The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Catalyst Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Catalyst Industry (2025-2030):
According to the latest report, The Global Catalyst Market size was valued at around USD 27.18 billion in 2024 and is projected to reach USD 33.19 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.08% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Catalyst industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-30
- CAGR – 4.08% by 2030
- Market Value in 2024: USD 27.18 billion
- Market Value By 2030: USD 33.19 Billion
What are the major Driver the global Catalyst industry?
Strong Demand for Clean & Sustainable Industrial Processes: The implementation of stringent environmental regulations & emission standards worldwide has compelled industries to switch to cleaner & greener production processes in order to reduce harmful emissions. Since catalysts play a vital role in emission reduction, waste treatment, & pollution control, it makes them crucial components in abiding by these regulations. In addition, the mounting focus on renewable energy sources like biofuels, hydrogen, & other sustainable alternatives has created a demand for catalysts used in renewable energy production processes, fuel cells, biomass conversion, etc. Moreover, the mounting demand for cleaner fuels for sustainable transportation owing to rapidly rising environmental concerns is another prominent aspect amplifying the demand for catalysts and, in turn, driving the Catalyst Market.
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Catalyst Market Segmentation
The Catalyst Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Zeolites- Market Size & Forecast 2020-2030, USD Million
- Metals- Market Size & Forecast 2020-2030, USD Million
- Chemical Compounds- Market Size & Forecast 2020-2030, USD Million
- Enzymes- Market Size & Forecast 2020-2030, USD Million
- Organometallic Materials- Market Size & Forecast 2020-2030, USD Million
- By Process
- Recycling- Market Size & Forecast 2020-2030, USD Million
- Regeneration- Market Size & Forecast 2020-2030, USD Million
- Rejuvenation- Market Size & Forecast 2020-2030, USD Million
- By Application
- Petroleum Refining- Market Size & Forecast 2020-2030, USD Million
- Chemical Synthesis- Market Size & Forecast 2020-2030, USD Million
- Polymer Catalysis- Market Size & Forecast 2020-2030, USD Million
- Environmental- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Catalyst Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Catalyst Market
Albemarle Corporation, Haldor Topsoe A/S, BASF SE, Evonik Industries AG, LyondellBasell Industries Holdings B.V., Arkema, The Dow Chemical Company, Clariant AG, W. R. Grace & Co.-Conn., Johnson Matthey, Axens, Honeywell UOP, Zeolyst International, Exxon Mobil Corporation, Umicore
Global Catalyst Market Recent Development
On 28 July 2023, BASF announced the completion of the carve-out of its mobile emissions catalysts and precious metal services businesses and named the separate legal entity BASF Environmental Catalyst and Metal Solutions (ECMS). The company’s intention to carve out the entity was first announced in December 2021, with an expected completion timeframe of 18 months.
On 16 June 2023, Evonik began the construction of a new production plant for alkoxides in Southeast Asia in response to the growing demand for alkoxide catalysts, which are primarily used in biodiesel production and in synthesis applications in the pharmaceutical & agricultural industries. In the future, alkoxide catalysts will also play a bigger role in the circular economy through their use in the chemical recycling of PET plastics.
On 7 June 2023, ExxonMobil Catalysts and Licensing LLC and Axens signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high-purity isobutylene in its portfolio. Used in the production of high-reactivity polyisobutylene & butyl rubber, this technology enables Axens’ customers to better address the growing demand for petrochemical intermediates over the next decade. Under the agreement, Axens is granted a worldwide right to market, license, and provide engineering work & technical support for the design, construction, & start-up of new MTBE Decomposition units.
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