Catalyst Market 2021 Analysis of Key Trend, Industry Dynamics and Future Growth 2027

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The global Catalyst market size is expected to be worth around US$ 48.0 billion by 2027, according to a new report by Vision Research Reports.

The global Catalyst market size was valued at US$ 33.8 billion in 2019 and is anticipated to grow at a CAGR of 4.3% during forecast period 2020 to 2027.

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Catalyst Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 – 2027 – Breakdown Data by Regions, Type, Manufacturers and Applications

Growth Factors

Increasing the manufacturing of polymers is projected to play a vital role in the growth of the market. In addition, the presence of regulations supporting the manufacturing and use of catalysts is expected to augment market growth over the next eight years. Favorable environmental regulations regarding the non-harmful effects of catalysts in various industries have been driving the market over the past few years.

Report Highlights

  • Chemical compounds emerged as the dominant raw material segment of the market representing a value share of 38% in 2019. Chemical compounds such as sulfuric acid, hydrofluoric acid, and calcium carbonate are used as catalyst raw materials for numerous applications in chemical, petrochemical, and polymer industries.
  • Chemical synthesis emerged as the prominent application segment of the market with a value share of 26.1% for heterogeneous catalysts in 2019. Chemical synthesis includes raw material and in raw material chemistry wherein processes such as Contact, Haber, and converting ammonia to nitric acid involve the use of catalysts. Therefore, global chemical industry growth is expected to augment catalyst demand over the forecast period.
  • Polymers and petrochemicals application likely to witness a revenue-based CAGR of 4.4% between 2020 and 2027 as a consequence of manufacturing process optimization via catalyst adoption
  • Heterogeneous catalysts emerged as the prominent product segment of the market with a value share of 72% in 2019. Homogeneous catalysts are converted into heterogeneous catalysts via solid supports to reduce their toxicity. Some common examples of heterogeneous catalysts include sulfated zirconia, sulfonated carbon materials, sulfonated silica materials, and sulfonated MOFs materials.
  • The Middle East and Africa which represented a market value share of 6.5% in 2019 is expected to project lucrative opportunities to petroleum refining catalysts on account of oil and gas industry dominance in Saudi Arabia, Oman, Kuwait, and Qatar, countries of the region. A surge in domestic demand in the automotive, construction, packaging, and pharmaceutical industries is expected to propel chemical manufacturers to boost their production output for polymers and petrochemicals in the Middle East.
  • In 2019, Asia Pacific emerged as the largest regional market for catalysts in terms of value holding a share of 33.6%, supported by the manufacturing hubs in countries such as China.
  • North America is the second-largest market, owing to the evolving low sulfur and automotive mandates that necessitate the application of environmental catalysts in the region.

Key Players

  • Albemarle Corporation
  • Haldor Topsoe A/S
  • BASF SE
  • Evonik Industries AG
  • LyondellBasell Industries Holdings B.V.

Market Segmentation

Catalyst Raw Material Outlook

  • Chemical compounds
    • Peroxides
    • Acids
    • Amines & others
  • Metals
    • Precious metals
    • Base metals
  • Zeolites
  • Others

Catalyst Product By Application Outlook 

  • Heterogeneous Catalyst
    • Chemical synthesis
      • Chemical catalysts
      • Adsorbents
      • Syngas production
      • Others
    • Petroleum refining
      • FCC
      • Alkylation
      • Hydrotreating
      • Catalytic Reforming
      • Purification
      • Bed grading
      • Others
    • Polymers and petrochemicals
      • Ziegler Natta
      • Reaction Initiator
      • Chromium
      • Urethane
      • Solid Phosphorous Acid catalyst
      • Others
    • Environmental
      • Light-duty vehicles
      • Motorcycles
      • Heavy-duty vehicles
      • Others
  • Homogeneous Catalyst
    • Chemical synthesis
      • Chemical catalysts
      • Adsorbents
      • Syngas production
      • Others
    • Petroleum refining
      • FCC
      • Alkylation
      • Hydrotreating
      • Catalytic Reforming
      • Bed grading
      • Purification
      • Others
    • Polymers and petrochemicals
      • Ziegler Natta
      • Reaction Initiator
      • Chromium
      • Urethane
      • Solid Phosphorous Acid catalyst
      • Others
    • Environmental
      • Light-duty vehicles
      • Motorcycles
      • Heavy-duty vehicles
      • Others

Catalyst Regional Outlook 

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Italy
    • Netherlands
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Malaysia
  • South America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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