Catalyst Market Forecast 2022-2030 with Growth Drivers, Regional Outlook

Rising demand for petroleum refined products, petrochemicals, and chemical synthesis is a key factor driving catalyst market revenue growth

The global catalyst market size was USD 39.0 Billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Increasing demand from the automobile industry due to shifting energy demands for alternative fuels including biodiesel, rising demand for petroleum refined products, petrochemicals, and chemical synthesis, as well as increasing demand for catalysts enabling conversion of bio-derived feedstock into industrially relevant chemicals, thus helping in maintaining bioeconomy are major factors driving market revenue growth.

All petrochemical plants and refineries are built around catalytic processes. With ongoing technological advancements in catalyst manufacture, optimization, and enhanced operational efficiency, the global market for catalysts is rising. This pattern is particularly evident in the refining industry, where usage of catalytic procedures is continuously expanding. As the need for polyolefins, polyesters, and polyurethanes rises, so will demand for catalysts for synthesis of petrochemicals and polymers. Clariant offers customized solutions for major petrochemical building blocks such as ethylene, propylene, butadiene, and styrene. These catalysts provide excellent performance needed to prevail in this fiercely competitive sector. In the area of on-purpose olefin production, Houdry propane dehydrogenation and Methanol-To-Propylene (MTP) catalysts are in the forefront.

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In the past ten years, there has been a lot of funding and interest in research into catalytic conversion of feedstock derived from biomass into renewable fuels and chemicals. Several recently created catalytic technologies have either been commercialized or are presently undergoing testing in fully operational pilot plants. Solid catalysts are crucial to the success of chemocatalytic processes for production of high-value-added products such as biofuels, commodity chemicals, and innovative bio-based materials including bioplastics. The transformation of biomass feedstock into high-value chemicals and fuels can be catalyzed by a variety of solid catalysts such as metal oxides, supported metal catalysts, micro-and mesoporous materials, and sulfonated polymers.

Global Catalyst Market Research Report and Forecast to 2030 is an investigative report providing an extensive study of the global Catalyst Market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Catalyst Market on the global and regional scale, along with a thorough forecast estimation to 2020.

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Report Objective:

The report offers a complete analysis of the global Catalyst market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreements, and collaborations. Dow Chemical Company, BASF SE, Evonik Industries AG, Clariant AG, DuPont, Exxonmobil Corporation, Johnson Matthey, Albemarle Corporation, Cue Energy Resources Ltd, and Apache Corporation are some of the top companies profiled in the report.

Emergen Research has segmented the global catalyst market based on type of raw material, application and region:

Type Outlook (Revenue, USD Billion; 2019-2030)

Heterogeneous Catalysts

Homogeneous Catalysts

Type of Raw Material Outlook (Revenue, USD Billion; 2019-2030)

Metals

Chemical Compounds

Zeolites

Organometallic Materials

Others

Application Outlook (Revenue, USD Billion; 2019-2030)

Petroleum Refining

Chemical Synthesis

Polymer Catalysis Petrochemicals

Environmental

Others

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Valuable Market Insights:

The report highlights the latest trends observed in the consumption pattern of each regional segment.

Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.

The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Catalyst market.

The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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