Inorganic Catalyst Global Market Report 2024

The inorganic catalyst market size has grown steadily in recent years. It will grow from $25.77 billion in 2023 to $26.99 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth observed in the historical period can be attributed to a shift in chemical manufacturing practices, a focus on catalytic efficiency, the implementation of industrial automation, the expansion of the global market, and investments in research and development.

The inorganic catalyst market size is expected to see steady growth in the next few years. It will grow to $32.45 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth in the forecast period can be attributed to industrial growth and expansion, increased demand in the energy sector, a rising need for specialty chemicals, and a heightened focus on sustainable practices. Major trends expected in the forecast period include industry digitization and automation, the impact of increased environmental regulations, a shift towards sustainable chemistry, a growing demand in the petrochemical industry, and advancements in nanotechnology.

The inorganic catalysts market is experiencing growth, propelled by the increasing demand for petroleum and petrochemical products. Petrochemicals, derived from crude oil and petroleum, are integral to various industries. Inorganic catalysts, including zeolites, play a significant role in petrochemical manufacturing, enhancing efficiency and yield. Projections indicate a rising oil demand, expected to reach 104.1 million barrels per day by 2026, with petrochemicals contributing significantly to this growth. Consequently, the surge in demand for petroleum and petrochemicals is a driving force behind the inorganic catalysts market.

The inorganic catalysts market is further driven by the expanding automotive industry. In this sector, inorganic catalysts are essential for promoting cleaner and more efficient vehicle operation. They contribute to improved performance and reduced emissions, aligning with the industry's emphasis on sustainability. The Global Electric Vehicle Outlook report indicates robust growth in electric vehicle sales, reaching over 10 million units in 2022, with a projected 35% increase to 14 million units in the coming year. Therefore, the burgeoning automotive industry is a significant driver for the inorganic catalysts market.

A notable trend in the inorganic catalysts market is technological advancements, with companies introducing innovative solutions such as tri-metal catalyst technology. Grace & Co's PARAGON FCC catalyst technology, incorporating a rare-earth-based Vanadium (V) trap, expands the operating window for Fluid Catalytic Cracking (FCC) units, providing increased flexibility and profitability for refiners.

Companies operating in the inorganic catalysts market are also focusing on catalyst shaping technology, a process that enhances catalyst performance and efficiency by creating specified forms and structures. BASF's X3D technology, based on 3D printing an open structure, lowers pressure drop across the reactor, resulting in high surface area and improved catalytic performance for a range of materials.

In April 2022, SABIC's acquisition of Clariant, for an undisclosed amount, provides SABIC complete ownership of Scientific Design, a leading licensor of high-performance process technologies and catalyst producer, further consolidating their position in the inorganic catalysts market. Clariant, based in Switzerland, is a chemical company with a notable presence in the market.

Major companies operating in the inorganic catalyst market report are 3M Company, Ahlstrom-Munksjö Oyj, Lydall Performance Materials India LLP, Nordic Air Filtration A/S, Sandler AG, Sefar AG, Freudenberg Filtration Technologies India Private Limited, Eaton Corporation Public Limited Company., Donaldson Company Inc., Alfa Laval India Private Limited, Lenntech B.V, W.L. Gore & Associates Inc., Hengst SE & Co. KG., BASF SE, Johnson Matthey plc, W.R. Grace & Co., Clariant AG, Albemarle Corporation, Evonik Industries AG, Solvay S.A., Cataler Corporation, Umicore N.V., Süd-Chemie India Private Limited., Axens S.A., Haldor Topsoe A/S, JGC C&C Co. Ltd., Zeolyst International Inc., Ceramisphere Pty Ltd., Applied Catalysts LLC, CRI Catalyst Company LP, KNT Group, INTERCAT Inc., Silbond Corporation, SACHEM Europe B.V., Ecopro Co. Ltd., Oakwood Chemical Inc., Stanford Advanced Materials, Innova Corporate.

Asia-Pacific was the largest region in the inorganic catalyst market share in 2023. The regions covered in the inorganic catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the inorganic catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of inorganic catalysts include zeolites, metals, chemical compounds, and other varieties. Zeolite is a pure inorganic material manufactured through hydrothermal synthesis. It finds applications in various industries such as petroleum refining, chemical synthesis, polymers and petrochemicals, and environmental purposes.

The inorganic catalyst market research report is one of a series of new reports that provides inorganic catalyst market statistics, including inorganic catalyst industry global market size, regional shares, competitors with an inorganic catalyst market share, detailed inorganic catalyst market segments, market trends, and opportunities, and any further data you may need to thrive in the inorganic catalyst industry. This inorganic catalyst market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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