Global Industrial Catalyst Market Outlook to 2027
A catalyst is a material that speeds up the rate of chemical reactions without being part of the final product. In this sense, it accelerates or decelerates the time it takes for a product to emerge from the reaction of the reactants while remaining chemically unchanged. According to BlueQuark Research & Consulting, the global Industrial Catalyst market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Industrial Catalysts in the Petroleum industry, as selective catalysts, and zeolites catalyzing is used in breaking heavy hydrocarbons to produce gasoline with anti-knocking properties, are expected to drive the global market. Further, ammonia is the most commonly used catalyst in the agrochemical industryto make fertilizers essential for plant growth projected to drive the global market. Furthermore, catalysts that make chemical production processes safer, easier, and faster in the chemical industryare expected to drive market growth. However, many of the catalysts used in organic synthesis reactions are heavy metals that are rare and precious and can contaminate the environment if they are not disposed of properly. Organic solvents that are toxic or flammable are used in most organic synthetic reactions and are expected to hinderthe global market growth.
Industrial Catalyst is used in the petroleum industry, which provides a surface for reactants to adsorb onto and from which products to desorb from. It creates ammonia, synthesis gas, and some acids in the agrochemical industry. Silica, zirconia, alumina, active carbons, magnesia, and zeolites are essential industrial catalysts used in various chemical processes. Catalysts are used in the food production industries like breweries, beverage producers, and food producers. Platinum and palladium are used in the pharmaceutical industry for catalytic hydrogenation. The application for catalysts in the textile industry is for dyeing, finishing, and effluents treatment.
The Petroleum Industry is the most vital consumer of Industrial catalysts and is projected to drive the Global Market. Alkylation of light olefins with isobutane in the presence of hydrogen and metallic catalysts produces gasoline with low aromatic contents (benzene/naphthalene), making the Global Market for Industrial Catalysts is bound to rise. According to U.S. Energy Information Administration, crude oil and lease condensate reserves fell by 9 billion barrels in 2020, a 19% drop, while natural gas reserves fell by just over 22 trillion cubic feet, a decline of 4%. Sulfur and metals like vanadium and nickel, which are poisonous in many processes, are found in crude oil. Catalytic reforming involves petroleum refining catalysts that treat heavier hydrocarbon streams containing higher concentrations of sulfur and metals, the demand for the industry shoots, thus driving the Global Industrial Catalyst Industry. Therefore the mentioned use of Industrial Catalysts in the Petroleum Industry is expected to grow and drive the overall market in the future.
The North American region is expected to be the leader in the production and consumption of Industrial Catalyst, with most of the consumption in countries like the U.S. and Canada. BASF Catalysts is the world’s leading supplier of environmental and processed catalysts. With the growing demand for petroleum-derived products due to the world population and development, upgrading crude oil to higher quality is increasing, thus driving the global Industrial Catalyst market demand. The demand for Industrial Catalysts is growing in the agrochemical industry, as the agriculture industry is a crucial provider of food raw materials and employs 70% of the world’s population, which plays a critical role as the backbone of the economic system, which is driving the need for Industrial Catalyst in the Global Market. Catalysts make various materials quicker and more efficient in the chemical industryby regulating the activation energy required to start chemical reactions. They reduce the waste generated during manufacturing processes and drive the demand for Industrial Catalysts. In the food industry, food companies use enzymes as catalysts to deal with hot button issues, including sugar and acrylamide reduction, andimprove sustainability, driving the global Industrial Catalyst market. In the pharmaceutical industry, catalytic organic synthesis is used to produce active pharmaceutical ingredients(API), which provides cleaner procedures and, hence, greener chemistry, driving the global market. Catalysts are used in the textile industry to accelerate reactions, operate under milder conditions, replace harsh chemicals, and are easy to control and recyclable, driving the Industrial Catalyst market. The mentioned factors have made North America an important region for growth in the Industrial Catalyst Market.
Some of the market's key players are Albemarle Corporation, BASF SE, Chevron Phillips Chemical Company LLC, Arkema S.A., Clariant AG, among others.
In February 2022, a research group led by Prof. LU Fang from the Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences (CAS) proposed an effective catalytic technique for directly converting solid biomass into natural gas with a low carbon footprint.
