Catalyst Market Overview
The size of the global catalyst market, estimated at USD 29.7 billion in 2022, is anticipated to rise at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030.
Catalysts modulate the rate of a chemical reaction by lowering or raising the activation energy of the process. Several catalysts available in the market include zeolites, enzymes, chemical compounds, and metals which are used in various industries such as automotive, industrial reactions, oil & gas, construction, and others. The rising demand for catalysts from various applications including chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental is escalating the demand for process optimization, yield improvement, cost-saving, and energy-saving amongst the manufacturers worldwide. This prime fact propelled the growth of the global Catalyst Market.
Furthermore, environmental catalysts assist manufacturers to meet all the stringent mandates associated with NOx, Sox, and carbon dioxide emissions. Shifting energy trends towards alternative fuels including biodiesel and shale gas fuel have boosted the demand for catalysts. Additionally, manufacturers looking to add value to their feedstock or refining by producing value-added petrochemicals and chemicals such as methanol and polyolefins, have stimulated the demand for the product from petrochemicals and chemicals applications. All these aforementioned factors are significantly contributing to the growth of the global Catalyst Market.
However, restricted development and distribution of new catalysts hamper the growth of the global Catalyst Market. Furthermore, the development of biochemicals through catalysis creates new opportunities for future growth of the market.
Covid-19 Impact on Catalyst Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
Catalyst Market Segment Overview
Based on the Raw Material, the Chemical Compounds segment was the most prominent segment in 2019. Chemical compounds such as sulfuric acid, hydrofluoric acid, and calcium carbonate are used as catalyst raw materials for several applications in chemical, petrochemical, and polymer industries. Furthermore, the Metals segment also shows remarkable growth in the market. Metals used for dehydrogenation and hydrogenation are noble metals such as platinum, palladium, ruthenium, rhodium, gold, and copper, as well as non-noble metals like tungsten and molybdenum, and others such as nickel and cobalt are also used as main catalyst raw materials. Additionally, these metals quicken the process of breaking and re-arranging the aromatics and olefins to produce fractions such as alkanes and naphthenes.
Catalyst Market, By Raw Material
The Catalyst Market in the Asia Pacific is expected to account for the largest market share in the forecast period. This is mainly because of the dominance of the automobile, petrochemicals, polymer, and chemical industries in China. In addition, the market growth in the Asia Pacific is further increased by the growing FDI investments and profitable growth opportunities anticipated by developing countries such as India and Vietnam. As well, North America is the second-largest region for the Catalyst market. This is due to the emerging low sulfur and automotive mandates that necessitate the application of environmental catalysts in the region. The increasing consumption of gasoline in the U.S. is estimated to fuel the demand for catalysts. Further, the growth of oil and gas and chemical sectors in Mexico is a vital factor contributing to the market’s growth in North America.
Catalyst Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Catalyst Market, Key Players
· Albemarle Corporation
· BASF SE
· Evonik Industries AG
· LyondellBasell Industries Holdings B.V.
· Arkema
· W. R. Grace & Co.-Conn.
· W. R. Grace & Co.-Conn.
· Johnson Matthey Plc
· Axens SA
· Clariant International Ltd.
· Exxon Mobil Corporation
· Umicore
The size of the global catalyst market, estimated at USD 29.7 billion in 2022, is anticipated to rise at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030.
Catalysts modulate the rate of a chemical reaction by lowering or raising the activation energy of the process. Several catalysts available in the market include zeolites, enzymes, chemical compounds, and metals which are used in various industries such as automotive, industrial reactions, oil & gas, construction, and others. The rising demand for catalysts from various applications including chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental is escalating the demand for process optimization, yield improvement, cost-saving, and energy-saving amongst the manufacturers worldwide. This prime fact propelled the growth of the global Catalyst Market.
Furthermore, environmental catalysts assist manufacturers to meet all the stringent mandates associated with NOx, Sox, and carbon dioxide emissions. Shifting energy trends towards alternative fuels including biodiesel and shale gas fuel have boosted the demand for catalysts. Additionally, manufacturers looking to add value to their feedstock or refining by producing value-added petrochemicals and chemicals such as methanol and polyolefins, have stimulated the demand for the product from petrochemicals and chemicals applications. All these aforementioned factors are significantly contributing to the growth of the global Catalyst Market.
However, restricted development and distribution of new catalysts hamper the growth of the global Catalyst Market. Furthermore, the development of biochemicals through catalysis creates new opportunities for future growth of the market.
