into:
The chemical compounds segment can be further categorised into peroxides, acids, amines, and others. Moreover, the metals segment is further classified into precious metals and base metals.
Based on product, the industry can be segmented into:
On the basis of application, the industry can be divided into:
Both the heterogeneous catalyst and homogeneous catalyst segments can be further divided into chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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| CAGR 2024-2032 - Market by | Country |
| India | 6.6% |
| China | 5.5% |
| UK | 4.6% |
| USA | 4.4% |
| Italy | 3.5% |
| Canada | XX% |
| Germany | XX% |
| France | XX% |
| Japan | 3.4% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The increasing utilisation of catalysts in various sectors like chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental applications for process optimisation, yield improvement, cost-cutting, and energy-saving is the major factor driving the growth of the industry. Furthermore, environmental catalysts assist producers in meeting all of the strict NOx, SOx, and carbon dioxide emission regulations. Thus, the catalyst demand has also risen in response to changing energy trends pertaining to renewable fuels such as biodiesel and shale gas fuel.
Over the forecast period, the demand for the product in petrochemical and chemical applications is expected to be boosted by manufacturers seeking to add value to their feedstock or refining by processing value-added petrochemicals and chemicals such as methanol and polyolefins.
The report gives a detailed analysis of the following key players in the global catalyst market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global catalyst market attained a value of nearly USD 39.36 Billion.
The market is projected to grow at a CAGR of 5.00% between 2024 and 2032.
The major market drivers include the growing usage of catalysts in various end-use sectors, the increasing demand for environmental catalysts, and growing urbanisation and industrialisation.
The growing R&D activities and the rising usage of renewable fuels are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various materials considered in the market report are chemical compounds, metals, and zeolites, among others.
Heterogeneous and homogeneous are the significant products available in the market.
The major applications of both heterogeneous and homogeneous catalysts are chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental.
The major players in the market are Albemarle Corporation, Evonik Industries AG, Honeywell International Inc., BASF SE, and The Dow Chemical Company, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 61.06 Billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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