Industrial Catalysts Market is predicted to reach USD 28.6 Billion at a CAGR of 4.11% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Industrial Catalysts Market” that contains information from 2018 to 2030. The Industrial Catalysts Market is estimated to register a CAGR of 4.11% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Industrial Catalysts Market — W.R. Grace & Co., Evonik Industries Ag, Dow Chemical Company, Exxonmobil Corporation, Johnson Matthey, Albemarle Corporation, Chevron Phillips Chemical Company Llc, Clariant Ag, Basf Se, and Dorf Ketal Chemicals (I) Pvt. Ltd.

Industrial Catalysts Market Highlights

The global Industrial Catalysts Market is accounted to register a CAGR of 4.11% during the forecast period and is estimated to reach USD 28.6 Billion by 2030.

The industrial catalysts market refers to the global industry that produces and sells catalysts used in various chemical processes to facilitate and accelerate chemical reactions. Catalysts are substances that increase the rate of a chemical reaction without being consumed in the process, allowing for more efficient and economical production of various chemicals, fuels, and materials. They play a crucial role in industries such as petrochemicals, refining, chemicals, and environmental applications.

Segment Analysis

The global Industrial Catalysts Market has been segmented based on Raw material, product, and application.

The heterogeneous product segment dominated the market with a revenue share of 71.7% in 2022. This growth is attributed to its ability to reduce their toxicity, homogeneous catalysts are changed into heterogeneous catalysts using rigid supports. The key heterogeneous catalysts are silicon dioxide, titanium dioxide, calcium carbonate, and barium sulfate. These compounds are used, among other things, in the dehydration of D-xylose into furfural, the creation of ethyl acetate from ethanol and acetic acid, the transesterification of palm oil with methanol into biodiesel, and the hydrolysis of cellulose.

The chemical compounds raw material segment dominated the market with a revenue share of 39.7% in 2022. This growth is attributed to the growing consumption of chemical compounds for catalysts used in the manufacturing of polypropylene and polyethylene. Some of the key chemical compounds used in polymer, petrochemical, and chemical industry are sulfuric acid, hydrofluoric acid, and calcium carbonate. In the production of olefins, which are then processed to create a variety of polymer compounds, metal catalysts are used in downstream sectors to transform saturated compounds like alkanes. Noble, non-noble, and other metals, as well as others, are the materials that perform dehydrogenation and hydrogenation. Diesel, jet fuel, LPG, and gasoline fractions with high octane ratings are among the main products made in refineries that use metal catalysts in the hydrocracking process.

Regional Analysis

The global Industrial Catalysts Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. Asia Pacific emerged as the dominating region with a revenue share of 34.5% in 2022. This growth is attributed to the dominance of China's chemical, polymer, petrochemical, and automobile sectors. Due to rising domestic demand and lower manufacturing costs than the U.S. and other European Union nations, China, which had a sizable number of chemical and polymer production companies, became a major manufacturing hub for chemical and petrochemical goods. 

The United States and Canada have significant industrial catalyst markets due to their well-established refining, petrochemical, and chemical industries. Catalyst research and innovation are also prominent in this region. 

European countries, such as Germany, the United Kingdom, and France, have a mature industrial catalyst market, driven by their strong chemical and automotive industries. The region has been focusing on developing sustainable and environmentally friendly catalysts. 

Market trends and demands for industrial catalysts can change over time, influenced by economic, regulatory, and technological developments. For the most up-to-date information on the regional distribution and trends in the industrial catalysts market, I recommend consulting industry reports, market research firms, and trade publications. 

Key Findings of the Study

• The global Industrial Catalysts Market is expected to reach USD 28.6 Billion by 2030, at a CAGR of 4.11% during the forecast period.


• Asia Pacific emerged as the dominating region with a revenue share of 34.5% in 2022. This growth is attributed to the dominance of China's chemical, polymer, petrochemical, and automobile sectors.


• The heterogeneous product segment dominated the market with a revenue share of 71.7% in 2022. This growth is attributed to its ability to reduce their toxicity, homogeneous catalysts are changed into heterogeneous catalysts using rigid supports.


• R. Grace & Co., Evonik Industries Ag, Dow Chemical Company, Exxonmobil Corporation, Johnson Matthey, Albemarle Corporation, Chevron Phillips Chemical Company Llc, Clariant Ag, Basf Se, and Dorf Ketal Chemicals (I) Pvt. Ltd.

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