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Global Catalyst Market Analysis, Share, Trends, Forecast: By Material: Chemical Compounds, Metals, Zeolites, Others; By Product: Heterogeneous, Homogeneous; By Application: Heterogeneous Catalyst, Homogeneous Catalyst; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Catalyst Market Outlook
The global catalyst market reached a value of about USD 39.36 billion in 2023. The market is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
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Increasing Demand for Metals to Augment the Catalyst Industry Growth
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.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Catalyst Industry
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.
Catalyst: Market Segmentation
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:
- Chemical Compounds
- Metals
- Zeolites
- Others
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:
- Heterogeneous
- Homogeneous
On the basis of application, the industry can be divided into:
- Heterogeneous Catalyst
- Homogeneous Catalyst
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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Increasing Utilisation in Various Industries and the Rising Demand for Environmental Catalysts to Bolster the Growth of the Catalyst Industry
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.
Key Industry Players in the Global Catalyst Market
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:
- Albemarle Corporation
- Evonik Industries AG
- Honeywell International Inc.
- BASF SE
- The Dow Chemical Company
- Others
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.
Key Highlights of the Report
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Catalyst Market Analysis
8.1 Key Industry Highlights
8.2 Global Catalyst Historical Market (2018-2023)
8.3 Global Catalyst Market Forecast (2024-2032)
8.4 Global Catalyst Market by Material
8.4.1 Chemical Compounds
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Peroxides
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 Acids
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.1.3.3 Amines
8.4.1.3.3.1 Historical Trend (2018-2023)
8.4.1.3.3.2 Forecast Trend (2024-2032)
8.4.1.3.4 Others
8.4.2 Metals
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Precious Metals
8.4.2.3.1.1 Historical Trend (2018-2023)
8.4.2.3.1.2 Forecast Trend (2024-2032)
8.4.2.3.2 Base Metals
8.4.2.3.2.1 Historical Trend (2018-2023)
8.4.2.3.2.2 Forecast Trend (2024-2032)
8.4.3 Zeolites
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Catalyst Market by Product
8.5.1 Heterogeneous
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Homogeneous
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Catalyst Market by Application
8.6.1 Heterogeneous Catalyst
8.6.1.1 Chemical Synthesis
8.6.1.1.1 Historical Trend (2018-2023)
8.6.1.1.2 Forecast Trend (2024-2032)
8.6.1.2 Petroleum Refining
8.6.1.2.1 Historical Trend (2018-2023)
8.6.1.2.2 Forecast Trend (2024-2032)
8.6.1.3 Polymers and Petrochemicals
8.6.1.3.1 Historical Trend (2018-2023)
8.6.1.3.2 Forecast Trend (2024-2032)
8.6.1.4 Environmental
8.6.1.4.1 Historical Trend (2018-2023)
8.6.1.4.2 Forecast Trend (2024-2032)
8.6.2 Homogeneous Catalyst
8.6.2.1 Chemical Synthesis
8.6.2.1.1 Historical Trend (2018-2023)
8.6.2.1.2 Forecast Trend (2024-2032)
8.6.2.2 Petroleum Refining
8.6.2.2.1 Historical Trend (2018-2023)
8.6.2.2.2 Forecast Trend (2024-2032)
8.6.2.3 Polymers and Petrochemicals
8.6.2.3.1 Historical Trend (2018-2023)
8.6.2.3.2 Forecast Trend (2024-2032)
8.6.2.4 Environmental
8.6.2.4.1 Historical Trend (2018-2023)
8.6.2.4.2 Forecast Trend (2024-2032)
8.7 Global Catalyst Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Catalyst Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Catalyst Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Catalyst Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Catalyst Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Catalyst Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Albemarle Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Evonik Industries AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Honeywell International Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 BASF SE
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 The Dow Chemical Company
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Catalyst Market: Key Industry Highlights, 2018 and 2032
2. Global Catalyst Historical Market: Breakup by Material (USD Billion), 2018-2023
3. Global Catalyst Market Forecast: Breakup by Material (USD Billion), 2024-2032
4. Global Catalyst Historical Market: Breakup by Product (USD Billion), 2018-2023
5. Global Catalyst Market Forecast: Breakup by Product (USD Billion), 2024-2032
6. Global Catalyst Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Catalyst Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Catalyst Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Catalyst Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Catalyst Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Catalyst Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Catalyst Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Catalyst Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Catalyst Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Catalyst Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Catalyst Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Catalyst Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Catalyst Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Catalyst Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Catalyst Market Structure
Key Questions Answered in the Report
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% 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.
Analyst Review
The global catalyst market attained a value of USD 39.36 billion in 2023, driven by the increasing demand in various sectors and the rising adoption of environmental catalysts. Aided by the changing energy patterns pertaining to renewable fuels and the growing R&D activities, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By material, the market is divided into chemical compounds, metals, and zeolites, among others. By product, the market is bifurcated into heterogeneous and homogeneous. Based on application, the industry can be segmented into heterogeneous catalyst and homogeneous catalyst. Both the heterogeneous catalyst and homogeneous catalyst segments can be further divided into chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental. The major regional markets for catalyst are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Albemarle Corporation, Evonik Industries AG, Honeywell International Inc., BASF SE, and The Dow Chemical Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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