Petroleum Industry Expansion Fuels Growth In The Industrial Catalyst Market : A Significant Driver Propelling The Industrial Catalyst Market In 2025

The Industrial Catalyst Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Industrial Catalyst Market Size and Projected Growth Rate?
In recent times, the industrial catalyst market has witnessed a significant increase in size. The market is projected to expand from $25.47 billion in 2024 to $26.96 billion in 2025 with a 5.8% Compound Annual Growth Rate (CAGR). The historical growth is linked with factors such as the rise in industrialisation, growth in manufacturing, improvements in chemical processes, stricter environmental regulations, growth of the petrochemical and refining industries, and the increased demand for cleaner, more efficient production methods.

Over the upcoming years, the industrial catalyst market is forecasted to experience consistent growth, escalating to $31.83 billion in 2029 with a compound annual growth rate (CAGR) of 4.2%. This growth during the projected period can be credited to the rising demand for sustainable and green chemistry practices, the proliferation of the pharma and biotech industries, advancement of renewable energy technologies, heightened emphasis on hydrogen economy and fuel cell technology, and the appearance of novel applications in emerging markets. The forecast period will also see major trends such as the use of catalytic converters for emissions control in the automotive and industrial sectors, the development of catalysts for carbon capture and use, the application of catalysts in the production of bio-based plastics, the incorporation of nanotechnology in catalyst creation and enhancement, and a focus on circular economy concepts in catalyst recycling and reuse.

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What Are the Major 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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What Are The Driving Industrial Catalyst Market Evolution?
The burgeoning development of the petroleum industry is predicted to drive the growth of the industrial catalyst market in the future. Encompassing the exploration, extraction, refining, and marketing of petroleum products, the petroleum industry relies heavily on catalysts for its hydroprocessing units. This includes hydrotreating procedures that eliminate sulfur and nitrogen impurities found in crude oil fractions for improved product quality, as well as hydrocracking processes that convert heavier hydrocarbons into lighter fractions for increased yield of valuable products. According to an August 2023 report from the International Energy Agency, a France-based intergovernmental organization, it was forecasted that the global oil demand would surge by 6% between 2022 and 2028, reaching 105.7 million barrels per day. This was seen to be largely driven by robust demand from the petrochemical and aviation industries. Moreover, upstream investments aiming towards oil and gas exploration, extraction, and production are projected to reach their zenith in 2023 with a year-on-year growth of 11% equating to USD 528 billion. Consequently, the broadening scope of the petroleum industry serves as a powerful driving force propelling the progress of the industrial catalyst market.

Which Firms Dominate The Industrial Catalyst Market Segments?
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 Trends Are Driving Growth in The Industrial Catalyst Market?
Key players in the industrial catalyst market are implementing cutting-edge technologies, such as additive manufacturing, in order to provide customers with more sophisticated features. Also known as 3D printing, additive manufacturing technology involves the construction of three-dimensional objects through the addition or layering of material. In September 2022, BASF SE, an industrial catalyst manufacturer based in Germany, debuted their X3D technology. The notable advantage of the X3D technology in the additive manufacturing of catalysts is its ability to perform 3D printing. The X3D technology outputs catalysts that uncover an open structure, which subsequently results in a decrease in pressure drop within the reactor and a considerable rise in surface area, thereby improving the effectiveness of the catalyst. With the ability to produce commercial quantities, BASF offers more versatility in catalyst design than conventional production means. This technology enhances the efficiency of the catalyst, permitting customization to meet certain customer prerequisites, including designing of infill patterns, fiber diameter, and alignment. X3D technology enables customers to achieve increased reactor output, superior product standard, and more efficient energy usage.

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Which Is The Largest Region In 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Catalyst Market?
2. What is the CAGR expected in the Industrial Catalyst Market?
3. What Are the Key Innovations Transforming the Industrial Catalyst Industry?
4. Which Region Is Leading the Industrial Catalyst Market?

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