The global catalyst market size was USD 39.0 Billion in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Increasing demand from the automobile industry due to shifting energy demands for alternative fuels including biodiesel, rising demand for petroleum refined products, petrochemicals, and chemical synthesis, as well as increasing demand for catalysts enabling conversion of bio-derived feedstock into industrially relevant chemicals, thus helping in maintaining bioeconomy are major factors driving market revenue growth.
All petrochemical plants and refineries are built around catalytic processes. With ongoing technological advancements in catalyst manufacture, optimization, and enhanced operational efficiency, the global market for catalysts is rising. This pattern is particularly evident in the refining industry, where usage of catalytic procedures is continuously expanding. As the need for polyolefins, polyesters, and polyurethanes rises, so will demand for catalysts for synthesis of petrochemicals and polymers. Clariant offers customized solutions for major petrochemical building blocks such as ethylene, propylene, butadiene, and styrene. These catalysts provide excellent performance needed to prevail in this fiercely competitive sector. In the area of on-purpose olefin production, Houdry propane dehydrogenation and Methanol-To-Propylene (MTP) catalysts are in the forefront.
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In the past ten years, there has been a lot of funding and interest in research into catalytic conversion of feedstock derived from biomass into renewable fuels and chemicals. Several recently created catalytic technologies have either been commercialized or are presently undergoing testing in fully operational pilot plants. Solid catalysts are crucial to the success of chemocatalytic processes for production of high-value-added products such as biofuels, commodity chemicals, and innovative bio-based materials including bioplastics. The transformation of biomass feedstock into high-value chemicals and fuels can be catalyzed by a variety of solid catalysts such as metal oxides, supported metal catalysts, micro-and mesoporous materials, and sulfonated polymers.
Report Objective:
The report offers a complete analysis of the global Catalyst market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreements, and collaborations. Dow Chemical Company, BASF SE, Evonik Industries AG, Clariant AG, DuPont, Exxonmobil Corporation, Johnson Matthey, Albemarle Corporation, Cue Energy Resources Ltd, and Apache Corporation are some of the top companies profiled in the report.
Key Highlights From the Report
The homogenous catalysts systems segment accounted for a significant revenue share in 2021. Homogeneous catalysts are preferable to heterogeneous catalysts because they can carry out the reaction at softer conditions, have higher activity and selectivity, are simpler to spectroscopically monitor, and have controlled and tunable reaction sites. Homogeneous catalysis is used in synthesis of simple and complex molecules such as medicinal compounds, natural products, and agrochemicals. In general, homogeneous catalysts are effective at transforming single-origin feedstock that are low in FFA and contain water into biodiesel. Acid, enzymatic, and organometallic catalysts are a few common types of homogeneous catalysts.
The zeolites segment accounted for largest revenue share in 2021. Zeolites, also known as molecular sieves, are an aluminosilicate family of minerals made up of molecularly sized micropores that are uniformly dispersed. They are frequently utilized as very effective adsorbents, ion exchangers, and catalysts in petrochemical industries and in everyday life. Zeolites are used in a growing number of sustainable processes in addition to these more conventional ones.
The Europe market accounted for a significant revenue share in 2021. This is attributed to an increased focus on platinum based catalytic converters and growing demand for platinum catalysts for helping in maintaining bioeconomy, which are also contributing significantly to demand for catalyst, hence driving revenue growth of the market in this region. According to a recent study, almost 40% of the platinum used in EU catalytic converters is not retrieved for recycling and is thus lost forever. According to experts, a more circular economy for platinum is necessary to lessen imports of this important raw material into the EU and lessen its adverse environmental effects.
Emergen Research has segmented the global catalyst market based on type of raw material, application and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Heterogeneous Catalysts
Homogeneous Catalysts
Type of Raw Material Outlook (Revenue, USD Billion; 2019-2030)
Metals
Chemical Compounds
Zeolites
Organometallic Materials
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Petroleum Refining
Chemical Synthesis
Polymer Catalysis & Petrochemicals
Environmental
Others
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Features of the Catalyst Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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