In February 2022, Gary Moore, a researcher at Arizona State University’s Biodesign Centre for Applied Structural Discovery, and colleagues describe using ring-shaped molecules known as porphyrins. These compounds, which are among nature’s most prevalent pigments, are known for their ability to speed up or catalyze chemical reactions, including important reactions occurring in living systems.
In January 2022, Cardiff Universityresearchers demonstrated that gold could be used as a catalyst to create methanol and acetic acid from methane in natural gas.
Global Industrial Catalyst Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Industrial Catalyst market by segmenting based on the By Types (Homogeneous Catalyst, Heterogeneous Catalyst, Biocatalyst, Others), By Elements (Oxides, Sulfides, Halides, Others), By Components (Aluminosilicates, Iron, Vanadium, Platinum, Nickel, Others), By End User (Petroleum, Agrochemical, Chemical, Food, Medical, Textile, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Industrial Catalyst is used in the petroleum industry, which provides a surface for reactants to adsorb onto and from which products to desorb from. It creates ammonia, synthesis gas, and some acids in the agrochemical industry. Silica, zirconia, alumina, active carbons, magnesia, and zeolites are essential industrial catalysts used in various chemical processes. Catalysts are used in the food production industries like breweries, beverage producers, and food producers. Platinum and palladium are used in the pharmaceutical industry for catalytic hydrogenation. The application for catalysts in the textile industry is for dyeing, finishing, and effluents treatment.
The Petroleum Industry is the most vital consumer of Industrial catalysts and is projected to drive the Global Market. Alkylation of light olefins with isobutane in the presence of hydrogen and metallic catalysts produces gasoline with low aromatic contents (benzene/naphthalene), making the Global Market for Industrial Catalysts is bound to rise. According to U.S. Energy Information Administration, crude oil and lease condensate reserves fell by 9 billion barrels in 2020, a 19% drop, while natural gas reserves fell by just over 22 trillion cubic feet, a decline of 4%. Sulfur and metals like vanadium and nickel, which are poisonous in many processes, are found in crude oil. Catalytic reforming involves petroleum refining catalysts that treat heavier hydrocarbon streams containing higher concentrations of sulfur and metals, the demand for the industry shoots, thus driving the Global Industrial Catalyst Industry. Therefore the mentioned use of Industrial Catalysts in the Petroleum Industry is expected to grow and drive the overall market in the future.
The North American region is expected to be the leader in the production and consumption of Industrial Catalyst, with most of the consumption in countries like the U.S. and Canada. BASF Catalysts is the world’s leading supplier of environmental and processed catalysts. With the growing demand for petroleum-derived products due to the world population and development, upgrading crude oil to higher quality is increasing, thus driving the global Industrial Catalyst market demand. The demand for Industrial Catalysts is growing in the agrochemical industry, as the agriculture industry is a crucial provider of food raw materials and employs 70% of the world’s population, which plays a critical role as the backbone of the economic system, which is driving the need for Industrial Catalyst in the Global Market. Catalysts make various materials quicker and more efficient in the chemical industryby regulating the activation energy required to start chemical reactions. They reduce the waste generated during manufacturing processes and drive the demand for Industrial Catalysts. In the food industry, food companies use enzymes as catalysts to deal with hot button issues, including sugar and acrylamide reduction, andimprove sustainability, driving the global Industrial Catalyst market. In the pharmaceutical industry, catalytic organic synthesis is used to produce active pharmaceutical ingredients(API), which provides cleaner procedures and, hence, greener chemistry, driving the global market. Catalysts are used in the textile industry to accelerate reactions, operate under milder conditions, replace harsh chemicals, and are easy to control and recyclable, driving the Industrial Catalyst market. The mentioned factors have made North America an important region for growth in the Industrial Catalyst Market.
Some of the market's key players are Albemarle Corporation, BASF SE, Chevron Phillips Chemical Company LLC, Arkema S.A., Clariant AG, among others.
In February 2022, a research group led by Prof. LU Fang from the Dalian Institute of Chemical Physics (DICP) of the Chinese Academy of Sciences (CAS) proposed an effective catalytic technique for directly converting solid biomass into natural gas with a low carbon footprint.
In February 2022, Gary Moore, a researcher at Arizona State University’s Biodesign Centre for Applied Structural Discovery, and colleagues describe using ring-shaped molecules known as porphyrins. These compounds, which are among nature’s most prevalent pigments, are known for their ability to speed up or catalyze chemical reactions, including important reactions occurring in living systems.
