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The global catalyst market size accounted for USD 40.38 billion in 2024, grew to USD 42.40 billion in 2025 and is predicted to surpass around USD 65.78 billion by 2034, representing a healthy CAGR of 5% between 2024 and 2034.
The global catalyst market size is estimated at USD 40.38 billion in 2024 and is anticipated to reach around USD 65.78 billion by 2034, expanding at a CAGR of 5% from 2024 to 2034.
The Asia Pacific catalyst market size is evaluated at USD 14.13 billion in 2024 and is predicted to be worth around USD 23.35 billion by 2034, rising at a CAGR of 5.14% from 2024 to 2034.
The Asia Pacific accounted for around 35% of the market share and dominated the global catalyst market in 2023. The Asia Pacific catalyst market is primarily driven by the chemicals, petrochemical, and automotive industries. China has a significant presence of polymer and chemical producing companies, which exponentially contributes to the growth of the Asia Pacific catalyst market. China has emerged as a manufacturing destination for the petrochemical and chemical products favored by the rising domestic demand and low costs of production. The favorable government policies pertaining to the FDIs and industrialization has significantly fostered the growth of the Asia Pacific catalyst market.
North America was the second-largest market in 2023. The evolving automobile mandates in North America has necessitated the environmental catalysts, which is significantly driving the growth of the North America catalyst market. The surging consumption of gasoline in the region is expected to boost the market growth in the forthcoming years. Gasoline is extensively used for converting the crude oil into light fractions like kerosene and diesel. The rising oil & gas and chemical sector in North America is further expected to drive the growth of the catalyst market.
The Middle East & Africa is estimated to be the most opportunistic market during the forecast period. This region accounted for around 5% of the global catalyst market in 2023. The oil & gas industry dominates in Saudi Arabia, Qatar, Kuwait, and Oman, which is expected to offer lucrative growth opportunities to the market players on account of petroleum refining. The surging domestic demand for the pharmaceuticals, packaging, construction, and automotive is expected to boost the growth of the chemicals industry and subsequently foster the growth of the catalyst market in Middle East & Africa.
The demand for the catalysts is escalating owing to the surging applications in polymers and petrochemicals, petroleum refining, and chemical synthesis. Catalysts is used in various processes and helps in cost-saving, yield improvement, process optimization, and energy saving in the manufacturing sector. Moreover, there is a high demand for the environmental catalysts as it helps the manufacturers to meet the stringent regulatory mandates pertaining to carbon dioxide, NOx, and Sox emissions. The rising carbon emission and subsequent climate changes has forced the government to shift towards renewable energy sources and the rising government initiatives towards this direction is stimulating the manufacturers to shift towards alternative fuel. The rising adoption of alternative energy and fuel such as biodiesel and shale gas fuel is expected to boost the demand for the catalyst in the foreseeable future.
Furthermore, the manufacturers are seeking for value addition to their feedstock by manufacturing value-added chemicals such as polyolefins and methanol. This has significantly fostered the demand for the catalysts in the petrochemical and chemical applications. The industrial usage of chemicals is directed towards cost reduction and scarcity of the catalytic types based on rare metals via the metal reclaiming process development. The growing focus on adopting more cheaper and abundant base metal catalysts and avoid the use of rare metals in the metal reclaiming process is expected to spur the growth of the global catalyst market. The rising energy demand owing to the rapid industrialization and rapid urbanization of rural areas across the globe is significantly boosting the demand for the catalyst in oil refining and is expected to foster the market growth during the forecast period.
| Report Coverage | Details |
| Market Size in 2024 |
USD 40.38 Billion |
| Market Size by 2034 |
USD 65.78 Billion |
| Growth Rate from 2024 to 2034 | CAGR of 5% |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Product, Process, Raw Material, Application, and Geography |
Based on the product, the heterogeneous catalyst segment dominated the global catalyst market and accounted for around 73% of the market share in 2023. To reduce the toxicity of the homogeneous catalysts, it is converted into the heterogeneous catalysts through solid supports. Sulfonated carbon materials, sulfated zirconia, sulfonated MOF materials, and sulfonated silica materials are some of the examples of heterogeneous catalysts. There are certain benefits associated with the heterogeneous catalysts such as easy separation of catalysts, ease of application, and cost-effectiveness that has significantly driven the growth of this segment in the global catalyst market. Moreover, the rising acceptance of the heterogeneous catalyst in the production of biodiesel is expected to accelerate the growth of the heterogeneous segment during the forecast period.
The homogeneous catalyst segment is expected to witness a strong growth rate during the forecast period. Hydrochloric acid, boric acid, phosphoric acid, and sulfuric acid are the most common types of homogeneous catalysts. The homogeneous catalysts are known to provide better performance in the industrial and raw material reactions as compared to that of its heterogeneous counterpart. However, the homogeneous process releases toxic wastes that may cause environmental hazards. Therefore, the demand for the eco-friendly alternative is increasing significantly and the availability of the eco-friendly ad bio-degradable homogeneous catalyst like methanesulfonic acid has helped to fulfill this demand.
Depending on the raw material, the chemical compounds segment led the global catalyst market, accounting for a revenue share of 38.4% in 2023. Chemical compounds such as calcium carbonate, sulfuric acid, and hydrofluoric acid are extensively used as catalyst raw materials for numerous applications in polymer, chemical, and petrochemical industries around the globe.
Metals is the second largest segment in the global catalyst market. Metals act as key catalyst used for accelerating the breaking process and re-arranging the aromatics.
Zeolites are another prominent type of raw material used in the catalysts. It is used in catalyzing and absorbent applications due to their large surface area and porosity. Zeolites are known for accommodating a diversity of ions that is supported by the porosity of the zeolites. Zeolites are obtained naturally and can also be commercially produced from the crystallization reactions.
Depending on the application, the chemical synthesis segment accounted for a market share of around 27% and dominated the global catalyst market in 2023. It includes raw material chemistry and raw materials where the processes like converting ammonia to nitric acid, Contact, and Haber involves the use of catalysts. Hence, the growth of the chemical synthesis segment is directly linked with the growth of the chemical industry. The superior characteristics of the chemical synthesis like promotion of enantioselective processes has fostered the applications of chemical synthesis.
By Product
By Process
By Raw Material
By Application
By Geography
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