The global industrial catalyst market size reached US$ 23.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 32.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2023-2032.
A catalyst refers to a substance that improves the rate of a chemical reaction without undergoing any physical or chemical change. It enhances chemical processes and minimizes waste, production time, energy consumption, and operational cost. It assists in enhancing the air quality by controlling emissions, mitigating volatile organic compounds (VOCs), formulating improved oil fractions, including natural gas, biodiesel, and propane, and synthesizing active compounds and intermediates. As a result, industrial catalysts are widely used in petroleum refining, petrochemical production, environment protection reactions, organic synthesis, polymer processing, and bulk chemical synthesis.
2. What is the expected growth rate of the global industrial catalyst market during 2024-2032?
3. What has been the impact of COVID-19 on the global industrial catalyst market?
4. What are the key factors driving the global industrial catalyst market?
5. What is the breakup of the global industrial catalyst market based on the type?
6. What is the breakup of the global industrial catalyst market based on the raw material?
7. What is the breakup of the global industrial catalyst market based on the application?
8. What are the key regions in the global industrial catalyst market?
9. Who are the key players/companies in the global industrial catalyst market?
A catalyst refers to a substance that improves the rate of a chemical reaction without undergoing any physical or chemical change. It enhances chemical processes and minimizes waste, production time, energy consumption, and operational cost. It assists in enhancing the air quality by controlling emissions, mitigating volatile organic compounds (VOCs), formulating improved oil fractions, including natural gas, biodiesel, and propane, and synthesizing active compounds and intermediates. As a result, industrial catalysts are widely used in petroleum refining, petrochemical production, environment protection reactions, organic synthesis, polymer processing, and bulk chemical synthesis.
Industrial Catalyst Industry Trends:
The growing expansion of the petroleum industry is resulting in the rising establishment of petrol refining capacities and the need for various chemical products and eco-friendly fuels. This, in turn, is positively influencing the market. In addition, the escalating demand for petroleum-based products from power generation plants is expanding the applications of industrial catalysts in petroleum refining and petrochemical plants for a convenient, quicker, safer, and more efficient production process. Apart from this, the rising use of catalytic converters in automobile manufacturing emission control systems is offering lucrative growth opportunities to industry investors. This can also be attributed to increasing environmental concerns and the implementation of stringent government regulations for controlling emission levels. Furthermore, the development of nano-catalysts that assist in enhancing catalytic procedures in the pharmaceutical and food and beverage (F&B) industries are creating a positive market outlook. Moreover, strategic collaborations amongst leading industry players to expand their global market reach, along with increasing investments in research and development (R&D) activities to enhance catalysts efficiency while minimizing operational costs, are impelling the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global industrial catalyst market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on type, raw material and application.Breakup by Type:
- Heterogeneous Catalysts
- Homogeneous Catalysts
- Biocatalysts
Breakup by Raw Material:
- Mixed
- Oxide
- Metallic
- Sulfide
- Organometallic
Breakup by Application:
- Petroleum Refinery
- Chemical Synthesis
- Petrochemicals
- Others
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Albemarle Corporation, Arkema S.A., BASF SE, Clariant AG, Evonik Industries AG, Exxon Mobil Chemical Co, Akzo Nobel N.V., Chevron Phillips Chemical Company, LLC, and The DOW Chemical Company.Key Questions Answered in This Report
1. What was the size of the global industrial catalyst market in 2023?2. What is the expected growth rate of the global industrial catalyst market during 2024-2032?
3. What has been the impact of COVID-19 on the global industrial catalyst market?
4. What are the key factors driving the global industrial catalyst market?
5. What is the breakup of the global industrial catalyst market based on the type?
6. What is the breakup of the global industrial catalyst market based on the raw material?
7. What is the breakup of the global industrial catalyst market based on the application?
8. What are the key regions in the global industrial catalyst market?
9. Who are the key players/companies in the global industrial catalyst market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Industrial Catalyst Market
6 Market Breakup by Type
7 Market Breakup by Raw Material
8 Market Breakup by Application
9 Market Breakup by Region
10 Imports and Exports
11 Industrial Catalyst Manufacturing Process
12 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Albemarle Corporation
- Arkema S.A.
- BASF Corporation
- Clariant AG
- Evonik Industries AG
- Exxon Mobil Chemical Corporation
- Akzo Nobel N.V.
- Chevron Phillips Chemical Company and The DOW Chemical Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 23.6 Billion |
| Forecasted Market Value ( USD | $ 32.9 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
