PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903839
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903839
The global catalyst market size is expected to reach USD 50.33 billion by 2034, according to a new study by Polaris Market Research. The report "Catalyst Market Size, Share, Trends, Industry Analysis Report: By Product (Heterogeneous Catalyst and Homogeneous Catalyst), By Raw Material, By Process, By Application, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Catalysts are substances that speed up chemical reactions without getting used up. They are important for improving efficiency, cutting energy use, and allowing for sustainable production. The catalyst industry is growing due to the rising need for cleaner fuels, tough environmental rules, and progress in catalyst technologies. Catalysts are mainly divided into heterogeneous catalysts and homogeneous catalysts.
Governments and regulatory bodies around the world are setting strict emission standards to reduce pollution. This pushes industries to use cleaner production methods. For example, the Euro VI and EPA Tier 3 standards require lower sulfur content in fuels. This increases the demand for hydroprocessing catalysts in refineries. Furthermore, the move toward renewable energy sources has raised the need for catalysts in biofuel production.
In terms of product, the heterogeneous catalyst segment dominated the global catalyst market share in 2024 due to its broad industrial applicability, operational efficiency, and ease of separation from reaction mixtures.
The homogeneous catalysts segment is expected to grow at a robust pace in the coming years, owing to its superior selectivity and efficiency in fine chemical and pharmaceutical synthesis.
Based on process, the recycling segment accounted for a major market share in 2024 due to its cost-effectiveness, regulatory compliance, and the growing emphasis on sustainable industrial practices.
Asia Pacific accounted for a major share of the global market in 2024 due to rapid industrialization, expanding petrochemical capacity, and increasing demand from the automotive and refining sectors.
The market in North America is expected to expand at a robust pace in the coming years, owing to the rigorous environmental regulations and the strong automotive and industrial base.
A few of the global key market players are Albemarle Corporation, Arkema, Axens, BASF SE, Clariant, Evonik Industries AG, Exxon Mobil Corporation, Haldor Topsoe A/S, Johnson Matthey, LyondellBasell Industries Holdings B.V., The Dow Chemical Company, Umicore, W. R. Grace & Co.-Conn., and Zeolyst International.
Where is the Catalyst Market Headed?
The catalyst industry is growing sustainably due to regulatory pressures and expanding industrial activities. The global push for cleaner and more efficient chemical processes will boost the industry growth. Specialized catalyst types tied to emissions control and new energy transitions are likely to grow faster than general catalysts.
What Does Catalyst Report Reveal?
What is the global market size and CAGR for the market during 2026-2034?
Which factors are contributing to the industry expansion?
What are the risks and challenges in the market? how can they be addressed?
What are the emerging technological advancements in the market?
How does the market differ in terms of product, raw material, process, application, and geography? Which is the leading application?
What is the impact of the regulatory landscape on the market?
What are the opportunities in different regional markets, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa?
Polaris Market Research has segmented the market report based on product, raw material, process, application, and region:
By Product Outlook (Revenue, USD Billion, 2021-2034)
Heterogeneous Catalyst
Homogeneous Catalyst
By Raw Material Outlook (Revenue, USD Billion, 2021-2034)
Chemical Compounds
Peroxides
Acids
Amines & Others
Metals
Precious Metals
Base Metals
Zeolites
Others
By Process Outlook (Revenue, USD Billion, 2021-2034)
Recycling
Regeneration
Rejuvenation
By Application Outlook (Revenue, USD Billion, 2021-2034)
Petroleum Refining
Fluid Catalytic Cracking (FCC)
Alkylation Catalysts
Hydro Processing Catalysts
Catalytic Reforming
Others
Chemical Synthesis
Polyolefins
Catalytic Oxidation
Hydrogenation Catalysts
Others
Polymer Catalysis
Ziegler Natta
Reaction Initiator
Single Site
Others
Environmental
Light Duty Vehicles
Heavy Duty Vehicles
Others
By Regional Outlook (Revenue, USD Billion, 2021-2034)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America