(MENAFN- GlobeNewsWire - Nasdaq) The Global Chemical Catalyst market Size was Valued at USD 40.52 Billion in 2023 and the Worldwide Chemical Catalyst Market Size is Expected to Reach USD 64.10 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: W. R. Grace & Co., Evonik Industries AG, Haldor Topsoe A/S, Arkema SA, UOP LLC, ExxonMobil Corporation, Sinopec Catalyst Company, LyondellBasell Industries N.V., Royal Dutch Shell PLC, DuPont de Nemours, Inc., Chevron Phillips Chemical Company LLC, BASF SE, Clariant AG, Johnson Matthey PLC, Albemarle Corporation, and Others Key Vendors.
New York, United States , Sept. 09, 2024 (GLOBE NEWSWIRE) -- The Global Chemical Catalyst Market is to Grow from USD 40.52 Billion in 2023 to USD 64.10 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.69% during the projected period.
Get a Sample PDF Brochure:
An element known as a catalyst is one that, if not consumed by the chemical reaction, would accelerate it. During a chemical reaction, reactants, or starting chemicals, transform into products, or other substances with new properties. Reactants are consumed and utilized to create products during a reaction. In the industrial manufacturing of chemicals, polymers, medicines, biofuels, and food items, catalysts are employed. Most compounds that are marketed for sale require the use of a catalyst during their production. The production of sulfuric acid, which is used to remove rust and as a precursor to phosphoric acid, the refinement of petroleum, the synthesis of ammonia, and the regulation of automobile emissions are a few notable processes that are facilitated by catalysis. However, the market's expansion could be constrained by the rising cost of raw materials.
Browse key industry insights spread across 245 pages with 104 Market data tables and figures & charts from the report on the " Global Chemical Catalyst Market Size, Share, Growth, and Industry Analysis, By Type (Heterogeneous, and Homogeneous), By Material (Metal and Metal Oxides, Zeolites, and Chemical Compound), By Form (Powder, Bead, Extrudate, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
Buy Now Full Report:
The heterogeneous segment has the most market share within the projected time.
Based on type, the chemical catalyst is divided into heterogeneous and homogeneous. Among these, the heterogeneous segment has the most market share within the projected time. Heterogeneous catalysts are widely used in industrial processes such as chemical synthesis and petrochemical refining due to their ease of separation and reusability. The primary drivers of demand are the growing petrochemical industry and the requirement for more efficient and environmentally friendly chemical transformations. Heterogeneous catalysts provide several advantages, including low cost, easy catalyst/product separation, easy reusability, and higher reaction rate and selectivity. The creation of solid-phase transesterification catalysts is becoming more and more popular as a result of these factors. The current study examines the use of heterogeneous catalysts in the reliable production of biodiesel from microalgal oil, comparing it to other easily accessible feedstocks.
The metal and metal oxides category are expected to hold the largest market share.
Based on material, the chemical catalyst is classified into metal and metal oxides, zeolites, and chemical compound. Among these, the metal and metal oxides category is expected to hold the largest market share. Metal catalysts are employed in many different processes, such as hydrogenation, oxidation, and hydrogen generation. Materials based on nickel, palladium, and platinum make up these catalysts. The growing applications of metal catalysts in the pharmaceutical and petroleum industries are driving the market demand. Metal oxides are now an important part of decarbonization plans and the expansion of industry. New catalytic methods for non-thermal reactions, energy storage technologies, and environmental restoration via the removal or degradation of dangerous compounds emitted during production processes are also being developed.
The powder form segment has the biggest market share during the forecast period.
Based on form the chemical catalyst is classified into powder, bead, extrudate, others. Among these, the powder form segment has the biggest market share during the forecast period. The powder form of catalysts is versatile and widely used in a wide range of catalytic processes, such as chemical synthesis, petrochemical refining, and environmental applications. Their large surface area and ease of handling are what generate demand for them. As chemical catalysts, synthetic zeolites are widely used in petrochemical reactions and refining processes. Before these materials can be employed in industrial reactors, they must first be molded from their synthetic powder state.
Inquire Before Buying This Research Report:
Asia-Pacific is having the biggest share of the global chemical catalyst market over the forecast period.
The primary factors propelling the market's revenue growth in Asia Pacific are the market's substantial investments in the enhancement of existing capabilities and the growing focus on environmentally friendly products. For instance, to meet the increasing demand for high-performance chemical catalysts in end-use industries in China and Asia Pacific, BASF SE invested in its global chemical catalyst production facility in the area. The German group's facility in the Shanghai Chemical Industry Park in Caojing, China, produces base metal catalysts, customized catalysts, and adsorbents that are utilized in the production of butanediol, sulfuric acid, and fatty alcohols in addition to the purification of olefins.
Europe is predicted to grow fastest pace throughout the forecast period. The increasing focus on improving air quality via the use of catalytic emissions-reducing technologies and catalysts that use less energy is one of the key reasons driving the market's revenue growth in this area. Moreover, a primary driver of the revenue growth in the European market is the presence of renowned organizations such as Catalysts Europe and others that assess the consequences of regulatory requirements on catalysts across the continent.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global chemical catalyst market include, W. R. Grace & Co, Evonik Industries AG, Haldor Topsoe A/S, Arkema SA, UOP LLZ, ExxonMobil Corporation, Sinopec Catalyst Company, LyondellBasell Industries N.V, Royal Dutch Shell PLC, DuPont de Nemours, Inc, Chevron Phillips Chemical Company LLC, BASF SE, Clariant AG, Johnson Matthey PLC, Albemarle Corporation, and Others.
Get Discount At @
Recent Developments
In April 2024, the newest offering from specialty chemical company Clariant, which is committed to sustainability, is the propane dehydrogenation catalyst CATOFIN 312. Significant advantages of this catalyst include enhanced selectivity and a 20% lifespan increase.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global chemical catalyst market based on the below-mentioned segments:
Global Chemical Catalyst Market, By Type
Heterogeneous Homogeneous
Global Chemical Catalyst Market, By Material
Metal and Metal Oxides Zeolites Chemical Compound
Global Chemical Catalyst Market, By Form
Powder Bead Extrudate Others
Global Chemical Catalyst Market, By Regional
North America Europe Germany Uk France Italy Spain Russia Rest of Europe
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 the Middle East & Africa
Browse Related Reports
Global Chemical Distribution Market Size , Share, Growth, and Industry Analysis, By Type (Specialty Chemicals, and Commodity Chemicals), By End User (Automotive, Construction, Oil & Gas, Petroleum, and Other), and Regional Chemical Distribution and Forecast to 2033
Global Chemical Catalyst Market Size , Share, Growth, and Industry Analysis, By Type (Heterogeneous, and Homogeneous), By Material (Metal and Metal Oxides, Zeolites, and Chemical Compound), By Form (Powder, Bead, Extrudate, and Other), and Regional Chemical Catalyst and Forecast to 2033
Global Research Department Explosive Market Size , Share, and COVID-19 Impact Analysis, By Type (Explosives, Pyrotechnics, and Others), By Applications (Military (Melt Cast & Pressed Explosives), Civilian (Fireworks, Demolition Blocks), and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Global Iron Phosphate Market Size , Share, and COVID-19 Impact Analysis, By Type (Ferrous Phosphate, Ferric Pyrophosphate, and Others), By Application (Pharmaceutical, Food & Beverage, Paint & Coatings, Fertilizers, Animal Feed, Steel Manufacturing, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: + 1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: ... , ...
Contact Us:
Follow Us: LinkedIn | Facebook | Twitter
MENAFN09092024004107003653ID1108650532