Industrial Catalyst Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Industrial Catalyst Market Trends and Forecast

The future of the global industrial catalyst market looks promising with opportunities in the petroleum refinery, chemical synthesis, and petrochemical markets. The global industrial catalyst market is expected to reach an estimated $21.1 billion by 2028 with a CAGR of 4.5% from 2023 to 2028. The major drivers for this market are introduction of stringent environment regulations for air pollution and increasing usage of emission control and fuel technologies in various industries, such as petrochemical, refinery, automotive, and chemical industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Industrial Catalyst Market by Segment

The study includes a forecast for the global industrial catalyst market by product type, application, and region, as follows:

Industrial Catalyst Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:

• Heterogeneous Catalysts
• Homogeneous Catalysts
• Biocatalysts

Industrial Catalyst Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

• Petroleum Refinery
• Chemical Synthesis
• Petrochemicals

Industrial Catalyst Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Catalyst Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial catalyst companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial catalyst companies profiled in this report include.

• Albemarle
• Arkema
• Clariant
• Evonik Industries
• Exxon Mobil
• Akzo Nobel
• Chevron Phillips Chemical
• DOW Chemical

Industrial Catalyst Market Insights

• Lucintel forecast that heterogeneous catalysts will remain the largest segment over the forecast period due to increasing usage of these catalysts in the agriculture, chemical, pharmaceutical, and petrochemical sector.
• Petroleum refinery is the highest growth segment due to increasing demand of petroleum products globally.
• APAC will remain the largest region due to the increasing application of catalyst in various industries, such as automobile, petrochemicals, polymer, and emerging chemical industries.

Features of the Industrial Catalyst Market

• Market Size Estimates: Industrial catalyst market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Industrial catalyst panels market size by various segments, such as by product type, application, and region
• Regional Analysis: Industrial catalyst market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by product type, application, and regions for the industrial catalyst market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the industrial catalyst market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the industrial catalyst market size?

Answer: The global industrial catalyst market is expected to reach an estimated $21.1 billion by 2028.

Q2. What is the growth forecast for industrial catalyst market?

Answer: The global industrial catalyst market is expected to grow with a CAGR of 4.5% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the industrial catalyst market?

Answer: The major drivers for this market are introduction of stringent environment regulations for air pollution and increasing usage of emission control and fuel technologies in various industries, such as petrochemical, refinery, automotive, and chemical industry.

Q4. What are the major segments for industrial catalyst market?

Answer: The future of the industrial catalyst market looks promising with opportunities in the petroleum refinery, chemical synthesis, and petrochemical markets.

Q5. Who are the key industrial catalyst companies?

Answer: Some of the key industrial catalyst companies are as follows:

• Albemarle
• Arkema
• Clariant
• Evonik Industries
• Exxon Mobil
• Akzo Nobel
• Chevron Phillips Chemical
• DOW Chemical

Q6. Which industrial catalyst segment will be the largest in future?

Answer:Lucintel forecast that heterogeneous catalysts will remain the largest segment over the forecast period due to increasing usage of these catalysts in the agriculture, chemical, pharmaceutical, and petrochemical sector.

Q7. In industrial catalyst market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to the increasing application of catalyst in various industries, such as automobile, petrochemicals, polymer, and emerging chemical industries.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the industrial catalyst market product type (heterogeneous catalysts, homogeneous catalysts, and biocatalysts), application (petroleum refinery, chemical synthesis, and petrochemicals) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?