IMARC Group, a leading market research company, has recently releases report “Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global catalyst market report, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global catalyst market size reached US$ 38.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.51% during 2023-2028.
What is Catalyst?
Catalyst Market Trends and Drivers:
The global catalyst market is primarily driven by the escalating demand for cleaner and more sustainable processes across end use sectors. Moreover, catalysts enable companies to adopt greener technologies by facilitating the production of eco-friendly products and reducing the environmental impact of chemical processes. Since regulatory bodies worldwide are imposing stricter emissions standards and sustainability targets, businesses are investing in catalyst technologies that promote cleaner production methods, thereby propelling the market growth. Additionally, there is a surge in the use of catalysts in the production of biofuels, which are gaining traction as an alternative to fossil fuels. In line with this, the rapid growth in the renewable energy sector, owing to the rising concerns over climate change and the need for energy diversification, has catalyzed market growth. Besides this, the growing emphasis on catalyst customization and advanced catalyst development is augmenting the market growth. Furthermore, manufacturers are investing in research and development (R&D) to create tailor-made catalysts that cater to specific process requirements and offer improved selectivity and efficiency. Along with this, rapid industrialization and heavy investments in sectors such as chemicals, refining, and automotive, especially in developing economies, have fueled the demand for catalysts to optimize production processes and meet rising consumer needs. Other factors, including the surging product adoption in biofuel production, escalating demand for catalysts from the pharmaceutical and chemical sectors, shifting focus toward sustainability, and product innovations, are also anticipated to drive the market toward growth.
Catalyst Market Report Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Albemarle Corporation
- Arkema S.A.
- Axens SA
- BASF SE
- Chevron Phillips Chemical Company LLC
- Clariant AG, Dow Inc.
- Evonik Industries AG, Exxon Mobil Corporation
- Honeywell International Inc.
- Johnson Matthey
- Shell plc
- W. R. Grace and Co. (Standard Industries Inc.)
- Zeolyst International Inc.
The report has been segmented the market into following categories:
Breakup by Type:
- Heterogeneous Catalyst
- Homogeneous Catalyst
Breakup by Process:
- Recycling
- Regeneration
- Rejuvenation
Breakup by Raw Material:
- Chemical Compounds
- Peroxides
- Acids
- Amines
- Others
- Metals
- Precious Metals
- Base Metals
- Zeolites
- Others
Breakup by Application:
- Chemical Synthesis
- Chemical Catalysts
- Adsorbents
- Syngas Production
- Others
- Petroleum Refining
- Fluid Catalytic Cracking (FCC)
- Alkylation
- Hydrotreating
- Catalytic Reforming
- Purification
- Bed Grading
- Others
- Polymers and Petrochemicals
- Ziegler Natta
- Reaction Initiator
- Chromium
- Urethane
- Solid Phosphorous Acid Catalyst
- Others
- Environmental
- Light-duty Vehicles
- Motorcycles
- Heavy-duty Vehicles
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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