Product Code: 978-1-68038-228-0
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.
Catalysts are increasingly being used to reduce the processing time of crude oil refining along with improving refining equipment efficiency. These factors are likely to fuel the demand for catalysts over the projected forecast period. However, volatile prices of raw materials, including gold and platinum, are expected to hamper the manufacturing output of catalysts, thereby restraining the market growth. Nonetheless, the introduction of biocatalysts is expected to open new avenues for the market over the forecast period.
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
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & THIRD-PARTY Perspectives
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Catalyst Market : Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List of Potential End-Users
- 3.3 Price Trend Analysis, 2018-2030
- 3.3.1 Factors Affecting Prices
- 3.4 Regulatory Framework, By Regions
- 3.5 Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.2 Market restraint analysis
- 3.5.3 Market Challenges Analysis
- 3.5.4 Market Opportunity Analysis
- 3.6 Business Environment Analysis
- 3.6.1 Porter's Analysis
- 3.6.2 PESTEL Analysis
Chapter 4 Catalyst Market: Raw Material Estimates & Trend Analysis.
- 4.1 Raw Material Movement Analysis & Market Shar, 2022 & 2030
- 4.1.1 Chemical compounds
- 4.1.1.1 Peroxides
- 4.1.1.2 Acids
- 4.1.1.3 Amines and Others
- 4.1.2 Metals
- 4.1.2.1 Precious Metals
- 4.1.2.2 Base Metals
- 4.1.3 Zeolites
- 4.1.4 Others
Chapter 5 Catalyst Market: Product by Application Estimates & Trend Analysis
- 5.1 Raw Material Movement Analysis & Market Shar, 2022 & 2030
- 5.1.1 Heterogeneous catalyst
- 5.1.1 1 Chemical synthesis
- 5.1.1.1.1 Chemical catalysts
- 5.1.1.1.2 Adsorbents
- 5.1.1 1.3. Syngas production
- 5.1.1 1.4. Bed grading
- 5.1.1 1.5. Others
- 5.1.1.2. Petroleum refining
- 5.1.1.2.1. FCC
- 5.1.1.2.2. Alkylation
- 5.1.1.2.3. Hydrotreating
- 5.1.1.2.4. Catalytic Reforming
- 5.1.1.2.5. Purification
- 5.1.1.2.6. Others
- 5.1.1.3. Polymers and petrochemicals
- 5.1.1.3.1. Ziegler Natta
- 5.1.1.3.2. Reaction Initiator
- 5.1.1.3.3. Chromium
- 5.1.1.3.4. Urethane
- 5.1.1.3.5. Others
- 5.1.1.4. Environmental
- 5.1.1.4.1. Light duty vehicles
- 5.1.1.4.2. Motorcycles
- 5.1.1.4.3. Heavy duty vehicles
- 5.1.1.4.4. Others
- 5.1.2. Homogeneous Catalyst
- 5.1.2.2. Petroleum refining
- 5.1.2.2.1. FCC
- 5.1.2.2.2. Alkylation
- 5.1.2.2.3. Hydrotreating
- 5.1.2.2.4. Catalytic Reforming
- 5.1.2.2.5. Bed grading
- 5.1.2.2.6. Purification
- 5.1.2.2.7. Others
- 5.1.2.3. Polymers and petrochemicals
- 5.1.2.3.1. Ziegler Natta
- 5.1.2.3.2. Reaction Initiator
- 5.1.2.3.3. Chromium
- 5.1.2.3.4. Urethane
- 5.1.2.3.5. Solid Phosphorous Acid catalyst
- 5.1.2.3.6. Others
- 5.1.2.4. Environmental
- 5.1.2.4.1. Light duty vehicles
- 5.1.2.4.2. Motorcycles
- 5.1.2.4.3. Heavy duty vehicles
- 5.1.2.4.4. Others
Chapter 6 Catalyst Market: Regional Estimates & Trend Analysis
- 6.1 Catalyst Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2 North America Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3 U.S.
