Catalyst Market Size Worth US$ 50.2 Billion by 2028 | CAGR of 4.51%

The latest research study "Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global catalyst market size reached US$ 38.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.51% during 2023-2028.

Catalyst represents substances that stimulate and alter the speed of chemical reactions by raising and lowering the activation energy required for the procedure. They are categorized into homogeneous and heterogeneous types. These catalyst variants do not undergo any thermodynamic changes during reactions and can be reused post-treatment. They aid in improving air quality by controlling emissions, transforming raw materials into several useful manufactured products, mitigating volatile organic compounds (VOCs), etc. As a result, catalyst substances find extensive applications in petroleum refining, chemical synthesis, petrochemical formulation, polymer catalysis, etc.

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Catalyst Market Trends and Drivers:

Catalyst represents substances that stimulate and alter the speed of chemical reactions by raising and lowering the activation energy required for the procedure. They are categorized into homogeneous and heterogeneous types. These catalyst variants do not undergo any thermodynamic changes during reactions and can be reused post-treatment. They aid in improving air quality by controlling emissions, transforming raw materials into several useful manufactured products, mitigating volatile organic compounds (VOCs), etc. As a result, catalyst substances find extensive applications in petroleum refining, chemical synthesis, petrochemical formulation, polymer catalysis, etc.

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Catalyst Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Albemarle Corporation
• Arkema S.A.
• Axens SA
• BASF SE
• Chevron Phillips Chemical Company LLC
• Clariant AG, Dow Inc.
• Evonik Industries AG, Exxon Mobil Corporation
• Honeywell International Inc.
• Johnson Matthey
• Shell plc
• W. R. Grace and Co. (Standard Industries Inc.)
• Zeolyst International Inc.

The report has been segmented the market into following categories:

Breakup by Type:

• Heterogeneous Catalyst
• Homogeneous Catalyst

Breakup by Process:

• Recycling
• Regeneration
• Rejuvenation

Breakup by Raw Material:

• Chemical Compounds
o Peroxides
o Acids
o Amines
o Others
• Metals
o Precious Metals
o Base Metals
• Zeolites
• Others

Breakup by Application:

• Chemical Synthesis
o Chemical Catalysts
o Adsorbents
o Syngas Production
o Others
• Petroleum Refining
o Fluid Catalytic Cracking (FCC)
o Alkylation
o Hydrotreating
o Catalytic Reforming
o Purification
o Bed Grading
o Others
• Polymers and Petrochemicals
o Ziegler Natta
o Reaction Initiator
o Chromium
o Urethane
o Solid Phosphorous Acid Catalyst
o Others
• Environmental
o Light-duty Vehicles
o Motorcycles
o Heavy-duty Vehicles
o Others

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Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.