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Wednesday, October 6, 2021

Global Catalyst Market to be Driven by the Increasing Demand for Environmental Catalysts in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Catalyst Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report and Forecast 2021-2026’, gives an in-depth analysis of the global catalyst market, assessing the market based on its segments like material, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 34 billion
  • Forecast CAGR (2021-2026): 5%

Manufacturers all over the world are looking for process improvement, yield enhancement, cost-cutting, and energy-saving catalysts for chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental applications. As a result of changing energy trends involving renewable fuels such as biodiesel and shale gas fuel, catalyst demand has increased. Over the forecast period, demand for the product in petrochemical and chemical applications will be driven by manufacturers seeking to add value to their feedstock or refining by processing value-added petrochemicals and chemicals such as methanol and polyolefins.

Explore the full report with the table of contents@

Industry Definition and Major Segments

A catalyst refers to a substance that increases the rate of a chemical reaction without itself undergoing any permanent chemical change.

By material, the market is divided into:

The chemical compounds segment can be further categorised into peroxides, acids, amines, and others.

The metals segment is further classified into precious metals and base metals.

Based on product, the industry can be segmented into:

  • Heterogeneous
  • Homogeneous

The heterogeneous and homogeneous catalyst segment can be further divided on the basis of application into chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental.

Regionally, the market is categorised into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The rising use of catalysts in diverse industries such as chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental applications for process optimisation, yield improvement, cost-cutting, and energy-saving is a major factor driving the industry's growth. To extend their market scope and compete effectively in a highly competitive market, companies are expanding their catalyst production capacities through mergers and acquisitions. For example, in 2018, W.R. Grace Co. announced the acquisition of Albemarle Corporation's catalyst business. This acquisition has benefitted the company's polyolefin catalysts and components business.

Key Market Players

The major players in the market are Albemarle Corporation, Evonik Industries AG, Honeywell International Inc., BASF SE, and The Dow Chemical Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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