Global Catalyst Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

                                          
Global Catalyst Market 2021: By Raw Material (Chemical Compounds, Metals), By Product (Heterogenous, Homogeneous), By Application ( Petroleum Refining, Polymers & Petrochemicals, Environmental)

Global Catalyst Market is the title of a report recently produced by Trusted Business Insights, after a thorough analysis and study on the global market. Trends, restraints, opportunities, drivers, and threats are also explained in detail in the report.  The report also offers insightful and detailed profiles of the key players in the global market. 

The Global Catalyst market size was valued at USD $35.31 Billion in 2020, USD $36.93 Billion in 2021, forecasted to reach  USD $38.62 Billion in 2022, and is projected to reach USD $55.2 Billion by 2030, and is anticipated to expand at a CAGR of 4.57% over the forecast period from 2020 to 2030.

Overview

A catalyst is a substance, which is used to speed up a chemical reaction but during the process, it is not consumed by the chemical reaction. Therefore, catalysts are recovered chemically unchanged once the chemical reaction, for which the catalyst used to speed up, is over. Most of the solid catalysts are halides of metallic elements and metals or oxides, sulfides, and of the semi-metallic elements including aluminum, boron, and silicon. Catalysts play a very vital role in the various production processes of polymers, petroleum, chemicals, and many other commercially important products. Catalysts speed up chemical reactions by changing reaction mechanisms or reducing activation energy. Enzymes, which are proteins, are used as catalysts in various biochemical reactions. There are different types of catalysts including heterogeneous catalysts, homogeneous catalysts, and biocatalysts. There are also some less common catalyst activities such as environmental catalysis, photo catalysis, and green catalytic processes. A small quantity of catalyst is enough to catalyze unlimited chemical reactions. A catalyst does not start a reaction but its function is to speed up reaction. A catalyst generally has a specific nature, which means a catalyst used to speed up a chemical reaction fails to catalyze other reactions.

Dynamics

The major factors driving growth of the global catalyst market are its use in reducing manufacturing costs and environmental pollution. Another factor expected to drive growth of the market over the forecast period is growing demand for polymers from various end-use industries including electrical and electronics and automotive. Catalysts are widely used in electronics and electrical industries as a vital component in the synthesis process. In addition, growing product demand by manufacturers from automotive industries to adhere to various carbon emission norms is expected to drive demand for the product in the global catalyst market over the forecast period. Owing to growing demand from end-use industries such as electrical and electronic appliances, plastics, and rubber, chemical industry in the US is expected to grow over the forecast period. This, in turn, is expected to drive demand for catalysts in the global catalyst market over the forecast period. Moreover, growing demand for diesel-powered vehicles is projected to support growth of the market. Also, increasing demand from industries such as aerospace sectors and the military for advanced polymer composites is projected to further drive growth of the market over the forecast period.

Global Catalyst Market Segment Analysis:

By Raw Material: Among the raw material segments, the chemical compounds segment is projected to account for the highest revenue share in the global market and is projected to continue over the forecast period. This growth of the segment is attributed to rising use by various end-use industries.

By Product: The heterogeneous segment has been gaining traction among the product segments compared to the other segment, owing to increasing usage by various end-use industries.

Below are the leading companies profiled in this Catalyst Market Report:

  
Akzo Nobel N.V.
  
Albemarle Corporation Johnson Matthey
  
Arkema S.A.
  
BASF SE
  
Borealis AG
  
Chevron Phillips Chemical Company LP
  
Clariant AG
  
CRI Catalyst Company
  
Dorf Ketal Chemicals (I) Pvt. Ltd.
  
Dow Chemical Company
  
E. I. du Pont de Nemours and Company
  
Evonik Industries AG
  
Exxonmobil Corporation
  
Haldor Topsoe A/S
  
Honeywell International Incorporated
  
Johnson Matthey PLC
  
LyondellBasell Industries Holdings B.V.
  
Royal Dutch Shell PLC
  
Sinopec Corp
  
Total SA
  
W.R. Grace & Company
  
Zeolyst International Inc.

Global Catalyst Market Regional Analysis:

The market in Asia Pacific is expected to dominate the global catalyst market in terms of revenue share over the forecast period. This is attributed to rapid development of the chemical industry, especially in developing economies such as India and China

Global Catalyst Market Segmentation:

By Raw Material

Chemical Compounds

  
Acids
  
Peroxides
  
Amines & Others

Metals

  
Precious Metals
  
Base Metals
  
Zeolites
  
Others

By Product:

  
Heterogenous
  
Homogeneous

By Application:

  
Chemical Synthesis
  
Chemical Catalysts
  
Adsorbents
  
Polyolefins
  
Others

Petroleum Refining

  
FCC
  
Alkylation
  
Hydrotreating
  
Hydrocracking
  
Catalytic Reforming
  
Others

Polymers & Petrochemicals

  
Ziegler Natta
  
Reaction Initiator
  
Chromium
  
Urethane
  
Single-Site
  
Others

Environmental

  
Light-Duty Vehicles
  
 Motorcycles
  
Heavy-Duty Vehicles
  
Others
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Catalyst market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Catalyst market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Catalyst market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Catalyst market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Catalyst market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Catalyst market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Catalyst industry?