Chemical Catalyst Market Size, Share, and Trends 2024 to 2033

Chemical Catalyst Market (By Type: Heterogeneous, Homogeneous; By Material: Metal and Metal Oxides, Zeolites, Chemical Compound; By Form: Powder, Bead, Extrudate, Others; By Process: Fluid Catalytic Cracking (FCC), Hydrogenation, Oxidation, Isomerization, Alkylation, Polymerization, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033

  • Last Updated : June 2024
  • Report Code : 4464
  • Category : Chemical and Material

Chemical Catalyst Market Size to Reach USD 61.46 Bn by 2033

The global chemical catalyst market size was USD 39.50 billion in 2023, estimated at USD 41.29 billion in 2024, and is expected to reach around USD 61.46 billion by 2033, expanding at a CAGR of 4.52% from 2024 to 2033. The chemical catalyst market is driven by the increasing need across various sectors for chemicals with excellent performance and versatility.

Chemical Catalyst Market Size 2024 to 2033

To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics

Chemical Catalyst Market Key Takeaways

  • Asia- Pacific led the market with largest revenue share of 35% in 2023.
  • North America is the fastest growing in the market during the forecast period.
  • By type, the heterogeneous segment has held a major revenue share of 42% in 2023.
  • By type, the homogeneous segment shows a notable growth in the market during the forecast period.
  • By material, the metal and metal oxides segment has contributed more than 42%of revenue share in 2023.
  • By material, the zeolites segment is the fastest growing in the chemical catalyst market during the forecast period.
  • By form, the powder segment dominated the market in 2023.
  • By process, the fluid catalytic cracking (FCC) segment dominated the chemical catalyst market.
  • By application, the petrochemicals segment dominated the market in 2023.

Asia Pacific Chemical Catalyst Market Size and Growth 2024 to 2033

The Asia Pacific chemical catalyst market size was valued at USD 13.83 billion in 2023 and is predicted to be worth around USD 21.82 billion by 2033, growing at a CAGR of 4.66% from 2024 to 2033.

Asia Pacific Chemical Catalyst Market Size 2024 to 2033

Asia Pacific had dominated in the chemical catalyst market in 2023. Asia Pacific nations, particularly China and India, have seen tremendous industrial growth. Catalysts are needed in many different chemical processes, such as those in the petrochemical, polymer, and refining sectors, and their demand has increased due to this industrial development. The governments have implemented measures to encourage technical innovation and industrial expansion. These include financial support for R&D initiatives, tax breaks, and subsidies. Thus, growing automotive industry requires catalysts to produce cleaner fuels and catalytic converters, which lower car emissions.

Chemical Catalyst Market Share, By Region, 2023 (%)

North America is the fastest growing in the chemical catalyst market during the forecast period. Green chemistry and sustainability are becoming more and more critical. High demand exists for catalysts that allow for more economical use of resources and lower waste. This movement is robust in North America, where environmental concern is high. Both public and commercial sector efforts aid the creation of novel catalysts. Catalyst market innovation is stimulated by subsidies and programs to lower environmental impact and increase industrial efficiency. More effective and efficient nano-catalysts have been developed due to advancements in nanotechnology. Companies in North America are leading the way in incorporating nanotechnology into catalyst design.

  • In February 2024, Cell Cycle Catalyst was introduced by SkinCeuticals, a brand known for medical skincare products. This novel, inventive, and lightweight serum aims to enhance the effectiveness of anti-aging therapies administered in the office and at home.

Market Overview

Chemical catalysts are materials that speed up chemical reactions without being consumed; this market includes them. These catalysts are essential to many industries, such as chemical production, pharmaceuticals, environmental protection, and petroleum refining.  Catalysts facilitate processes at lower temperatures and pressures by lowering the activation energy required for reactions, which reduces energy consumption and greenhouse gas emissions. They can also support more sustainable and clean production techniques, which helps to safeguard the environment. Catalysts facilitate the efficient use of reactants, hence using less raw materials and energy resources. This resource conservation helps industries function more responsibly and aligns with sustainability goals.

Chemical Catalyst Market Growth Factors

  • Chemical catalysts are essential for pharmaceuticals, fine chemicals, polymers, and petrochemicals. As these sectors expand, the need for catalysts to improve processes will rise.
  • Advances in catalyst materials, such as nano catalysts, produce more efficient and customized catalysts for various applications.
  • Chemical catalysts reduce waste and energy consumption to enable efficient production operations. Due to stricter laws, more environmentally friendly catalysts are being developed, driving market expansion.
  • Due to the global expansion of the chemical industry, catalyst suppliers have access to a broader market to meet these increased demands.