Covid-19 Impact on Catalyst Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
Catalyst Market Segment Overview
Based on the Raw Material, the Chemical Compounds segment was the most prominent segment in 2019. Chemical compounds such as sulfuric acid, hydrofluoric acid, and calcium carbonate are used as catalyst raw materials for several applications in chemical, petrochemical, and polymer industries. Furthermore, the Metals segment also shows remarkable growth in the market. Metals used for dehydrogenation and hydrogenation are noble metals such as platinum, palladium, ruthenium, rhodium, gold, and copper, as well as non-noble metals like tungsten and molybdenum, and others such as nickel and cobalt are also used as main catalyst raw materials. Additionally, these metals quicken the process of breaking and re-arranging the aromatics and olefins to produce fractions such as alkanes and naphthenes.
Catalyst Market, By Raw Material
- Chemical compounds
- Peroxides
- Acids
- Amines & others
- Metals
- Precious metals
- Base metals
- Zeolites
- Others
- Petroleum Refining
- Fluid Catalytic Cracking (FCC)
- Alkylation Catalysts
- Hydroprocessing Catalysts
- Catalytic Reforming
- Others
- Chemical Synthesis
- Polyolefins
- Catalytic Oxidation
- Hydrogenation Catalysts
- Others
- Polymer Catalysis
- Ziegler–Natta
- Reaction Initiator
- Single-site
- Others
- Environmental
- Light-duty Vehicles
- Heavy-duty Vehicles
- Others
The Catalyst Market in the Asia Pacific is expected to account for the largest market share in the forecast period. This is mainly because of the dominance of the automobile, petrochemicals, polymer, and chemical industries in China. In addition, the market growth in the Asia Pacific is further increased by the growing FDI investments and profitable growth opportunities anticipated by developing countries such as India and Vietnam. As well, North America is the second-largest region for the Catalyst market. This is due to the emerging low sulfur and automotive mandates that necessitate the application of environmental catalysts in the region. The increasing consumption of gasoline in the U.S. is estimated to fuel the demand for catalysts. Further, the growth of oil and gas and chemical sectors in Mexico is a vital factor contributing to the market’s growth in North America.
Catalyst Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Catalyst Market, Key Players
· Albemarle Corporation
· BASF SE
· Evonik Industries AG
· LyondellBasell Industries Holdings B.V.
· Arkema
· W. R. Grace & Co.-Conn.
· W. R. Grace & Co.-Conn.
· Johnson Matthey Plc
· Axens SA
· Clariant International Ltd.
· Exxon Mobil Corporation
· Umicore
Catalyst Market Study Global Market Analysis, Insights and Forecast, 2023-2030
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Catalyst Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Raw Material
- 5.2.1. Chemical compounds
- 5.2.1.1. Peroxides
- 5.2.1.2. Acids
- 5.2.1.3. Amines & others
- 5.2.2. Metals
- 5.2.2.1. Precious metals
- 5.2.2.2. Base metals
- 5.2.3. Zeolites
- 5.2.4. Others
- 5.2.1. Chemical compounds
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Petroleum Refining
- 5.3.1.1. Fluid Catalytic Cracking (FCC)
- 5.3.1.2. Alkylation Catalysts
- 5.3.1.3. Hydroprocessing Catalysts
- 5.3.1.4. Catalytic Reforming
- 5.3.1.5. Others
- 5.3.2. Chemical Synthesis
- 5.3.2.1. Polyolefins
- 5.3.2.2. Catalytic Oxidation
- 5.3.2.3. Hydrogenation Catalysts
- 5.3.2.4. Others
- 5.3.3. Polymer Catalysis
- 5.3.3.1. Ziegler–Natta
- 5.3.3.2. Reaction Initiator
- 5.3.3.3. Single-site
- 5.3.3.4. Others
- 5.3.4. Environmental
- 5.3.4.1. Light-duty Vehicles
- 5.3.4.2. Heavy-duty Vehicles
- 5.3.5. Others
- 5.3.1. Petroleum Refining
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Catalyst Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Raw Material
- 6.2.1. Chemical compounds
- 6.2.1.1. Peroxides
- 6.2.1.2. Acids
- 6.2.1.3. Amines & others
- 6.2.2. Metals
- 6.2.2.1. Precious metals
- 6.2.2.2. Base metals
- 6.2.3. Zeolites
