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Leading Growth Driver in the Industrial Catalyst Market in 2025: Petroleum Industry Expansion Fuels Growth In The Industrial Catalyst Market Driver's Influence
Industrial Catalyst Market Size
The industrial catalyst market is expected to grow from $25.47 billion in 2024 to $26.96 billion in 2025, reflecting a CAGR of 5.8%. Key factors include industrialization, advancements in chemical processes, environmental regulations, the expansion of petrochemical and refining industries, and the demand for cleaner and more efficient production processes.
The Industrial Catalyst market will grow to $31.83 billion by 2029 at a CAGR of 4.2%, driven by demand for sustainable chemistry, renewable energy, and the hydrogen economy. Trends include catalytic converters for emissions control, bio-based plastic production, and nanotechnology.
What Is Contributing to the Growth of the Industrial Catalyst Market?
The expanding petroleum industry is expected to drive the growth of the industrial catalyst market. The petroleum industry encompasses the exploration, extraction, refining, and marketing of petroleum products. Catalysts play a crucial role in hydroprocessing units, including hydrotreating to remove sulfur and nitrogen from crude oil and hydrocracking to break down heavy hydrocarbons into lighter ones for higher yields of valuable products. For example, in August 2023, the International Energy Agency projected a 6% increase in global oil demand between 2022 and 2028, reaching 105.7 million barrels per day, driven by demand from the petrochemical and aviation sectors. Additionally, upstream investments in oil and gas exploration, extraction, and production were expected to peak in 2023, growing by 11% to USD 528 billion. Thus, the growing petroleum industry is fueling the industrial catalyst market's expansion.
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Which Key Market Leaders Are Driving Industrial Catalyst Industry Growth?
Major companies operating in the industrial catalyst market report are Sinopec, BASF SE, The DOW Chemicals Company, Lyondellbasell Industries Holdings B.V., Honeywell International Inc., Ineos Group Limited, Johnson Matthey PLC, Evonik Industries AG, Chevron Philips Chemical Company, Arkema S.A., Albemarle Corporation, Dorf Ketal Chemicals India Pvt. Ltd., Clariant AG, Umicore N.V., ExxonMobil Chemical, W. R. Grace and Co., Axens SA, Topsoe A/S, Akzo Nobel N.V, Criterion Catalysts & Technologies, KNT Group, Zeolyst International, Anten Chemical Co. Ltd., JGC Catalysts and Chemicals Ltd., Univation Technologies LLC
What Are the Emerging Trends in the Industrial Catalyst Industry?
Major players in the industrial catalyst market are advancing technologies like additive manufacturing to offer improved features for their customers. Additive manufacturing, or 3D printing, involves creating objects layer by layer. For example, in September 2022, BASF SE, a German industrial catalyst manufacturer, introduced X3D technology. This technology's standout feature is its ability to 3D print catalysts with an open structure, resulting in reduced pressure drop across the reactor and a significant increase in surface area, which improves catalyst performance. BASF can now offer larger commercial quantities and more flexible catalyst designs, including infill patterns, fiber diameters, and orientations, allowing for optimized reactor output, better product quality, and reduced energy consumption.
What Are the Main Segments in the Industrial Catalyst Market?
The industrial catalyst market covered in this report is segmented -
1) By Type: Heterogeneous Catalysts, Homogeneous Catalysts, Biocatalysts
2) By Material: Metal, Chemical, Zeolites, Organometallic
3) By Application: Petroleum Refinery, Chemical Manufacturing, Petrochemicals, Food Processing, Automotive And Transportation, Other Applications
Subsegments:
1) By Heterogeneous Catalysts: Metal-Based Catalysts, Metal Oxide Catalysts, Supported Catalysts
2) By Homogeneous Catalysts: Organometallic Catalysts, Acid-Base Catalysts, Coordination Complex Catalysts
3) By Biocatalysts: Enzymes, Microbial Catalysts, Cell-Based Catalysts
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Which Geographic Area Leads the Industrial Catalyst Market?
Asia-Pacific was the largest region in the industrial catalyst market in 2024. The regions covered in the industrial catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Industrial Catalyst Global Market Report?
- Market Size Analysis: Analyze the Industrial Catalyst Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial 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 Industrial Catalyst Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Catalyst Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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