Industrial Catalyst Market Report by Type (Heterogeneous Catalysts, Homogeneous Catalysts, Biocatalysts), Raw Material (Mixed, Oxide, Metallic, Sulfide, Organometallic), Application (Petroleum Refinery, Chemical Synthesis, Petrochemicals, and Others), and Region 2024-2032

Industrial Catalyst Market Report by Type (Heterogeneous Catalysts, Homogeneous Catalysts, Biocatalysts), Raw Material (Mixed, Oxide, Metallic, Sulfide, Organometallic), Application (Petroleum Refinery, Chemical Synthesis, Petrochemicals, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A824
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Market Overview:

The global industrial catalyst market size reached US$ 23.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 23.6 Billion
Market Forecast in 2032
US$ 32.9 Billion
Market Growth Rate 2024-2032 3.6%


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 Market

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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:

IMARC Group 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. Our report has categorized the market based on type, raw material and application.

Breakup by Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Heterogeneous Catalysts
  • Homogeneous Catalysts
  • Biocatalysts
     

Heterogeneous catalysts exhibit a clear dominance in the market due to their robustness and lower operational cost.

Breakup by Raw Material:

  • Mixed
  • Oxide
  • Metallic
  • Sulfide
  • Organometallic
     

Mixed catalysts account for the majority of the global industrial catalyst market share as they are extensively used in the production of selective oxidation catalysts, hydrogen, and electrocatalysis for solid oxide fuel cells.

Breakup by Application:

  • Petroleum Refinery
  • Chemical Synthesis
  • Petrochemicals
  • Others
     

Petroleum refineries presently hold the largest market share due to the increasing demand for petroleum products across the globe.

Regional Insights:

Industrial Catalyst Market

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  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
     

The Asia Pacific currently enjoys the leading position in the market due to the significant rise in petroleum refining and the increasing use of catalysts in various industries.

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Raw Material, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global industrial catalyst market was valued at US$ 23.6 Billion in 2023.

We expect the global industrial catalyst market to exhibit a CAGR of 3.6% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of various end-use industries for industrial catalysts.

The rising application of industrial catalysts in petroleum refining and petrochemical plants for a convenient, quicker, safer, and more efficient production process, is primarily driving the global industrial catalyst market.

Based on the type, the global industrial catalyst market can be categorized into heterogeneous catalysts, homogeneous catalysts, and biocatalysts. Currently, heterogeneous catalysts account for the majority of the global market share.

Based on the raw material, the global industrial catalyst market has been segregated into mixed, oxide, metallic, sulfide, and organometallic. Among these, mixed catalysts currently hold the largest market share.

Based on the application, the global industrial catalyst market can be bifurcated into petroleum refinery, chemical synthesis, petrochemicals, and others. Currently, petroleum refinery exhibits a clear dominance in the market.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global industrial catalyst market include 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.

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Industrial Catalyst Market Report by Type (Heterogeneous Catalysts, Homogeneous Catalysts, Biocatalysts), Raw Material (Mixed, Oxide, Metallic, Sulfide, Organometallic), Application (Petroleum Refinery, Chemical Synthesis, Petrochemicals, and Others), and Region 2024-2032
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