Top Factor Driving Heterogeneous Catalyst Market Growth in 2025: Increasing Demand For Chemicals Drives Growth Of The Heterogeneous Catalyst Market

How Big Is the Heterogeneous Catalyst Market Expected to Be, and What Will Its Growth Rate Be?
The market size of the heterogeneous catalyst has been expanding robustly in the past few years. Market projections indicate an increase from $27.92 billion in 2024 to $29.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.3%. This growth in the previous period is due to a surge in use in the automotive field, a heightened requirement for emissions control, elevated utilisation in biofuel production, an upswing in the demand for hydrogen, and an increase in the demand for zeolites.

The market size for heterogeneous catalysts is anticipated to witness robust growth over the next few years, expanding to a value of $37.37 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%. The growth projected during the forecast period could be a consequence of a rising demand for competent and environmentally friendly chemical processes, stringent environmental laws, a greater focus on sustainability, a shift towards cleaner energy sources, and an increasing demand for petrochemicals. Factors like advancements in nanotechnology, an increased demand for innovative catalyst materials, development in catalytic converters, growing necessity for chemical synthesis, and the rising demand for metal-based catalysts account for the prominent trends expected in the forecast period.

What Is Stimulating Growth in the Heterogeneous Catalyst Market?
The upward trend in chemical demand is anticipated to fuel the growth of the heterogeneous catalyst market. This increased demand is driven by expanding needs in industries like the manufacturing, pharmaceutical, and agriculture sectors, coupled with technological advances and a shift towards eco-friendly practices and technologies. Heterogeneous catalysts are central in catering to the surging chemical demand across various sectors by enhancing efficiency, cost-effectiveness, scalability, and environmental sustainability within chemical processes. For instance, as per the US Bureau of Labor Statistics, a government agency based in the U.S, the trade worth of chemical manufacturing products exported from the US in 2022 stood at $288.0 billion. This figure illustrates a growth of 13.4% in comparison to 2021. Therefore, the escalating demand for chemicals is driving the growth of the heterogeneous catalyst market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16075&type=smp

Who Are the Dominant Companies Influencing Heterogeneous Catalyst Market Trends?
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

How Is the Heterogeneous Catalyst Market Evolving?
Leading enterprises in the heterogeneous catalyst market are concentrating on creating innovative goods, such as propane dehydrogenation (PDH) catalysts, designed to boost the efficiency of PDH catalysts in large-scale industrial propylene manufacture. PDH catalysts, a form of heterogeneous catalyst, facilitate transforming propane into propylene by eliminating hydrogen. An example is Clariant, a chemical company based in Switzerland, which introduced CATOFIN 312, a novel propane dehydrogenation catalyst, in April 2024. CATOFIN 312 is an element of Clariant's CATOFIN technology, renowned for generating olefins like propylene, isobutylene, and butylene/butadiene. This methodology incorporates Clariant's specially crafted catalysts and Heat Generating Material (HGM) with Lummus's sophisticated process, positioning it as one of the fastest-growing techniques for propylene production.

What Are the Different Segmentations in the Heterogeneous Catalyst Market?
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

Subsegments:
1) By Metal-Based: Precious Metal Catalysts, Base Metal Catalysts, Bimetallic Catalysts, Alloy Catalysts
2) By Chemical-Based: Acid Catalysts, Base Catalysts, Organocatalysts, Ionic Liquid Catalysts
3) By Zeolites-Based: Natural Zeolites, Synthetic Zeolites, High-Silica Zeolites, Mordenite And Clinoptilolite Zeolites, Zeolite Y, ZSM-5, And Other Specific Types
4) By Other Products: Supported Catalysts, Enzyme Catalysts, Oxide-Based Catalysts, Carbon-Based Catalysts, Photocatalysts And Nanocatalysts

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/heterogeneous-catalyst-global-market-report

Which Region Is at the Forefront of the Heterogeneous Catalyst Market?
Asia-Pacific was the largest region in the heterogeneous catalyst market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heterogeneous catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Heterogeneous Catalyst Global Market Report?

- Market Size Analysis: Analyze the Heterogeneous Catalyst Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Heterogeneous 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 Heterogeneous Catalyst Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Heterogeneous Catalyst Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16075

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.