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From 2023 to 2030, the worldwide catalyst market is projected to expand from its 2022 valuation of USD 29.9 billion at a CAGR (compound annual growth rate) of 6.6%. There has been a rise in the need for catalysts in industries including petroleum refining, chemical synthesis, polymers & petrochemicals, and environmental protection due to rising demand from these and other applications. Thermosets, thermoplastics, and elastomers are just some of the many types of polymers on the market. Over the next eight years, the demand for catalysts is expected to rise in response to expansion in these specific markets. Since China is expected to fuel the demand for polypropylene and polyethylene due to low-cost labor, downstream processing capacity conditions, and government stimulus packages, the catalyst market is expected to grow at the fastest rate in the automotive and electrical & electronic industries.
The activation energy of a chemical reaction can be sped up or slowed down with the help of a catalyst. They are not used up in the process itself, and treated spent catalysts can be utilized again. Catalysts come in a vast variety, from zeolites and metals to chemical compounds and enzymes, to organometallic materials. Natural and synthetic zeolites belong to the same family of porous, hydrated aluminosilicates. Their distinct crystal structure makes them effective molecular sieves, which is their primary commercial application. Most industrial catalysts are metals because metals have many valence electrons, which the catalysts can use to speed up chemical reactions before reclaiming.
Catalysts are substances that accelerate a reaction without being consumed or transformed in the process, or otherwise altering the system's overall thermodynamics. The Catalyst Market relies heavily on industrial catalysts to slow the decline of crucial infrastructure applications. Applications minimize emissions of nitrogen oxides, cut down on the use of volatile organic compounds, and provide catalytic technology to swap out chlorine-based intermediate chemical synthesis for waste-minimization purposes, all of which improve air quality. Catalysts are used to improve the selectivity and efficiency of chemical reactions, allowing for the more effective elimination of large quantities of waste chemicals.
Increased reaction speeds allow for substantial output within the required temperature range. The use of industrial catalysts in the refining of petroleum products results in cleaner fuels that include less sulfur and nitrogen. Catalysts are also used in the production of pharmaceutical and food goods as intermediate compounds. These catalysts are crucial to the discovery of new energy sources and the improvement of existing technologies for CO2 upgrading and climate change mitigation.
Every single business makes use of industrial catalysts. You'll need them to make vitriol, aqua fortis, ammonia, aromatics, and ethanol in your first chemistry class. They play an important role in the production of intermediate polymers and compounds in the field of petrochemistry. Industrial catalysts are typically used in oil refineries for hydro treatments and fluid catalytic cracking reactions, and in technologies for pollutant removal. They are used in the synthesis of active molecules and intermediates in the manufacture of fine chemicals.
The new coronavirus pandemic is unprecedented, having impacted over 180 nations with devastating human and economic costs. Due to its reliance on oil & gas, chemical manufacturing, polymer catalysis, automotive, and other sectors, the catalysts market has been badly impacted in the wake of the COVID-19 epidemic. Energy and Economic Growth Survey predicts that the oil and gas industry will shrink by an average of -2.8% in 2020. The use of catalysts in automobiles has decreased as a result of more than 100 countries closing their borders to transportation and non-essential trade operations. In addition, demand-supply disruptions have occurred as a result of the temporary closure of oil refineries during the COVID-19 period. Specifically, in April 2020, central public sector enterprise (CPSE) refineries produced 7,103.76 thousand metric tons (TMT) of crude oil, which is 28.91% lower than the target for the month and 36.93% lower than the production achieved in the corresponding month of 2019. Catalysts are frequently utilized in oil refineries for processes like desulfurization and fluid catalytic cracking (FCC), but the COVID-19 crisis has had a devastating impact on the market for these products.
Report Coverage
Global Catalyst research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Catalyst report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Catalyst competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Catalyst market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Catalyst market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Catalyst market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
JOHNSON MATTHEY, DORF KETAL CHEMICALS (I) PVT. LTD., EXXONMOBIL CORPORATION, CLARIANT AG, DOW CHEMICAL COMPANY, BASF SE, CHEVRON PHILLIPS CHEMICAL COMPANY LLC, EVONIK INDUSTRIES AG, ALBEMARLE CORPORATION, W.R. GRACE & CO., Akzonobel N.V., HalderTopsoe A/S
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Catalyst market based on the below-mentioned segments:
Global Catalyst Market, By Type
Zeolites
Metals
Chemical Compounds
Enzymes
Organometallic Materials
Global Catalyst market, By Application
Petroleum Refining
Chemical Synthesis
Polymer Catalysis
Environmental
Global Catalyst market, Regional Analysis
The activation energy of a chemical reaction can be sped up or slowed down with the help of a catalyst. They are not used up in the process itself, and treated spent catalysts can be utilized again. Catalysts come in a vast variety, from zeolites and metals to chemical compounds and enzymes, to organometallic materials. Natural and synthetic zeolites belong to the same family of porous, hydrated aluminosilicates. Their distinct crystal structure makes them effective molecular sieves, which is their primary commercial application. Most industrial catalysts are metals because metals have many valence electrons, which the catalysts can use to speed up chemical reactions before reclaiming.
