Report Code: CMI43879

Published Date: March 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 4.9%
35.5B
2023
37.2B
2024
45.8B
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • BASF SE
  • Johnson Matthey plc
  • Clariant AG
  • Dow Inc.
  • Albemarle Corporation
  • Others

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Reports Description

Global Catalyst Market was valued at USD 37.2 Billion in 2024 and is expected to reach USD 45.8 Billion by 2033, at a CAGR of 4.9% during the forecast period 2024 – 2033.

A catalyst is a material that speeds up a chemical reaction by offering an alternate reaction route with a lower activation energy, without being consumed or incurring any net chemical alteration in the process.

Catalysts are widely employed in a variety of sectors, and they serve an important role in increasing the efficiency of chemical processes, lowering energy needs, and enabling the creation of desired products.

Catalyst Market: Growth Factors

Escalating demand for petroleum refining

The increased demand for petroleum refining has a substantial impact on the catalyst business. As the world’s population rises and industry expands, so does the need for refined petroleum products like petrol, diesel, and jet fuel.

To fulfil rising demand, petroleum refineries must upgrade their refining operations to increase efficiency, enhance product quality, and comply with strict environmental requirements. Catalysts serve an important role in refining processes because they accelerate chemical reactions and facilitate the conversion of crude oil into various refined products.

Catalysts also assist in reducing energy usage and environmental pollution during the refining process. As a result, the increasing demand for petroleum refining pushes the catalyst market, as refineries always seek innovative catalyst technologies to optimise their operations and meet the expanding worldwide energy needs sustainably.

For instance, Shell Catalysts & Technologies provides catalysts for important operations that employ hydrogen to improve and add value to refinery streams and finished products. Its portfolio comprises hydro processing catalysts for a wide range of refinery applications, including ultra-low sulphur diesel (ULSD) production and tail-gas treatment. Heavily active in hydrocracking, providing both feed preprocessing and cracking catalysts.

Growing demand for polymers

The increased demand for polymers has a considerable impact on the catalyst industry. As polymers find widespread use in sectors that include packaging, automobile building, and electronics, the demand for efficient polymerization processes grows.

Catalysts play an important role in polymer manufacturing because they accelerate reactions, improve product quality, and regulate molecular structure. Furthermore, the push for sustainable and functional polymers increases the demand for specialised catalysts that enable green and regulated polymerization procedures.

Furthermore, the growing emphasis on lightweight materials and sophisticated polymer composites in a variety of industries drives catalyst used for polymer synthesis and modification.

As a result, the increasing demand for polymers serves as a significant driver for innovation and investment in the catalyst market, driving research and development efforts to satisfy expanding industrial requirements while assuring economic and environmental sustainability.

For instance, India’s polymer demand has increased by 12% in fiscal year 2022-23, owing to a dramatic increase in consumer activity following more than two years of pandemic-induced economic downturn.

In addition, moderate retail inflation has given consumers a break and, as a result, overall retail goods sales have increased in recent months. Polymers demand was strong last fiscal year, since it is widely used in a variety of product industries, including packaging and automotive parts.

Catalyst Market: Restraints

Complex manufacturing processes

Catalysts are essential components in a variety of industries, but their market expansion might be hampered by the intricacy of their manufacturing methods. These procedures frequently include complex phases that require precise control of composition, morphology, and surface qualities, which necessitate advanced technology and knowledge.

Furthermore, catalyst manufacture may need expensive raw materials, complex equipment, and demanding quality control processes, resulting in increased manufacturing costs. Furthermore, achieving consistent performance and scalability across several applications presents considerable hurdles, as catalysts must act successfully under a variety of operating circumstances.

Manufacturing complexity also adds to lengthier development schedules and regulatory constraints, which slows market entrance and increases total investment risk. As a result, firms confront difficulties when scaling up production to meet expanding demand, hindering the growth of the catalyst industry.

Global Catalyst Market 2024–2033 (By Raw Material)

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Catalyst Market: Opportunities

Upsurge demand for heterogeneous catalyst

The increase in demand for heterogeneous catalysts drives the catalyst market for a variety of reasons. To begin, heterogeneous catalysts are versatile and efficient in a variety of industrial processes, such as petroleum products, chemicals, and environmental applications.

Their capacity to enable reactions at the interface of distinct phases improves conversion rates and selectivity, resulting in increased process efficiency and lower costs.