- 6.2.4. Others
- 6.2.1. Chemical compounds
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Petroleum Refining
- 6.3.1.1. Fluid Catalytic Cracking (FCC)
- 6.3.1.2. Alkylation Catalysts
- 6.3.1.3. Hydroprocessing Catalysts
- 6.3.1.4. Catalytic Reforming
- 6.3.1.5. Others
- 6.3.2. Chemical Synthesis
- 6.3.2.1. Polyolefins
- 6.3.2.2. Catalytic Oxidation
- 6.3.2.3. Hydrogenation Catalysts
- 6.3.2.4. Others
- 6.3.3. Polymer Catalysis
- 6.3.3.1. Ziegler–Natta
- 6.3.3.2. Reaction Initiator
- 6.3.3.3. Single-site
- 6.3.3.4. Others
- 6.3.4. Environmental
- 6.3.4.1. Light-duty Vehicles
- 6.3.4.2. Heavy-duty Vehicles
- 6.3.5. Others
- 6.3.1. Petroleum Refining
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Catalyst Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Raw Material
- 7.2.1. Chemical compounds
- 7.2.1.1. Peroxides
- 7.2.1.2. Acids
- 7.2.1.3. Amines & others
- 7.2.2. Metals
- 7.2.2.1. Precious metals
- 7.2.2.2. Base metals
- 7.2.3. Zeolites
- 7.2.4. Others
- 7.2.1. Chemical compounds
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Petroleum Refining
- 7.3.1.1. Fluid Catalytic Cracking (FCC)
- 7.3.1.2. Alkylation Catalysts
- 7.3.1.3. Hydroprocessing Catalysts
- 7.3.1.4. Catalytic Reforming
- 7.3.1.5. Others
- 7.3.2. Chemical Synthesis
- 7.3.2.1. Polyolefins
- 7.3.2.2. Catalytic Oxidation
- 7.3.2.3. Hydrogenation Catalysts
- 7.3.2.4. Others
- 7.3.3. Polymer Catalysis
- 7.3.3.1. Ziegler–Natta
- 7.3.3.2. Reaction Initiator
- 7.3.3.3. Single-site
- 7.3.3.4. Others
- 7.3.4. Environmental
- 7.3.4.1. Light-duty Vehicles
- 7.3.4.2. Heavy-duty Vehicles
- 7.3.5. Others
- 7.3.1. Petroleum Refining
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Catalyst Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Raw Material
- 8.2.1. Chemical compounds
- 8.2.1.1. Peroxides
- 8.2.1.2. Acids
- 8.2.1.3. Amines & others
- 8.2.2. Metals
- 8.2.2.1. Precious metals
- 8.2.2.2. Base metals
- 8.2.3. Zeolites
- 8.2.4. Others
- 8.2.1. Chemical compounds
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Petroleum Refining
- 8.3.1.1. Fluid Catalytic Cracking (FCC)
- 8.3.1.2. Alkylation Catalysts
- 8.3.1.3. Hydroprocessing Catalysts
- 8.3.1.4. Catalytic Reforming
- 8.3.1.5. Others
- 8.3.2. Chemical Synthesis
- 8.3.2.1. Polyolefins
- 8.3.2.2. Catalytic Oxidation
- 8.3.2.3. Hydrogenation Catalysts
- 8.3.2.4. Others
- 8.3.3. Polymer Catalysis
- 8.3.3.1. Ziegler–Natta
- 8.3.3.2. Reaction Initiator
- 8.3.3.3. Single-site
- 8.3.3.4. Others
- 8.3.4. Environmental
- 8.3.4.1. Light-duty Vehicles
- 8.3.4.2. Heavy-duty Vehicles
- 8.3.5. Others
- 8.3.1. Petroleum Refining
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Catalyst Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Raw Material
- 9.2.1. Chemical compounds
- 9.2.1.1. Peroxides
- 9.2.1.2. Acids
- 9.2.1.3. Amines & others
- 9.2.2. Metals
- 9.2.2.1. Precious metals
- 9.2.2.2. Base metals
- 9.2.3. Zeolites
- 9.2.4. Others
- 9.2.1. Chemical compounds
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Petroleum Refining
- 9.3.1.1. Fluid Catalytic Cracking (FCC)
- 9.3.1.2. Alkylation Catalysts
- 9.3.1.3. Hydroprocessing Catalysts
- 9.3.1.4. Catalytic Reforming
- 9.3.1.5. Others
- 9.3.2. Chemical Synthesis
- 9.3.2.1. Polyolefins
- 9.3.2.2. Catalytic Oxidation
- 9.3.2.3. Hydrogenation Catalysts
- 9.3.2.4. Others
- 9.3.3. Polymer Catalysis
- 9.3.3.1. Ziegler–Natta
- 9.3.3.2. Reaction Initiator
- 9.3.3.3. Single-site
- 9.3.3.4. Others
- 9.3.4. Environmental
- 9.3.4.1. Light-duty Vehicles
- 9.3.4.2. Heavy-duty Vehicles
- 9.3.5. Others
- 9.3.1. Petroleum Refining
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Albemarle Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. BASF SE
- 10.6. Evonik Industries AG
- 10.7. LyondellBasell Industries Holdings B.V.
- 10.8. Arkema
- 10.9. W. R. Grace & Co.-Conn.
- 10.10. W. R. Grace & Co.-Conn.
- 10.11. Johnson Matthey Plc
- 10.12. Axens SA
- 10.13. Clariant International Ltd.
- 10.14. Exxon Mobil Corporation
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
