Heterogeneous Catalyst Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 |Shell Plc, BASF SE, ExxonMobil Chemical, Rio Tinto Ltd., SABIC Corp., LyondellBasell Industries Holdings B.V., Honeywell International Inc., Heraeus Gro

As per the report, the heterogeneous catalyst market size has grown strongly in recent years. It will grow from $26.42 billion in 2023 to $27.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The heterogeneous catalyst market size is expected to see strong growth in the next few years. It will grow to $35.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.

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Increasing Demand For Chemicals Drives Growth Of The Heterogeneous Catalyst Market
The increasing demand for chemicals is expected to propel the growth of the heterogeneous catalyst market going forward. The growing demand for chemicals is due to growth demand from manufacturing, pharmaceuticals, and agriculture industries, technological innovations, and a shift towards sustainable practices and green technologies. The heterogeneous catalysts play a critical role in meeting the growing demand for chemicals across various industries by improving chemical processes' efficiency, cost-effectiveness, scalability, and environmental sustainability. For instance, in July 2023, according to the US Bureau of Labor Statistics, a US-based government agency, the trade value of the US chemical manufacturing products exported in 2022 amounted to $288.0 billion, reflecting a growth of 13.4% compared to 2021. Therefore, the increasing demand for chemicals drives the demand for the heterogeneous catalyst market.

Advancements In Propane Dehydrogenation Catalysts With The Impact Of CATOFIN Technology
Major companies operating in the heterogeneous catalyst market are focused on developing innovative products, such as propane dehydrogenation (PDH) catalysts, to enhance PDH catalysts' performance in industrial-scale propylene production. Propane dehydrogenation (PDH) catalysts are a type of heterogeneous catalyst used to convert propane into propylene by removing hydrogen. For instance, in April 2024, Clariant, a Switzerland-based chemical company, launched CATOFIN 312, the latest propane dehydrogenation catalyst. The CATOFIN 312 catalyst is part of Clariant's CATOFIN technology, which is recognized for producing olefins such as propylene, isobutylene, and butylene/butadiene. The technology integrates Clariant's custom-designed catalysts and Heat Generating Material (HGM) with Lummus's advanced process, establishing it as one of the rapidly expanding technologies for propylene production.

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

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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

Contents of the report:
1. Executive Summary
2. Heterogeneous Catalyst Market Report Structure
3. Heterogeneous Catalyst Market Trends And Strategies
4. Heterogeneous Catalyst Market - Macro Economic Scenario
5. Heterogeneous Catalyst Market Size And Growth
…..
27. Heterogeneous Catalyst Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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