Furthermore, the increased emphasis on environmentally friendly methods and environmental legislation encourages the use of heterogeneous catalysts in green chemistry projects such as renewable energy generation and emissions reduction.

Furthermore, advances in material science and nanotechnology allow for the creation of innovative heterogeneous catalysts with improved performance and stability, which drives market expansion. For instance, Heterogeneous catalysts provide various advantages, notably reusability, increased reaction rate and selectivity, ease of product/catalyst separation, and lower cost.

Because of these facts, researchers are increasingly interested in developing solid phase transesterification catalysts. In recent years, heterogeneous catalysts have proven to be more effective than homogeneous catalysts for producing biodiesel from third-generation feedstocks such as microalgae.

Catalyst Market: Segmentation Analysis

The global Catalyst market is segmented by raw material, application, and region.  Based on raw materials, the market is classified into chemical compounds, metals, zeolites and others. Chemical compounds dominated the market in 2023 with a market share of 40.5% and are expected to keep their dominance during the forecast period 2024-2033.

Chemical compounds are important drivers of the catalyst industry because they may assist and accelerate chemical processes without being consumed themselves.

Catalysts function by decreasing the activation energy necessary for reactions to proceed, resulting in higher reaction rates and efficiency. Various chemical substances operate as catalysts, with each adapted to a specific process depending on its molecular structure and capabilities.

These substances, which can be organic or inorganic, such as transition metals, enzymes, or zeolites, have use in a variety of sectors, including petrochemicals, medicines, and environmental remediation. Furthermore, continuing research and development yield innovative catalyst compositions and formulations, enhancing the market’s potential.

Overall, the vast array of chemical compounds used as catalysts fuels innovation and promote development in the catalyst industry, enabling more efficient and sustainable chemical processes.

Based on application, the market is classified into petroleum refining, chemical synthesis, polymer catalysis, and environmental. Petroleum refining dominated the market in 2023 with a market share of 36.8% and is expected to keep its dominance during the forecast period 2024-2033.

Petroleum refining has a huge impact on the catalyst industry since it relies heavily on catalysts in its refining operations. Catalysts are essential in refining crude oil into marketable products such as petrol, diesel and jet fuel because they catalyse chemical processes, increase efficiency and facilitate targeted product yields.

As worldwide demand for refined petroleum products grows due to increased industrialization and urbanisation, so does the requirement for catalysts in refining operations.

Furthermore, developments in refining technology and legislation supporting cleaner fuels are driving the catalyst market, as catalysts allow for the manufacture of ecologically benign goods with lower emissions.

As a result, the petroleum refining sector remains a primary driver of growth and innovation in the catalyst market, driving its trajectory and encouraging technical advances to fulfil evolving industry needs.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 37.2 Billion
Projected Market Size in 2033 USD 45.8 Billion
Market Size in 2023 USD 35.5 Billion
CAGR Growth Rate 4.9% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Raw Material, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Catalyst Market: Regional Insight

By region, Catalyst market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Catalyst market in 2023 with a market share of 31.5% and is expected to keep its dominance during the forecast period 2024-2033.

Asia Pacific is a key driver of the catalyst market for a variety of reasons. To begin, the region’s fast urbanisation and increasing manufacturing industries generate significant demand for catalysts in a variety of chemical processes, such as petroleum products, refining, and polymer and plastic manufacture.

Furthermore, Asia Pacific’s booming automobile sector increases the need for catalysts used in pollution control systems to meet severe environmental standards.

Furthermore, governments in the area are increasingly concentrating on sustainable development and environmental preservation, resulting in the adoption of cleaner technologies that use catalysts to reduce pollutants and improve energy efficiency.

Moreover, the availability of raw materials and trained labour, together with favourable investment policies and infrastructure development, draws large investments from catalyst manufacturers, accelerating market expansion in Asia Pacific.

In addition, the region’s emphasis on environmental sustainability and regulatory compliance has accelerated the use of catalysts for emissions control and pollution abatement. Rigorous environmental rules aiming at decreasing air and water pollution have boosted investment in catalytic technology for clean energy generation and waste management.

In summary, Asia Pacific’s mix of industrial expansion, rich resources, environmental concerns, and automotive growth places it as a major driving factor in the catalyst industry, with more expansion projected shortly.

