Catalyst Industry | Forecast 2030

Grand View Research’s catalyst sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

The economic value generated by the catalyst industry was estimated at approximately USD 29.72 billion in 2022. This economic output is an amalgamation of basic catalyst categories namely, heterogenous and homogenous.

Access the Global Catalyst Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

The global catalyst market has witnessed remarkable growth in the recent past. This growth can be attributed to the rising demand for catalysts from manufacturers across the world. These manufacturers seek catalysts to optimize their processes, improve yields, save costs, and conserve energy. The demand stems from various applications such as chemical synthesis, petroleum refining, polymers & petrochemicals, and environmental purposes. A catalyst is a substance that accelerates chemical reactions by providing an alternative pathway with lower energy requirements. By doing so, it enables reactions to occur at faster rates and under milder conditions. Catalysts can exist in different forms, either as heterogeneous substances (solid/gas or solid/liquid) or as homogeneous substances (in the same phase as the reactants). Regardless of their form, catalysts are designed to interact with reactant molecules, ultimately leading to the desired products.

Heterogeneous Catalyst Market Report Highlights

• The polymer segment emerged as the fastest growing end-use segment with a CAGR of 5.0% from 2023 to 2030; as polymers enable and control and efficient synthesis of various polymers with desired properties

• The zeolite-based segment emerged as the fastest growing product segment with market share of 21.0% from 2023 to 2030; zeolite-based catalysts find extensive applications in the petroleum and petrochemical industries, providing high selectivity and stability in processes like catalytic cracking, isomerization, and alkylation

• Asia Pacific emerged as the fastest growing region with a CAGR of 5.3% from 2023 to 2030 due to high population, land fertility, increased demand for food grains, and effective use of land through fertilizer

• R. Grace & Co.-Conn., announced the completion of its acquisition of Rive Technology, Inc., a prominent manufacturer of FCC catalysts. This strategic acquisition encompassed a complete array of service offerings, highly skilled workforce, and cutting-edge technological assets, all of which were seamlessly integrated into the operational framework of W.R. Grace & Co.-Conn

• Market participants are dedicated to intensively optimizing and managing the efficiency of their supply chains. Their objective is to enhance operational efficiency, increase productivity, reduce lead time, and effectively address sourcing needs. This strategy enables them to remain competitive in the market and effectively contend with other industry players

Order your copy of Free Sample of “Catalyst Industry Data Book – Heterogeneous Catalyst and Homogeneous Catalyst Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Homogeneous Catalyst Market Report Highlights

• The polymer segment emerged as the growing application segment with a CAGR of 5.0% from 2023 to 2030. This is attributed to the fact the homogeneous catalysts such as Ziegler-Natta helps impart specific tactility to polymers which is difficult to attain from any other process.

• The chemical compound segment emerged as the fastest growing product segment with market share of 31.0% from 2023 to 2030. Chemical compounds, such as Wilkinson’s catalyst ([RhCl(PPh3)3]), are extensively used as homogeneous catalysts, particularly in the hydrogenation of alkenes. They consist of a central metal atom coordinated with various ligands, such as phosphines, amines, or halides, which determine their catalytic activity.

• Asia Pacific emerged as the fastest growing region with a CAGR of 5.8% from 2023 to 2030. This technological advancements which have led to the use of catalysts for the synthesis of fine chemicals such as carotenoids, vitamins, and flavoring & fragrance compounds, which is expected to fuel the utilization of the product in the region.

• In August 2022, Albemarle Corporation, which is a major player in the specialty chemicals industry worldwide, has declared that it will retain its catalysts business as a wholly-owned subsidiary as part of its strategic plan. The objective of this move is to enable the business to respond more efficiently to specific customer requirements and the changing dynamics of the global market.

Company Profiles

• Albemarle Corporation
• Haldor Topsoe A/S
• BASF SE
• Evonik Industries AG
• LyondellBasell Industries Holdings B.V.
• Arkema
• The Dow Chemical Company
• Haldor Topsoe A/S
• R. Grace & Co.-Conn.
• Johnson Matthey
• Axens
• Honeywell UOP
• Zeolyst International
• Clariant
• Umicore
• Exxon Mobil Corporation

Competitive Insights

Companies are actively pursuing mergers and partnerships as a means to solidify their market position. A prime example of this is W. R. Grace & Co.-Conn., which recently completed its acquisition of Rive Technology, Inc., a manufacturer of FCC catalysts. As part of the acquisition, W. R. Grace & Co.-Conn. integrated all of Rive Technology’s service offerings, employees, and technological assets into its own business model. This integration of technology has enabled the company to offer a more customer-centric product range, catering to the increasing catalyst demands of the petrochemical and refining sectors.

