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Catalyst Market Size, Share & Trends Analysis Report by Raw Material (Chemical Compounds, Zeolites, Metals), by Product (Heterogeneous, Homogeneous), by Application, by Region, and Segment Forecasts, 2020 - 2027

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  • July 2020
  • Region: Global
  • Grand View Research
  • ID: 4753464

Catalyst Market Growth & Trends

The global catalyst market size is expected to reach USD 48.0 billion by 2027, expanding at a CAGR of 4.4%. Increasing the manufacturing of polymers is projected to play a vital role in the growth of the market. In addition, the presence of regulations supporting the manufacturing and use of catalysts is expected to augment market growth over the next eight years.

Catalysts are increasingly being used to reduce the processing time of crude oil refining along with improving refining equipment efficiency. Favorable environmental regulations regarding the non-harmful effects of catalysts in various industries have been driving the market over the past few years. The European Catalyst Manufacturers Association (ECMA) promotes the use of catalysts in various industries in order to cut down emissions and reduce pollution. Additionally, the introduction of biocatalysts is expected to open new avenues for the market over the forecast period.

Prominent growth in the market is likely to be witnessed in North America, Europe, and Japan on account of low sulfur mandates. However, emerging markets of Asia Pacific countries such as China and India are expected to project strongest growth for chemical synthesis and polymers and petrochemical catalysts. Petroleum refining catalysts remain a highly attractive segment, especially in oil and gas dominant countries such as the Kingdom of Saudi Arabia, Oman, and Kuwait.

Declining crude oil demand in addition to trade halts, supply chain disruptions, and industrial shutdowns caused by the impact of COVID-19 in some of the major economies such as the U.S, Iran, India, U.K, Germany, Italy, and China are likely to challenge market growth in 2020.

The market is highly influenced by dominated suppliers such as Albemarle Corporation and Royal Dutch Shell PLC. The major players dominate the market with a substantial presence throughout the value chain. This offers companies with benefits starting from the procurement of raw materials to the manufacturing of the final product, thus, sustaining the economies of scale to the finest level.

Strategic alliances such as M&As are expected to be more prominent in the near future. Positioning in high-growth regions/countries and extending reach via mergers, associations or acquisitions; investments for expansion, manufacturing, and logistics; building and operating globally optimized supply chain, and leveraging external partner competencies into business systems are some of the strategies that have remained a prominent focus amongst the manufacturers globally, as a consequence of which, the market has accelerated towards consolidation.

Catalyst Market Report Highlights

  • Chemical compounds was the largest raw material segment with a value of USD 13.8 billion in 2019 for being more economical and providing ease of applications
  • Chemical synthesis is likely to remain as the prominent application segment with a value share of 31.1% in 2019
  • Polymers and petrochemicals application likely to witness a revenue-based CAGR of 4.5% between 2020 and 2027 as a consequence of manufacturing process optimization via catalyst adoption
  • Heterogeneous was the largest product segment in 2019 with a value share of 72.9% supported by their benefits such as optimum results and easier separation from substrates
  • In 2019, Asia Pacific emerged as the largest regional market for catalysts in terms of value holding a share of 33.7%, supported by the manufacturing hubs in countries such as China.

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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. Analyst's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Catalysts Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Vendor Landscape
3.4. Technology Overview
3.5. Regulatory Framework
3.5.1. REACH
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.7. Business Environment Analysis:
3.7.1. Industry Analysis - Porter’s Supplier Power Buyer Power Substitution Threat Threat from New Entrant Competitive Rivalry
3.7.2. PESTEL Analysis
Chapter 4. Catalysts Market: Raw Material Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Product Movement Analysis & Market Share, 2019 & 2027
4.3. Market size & forecasts and trend analysis, 2016 to 2027 for the following:
4.3.1. Chemical compounds Peroxides Acids Amines and others
4.3.2. Metals Precious metals Base metals
4.3.3. Zeolites
4.3.4. Others
Chapter 5. Catalysts Market: Product by Application Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Product by Application Movement Analysis & Market Share, 2019 & 2027
5.3. Market size & forecasts and trend analysis, 2016 to 2027 for the following:
5.3.1. Heterogeneous Catalyst Chemical synthesis Chemical catalysts Adsorbents Syngas production Bed grading Others Petroleum refining FCC Alkylation Hydrotreating Catalytic Reforming Purification Others Polymers and petrochemicals Ziegler Natta Reaction Initiator Chromium Urethane Others Environmental Light duty vehicles Motorcycles Heavy duty vehicles Others
5.3.2. Homogeneous Catalyst Chemical synthesis Chemical catalysts Adsorbents Syngas production Others Petroleum refining FCC Alkylation Hydrotreating Catalytic Reforming Bed grading Purification Others Polymers and petrochemicals Ziegler Natta Reaction Initiator Chromium Urethane Solid Phosphorous Acid catalyst Others Environmental Light duty vehicles Motorcycles Heavy duty vehicles Others
Chapter 6. Catalysts Market: Regional Estimates & Trend Analysis
6.1. Regional Market Snapshot
6.2. Regional Market Share and Top 5 Players, 2019
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Central and South America
6.2.5. Middle East & Africa
Chapter 7. Competitive Analysis
7.1 Key global players & recent developments & their impact on the industry- Synergy Analysis
7.2 Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3 Vendor Landscape
7.4 Key Company Market Share, 2019
Chapter 8. Company Profile
8.1 Albemarle Corporation
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 Evonik Industries AG
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Lyondell Basell
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Arkema
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 The Dow Chemical Company
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 Haldor Topse
8.7.1 Company Overview
8.7.2 Product Benchmarking
8.7.3 Strategic Initiatives
8.7.4 Financial Performance
8.8 W.R. Grace
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 Johnson Matthey
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Axens
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
8.11 Honeywell UOP
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.11.4 Strategic Initiatives
8.12 Zeolyst International
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Product Benchmarking
8.12.4 Strategic Initiatives
8.13 Clariant
8.13.1 Company Overview
8.13.2 Financial Performance
8.13.3 Product Benchmarking
8.13.4 Strategic Initiatives
8.14 Umicore
8.14.1 Company Overview
8.14.2 Financial Performance
8.14.3 Product Benchmarking
8.14.4 Strategic Initiatives
8.15 Exxon Mobil Corporation
8.15.1 Company Overview
8.15.2 Financial Performance
8.15.3 Product Benchmarking
8.15.4 Strategic Initiatives

Companies Mentioned

  • Albemarle Corporation
  • Evonik Industries AG
  • Lyondell Basell
  • Arkema
  • The Dow Chemical Company
  • Haldor Topse
  • W.R. Grace
  • Johnson Matthey
  • Axens
  • Honeywell UOP
  • Zeolyst International
  • Clariant
  • Umicore
  • Exxon Mobil Corporation