Global Analysis of the Catalysts Market

Global Analysis of the Catalysts Market

Steady Demand from End Industries and Stringent Regulations Will Drive Market Growth

Catalysts are chemicals/materials that facilitate an increase in the rate of a chemical reaction. These chemicals do not actively take part in the chemical reaction but bring about an increase in the reaction rate by lowering the activation energy in the system. There is a significant surge in demand for catalysts in the market, which can be attributed to several factors that underscore the growing necessity of catalysts across multiple industries.

The study quantifies the consumption of catalysts used in refineries, polyolefin production, and chemical production by product types and prominent applications from 2020 to 2030. The scope comprises analysis of the refinery catalysts based on applications such as alkylation, fluidized catalytic cracking (FCC), hydroprocessing catalysts (HPC), and others (e.g., isomerization and reforming). The report segments the catalyst market based on material type, which includes zeolites, metals, chemical compounds (acids), and organometallics. The polymerization catalysts market is segmented based on applications (LDPE, LLDPE, HDPE, and PP) and material types (peroxides, Ziegler-Natta, chromium, and single-site catalysts). Additionally, it discusses catalysts used for the production of polyurethanes, polyethylene terephthalate, polystyrene, and silicone resins. In terms of chemical production, the analysis considers segments such as hydrogenation, dehydrogenation, oxidation, syngas, hydration, dehydration, and halogenation reactions.

Globally, the catalysts market is projected to register moderate single-digit growth over the forecast period, driven by steady growth in refinery capacities and robust growth in polyolefins capacity additions. The global market will likely witness strong tailwinds due to ever-tightening emission standards and the implementation of regulations that mandate the use of low sulfur fuels. The study analyzes the current market size in terms of volumes and revenues based on the weighted average prices of products in the marketplace.