Moreover, innovation, product differentiation, and a strong focus on customer needs are key factors that drive success in the catalyst industry, ensuring that companies can meet the ever-evolving demands of the chemical industry while contributing to a sustainable future. Some of the prominent players include Albemarle Corporation, Haldor Topsoe A/S, BASF SE, Evonik Industries AG, LyondellBasell Industries Holdings B.V., Arkema, The Dow Chemical Company, Haldor Topsoe A/S, W. R. Grace & Co.-Conn., Johnson Matthey, Axens, Honeywell UOP, Zeolyst International, Clariant, Umicore, and Exxon Mobil Corporation.

Catalyst Industry | Forecast 2030

Catalyst Industry Data Book – Heterogeneous Catalyst and Homogeneous Catalyst Market

The economic value generated by the catalyst industry was estimated at approximately USD 29.72 billion in 2022. This economic output is an amalgamation of basic catalyst categories namely, heterogenous and homogenous.

The global catalyst market has witnessed remarkable growth in the recent past. This growth can be attributed to the rising demand for catalysts from manufacturers across the world. These manufacturers seek catalysts to optimize their processes, improve yields, save costs, and conserve energy. The demand stems from various applications such as chemical synthesis, petroleum refining, polymers & petrochemicals, and environmental purposes. A catalyst is a substance that accelerates chemical reactions by providing an alternative pathway with lower energy requirements. By doing so, it enables reactions to occur at faster rates and under milder conditions. Catalysts can exist in different forms, either as heterogeneous substances (solid/gas or solid/liquid) or as homogeneous substances (in the same phase as the reactants). Regardless of their form, catalysts are designed to interact with reactant molecules, ultimately leading to the desired products.

Access the Global Catalyst Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Catalyst Industry Data Book Coverage Snapshot

Markets Covered

• Catalyst Industry 7,967 kilotons in 2022 4.3% CAGR (2023- 2030)
• Heterogeneous Catalyst Market 5,875.3 kilotons in 2022 4.2% CAGR (2023- 2030)
• Homogeneous Catalyst Market USD 2,091.7 kilotons in 2022 4.6% CAGR (2023- 2030)

Heterogeneous Catalyst Market Growth & Trends

The global heterogeneous catalyst market size is expected to reach USD 30.2 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.5% from 2023 to 2030. This is attributable to the expansion of chemical and petrochemical industries in emerging economies creating opportunities for the market. Rapid industrialization and growing consumer markets, particularly in countries like China and India, are driving the demand for catalysts to support their expanding manufacturing sectors.

The expansion of chemical and petrochemical industries in these emerging economies is driven by multiple factors. The rising population, urbanization, and increasing middle-class population contribute to the growing demand for consumer goods, automobiles, and infrastructure development. This, in turn, leads to the establishment of new chemical and petrochemical plants, which utilize catalysts for various processes such as synthesis, hydrogenation, oxidation, and more.

Furthermore, government policies and regulations that promote the use of catalysts or impose stricter emission standards can serve as restart factors for the market. For example, environmental regulations that require the use of catalysts to reduce harmful emissions can stimulate demand for catalysts and accelerate their adoption.

Order your copy of the Free Sample of “Catalyst Industry Data Book – Heterogeneous Catalyst and Homogeneous Catalyst Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Homogeneous Catalyst Market Growth & Trends

The global homogeneous catalyst market size is expected to reach USD 12.37 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. This is attributable to their ability to provide higher selectivity and reaction rates. They can facilitate complex reactions that are not possible with heterogeneous alternatives, making them valuable in a variety of industries, including petrochemicals, pharmaceuticals, and fine chemicals. Additionally, they can also reduce the time and energy required for a reaction, making them more cost-effective. Moreover, the emerging end use industries such as chemical and petrochemical in developing economies are further creating the growth opportunities for the product market.

Homogeneous catalysts play a critical role in organic chemistry. They are commonly used in various reactions, such as hydrogenation, oxidation, and hydroformylation. In hydrogenation reactions, for example, homogeneous catalysts like palladium and platinum are used to promote the addition of hydrogen molecules to carbon-carbon double bonds and carbon-carbon triple bonds, resulting in the production of saturated hydrocarbons. Additionally, products such as osmium tetroxide and manganese dioxide are used in the oxidation reactions of alcohols to produce ketones and aldehydes. Thus, the advancement of the chemicals industry is anticipated to drive the product demand over the forecast period.

Competitive Insights

The catalyst market operates within a highly competitive environment, driven by the ever-growing demand for efficient and sustainable chemical processes across various industries. The market is characterized by intense rivalry among key players, including multinational corporations, specialty chemical companies, and research institutions. These entities continually strive to develop and commercialize novel catalyst technologies that offer improved performance, selectivity, and cost-effectiveness.

