PUBLISHER: The Business Research Company | PRODUCT CODE: 1664422
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664422
Inorganic catalysts are heterogeneous catalysts comprising metals and their oxides, designed to replicate the functions of natural catalysts. These catalysts possess an inorganic structure and may not necessarily contain carbon, oxygen, and hydrogen molecules.
The primary types of inorganic catalysts include zeolites, metals, chemical compounds, and other varieties. Zeolite is a pure inorganic material manufactured through hydrothermal synthesis. It finds applications in various industries such as petroleum refining, chemical synthesis, polymers and petrochemicals, and environmental purposes.
The inorganic catalyst market research report is one of a series of new reports from The Business Research Company that provides inorganic catalyst market statistics, including inorganic catalyst industry global market size, regional shares, competitors with an inorganic catalyst market share, detailed inorganic catalyst market segments, market trends, and opportunities, and any further data you may need to thrive in the inorganic catalyst industry. This inorganic catalyst market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The inorganic catalyst market size has grown steadily in recent years. It will grow from $26.81 billion in 2024 to $27.99 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to shift in chemical manufacturing practices, focus on catalytic efficiency, industrial automation, global market expansion, research and development.
The inorganic catalyst market size is expected to see strong growth in the next few years. It will grow to $34.58 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to industrial growth and expansion, demand in energy sector, rising demand for specialty chemicals, focus on sustainable practices. Major trends in the forecast period include industry digitization and automation, increased environmental regulations, shift towards sustainable chemistry, rising demand in petrochemical industry, advancements in nanotechnology.
The increasing demand for petroleum and petrochemical products is anticipated to drive the growth of the inorganic catalysts market in the coming years. Petrochemicals, which are chemical products derived from crude oil and petroleum, rely heavily on inorganic catalysts like zeolite to enhance yield and efficiency in production. For example, in August 2023, the International Energy Agency (IEA), a France-based intergovernmental organization, reported a rise in global oil demand by 2.2 million barrels per day (mb/d), bringing total demand to around 102 mb/d. This surge is largely fueled by a strong recovery in China's petrochemical industry, which is projected to contribute nearly 60% of the demand increase. As a result, the growing demand for petroleum and petrochemical products is boosting the inorganic catalysts market.
The inorganic catalysts market is further driven by the expanding automotive industry. In this sector, inorganic catalysts are essential for promoting cleaner and more efficient vehicle operation. They contribute to improved performance and reduced emissions, aligning with the industry's emphasis on sustainability. The Global Electric Vehicle Outlook report indicates robust growth in electric vehicle sales, reaching over 10 million units in 2022, with a projected 35% increase to 14 million units in the coming year. Therefore, the burgeoning automotive industry is a significant driver for the inorganic catalysts market.
Technological advancements are emerging as a key trend in the inorganic catalysts market. Leading companies are introducing innovative technologies, such as tri-metal catalyst technology, to maintain their market position. For example, in October 2023, Grace & Co, a US-based chemical company, introduced PARAGON(TM) FCC catalyst technology. This technology integrates a rare-earth-based Vanadium (V) trap into high matrix surface area FCC catalytic solutions. With PARAGON(TM) technology, refiners can expand their FCC operational range and enhance their flexibility in processing different types of feedstock, leading to increased profitability.
Leading companies in the inorganic catalysts market are also focusing on advancements like catalyst shaping technology. Catalyst shaping technology involves designing and manufacturing catalysts with specific forms and structures to enhance their performance and efficiency. For instance, in September 2022, BASF SE, a Germany-based chemical company, launched X3D, a groundbreaking catalyst-shaping technology. X3D technology incorporates a unique additive manufacturing process based on 3D printing, creating an open structure that reduces pressure drop across reactors while increasing surface area, significantly improving catalytic performance. BASF's X3D technology is applicable to various catalytic materials, including base and precious metal catalysts and carrier materials.
In April 2022, SABIC's acquisition of Clariant, for an undisclosed amount, provides SABIC complete ownership of Scientific Design, a leading licensor of high-performance process technologies and catalyst producer, further consolidating their position in the inorganic catalysts market. Clariant, based in Switzerland, is a chemical company with a notable presence in the market.
Major companies operating in the inorganic catalyst market include 3M Company, Ahlstrom-Munksjo Oyj, Lydall Performance Materials India LLP, Nordic Air Filtration A/S, Sandler AG, Sefar AG, Freudenberg Filtration Technologies India Private Limited, Eaton Corporation Public Limited Company., Donaldson Company Inc., Alfa Laval India Private Limited, Lenntech B.V, W.L. Gore & Associates Inc., Hengst SE & Co. KG., BASF SE, Johnson Matthey plc, W.R. Grace & Co., Clariant AG, Albemarle Corporation, Evonik Industries AG, Solvay S.A., Cataler Corporation, Umicore N.V., Axens S.A., Haldor Topsoe A/S, JGC C&C Co. Ltd., Zeolyst International Inc., Ceramisphere Pty Ltd., Applied Catalysts LLC, CRI Catalyst Company LP, KNT Group, INTERCAT Inc., Silbond Corporation, SACHEM Europe B.V.
Asia-Pacific was the largest region in the inorganic catalyst market share in 2024. The regions covered in the inorganic catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the inorganic catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The inorganic catalysts market consists of sales of metal oxides and aluminum alkyl. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Inorganic Catalyst Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on inorganic catalyst market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for inorganic catalyst ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The inorganic catalyst market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.