Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Industrial Catalyst Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Industrial Catalyst Market Grow Between 2024 and 2025?
The market size of the industrial catalyst industry has seen a consistent increase. The market is predicted to expand from $25.47 billion in 2024 to $26.59 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%.
How Much Will the Industrial Catalyst Market Be Worth in 2029?
The Industrial Catalyst market is projected to reach a size of $30.95 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.9%.
Download the Free Sample Now:
Which Industrial Catalyst Market Drivers Are Linked to Revenue Growth?
The key Drivers in the industrial catalyst market are:
• Increasing expansions in the petroleum industry
• Rising demands in hydrotreating and hydrocracking processes in the oil and gas sector
• High requirement for removing sulfur and nitrogen impurities for refined quality oil
• Upstream investments in oil and gas exploration, extraction, and production
Which Segments Are Expected to Grow in the Industrial Catalyst Market?
The industrial catalystmarket covered in this report is segmented –
1) By Type: Heterogeneous Catalysts, Homogeneous Catalysts, Biocatalysts
2) By Material: Metal, Chemical, Zeolites, Organometallic
3) By Application: Petroleum Refinery, Chemical Manufacturing, Petrochemicals, Food Processing, Automotive And Transportation, Other Applications
Explore the Complete Market Report:
What Are The Key Trends Impacting Growth In The Global Industrial Catalyst Market?
The key trends in the industrial catalyst market are:
• Advanced technologies such as additive manufacturing are being developed in the industrial catalyst market.
• The capability of 3D printing in catalyst production is an emerging trend.
• Future catalyst performance will increasingly depend upon customization based on specific customer conditions and needs.
• The market is seen to be moving towards achieving heightened reactor output, superior product quality, and lower energy consumption.
Who Are the Key Competitors in the Global Industrial Catalyst Market?
The key players in the industrial catalyst market are:
• Sinopec
• BASF SE
• The DOW Chemicals Company
• Lyondellbasell Industries Holdings B.V.
• Honeywell International Inc.
• Ineos Group Limited
• Johnson Matthey PLC
• Evonik Industries AG
• Chevron Philips Chemical Company
• Arkema S.A.
• Albemarle Corporation
• Dorf Ketal Chemicals India Pvt. Ltd.
• Clariant AG
• Umicore N.V.
• ExxonMobil Chemical
• W. R. Grace and Co.
• Axens SA
• Topsoe A/S
• Akzo Nobel N.V
• Criterion Catalysts & Technologies
• KNT Group
• Zeolyst International
• Anten Chemical Co. Ltd.
• JGC Catalysts and Chemicals Ltd.
• Univation Technologies LLC
Where Is the Industrial Catalyst Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the industrial catalyst market in 2024
