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Global Catalyst Market by Product (Heterogeneous, Homogeneous), by Raw Material (Chemical Compounds, Zeolites, Metals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: PH-74653
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 67
  • No. Of Pages: 214
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global catalyst market was valued at USD 33,9 billion in 2019. It is projected to grow at a compound annual rate (CAGR), of 4.4% between 2020 and 2027. Global manufacturers are looking for ways to optimize their processes, improve yields, save money and reduce energy. Environmental catalysts are also required to meet strict regulations regarding NOx, SOx, and carbon dioxide emissions. The demand for catalysts has increased due to shifting energy trends, such as biodiesel or shale gas fuel. Manufacturers looking to increase the value of their feedstocks or refine by producing value-added chemicals like methanol and polyolefins have fueled the demand for catalysts in petrochemicals applications.

Due to the unprecedented COVID-19 outbreak, which led to the closures of many factories and manufacturing facilities, there has been a substantial decline in oil demand, the first such situation in a decade. Oil prices have also fallen due to the ongoing price war between Russia, Saudi Arabia and Kazakhstan.

Due to national lockdowns and a halt to air travel, global fuel demand will drop by 15%-10% in Q2, 2020. A lot of plants were shut down, while some are still running, which could impact market demand, especially in Iran, the U.S. and other countries that have suffered the most.

Raw Material Insights

With a 38.3% market share in 2019, chemical compounds were the dominant segment of the raw material market. Many applications of chemical compounds, including sulfuric acid and hydrofluoric acids, are made possible by catalyst raw materials.

The noble metals that are used in dehydrogenation or hydrogenation include gold and copper, as well as non-noble (tungsten, molybdenum) and other key catalyst raw materials such as nickel, cobalt, and palladium. These metals speed up the process of breaking down and rearranging aromatics and other olefins in order to make fractions like alkanes or naphthenes.

Zeolites, which are a type of raw material that is used in catalysts in addition to metals and chemical compound, are also used in catalyzing or adsorbent applications. This is due to their porosity as well as large surface areas. Because of their porous structure, zeolites can support a variety of ions. These ions can be obtained from nature, but they can also be made commercially through crystallization reactions.

Product Insights

Heterogeneous catalysts were the most prominent product segment in the market, accounting for 72.1% of the total market value in 2019. To reduce their toxicity, homogeneous catalysts can be converted to heterogeneous ones using solid supports. Examples of heterogeneous catalysts are sulfated zirconia and sulfonated CO materials, sulfonated silicon materials, and the sulfonated MOFs material.

Heterogeneous catalyst applications offer many benefits, including ease of use, economical separation of catalyst and products, as well as easy application. These are all factors that will drive the market. The market is expected to grow faster if heterogeneous catalysts are accepted over homogenous ones for biodiesel production.

These homogeneous catalysts can be used to produce boric acid and phosphoric acids, hydrochloric, p-toluenesulfonic, sulfuric, and hydrochloric acids. These catalysts have been shown to perform better in industrial and raw material reaction than their heterogeneous counterparts. These processes can produce large amounts of toxic waste that poses a threat to the environment. This has led to the demand for eco-friendly catalysts. Biodegradable homogenous catalysts like methanesulfonic (MSA), have helped meet these needs.

Application Insights

The market's most prominent application segment was chemical synthesis, which had a 26.3% value share for heterogeneous catalytic in 2019. Chemical synthesis encompasses raw material and in material chemistry. Processes such as Contact, Haber and converting ammonia to nitric acid all require the use of catalysts. Global chemical industry growth will increase catalyst demand during the forecast period.

Chemical synthesis catalysts are well-known for their superior properties and properties, such as the promotion and activation of alkyne activation and enantioselective process, and alkene activation. They are also cost-competitive and do not require any additional ligands. These factors all contribute to the increase in the use of catalysts for chemical synthesis and the drive for segment growth.

