PUBLISHER: The Business Research Company | PRODUCT CODE: 1682049
PUBLISHER: The Business Research Company | PRODUCT CODE: 1682049
A chemical catalyst is a substance that accelerates the rate of a chemical reaction without itself undergoing any permanent chemical change. Catalysts play a crucial role in various industrial processes by enhancing the efficiency and yield of reactions.
The main types of chemical catalysts include homogeneous, heterogeneous, heterogenized, homogeneous catalysts, and biocatalysts. Homogeneous catalysts operate in the same phase, such as gas or liquid, as the reactants. Various materials used in homogeneous catalysts include metals and metal oxides, zeolites, and chemical compounds. These catalysts find applications in diverse fields such as petrochemicals, chemical synthesis, environmental catalysis, polymerization, refining, pharmaceuticals, and others.
The chemical catalyst market research report is one of a series of new reports from The Business Research Company that provides chemical catalyst market statistics, including chemical catalyst industry global market size, regional shares, competitors with chemical catalyst market share, detailed chemical catalyst market segments, market trends, and opportunities, and any further data you may need to thrive in the chemical catalyst industry. This chemical catalyst market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The chemical catalyst market size has grown strongly in recent years. It will grow from $39.75 billion in 2024 to $42.3 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to petrochemical industry growth, expanding chemical manufacturing, environmental regulations and emission control, increasing demand for clean energy, growth in refinery activities.
The chemical catalyst market size is expected to see strong growth in the next few years. It will grow to $52.21 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increased investment in renewable energy, growing demand for specialty chemicals, rise in adoption of hydrogen economy, stringent emission standards, expansion of chemical and petrochemical industries in developing regions. Major trends in the forecast period include technological advancements in catalysis, transition to green and sustainable technologies, advancements in catalytic technologies, rising importance of nanocatalysts, shift towards bio-based catalysts.
The anticipated expansion of the chemical industry is poised to drive the growth of the chemical catalyst market in the future. The chemical industry encompasses a range of activities and entities dedicated to producing chemicals and related products. Chemical catalysts play a crucial role in numerous industrial processes, facilitating chemical reactions that transform raw materials into valuable end products. These catalysts are indispensable in the production of various fine and specialty chemicals. For example, the Chemistry Industry Association of Canada reported in February 2023 that Canada's Chemicals Industry achieved a record $30.8 billion in shipments in 2022, reflecting an 11.2% increase from the previous year. Additionally, exports reached a record high of $24.8 billion, marking an 11.5% growth compared to 2021. Hence, the expansion of the chemical industry is a driving force behind the chemical catalyst market.
Rapid industrial growth is expected to propel the chemical catalyst market forward. Industrial sectors, comprising businesses engaged in similar economic activities or providing related goods and services, utilize chemical catalysts to accelerate chemical reactions, enhance efficiency, reduce energy consumption, and improve yield and selectivity in various processes. This, in turn, leads to more sustainable production processes and the creation of valuable end products. For instance, Eurostat reported in August 2023 that industrial production in the euro area and the EU increased by 0.5% and 0.4%, respectively, in June 2023 compared to May 2023. Therefore, the anticipated rapid industrial growth will drive the chemical catalyst market.
Leading companies in the chemical catalyst market focus on product innovation to introduce advanced solutions, such as the CircleStar catalyst. This catalyst is designed for processing renewable feedstocks and achieving 99.5% selectivity for the ethanol-to-ethylene (E2E) conversion. The CircleStar catalyst contributes to transforming the chemical industry toward climate neutrality, supporting net-zero targets. Its unique star shape maximizes the active geometrical surface area, improving mass transfer and extending catalyst lifetime. For instance, BASF SE launched the CircleStar catalyst in September 2022, aiming to decrease the CO2 footprint in the bio-ethylene value chain. The catalyst operates at a temperature over 25°C lower than conventional processes, reducing the carbon footprint by more than 10% while maintaining performance.
In April 2022, SABIC, a Saudi Arabia-based chemical manufacturing company, acquired Scientific Design for an undisclosed sum. This acquisition is intended to enhance SABIC's growth in the specialties market and strengthen its position as a major player in the chemical industry. As a result of this transaction, SABIC gains full ownership of Scientific Design, which is known as a leading licensor of high-performance process technologies and catalyst production. Scientific Design is a US-based technology firm that specializes in delivering process solutions within the chemical sector, particularly through the application of chemical catalysts.
Major companies operating in the chemical catalyst market report are China Petroleum & Chemical Corporation, Royal Dutch Shell Public Limited Company, ExxonMobil Corporation, BASF SE, Dow Inc., LyondellBasell Industries N.V., Heraeus Group, INEOS Group Holdings S.A., Johnson Matthey PLC, Evonik Industries AG, Solvay S.A., DuPont de Nemours Inc., Akzo Nobel N.V., Arkema S.A., Sumitomo Metal Mining Co., Ltd., Albemarle Corporation, Clariant AG, Chevron Phillips Chemical Company LLC, Umicore N.V., JGC Catalysts and Chemicals, W.R. Grace & Co., Criterion Catalysts & Technologies L.P., Haldor Topsoe A/S, Dorf Ketal Chemicals India Private Limited, Tronox Holdings PLC, UOP LLC, Axens S.A., Nett Technologies Inc., Davison Chemical Co. Ltd., Vineeth Precious Catalysts Pvt. Ltd.
Asia-Pacific was the largest region in the chemical catalyst market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the chemical catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The chemical catalyst market consists of sales of petroleum Products, polymers, fuels, chemical intermediates, fine chemicals, and polyurethanes. 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.
Chemical 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 chemical 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 chemical catalyst ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The chemical 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.