Press release
Inorganic Catalyst Market: Steady Growth, Key Players, and Emerging Trends
Inorganic Catalyst Market Share
What Is The Projected Market Size Of The Global Inorganic Catalyst Market And Its Growth Rate?
The Global Inorganic Catalyst Market is witnessing a steady growth:
• The market size has grown from $26.81 billion in 2024 to $27.99 billion in 2025, a CAGR of 4.4%.
• Over the next few years, the market size is expected to reach $34.58 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%.
• Key drivers of this growth include shift in chemical manufacturing practices, focus on catalytic efficiency, industrial growth and expansion, rising demand in energy sector and petrochemical industry, and advancements in nanotechnology.
What Is Driving The Growth In The Inorganic Catalyst Market?
The growth in the Inorganic Catalyst Market is primarily driven by the increasing demand for petroleum and petrochemical products. Petrochemicals, derived from crude oil and petroleum, employ inorganic catalysts such as zeolite for high yield and efficiency. The International Energy Agency (IEA) recorded a rise in global oil demand by 2.2 million barrels per day (mb/d) in August 2023, with total demand reaching approximately 102 mb/d. This increase in demand, largely driven by China's petrochemical sector, is expected to further propel the inorganic catalyst market.
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Who Are the Key Players Driving Inorganic Catalyst Market Growth?
Key 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
• Eaton Corporation Public Limited Company
• Donaldson Company Inc., Alfa Laval India Private Limited
• BASF SE, Johnson Matthey plc, W.R. Grace & Co., Clariant AG
What Are The Key Trends In The Inorganic Catalyst Market?
Key trends in the Inorganic Catalyst Market include:
• Industry digitization and automation
• Increased environmental regulations
• Shift towards sustainable chemistry
• Rising demand in petrochemical industry
• Advancements in nanotechnology
What Are The Segments Of The Global Inorganic Catalyst Market?
The Inorganic Catalyst Market involves different segments:
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
Which Region Leads The Inorganic Catalyst Market?
In 2024, Asia-Pacific was the largest region in the inorganic catalyst market. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Inorganic Catalyst Market Global Market Report?
- Market Size Analysis: Analyze the Inorganic Catalyst Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Inorganic Catalyst Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Inorganic Catalyst Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Inorganic Catalyst Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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