Catalysts are used for chemical synthesis and in cracking feedstock components in petroleum refinery to increase the quality of high-quality products. A catalyst is a tool that optimizes hydrocracking processes and provides cost-saving and energy-saving advantages. This has helped to boost the market for petroleum refining applications.

Regional Insights

Asia Pacific will likely account for 33.7% of global value in 2019, thanks to the dominance by China's automobile, petrochemicals and polymer industries. China was home to a large number of chemical and polymer production firms. This helped China to become a major manufacturing destination for chemical, petrochemical and other products. The growing FDI investment and lucrative growth opportunities offered by developing countries like India and Vietnam further enhance the market growth in Asia Pacific.

North America is the second largest market. This is due to evolving automotive mandates and low sulfur standards. There will be an increase in gasoline consumption in the U.S., which will lead to a greater demand for catalysts that can transform heavy crude oil into lighter fractions like kerosene and diesel. The growth of the oil and gas, and chemical industries in Mexico are key factors in North American market growth.

Due to the dominance of the oil and gas industries in Oman, Kuwait and Qatar, as well as their market share of 6.5% in 2019, the Middle East and Africa is expected to offer lucrative opportunities for petroleum refining catalysts. Chemical manufacturers are expected to increase their production of polymers and other petrochemicals in Middle East due to a surge in demand from the automotive, construction, packaging and pharmaceutical industries.

Market Share Insights & Key Companies

Albemarle Corporation, Johnson Matthey Plc and Johnson Matthey Plc have significant market share in terms segmental revenue. They have global operations and a diverse product portfolio. The market leaders have prominent operational strategies, including positioning in high-growth markets like India and Vietnam, acquisitions and alliances, investments and the building and operation of fully optimized supply chains. Manufacturers are focusing on product development in the areas of in-house R&D and sustainable production, as well as technology licensing and custom product offerings. The manufacturers have been able to expand production in accordance with changing automotive mandates, maintain long-term supply agreements with refineries and other petrochemical plants, and integrate their businesses and license technology. This has helped them remain competitive and maintain steady sales. The following are some of the most prominent players in this catalyst market:

  • Albemarle Corporation

  • Haldor Topsoe A/S

  • BASF SE

  • Evonik Industries AG

  • LyondellBasell Industries Holdings B.V.

Up Market Research published a new report titled “Catalyst Market research report which is segmented by Product (Heterogeneous, Homogeneous), by Raw Material (Chemical Compounds, Zeolites, Metals), By Players/Companies BASF SE, Haldor Topsoe A/S, Evonik Industries AG, LyondellBasell Industries Holdings BV, Albemarle Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleCatalyst Market Research Report
By ProductHeterogeneous, Homogeneous
By Raw MaterialChemical Compounds, Zeolites, Metals
By CompaniesBASF SE, Haldor Topsoe A/S, Evonik Industries AG, LyondellBasell Industries Holdings BV, Albemarle Corporation
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages214
Number of Tables & Figures150
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Catalyst Industry Outlook

Global Catalyst Market Report Segments:

The market is segmented by Product (Heterogeneous, Homogeneous), by Raw Material (Chemical Compounds, Zeolites, Metals).

Catalyst Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Catalyst Market

Overview of the regional outlook of the Catalyst Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Catalyst Market Overview

Highlights of The Catalyst Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Catalyst Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Heterogeneous

                2. Homogeneous

        7. By Raw Material:

                1. Chemical Compounds

                2. Zeolites

                3. Metals

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Catalyst Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Catalyst Market Trends

Reasons to Purchase the Catalyst Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Catalyst Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Catalyst Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Catalyst Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Catalyst Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Catalyst Market Size & Forecast, 2018-2028 
      4.5.1 Catalyst Market Size and Y-o-Y Growth 
      4.5.2 Catalyst Market Absolute $ Opportunity 


