What Has Been the Growth Trajectory for the Inorganic Catalyst Market in Recent Years?
The inorganic catalyst market has seen considerable growth due to a variety of factors.
• The market size of inorganic catalysts has been experiencing consistent growth over the past few years. The market, which was valued at $26.81 billion in 2024, is projected to reach $27.99 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.4%. The growth observed during the historical period is linked to changes in chemical production methods, emphasis on catalytic efficiency, industrial automation, international market development, as well as research and development activities.
What Is The Expected Growth In The Inorganic Catalyst Market?
The Inorganic Catalyst market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the inorganic catalyst market is predicted to witness substantial expansion in the forthcoming years, increasing to $34.58 billion in 2029 with a compound annual growth rate (CAGR) of 5.4%.
Various factors such as industrial growth and expansion, the energy sector demand, an increased need for specialty chemicals, and a focus on sustainable practices contribute to the growth during the forecast period. Key trends for the period include the digitization and automation of the industry, stringent environmental regulations, a shift towards sustainable chemistry, a surge in demand in the petrochemical industry, and breakthroughs in nanotechnology.
What Main Forces Are Fueling Expansion In The Inorganic Catalyst Market?
The upward trend in demand for petrochemical and petroleum goods is predicted to spur the expansion of the inorganic catalysts market. Petrochemicals, which are chemical substances obtained from crude oil and petroleum, often employ inorganic catalysts like zeolite to optimize production and increase output. For example, in August 2023, the International Energy Agency (IEA), a France-based intergovernmental organization, reported a surge in global oil demand by 2.2 million barrels per day (mb/d) leading to a total demand of approximately 102 mb/d. This spike is mainly attributed to the robust revival of China's petrochemical industry, projected to contribute to almost 60% of the growth in demand. Hence, the escalating requirement for petroleum and petrochemical products is fueling the inorganic catalysts market.
What Are The Primary Segments In The Global Inorganic Catalyst Market?
The inorganic catalyst market covered in this report is segmented –
1) By Type: Zeolites, Metals, Chemical Compounds, Other Types
2) By Process: Recycling, Regeneration, Rejuvenation
3) By Applications: Petroleum Refining, Chemical Synthesis, Polymers And Petrochemicals, Environmental
Subsegments:
1) By Zeolites: Natural Zeolites, Synthetic Zeolites
2) By Metals: Noble Metals, Base Metals
3) By Chemical Compounds: Metal Oxides, Salts And Coordination Compounds
4) By Other Types: Heterogeneous Catalysts, Homogeneous Catalysts, Mixed Catalysts
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Which Key Trends Are Driving Changes In The Inorganic Catalyst Market?
Progress in technology is a leading trend gaining traction in the inorganic catalysts industry. Prominent players in the market are leveraging cutting-edge technologies like the tri-metal catalyst technology to maintain their market dominance. For example, in October 2023, Grace & Co, an American chemical firm, debuted the PARAGON™ FCC catalyst technology. The innovative PARAGON FCC catalyst integrates a novel, rare-earth-based Vanadium (V)-trapping mechanism into high matrix surface area FCC unit catalytic solutions. This PARAGONTM technology allows refiners to widen their FCC operational range and enhance their adaptability to process diverse feedstocks, thereby boosting their profit margins.
Who Are the Key Players In The Inorganic Catalyst Market?
Major companies operating in the inorganic catalyst market include:
• 3M Company
• Ahlstrom-Munksjö Oyj
• Lydall Performance Materials India LLP
• Nordic Air Filtration A/S
• Sandler AG
• Sefar AG
• Freudenberg Filtration Technologies India Private Limited
• Eaton Corporation Public Limited Company.
• Donaldson Company Inc.
• Alfa Laval India Private Limited
• Lenntech B.V
• W.L. Gore & Associates Inc.
• Hengst SE & Co. KG.
• BASF SE
• Johnson Matthey plc
• W.R. Grace & Co.
• Clariant AG
• Albemarle Corporation
• Evonik Industries AG
• Solvay S.A.
• Cataler Corporation
• Umicore N.V.
• Axens S.A.
• Haldor Topsoe A/S
• JGC C&C Co. Ltd.
• Zeolyst International Inc.
• Ceramisphere Pty Ltd.
• Applied Catalysts LLC
• CRI Catalyst Company LP
• KNT Group
• INTERCAT Inc.
• Silbond Corporation
• SACHEM Europe B.V.
What Is The Most Dominant Region In The Inorganic Catalyst Market?
Asia-Pacific was the largest region in the inorganic catalyst market share in 2024. The regions covered in the inorganic catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