Catalysts are substances that accelerate a reaction without being consumed or transformed in the process, or otherwise altering the system's overall thermodynamics. The Catalyst Market relies heavily on industrial catalysts to slow the decline of crucial infrastructure applications. Applications minimize emissions of nitrogen oxides, cut down on the use of volatile organic compounds, and provide catalytic technology to swap out chlorine-based intermediate chemical synthesis for waste-minimization purposes, all of which improve air quality. Catalysts are used to improve the selectivity and efficiency of chemical reactions, allowing for the more effective elimination of large quantities of waste chemicals.
Increased reaction speeds allow for substantial output within the required temperature range. The use of industrial catalysts in the refining of petroleum products results in cleaner fuels that include less sulfur and nitrogen. Catalysts are also used in the production of pharmaceutical and food goods as intermediate compounds. These catalysts are crucial to the discovery of new energy sources and the improvement of existing technologies for CO2 upgrading and climate change mitigation.
Every single business makes use of industrial catalysts. You'll need them to make vitriol, aqua fortis, ammonia, aromatics, and ethanol in your first chemistry class. They play an important role in the production of intermediate polymers and compounds in the field of petrochemistry. Industrial catalysts are typically used in oil refineries for hydro treatments and fluid catalytic cracking reactions, and in technologies for pollutant removal. They are used in the synthesis of active molecules and intermediates in the manufacture of fine chemicals.
The new coronavirus pandemic is unprecedented, having impacted over 180 nations with devastating human and economic costs. Due to its reliance on oil & gas, chemical manufacturing, polymer catalysis, automotive, and other sectors, the catalysts market has been badly impacted in the wake of the COVID-19 epidemic. Energy and Economic Growth Survey predicts that the oil and gas industry will shrink by an average of -2.8% in 2020. The use of catalysts in automobiles has decreased as a result of more than 100 countries closing their borders to transportation and non-essential trade operations. In addition, demand-supply disruptions have occurred as a result of the temporary closure of oil refineries during the COVID-19 period. Specifically, in April 2020, central public sector enterprise (CPSE) refineries produced 7,103.76 thousand metric tons (TMT) of crude oil, which is 28.91% lower than the target for the month and 36.93% lower than the production achieved in the corresponding month of 2019. Catalysts are frequently utilized in oil refineries for processes like desulfurization and fluid catalytic cracking (FCC), but the COVID-19 crisis has had a devastating impact on the market for these products.
Report Coverage
Global Catalyst research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Catalyst report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Catalyst competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Catalyst market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | JOHNSON MATTHEY, DORF KETAL CHEMICALS (I) PVT. LTD., EXXONMOBIL CORPORATION, CLARIANT AG, DOW CHEMICAL COMPANY, BASF SE, CHEVRON PHILLIPS CHEMICAL COMPANY LLC, EVONIK INDUSTRIES AG, ALBEMARLE CORPORATION, W.R. GRACE & CO., Akzonobel N.V., HalderTopsoe A/S |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Catalyst Market from 2021 to 2030.
- Market Forecast for Catalyst Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Catalyst competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Catalyst
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Catalyst market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Catalyst market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
JOHNSON MATTHEY, DORF KETAL CHEMICALS (I) PVT. LTD., EXXONMOBIL CORPORATION, CLARIANT AG, DOW CHEMICAL COMPANY, BASF SE, CHEVRON PHILLIPS CHEMICAL COMPANY LLC, EVONIK INDUSTRIES AG, ALBEMARLE CORPORATION, W.R. GRACE & CO., Akzonobel N.V., HalderTopsoe A/S
Primary Target Market
- Market Players of Catalyst
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Catalyst market based on the below-mentioned segments:
Global Catalyst Market, By Type
Zeolites
Metals
Chemical Compounds
Enzymes
Organometallic Materials
Global Catalyst market, By Application
Petroleum Refining
Chemical Synthesis
Polymer Catalysis
Environmental
Global Catalyst market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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