Global Catalyst Market 2024–2033 (By Billion)

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Catalyst Market: Recent Developments

  • In January 2023, Albemarle Corporation introduced Ketjen-a specialise brand providing tailored developed catalyst solutions for petroleum-based, refining, and specialised chemicals.
  • In May 2023, Johnson Matthey (JM) and Hystar signed a three-year strategic supply agreement to strengthen renewable hydrogen production that includes the use of catalysts in the membrane-based electrode assemblies to power the electrolysis process and generate renewable hydrogen.
  • In July 2021, BASF SE disclosed its acquisition of Zodiac Enterprises LLC. In Caldwell, Texas, for the expansion of its ability and production capacity for chemical catalyst recycling. The plant will add to BASF’s existing precious metal recovering operations in Seneca, South Carolina, USA, by recovering precious metals from industrial debris, particularly chemical catalysts.

List of the prominent players in the Catalyst Market:

  • BASF SE
  • Johnson Matthey plc
  • Clariant AG
  • Dow Inc.
  • Albemarle Corporation
  • R. Grace & Co.
  • Evonik Industries AG
  • Haldor Topsoe A/S
  • Chevron Phillips Chemical Company LLC
  • Exxon Mobil Corporation
  • UOP LLC
  • Shell Global Solutions International B.V.
  • Sinopec Corp.
  • Axens SA
  • Zeolyst International
  • Croda International Plc
  • Solvay S.A.
  • INEOS Group Holdings S.A.
  • Lanxess AG
  • Arkema S.A.
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Catalyst Market is segmented as follows:

By Raw Material

  • Chemical Compounds
  • Metals
  • Zeolites
  • Others

By Application

  • Petroleum Refining
  • Chemical Synthesis
  • Polymer Catalysis
  • Environmental

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Catalyst Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Catalyst Market: snapshot
  • Chapter 3. Global Catalyst Market – Industry Analysis
    • 3.1 Catalyst Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Escalating demand for petroleum refining
      • 3.2.2 Growing demand for polymers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Raw Material
      • 3.7.2 Market Attractiveness Analysis By Application
  • Chapter 4. Global Catalyst Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Catalyst Market: Company Market Share, 2024
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Catalyst Market – Raw Material Analysis
    • 5.1 Global Catalyst Market Overview: By Raw Material
      • 5.1.1 Global Catalyst Market Share, By Raw Material, 2024 and – 2033
    • 5.2 Chemical Compounds
      • 5.2.1 Global Catalyst Market by Chemical Compounds, 2024 – 2033 (USD Billion)
    • 5.3 Metals
      • 5.3.1 Global Catalyst Market by Metals, 2024 – 2033 (USD Billion)
    • 5.4 Zeolites
      • 5.4.1 Global Catalyst Market by Zeolites, 2024 – 2033 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Catalyst Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Catalyst Market – Application Analysis
    • 6.1 Global Catalyst Market Overview: By Application
      • 6.1.1 Global Catalyst Market Share, By Application, 2024 and – 2033
    • 6.2 Petroleum Refining
      • 6.2.1 Global Catalyst Market by Petroleum Refining, 2024 – 2033 (USD Billion)
    • 6.3 Chemical Synthesis
      • 6.3.1 Global Catalyst Market by Chemical Synthesis, 2024 – 2033 (USD Billion)
    • 6.4 Polymer Catalysis
      • 6.4.1 Global Catalyst Market by Polymer Catalysis, 2024 – 2033 (USD Billion)
    • 6.5 Environmental
      • 6.5.1 Global Catalyst Market by Environmental, 2024 – 2033 (USD Billion)
  • Chapter 7. Catalyst Market – Regional Analysis
    • 7.1 Global Catalyst Market Regional Overview
    • 7.2 Global Catalyst Market Share, by Region, 2024 & – 2033 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Catalyst Market, 2024 – 2033 (USD Billion)
        • 7.3.1.1 North America Catalyst Market, by Country, 2024 – 2033 (USD Billion)
    • 7.4 North America Catalyst Market, by Raw Material, 2024 – 2033
      • 7.4.1 North America Catalyst Market, by Raw Material, 2024 – 2033 (USD Billion)
    • 7.5 North America Catalyst Market, by Application, 2024 – 2033
      • 7.5.1 North America Catalyst Market, by Application, 2024 – 2033 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Catalyst Market, 2024 – 2033 (USD Billion)
        • 7.6.1.1 Europe Catalyst Market, by Country, 2024 – 2033 (USD Billion)
    • 7.7 Europe Catalyst Market, by Raw Material, 2024 – 2033
      • 7.7.1 Europe Catalyst Market, by Raw Material, 2024 – 2033 (USD Billion)
    • 7.8 Europe Catalyst Market, by Application, 2024 – 2033
      • 7.8.1 Europe Catalyst Market, by Application, 2024 – 2033 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Catalyst Market, 2024 – 2033 (USD Billion)
        • 7.9.1.1 Asia Pacific Catalyst Market, by Country, 2024 – 2033 (USD Billion)
    • 7.10 Asia Pacific Catalyst Market, by Raw Material, 2024 – 2033
      • 7.10.1 Asia Pacific Catalyst Market, by Raw Material, 2024 – 2033 (USD Billion)
    • 7.11 Asia Pacific Catalyst Market, by Application, 2024 – 2033
      • 7.11.1 Asia Pacific Catalyst Market, by Application, 2024 – 2033 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Catalyst Market, 2024 – 2033 (USD Billion)
        • 7.12.1.1 Latin America Catalyst Market, by Country, 2024 – 2033 (USD Billion)
    • 7.13 Latin America Catalyst Market, by Raw Material, 2024 – 2033
      • 7.13.1 Latin America Catalyst Market, by Raw Material, 2024 – 2033 (USD Billion)
    • 7.14 Latin America Catalyst Market, by Application, 2024 – 2033
      • 7.14.1 Latin America Catalyst Market, by Application, 2024 – 2033 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Catalyst Market, 2024 – 2033 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Catalyst Market, by Country, 2024 – 2033 (USD Billion)
    • 7.16 The Middle-East and Africa Catalyst Market, by Raw Material, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Catalyst Market, by Raw Material, 2024 – 2033 (USD Billion)
    • 7.17 The Middle-East and Africa Catalyst Market, by Application, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Catalyst Market, by Application, 2024 – 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 BASF SE
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Johnson Matthey plc
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Clariant AG
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Dow Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Albemarle Corporation
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 W.R. Grace & Co.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Evonik Industries AG
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Haldor Topsoe A/S
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Chevron Phillips Chemical Company LLC
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Exxon Mobil Corporation
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 UOP LLC
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Shell Global Solutions International B.V.
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Sinopec Corp.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Axens SA
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Zeolyst International
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Croda International Plc
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 Solvay S.A.
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 INEOS Group Holdings S.A.
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
    • 8.19 Lanxess AG
      • 8.19.1 Overview
      • 8.19.2 Financials
      • 8.19.3 Product Portfolio
      • 8.19.4 Business Strategy
      • 8.19.5 Recent Developments
    • 8.20 Arkema S.A.
      • 8.20.1 Overview
      • 8.20.2 Financials
      • 8.20.3 Product Portfolio
      • 8.20.4 Business Strategy
      • 8.20.5 Recent Developments
    • 8.21 Others.
      • 8.21.1 Overview
      • 8.21.2 Financials
      • 8.21.3 Product Portfolio
      • 8.21.4 Business Strategy
      • 8.21.5 Recent Developments
List Of Figures

