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Catalyst Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71615
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The catalyst market share is expected to increase by USD 5.80 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.20%.

This catalyst market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers catalyst market segmentation by type (heterogeneous catalyst and homogeneous catalyst) and geography (APAC, North America, Europe, South America, and MEA). The catalyst market report also offers information on several market vendors, including Albemarle Corp., BASF SE, Chevron Phillips Chemical Co. LLC, Clariant International Ltd., Dorf Ketal Chemicals (I) Pvt. Ltd., Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Johnson Matthey Plc, and W. R. Grace and Co. among others.

What will the Catalyst Market Size be During the Forecast Period?

Catalyst Market Size

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Catalyst Market: Key Drivers and Challenges

The rising rate of industrialization in emerging economies is notably driving the catalyst market growth, although factors such as stringent regulations and policies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the catalyst industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Catalyst Market Driver

Catalysts are used in various industries, including oil and gas, polymer synthesis, chemicals, and consumer goods. Hence, the growth of the market in focus is highly influenced by the growing rate of industrialization across the world, especially in emerging economies. APAC comprises emerging economies such as India, China, Indonesia, Malaysia, and Thailand, which are growing at a significant rate in terms of development and economic prosperity. The demand for catalysts is anticipated to grow during the forecast period, especially in emerging economies, because of the increasing production activities and outsourcing to low-cost countries by chemical manufacturers to decrease capital investment. The rising number of consumer goods companies and polymer production companies in APAC is another factor that will significantly trigger the demand for catalysts used in these industries during the forecast period. Therefore, rapid industrialization in emerging economies is likely to drive the growth of the global catalyst market during the forecast period. 

Key Catalyst Market Challenge

Stringent regulations by the US Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) on the volatile organic compound (VOC) content of specialty chemicals, such as catalysts used in paints and coatings, adhesives, and sealants, are a significant challenge to the growth of the global automotive catalyst market. The regulation 310 CMR 7.18(30) in the US provides a VOC limit for adhesives, including the specialty chemicals used in industrial and commercial applications. California has set VOC limits for a variety of products, adhesives, and sealants. Hence, the stringent regulations and policies on the use of chemicals are likely to hamper the growth of the catalyst market during the forecast period.

This catalyst market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Catalyst Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Albemarle Corp.
  • BASF SE
  • Chevron Phillips Chemical Co. LLC
  • Clariant International Ltd.
  • Dorf Ketal Chemicals (I) Pvt. Ltd.
  • Dow Inc.
  • Evonik Industries AG
  • Exxon Mobil Corp.
  • Johnson Matthey Plc
  • W. R. Grace and Co.

 

This statistical study of the catalyst market encompasses successful business strategies deployed by the key vendors. The catalyst market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The catalyst market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Catalyst Market?

Catalyst Market Market segmentation by region

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37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for catalysts in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Rapid industrialization and the increasing demand for agrochemicals, petrochemicals, food additives, and agrochemicals will facilitate the catalyst market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Catalyst Market?

Catalyst Market Segmentation

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The catalyst market share growth by the heterogeneous catalyst segment will be significant during the forecast period. The segment is projected to grow substantially during the forecast period, as heterogeneous catalysts are being widely preferred by the end-users owing to the ease of separation from the products. Heterogeneous catalysts are used in various critical industrial processes owing to their capability of accelerating the rate of reactions with high conversion, cost efficiency, and enhanced product selectivity. There is an increase in the demand for heterogeneous catalysts for oil refineries, fine chemical synthesis, energy production, and bulk chemical production, among others.

This report provides an accurate prediction of the contribution of all the segments to the growth of the catalyst market size and actionable market insights on post COVID-19 impact on each segment.

Catalyst Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.20%

Market growth 2022-2026

$ 5.80 billion

Market structure

Fragmented

YoY growth (%)

3.60

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Germany, Brazil, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Albemarle Corp., BASF SE, Chevron Phillips Chemical Co. LLC, Clariant International Ltd., Dorf Ketal Chemicals (I) Pvt. Ltd., Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Johnson Matthey Plc, and W. R. Grace and Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Catalyst Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive catalyst market growth during the next five years
  • Precise estimation of the catalyst market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the catalyst industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of catalyst market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Heterogeneous catalyst - Market size and forecast 2021-2026
    • Homogeneous catalyst - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Albemarle Corp.
      • BASF SE
      • Chevron Phillips Chemical Co. LLC
      • Clariant International Ltd.
      • Dorf Ketal Chemicals (I) Pvt. Ltd.
      • Dow Inc.
      • Evonik Industries AG
      • Exxon Mobil Corp.
      • Johnson Matthey Plc
      • W. R. Grace and Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Catalyst market growth will increase by $5804.40 million during 2021-2026.
      The catalyst market is expected to grow at a CAGR of 4.20% during 2021-2026.
      Technavio has segmented the catalyst market by type (Heterogeneous catalyst and Homogeneous catalyst) and geographic (APAC, North America, Europe, South America, and MEA).
      Albemarle Corp., BASF SE, Chevron Phillips Chemical Co. LLC, Clariant International Ltd., Dorf Ketal Chemicals (I) Pvt. Ltd., Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Johnson Matthey Plc, W. R. Grace and Co. are a few of the key vendors in the catalyst market.
      APAC will register the highest growth rate of 37.27% among the other regions. Therefore, the catalyst market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • Brazil
      • India
      The key factors driving the catalyst market growth are:
      • Rising rate of industrialization in emerging economies
      The catalyst market vendors should focus on grabbing business opportunities from the heterogeneous catalyst segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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