In January 2022, Cardiff Universityresearchers demonstrated that gold could be used as a catalyst to create methanol and acetic acid from methane in natural gas.
Global Industrial Catalyst Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Industrial Catalyst market by segmenting based on the By Types (Homogeneous Catalyst, Heterogeneous Catalyst, Biocatalyst, Others), By Elements (Oxides, Sulfides, Halides, Others), By Components (Aluminosilicates, Iron, Vanadium, Platinum, Nickel, Others), By End User (Petroleum, Agrochemical, Chemical, Food, Medical, Textile, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Types
5.1.1 Homogeneous Catalyst
5.1.2 Heterogeneous Catalyst
5.1.3 Biocatalyst
5.1.4 Others
5.2 By Elements
5.2.1 Oxides
5.2.2 Sulfides
5.2.3 Halides
5.2.4 Others
5.3 By Components
5.3.1 Aluminosilicates
5.3.2 Iron
5.3.3 Vanadium
5.3.4 Platinum
5.3.5 Nickel
5.3.6 Others
5.4 By End User
5.4.1 Petroleum
5.4.2 Agrochemical
5.4.3 Chemical
5.4.4 Food
5.4.5 Medical
5.4.6 Textile
5.4.7 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Albemarle Corporation
7.2 BASF SE
7.3 Chevron Phillips Chemical Company LLC
7.4 Arkema S.A.
7.5 Clariant AG
7.6 The Dow Chemical Company
7.7 W.R, Grace and Co.
7.8 ExxonMobil Chemical Corporation
7.9 JGC Catalysts and Chemicals Ltd.
7.10 Univation Technologies
7.11 UOP LLC
7.12 Johnson Matthey
7.13 Cataler Corporation
7.14 Haldor Topsoe
7.15 Lyondellbasell Industries Holdings B.V.
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Types
5.1.1 Homogeneous Catalyst
5.1.2 Heterogeneous Catalyst
5.1.3 Biocatalyst
5.1.4 Others
5.2 By Elements
5.2.1 Oxides
5.2.2 Sulfides
5.2.3 Halides
5.2.4 Others
5.3 By Components
5.3.1 Aluminosilicates
5.3.2 Iron
5.3.3 Vanadium
5.3.4 Platinum
5.3.5 Nickel
5.3.6 Others
5.4 By End User
5.4.1 Petroleum
5.4.2 Agrochemical
5.4.3 Chemical
5.4.4 Food
5.4.5 Medical
5.4.6 Textile
5.4.7 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Albemarle Corporation
7.2 BASF SE
7.3 Chevron Phillips Chemical Company LLC
7.4 Arkema S.A.
7.5 Clariant AG
7.6 The Dow Chemical Company
7.7 W.R, Grace and Co.
7.8 ExxonMobil Chemical Corporation
7.9 JGC Catalysts and Chemicals Ltd.
7.10 Univation Technologies
7.11 UOP LLC
7.12 Johnson Matthey
7.13 Cataler Corporation
7.14 Haldor Topsoe
7.15 Lyondellbasell Industries Holdings B.V.
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
North America Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
United States Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Canada Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Mexico Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Europe Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
United Kingdom Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Germany Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Other Supporting Charts
Italy Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
France Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Spain Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Europe Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South America Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Brazil Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Argentina Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of South America Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Asia-Pacific Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
China Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
India Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Japan Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South Korea Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
ASEAN Countries Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Asia-Pacific Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Middle East & Africa Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Saudi Arabia Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South Africa Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Middle-East & Africa Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Petroleum - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Agrochemical - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Chemical - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Food - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Medical - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Textile - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Others - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Global Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
North America Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
United States Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Canada Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Mexico Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Europe Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
United Kingdom Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Germany Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Other Supporting Charts
Italy Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
France Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Spain Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Europe Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South America Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Brazil Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Argentina Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of South America Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Asia-Pacific Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
China Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
India Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Japan Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South Korea Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
ASEAN Countries Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Asia-Pacific Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Middle East & Africa Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Saudi Arabia Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
South Africa Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Rest of Middle-East & Africa Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Petroleum - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Agrochemical - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Chemical - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Food - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Medical - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Textile - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
Others - Industrial Catalyst Market Size, Market Growth & Market Forecast Revenue(in USD million), 2017-2027
