Global Catalyst Market size was valued at USD 37.1 billion in 2021 and is predicted to reach USD 55.7 billion by 2030 with a CAGR of 4.6% from 2022-2030. Catalysts are substances that are used in large quantities for accelerating chemical reactions without undergoing physical or chemical changes. These substances enhance the chemical processes while minimizing cost and energy usage. Also, it assists in the production of improved oil fractions for obtaining fuels such as biodiesel, ethanol, natural gas and propane. These substances are used in a wide range of applications such as petrochemical production, petroleum refining, polymer processing, environment protection reactions, and synthesis of bio-chemicals.
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Competitive Landscape
The global catalyst market is comprised of various market players such as Albemarle Corporation, BASF SE, Chevron Philips Chemical Company LLC, Clariant AG, Dodf Ketal Chemicals Pvt. Ltd, Dow Chemical Company, Evonik Industries AG, Exxonmobil Corporation, Johnson Matthew, and W.R. Grace and Co. These market players are adopting various joint venture strategies and planning expansion of their business across various regions to maintain their dominance in the catalyst market. For instance, in January 2022, BASF SE joined hands with Blue Chemicals. This joint venture was done to promote low-carbon development and utilization of marine gas resources. Also, in January 2022, Dow Chemical Company joined hands with New Hope Energy. This joint venture was done to provide pyrolysis oil feedstock derived from recycled plastics collected in North America.
Market Segmentations and Scope of the Study:
The catalyst market share is analysed based on raw material, product, application, and geography. Based on raw material, the market is segmented into zeolites, metals, and chemical compounds. The zeolite market is sub-divided into linde type a (LTA), faujasite (FAU), mobil five (MFI) and others. The metals are further sub-segmented into base metals and precious metals. Chemical compounds are further sub-classified into peroxide, acid, and amines, & others. Based on the product, the market is bifurcated into heterogeneous and homogeneous. According to the application, the catalyst market is classified into petroleum refining, chemical synthesis, petrochemicals & polymers, and environmental. The petroleum refining is further sub-segmented into FCC, alkylation, hydrotreating, hydrocracking, catalytic reforming, and others. Moreover, chemical synthesis is sub-classified into polyolefins, adsorbents, catalytic oxidation adsorbents, hydrogenation catalysts and chemical catalysts. Additionally, petrochemicals & polymers are sub-categorized into ziegler-natta, reaction initiator, urethane, chromium, and single-site. Furthermore, environmental segment is further classified into light duty vehicles, heavy duty vehicles, and motorcycles. The geographical segment of the advanced ceramics market covers North America, Europe, Asia Pacific, and Rest of the World.
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Geographical Analysis
Asia-Pacific region holds the lion share of catalyst market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as increasing usage of catalyst in automobile and petrochemical industries. Also, rise in use of catalyst in polymer industry is further expected to drive the catalyst market growth in this region.
However, North America is expected to show a steady rise in the catalyst market due to rise in use of catalyst in crude oil processing. Also, catalyst finds its application in the production of ultra-low sulphur diesel and gasoline that further drive the market growth in this region. Moreover, presence of several market players such as Honeywell Uop, Johnson Matthey, Albemarle Corporation, PQ Corporation, Evonik Industries Ag, Axens, Unicat Catalyst Technologies Inc, Clariant, Nippon Ketjen, Cb & I, Shell Global Solutions, Exxon Mobil Corp, Criterion Catalyst & Technology, Sinopec Catalyst Co., and W.R. Grace & Co contributes towards the market growth.
KEY MARKET SEGMENTS
- Global Catalyst Market – By Raw Material
- Zeolite
- Linde Type A (LTA)
- Faujasite (FAU)
- Mobil Five (MFI)
- Others
- Metals
- Base Metal
- Precious Metal
- Chemical Compounds
- Peroxide
- Acid
- Amines
- Others
- Enzymes
- Organometallic Materials
- Global Catalyst Market – By Product
- Heterogeneous
- Homogeneous
- Biocatalysts
- Global Catalyst market – By Application
- Petroleum Refining
- FCC
- Alkylation
- Hydrotreating
- Hydrocracking
- Catalytic Reforming
- Others
- Chemical Synthesis
- Polyolefins
- Catalytic Oxidation
- Hydrogenation Catalysts
- Others
- Petrochemicals & Polymers
- Ziegler-Natta
- Reaction Initiator
- Urethane
- Chromium
- Single-site
- Environmental
- Light Duty Vehicles
- Heavy Duty Vehicles
- Motorcycles
- Others
- Global Catalyst market – By Geography
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- North America
- U.S
- Canada
- Mexico
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- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
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- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- RoW
- UAE
- Saudi Arabia
- South Africa
- Brazil
- Asia-Pacific
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- Remaining Countries
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