Chapter 5 Global Catalyst Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Catalyst Market Size Forecast by Product
      5.2.1 Heterogeneous
      5.2.2 Homogeneous
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Catalyst Market Analysis and Forecast by Raw Material
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Raw Material
      6.1.2 Basis Point Share (BPS) Analysis by Raw Material
      6.1.3 Absolute $ Opportunity Assessment by Raw Material
   6.2 Catalyst Market Size Forecast by Raw Material
      6.2.1 Chemical Compounds
      6.2.2 Zeolites
      6.2.3 Metals
   6.3 Market Attractiveness Analysis by Raw Material

Chapter 7 Global Catalyst Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Catalyst Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Catalyst Analysis and Forecast
   9.1 Introduction
   9.2 North America Catalyst Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Catalyst Market Size Forecast by Product
      9.6.1 Heterogeneous
      9.6.2 Homogeneous
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Catalyst Market Size Forecast by Raw Material
      9.10.1 Chemical Compounds
      9.10.2 Zeolites
      9.10.3 Metals
   9.11 Basis Point Share (BPS) Analysis by Raw Material 
   9.12 Absolute $ Opportunity Assessment by Raw Material 
   9.13 Market Attractiveness Analysis by Raw Material

Chapter 10 Europe Catalyst Analysis and Forecast
   10.1 Introduction
   10.2 Europe Catalyst Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Catalyst Market Size Forecast by Product
      10.6.1 Heterogeneous
      10.6.2 Homogeneous
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Catalyst Market Size Forecast by Raw Material
      10.10.1 Chemical Compounds
      10.10.2 Zeolites
      10.10.3 Metals
   10.11 Basis Point Share (BPS) Analysis by Raw Material 
   10.12 Absolute $ Opportunity Assessment by Raw Material 
   10.13 Market Attractiveness Analysis by Raw Material

Chapter 11 Asia Pacific Catalyst Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Catalyst Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Catalyst Market Size Forecast by Product
      11.6.1 Heterogeneous
      11.6.2 Homogeneous
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Catalyst Market Size Forecast by Raw Material
      11.10.1 Chemical Compounds
      11.10.2 Zeolites
      11.10.3 Metals
   11.11 Basis Point Share (BPS) Analysis by Raw Material 
   11.12 Absolute $ Opportunity Assessment by Raw Material 
   11.13 Market Attractiveness Analysis by Raw Material

Chapter 12 Latin America Catalyst Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Catalyst Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Catalyst Market Size Forecast by Product
      12.6.1 Heterogeneous
      12.6.2 Homogeneous
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Catalyst Market Size Forecast by Raw Material
      12.10.1 Chemical Compounds
      12.10.2 Zeolites
      12.10.3 Metals
   12.11 Basis Point Share (BPS) Analysis by Raw Material 
   12.12 Absolute $ Opportunity Assessment by Raw Material 
   12.13 Market Attractiveness Analysis by Raw Material

Chapter 13 Middle East & Africa (MEA) Catalyst Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Catalyst Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Catalyst Market Size Forecast by Product
      13.6.1 Heterogeneous
      13.6.2 Homogeneous
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Catalyst Market Size Forecast by Raw Material
      13.10.1 Chemical Compounds
      13.10.2 Zeolites
      13.10.3 Metals
   13.11 Basis Point Share (BPS) Analysis by Raw Material 
   13.12 Absolute $ Opportunity Assessment by Raw Material 
   13.13 Market Attractiveness Analysis by Raw Material

Chapter 14 Competition Landscape 
   14.1 Catalyst Market: Competitive Dashboard
   14.2 Global Catalyst Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 BASF SE
      14.3.2 Haldor Topsoe A/S
      14.3.3 Evonik Industries AG
      14.3.4 LyondellBasell Industries Holdings BV
      14.3.5 Albemarle Corporation
Segments Covered in the Report
The global Catalyst market has been segmented based on

By Product
  • Heterogeneous
  • Homogeneous
By Raw Material
  • Chemical Compounds
  • Zeolites
  • Metals
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BASF SE
  • Haldor Topsoe A/S
  • Evonik Industries AG
  • LyondellBasell Industries Holdings BV
  • Albemarle Corporation

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