Figures No 1 to 22

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • BASF SE
  • Johnson Matthey plc
  • Clariant AG
  • Dow Inc.
  • Albemarle Corporation
  • R. Grace & Co.
  • Evonik Industries AG
  • Haldor Topsoe A/S
  • Chevron Phillips Chemical Company LLC
  • Exxon Mobil Corporation
  • UOP LLC
  • Shell Global Solutions International B.V.
  • Sinopec Corp.
  • Axens SA
  • Zeolyst International
  • Croda International Plc
  • Solvay S.A.
  • INEOS Group Holdings S.A.
  • Lanxess AG
  • Arkema S.A.
  • Others

FAQs

The restraints of the Catalyst market is complex manufacturing processes.

The major driver for the Catalyst market is escalating demand for petroleum refining and growing demand for polymers.

The “Petroleum Refining” had the largest share in the global market for Catalyst.

The key players in the market are BASF SE, Johnson Matthey plc, Clariant AG, Dow Inc., Albemarle Corporation, W.R. Grace & Co., Evonik Industries AG, Haldor Topsoe A/S, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, UOP LLC , Shell Global Solutions International B.V., Sinopec Corp., Axens SA, Zeolyst International, Croda International Plc, Solvay S.A., INEOS Group Holdings S.A., Lanxess AG, Arkema S.A., Others.

“Asia-Pacific” had the largest share in the Catalyst Market.

The global market is projected to grow at a CAGR of 4.9% during the forecast period, 2024-2033.

The Catalyst Market size was valued at USD 37.2 Billion in 2024.

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