The market faces competition from alternative technologies, such as enzymes and biocatalysts, which provide eco-friendly and enzymatic solutions. Industry players must also navigate stringent regulatory frameworks and evolving environmental standards that prioritize the use of catalysts with low toxicity and reduced environmental impact. Continuous research and development efforts, collaborations, and strategic partnerships are crucial for companies to gain a competitive edge in this dynamic landscape. Companies are actively pursuing mergers and partnerships as a means to solidify their market position. A prime example of this is W. R. Grace & Co.-Conn., which recently completed its acquisition of Rive Technology, Inc., a manufacturer of FCC catalysts. As part of the acquisition, W. R. Grace & Co.-Conn. integrated all of Rive Technology’s service offerings, employees, and technological assets into its own business model. This integration of technology has enabled the company to offer a more customer-centric product range, catering to the increasing catalyst demands of the petrochemical and refining sectors.

Catalyst Industry | Forecast 2030

Catalyst Industry Data Book – Heterogeneous Catalyst and Homogeneous Catalyst Market

The economic value generated by the catalyst industry was estimated at approximately USD 29.72 billion in 2022. This economic output is an amalgamation of basic catalyst categories namely, heterogenous and homogenous.

Access the Global Catalyst Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.

The global catalyst market has witnessed remarkable growth in the recent past. This growth can be attributed to the rising demand for catalysts from manufacturers across the world. These manufacturers seek catalysts to optimize their processes, improve yields, save costs, and conserve energy. The demand stems from various applications such as chemical synthesis, petroleum refining, polymers & petrochemicals, and environmental purposes.

A catalyst is a substance that accelerates chemical reactions by providing an alternative pathway with lower energy requirements. By doing so, it enables reactions to occur at faster rates and under milder conditions. Catalysts can exist in different forms, either as heterogeneous substances (solid/gas or solid/liquid) or as homogeneous substances (in the same phase as the reactants). Regardless of their form, catalysts are designed to interact with reactant molecules, ultimately leading to the desired products.

Heterogeneous Catalyst Market Insights

The global heterogeneous catalyst market size was valued at USD 21.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The heterogeneous catalysts are widely used in industrial processes such as oil refining, chemical synthesis, and energy production. The growth of these industries, along with the need for more efficient and sustainable processes, increases the demand for market.

Heterogeneous catalysts are solid materials that promote chemical reactions by offering an active surface for reactant molecules to adsorb, undergo reactions, and subsequently desorb as products. These substances find widespread application across various industrial domains, encompassing petroleum refining, petrochemicals, pharmaceuticals, food processing, polymers, and environmental preservation.

Order your copy of the Free Sample of “Catalyst Industry Data Book – Heterogeneous Catalyst and Homogeneous Catalyst Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Homogeneous Catalyst Market

The global homogeneous catalyst market size was valued at USD 8.42 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. This is attributed to the advancing use of the product in variety of chemical reactions across different end use industries for yield improvement, optimization, cost reduction, and energy conservation. Their ability to provide better performance in industrial and organic reactions as compared to their heterogeneous alternatives is another factor anticipated to drive the demand for the product over the forecast period. However, these catalytic reactions create huge amounts of toxic waste, causing environmental hazards. This has led to increase in production of biodegradable homogeneous catalysts such as methane sulfonic acid (MSA) to cater to the demand.

Homogeneous catalysts are compounds that are used to accelerate chemical reactions by reducing the activation energy required to initiate a reaction. They are majorly used for the esterification of carboxylic acids, which is likely to create a stable demand for the product. In addition, the growing popularity of organometallic compounds for the production of polyethylene and polypropylene is further expected to fuel their demand in the near future. Enzymes and biocatalysts, which are some popular types of homogeneous catalysts, are being increasingly deployed in the food & beverage and pharmaceutical industries on account of their longer shelf life and eco-friendly nature. Thus, all these factors are anticipated to contribute to the product demand over the forecast period.

Table of Contents – Sectoral Outlook Report

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Purchased Database

1.3.2. GVR’s Internal Database

1.3.3. Secondary Sources & Third-Party Perspectives

Chapter 2. Executive Summary

2.1. Industry Snapshot

2.2. Key Trends – Highlights

Chapter 3. Industry Trend Analysis

3.1. Regulatory Framework & Benchmark

3.2. Value Chain Analysis

3.2.1. Manufacturing/Technological Outlook

3.3. Competitive Benchmarking

3.3.1. Heat-map Analysis

3.3.2. Distribution Channel Analysis

3.4. Macro Environmental Trend Analysis

3.4.1. Industry Driving Forces & Impact Analysis

3.4.2. Opportunities & Challenges

Company Profiles

• Albemarle Corporation
• Haldor Topsoe A/S
• BASF SE
• Evonik Industries AG
• LyondellBasell Industries Holdings B.V.
• Arkema
• The Dow Chemical Company
• Haldor Topsoe A/S
• R. Grace & Co.-Conn.
• Johnson Matthey
• Axens
• Honeywell UOP
• Zeolyst International
• Clariant
• Umicore
• Exxon Mobil Corporation