What Is The Current and Historic Market Size Analysis Of The Heterogeneous Catalyst Market?
The heterogeneous catalyst market has seen considerable growth due to a variety of factors.
• The heterogeneous catalyst market has seen steady growth in recent years. It will rise from $27.92 billion in 2024 to $29.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.3%.
The growth is due to the expanded use of catalysts in the automotive sector, the increasing need for emissions control, greater biofuel production, higher demand for hydrogen, and a surge in demand for zeolites.
What Are The Predictions for The Heterogeneous Catalyst Market in the Coming Years?
The heterogeneous catalyst market is expected to maintain its strong growth trajectory in upcoming years.
• The heterogeneous catalyst market is expected to grow to $37.37 billion by 2029, at a CAGR of 5.9%.
This growth is driven by the need for efficient and sustainable chemical processes, stringent environmental regulations, and the transition to cleaner energy sources. Trends include advancements in nanotechnology, the demand for new catalyst materials, catalytic converter innovations, chemical synthesis demand, and metal-based catalysts.
Which Drivers Are Accelerating Growth In The Heterogeneous Catalyst Market?
The growing demand for chemicals is expected to spur the growth of the heterogeneous catalyst market. The demand for chemicals is rising due to industrial, pharmaceutical, and agricultural growth, as well as innovations in technology and a shift toward sustainable practices. Heterogeneous catalysts are essential in improving the efficiency, scalability, and environmental sustainability of chemical processes. According to the US Bureau of Labor Statistics, the value of chemical manufacturing exports from the U.S. reached $288.0 billion in 2022, marking a 13.4% increase from 2021. This surge in chemical demand is expected to drive the heterogeneous catalyst market.
What Are The Core Segments Of The Global Heterogeneous Catalyst Market?
The heterogeneous catalyst market covered in this report is segmented –
1) By Product: Metal-Based, Chemical-Based, Zeolites-Based, Other Products
2) By Application: Petroleum Refining, Chemical Synthesis, Environmental Catalysis, Polymerization, Hydrogenation, Other Applications
3) By End-User Industry: Oil And Gas, Chemicals And Petrochemicals, Environmental, Other End-User Industries
Subsegments:
1) By Metal-Based: Precious Metal Catalysts, Base Metal Catalysts, Bimetallic Catalysts, Alloy Catalysts
2) By Chemical-Based: Acid Catalysts, Base Catalysts, Organocatalysts, Ionic Liquid Catalysts
3) By Zeolites-Based: Natural Zeolites, Synthetic Zeolites, High-Silica Zeolites, Mordenite And Clinoptilolite Zeolites, Zeolite Y, ZSM-5, And Other Specific Types
4) By Other Products: Supported Catalysts, Enzyme Catalysts, Oxide-Based Catalysts, Carbon-Based Catalysts, Photocatalysts And Nanocatalysts
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What Trends Are Shaping The Heterogeneous Catalyst Market?
Leading firms in the heterogeneous catalyst market are concentrating on the creation of ground-breaking products, such as propane dehydrogenation (PDH) catalysts, to improve the efficiency of PDH catalysts in large-scale propylene manufacturing. PDH catalysts, a form of heterogeneous catalyst, primarily convert propane into propylene by extracting hydrogen. Clariant, a Swiss chemical firm, brought to market CATOFIN 312, their newest propane dehydrogenation catalyst, in April 2024, for instance. The CATOFIN 312 catalyst belongs to Clariant's CATOFIN technology family, known for generating olefins like propylene, isobutylene, and butylene/butadiene. This technology combines custom catalysts and Heat Generating Material (HGM) from Clariant with Lummus's advanced process, cementing its status as one of the fastest growing technologies for propylene production.
Who Are the Key Players In The Heterogeneous Catalyst Market?
Major companies operating in the heterogeneous catalyst market are:
• Shell Plc
• BASF SE
• ExxonMobil Chemical
• Rio Tinto Ltd.
• SABIC Corp.
• LyondellBasell Industries Holdings B.V.
• Honeywell International Inc.
• Heraeus Group
• Evonik Industries AG
• Johnson Matthey Plc
• Sinopec Group
• Solvay SA
• DuPont de Nemours Inc
• Arkema Group
• INEOS Group AG
• Albemarle Corporation
• Clariant International AG
• JGC Catalysts and Chemicals Ltd
• Umicore NV
• Haldor Topsoe A/S
• Axens SA
• Gelest Inc.
• Zeolyst International Inc
• AGGARWAL Chempack Industries Private Limited
• W.R. Grace & Co
What Are The Regional Insights Into The Heterogeneous Catalyst Market?
Asia-Pacific was the largest region in the heterogeneous catalyst market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heterogeneous catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