- 6.2.3.1 Key Country Dynamics
- 6.2.3 2 U.S. Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3.3 U.S. Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4 Canada
- 6.2.4.1 Key Country Dynamics
- 6.2.4 2 Canada Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4.3 Canada. Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5 Mexico
- 6.2.5.1 Key Country Dynamics
- 6.2.5 2 Mexico Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5.3 Mexico. Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3 Europe
- 6.3.1 Europe Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2 Europe Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3 Germany
- 6.3.4.1 Key Country Dynamics
- 6.3.4.2 Germany Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4.3 Germany Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5 U.K.
- 6.3.5.1 Key Country Dynamics
- 6.3.5.2 U.K. Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5.3 U.K. Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6 France
- 6.3.6.1 Key Country Dynamics
- 6.3.6.2 France Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.3 France Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7 Spain
- 6.3.7.1 Key Country Dynamics
- 6.3.7.2 Spain Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7.3 UK Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.8 Russia
- 6.3.8.1 Key Country Dynamics
- 6.3.8.2 Russia Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.8.3 Russia Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.9 Netherlands
- 6.3.9.1 Key Country Dynamics
- 6.3.9.2 Netherlands Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.9.3 Netherlands Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.10 Italy
- 6.3.10.1 Key Country Dynamics
- 6.3.10.2 Italy Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.3 10.3 Italy Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2 Asia Pacific Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3 China
- 6.4.3.1 Key Country Dynamics
- 6.4.3.2 China Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3.3 China Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4 India
- 6.4.4.1 Key Country Dynamics
- 6.4.4.2 India Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4.3 India Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5 Japan
- 6.4.5.1 Key Country Dynamics
- 6.4.5.2 Japan Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5.3 Japan Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6 South Korea
- 6.4.6.1 Key Country Dynamics
- 6.4.6.2 South Korea Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6.3 South Korea Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5 Australia
- 6.4.5.1 Key Country Dynamics
- 6.4.5.2 Australia Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5.3 Australia Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6 Indonesia
- 6.4.6.1 Key Country Dynamics
- 6.4.6.2 Indoneisa Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6.3 Indonesia Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7 Malaysia
- 6.4.7.1 Key Country Dynamics
- 6.4.7.2 Malaysia Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7.3 Malaysia Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.5 Central & South America
- 6.5.1 Central & South America Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2 Central & South America Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3 Brazil
- 6.5.1.1 Key Country Dynamics
- 6.5.1.2 Brazil Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.1.3 Brazil Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2 Middle East & Africa Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4 Saudi Arabia
- 6.6.4.1 Key Country Dynamics
- 6.6.4.2 Saudi Arabia Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4.3 Saudi Arabia Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.5 South Africa
- 6.6.5.1 Key Country Dynamics
- 6.6.5.2 South Africa Catalyst Market Estimates and Forecasts, by Raw Material, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.5.3 South Africa Catalyst Market Estimates and Forecasts, by Product by Application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Catalyst Market - Competitive Landscape
- 7.1 Financial Performance
- 7.2 Raw Material Benchmarking
- 7.3 Company Categorization
- 7.4 Key Company Positioning Analysis, 2022
- 7.5 Company Heat Map Analysis
- 7.6 Key Strategy Mapping
- 7.7 Company Listing
- 7.7.1 Albemarle Corporation
- 7.7.2 Haldor Topsoe A/S
- 7.7.3 BASF SE
- 7.7.4 Evonik Industries AG
- 7.7.5 LyondellBasell Industries Holdings B.V.
- 7.7.6 Arkema
- 7.7.7 The Dow Chemical Company
- 7.7.8 Haldor Topsoe A/S
- 7.7.9 W. R. Grace & Co.-Conn.
- 7.7.10 Johnson Matthey
- 7.7.11 Axens
- 7.7.12 Honeywell UOP
- 7.7.13 Zeolyst International
- 7.7.14 Clariant
- 7.7.15 Umicore
- 7.7.16 Exxon Mobil Corporation
Chapter 8 Pipeline By Grand View Research