PUBLISHER: The Business Research Company | PRODUCT CODE: 1704512
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704512
A catalyst that operates in a different phase from the reactants and products it influences is termed a heterogeneous catalyst. Its popularity across industries stems from its easy separation, recyclability, and often superior thermal stability compared to homogeneous catalysts.
Heterogeneous catalysts primarily fall into categories such as metal-based, chemical-based, zeolite-based, and others. Metal-based catalysts, widely employed in catalytic systems, play a significant role in organic compound synthesis. They find diverse applications in petroleum refining, chemical synthesis, environmental catalysis, polymerization, hydrogenation, and are utilized by various industries including oil and gas, chemicals and petrochemicals, environmental sectors, among others.
The heterogeneous catalyst market research report is one of a series of new reports from The Business Research Company that provides heterogeneous catalyst market statistics, including heterogeneous catalyst industry global market size, regional shares, competitors with a heterogeneous catalyst market share, detailed heterogeneous catalyst market segments, market trends and opportunities, and any further data you may need to thrive in the heterogeneous catalyst industry. This heterogeneous 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 heterogeneous catalyst market size has grown strongly in recent years. It will grow from $27.92 billion in 2024 to $29.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increased applications in the automotive sector, increased need for emissions control, increased use in the production of biofuels, increased demand for hydrogen, rise in demand for zeolites.
The heterogeneous catalyst market size is expected to see strong growth in the next few years. It will grow to $37.37 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing demand for efficient and sustainable chemical processes, stringent environmental regulations, growing emphasis on sustainability, transition to cleaner energy sources, growing demand for petrochemicals. Major trends in the forecast period include advancements in nanotechnology, demand for novel catalyst materials, advancements in catalytic converters, demand for chemical synthesis, demand for metal-based catalysts.
The anticipated rise in chemical demand is poised to drive the growth of the heterogeneous catalyst market in the foreseeable future. The escalation in chemical demand stems from increased needs in manufacturing, pharmaceuticals, and agriculture sectors, alongside technological advancements and a transition toward sustainable and eco-friendly practices. Heterogeneous catalysts play a pivotal role in meeting the heightened demand for chemicals across diverse industries by enhancing the efficiency, cost-effectiveness, scalability, and environmental sustainability of chemical processes. For instance, as per the US Bureau of Labor Statistics in July 2023, the trade value of US chemical manufacturing exports in 2022 surged to $288.0 billion, marking a 13.4% growth compared to 2021. Thus, the burgeoning chemical demand fuels the heterogeneous catalyst market.
Key players in the heterogeneous catalyst market are dedicated to innovating products, such as propane dehydrogenation (PDH) catalysts, to augment their performance in industrial-scale propylene production. PDH catalysts are instrumental in converting propane into propylene by hydrogen removal. For instance, Clariant, a Switzerland-based chemical company, unveiled CATOFIN 312 in April 2024, its latest propane dehydrogenation catalyst. CATOFIN 312, a component of Clariant's CATOFIN technology renowned for producing olefins such as propylene, isobutylene, and butylene/butadiene. This technology amalgamates Clariant's bespoke catalysts and Heat Generating Material (HGM) with Lummus's advanced process, establishing it as one of the swiftly expanding propylene production technologies.
In November 2023, Phillips Carbon Black Ltd., an India-based carbon black manufacturer, acquired Aquapharm Chemicals Pvt. Ltd. (ACPL) for $455.50 million (₹3,800 crore). This acquisition aims to broaden Phillips Carbon Black Ltd.'s specialty chemicals portfolio with diverse products, including phosphonates, biodegradable chelating agents, polymers, biocides, and oil field chemicals. ACPL, an India-based chemical company, specializes in manufacturing heterogeneous catalysts.
Major companies operating in the heterogeneous catalyst market are Shell Plc, BASF SE, ExxonMobil Chemical, Rio Tinto Ltd., SABIC Corp., LyondellBasell Industries Holdings B.V., Honeywell International Inc., Heraeus Group, Evonik Industries AG, Johnson Matthey Plc, Sinopec Group, Solvay SA, DuPont de Nemours Inc, Arkema Group, INEOS Group AG, Albemarle Corporation, Clariant International AG, JGC Catalysts and Chemicals Ltd, Umicore NV, Haldor Topsoe A/S, Axens SA, Gelest Inc., Zeolyst International Inc, AGGARWAL Chempack Industries Private Limited, W.R. Grace & Co
Asia-Pacific was the largest region in the heterogeneous catalyst market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heterogeneous catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the heterogeneous catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The heterogeneous catalyst market consists of sales of bimetallic catalysts, acid-base catalysts, and zeolite catalysts. 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.
Heterogeneous 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 heterogeneous 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 heterogeneous catalyst ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The heterogeneous 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.