Chemical Catalyst Market Scope

Report Coverage Details
Market Size in 2023 USD 39.50 Billion
Market Size in 2024 USD 41.29 Billion
Market Size by 2033 USD 61.46 Billion
Market Growth Rate CAGR of 4.52% from 2024 to 2033
Largest Market Asia- Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered Type, Material, Form, Process, Application, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Chemical Catalyst Market Dynamics


Growth of various industrial processes

As the world economy grows, industrial activity is increasing in several sectors, including petrochemicals, chemicals, medicines, and the environmental industry. Chemical processes play a significant role in manufacturing, refining, and treating these sectors. The need for catalysts, which quicken these chemical reactions, rises in lockstep with industrialization. Several industries, such as manufacturing, agriculture, and healthcare, are based on the chemical industry.

Catalysts are critical to satisfying increasing market needs, cutting costs, and streamlining industrial processes as population increase, urbanization, and economic development propel chemical demand. Global chemical manufacturing capacity expansion is driving demand for catalysts in various applications. Eventually, drives the growth of the chemical catalyst market.


Increasing prices of raw materials

Cost inflation is the main effect of growing raw material prices. Various metals, rare earth elements, and other specialty compounds are frequently used to make chemical catalysts. The cost of producing catalysts is directly affected by any rise in these materials' price. Higher costs for obtaining, processing, and refining raw materials into catalysts will ultimately force manufacturers to raise the price of their finished goods. The supply chain of companies that make chemical catalysts may be affected by abrupt rises in the cost of raw materials.

Suppliers may find it challenging to obtain sufficient raw materials at reasonable costs, which could cause production to stall or stop altogether. Such hiccups can potentially affect downstream industries like petrochemicals, autos, and pharmaceuticals, which depend on chemical catalysts throughout the supply chain. This limits the growth of the chemical catalyst market.


Use of AI and ML in catalyst development

Among the many industries that artificial intelligence is transforming, the chemical sector has seen the most rapid advancements in AI-driven innovation in recent years. Chemical catalyst manufacturers have much to gain from applying AI and ML in catalyst development since it expedites design, optimization, and discovery. These technologies can analyze large volumes of data from simulations and experiments to find new catalyst shapes and compositions with higher performance and selectivity. With AI and ML, highly effective catalysts customized for specific industrial processes can be developed faster and at a lower cost through trial-and-error expenses. This promotes the development of greener and more sustainable chemical processes and increases the competitiveness of catalyst producers, by opening an opportunity for the growth of the chemical catalyst market.

Type Insights

The heterogeneous segment dominated the chemical catalyst market in 2023. Filtration or centrifugation are easy methods for separating heterogeneous catalysts from reaction products. This is a significant benefit for industrial applications where the purification of the product is an essential step. Recovering and repurposing the catalyst effectively reduces waste and lowers operating expenses. Creating heterogeneous catalysts with qualities suited for specific processes is possible.

Chemical Catalyst Market Share, By Type, 2023 (%)

Particle size, shape, and active site composition can all be precisely altered as part of this modification, giving you exact control over reaction routes and product distribution.  They work well when scaled up from the lab to the industrial level. Compared to the frequently more complicated setups needed for homogeneous catalysis, fixed-bed reactors, commonly employed in industry, are simpler to construct and scale.

The homogeneous segment shows notable growth in the chemical catalyst market during the forecast period. As homogeneous catalysts are in the same phase as the reactants, which are usually liquid, mixing is more effective and uniform. Because more active sites are available in homogeneous catalysts than in heterogeneous catalysts, they frequently exhibit higher activity. By carefully adjusting them, these catalysts can selectively reduce waste and by-products while producing the required goods. This selectivity is significant in the pharmaceutical and fine chemical sectors, where product purity is critical.

Material Insights

The metal and metal oxides segment dominated in the chemical catalyst market in 2023. Due to their high catalytic efficiency, metals and metal oxides can catalyze chemical reactions more quickly and selectively. Their distinct surface characteristics and electrical structures, which promote reactant adsorption and activation, are the sources of this efficiency. Many active sites in metals such as rhodium, palladium, and platinum make them excellent catalysts for oxidation, polymerization, and hydrogenation. High surface area metal oxides, including titanium dioxide (TiO2) and zirconium dioxide (ZrO2), improve the interaction between the molecules of the reactant and the catalyst.

Chemical Catalyst Market Share, By Material, 2023 (%)

The zeolites segment is the fastest growing in the chemical catalyst market during the forecast period. Zeolites have a well-defined microporous structure with high selectivity and a vast surface area. This enables efficient catalytic activity, making them useful in a variety of chemical reactions. Excellent ion exchange characteristics are essential for catalytic reactions, and zeolites have them. Their ability to exchange cations within their structure without causing substantial structural changes allows for various catalytic uses.

Zeolites are used in automobile catalytic converters to lower dangerous emissions. They contribute to cleaner air by assisting in the reduction of nitrogen oxides (NOx) and the oxidation of carbon monoxide (CO) and hydrocarbons (HC). 

Form Insights

The powder segment dominated the chemical catalyst market in 2023. Due to their high surface area to volume ratio, powder catalysts provide more active sites for chemical reactions. This increases their catalytic efficiency over other forms, such as pellets or granules, making them more efficient at accelerating processes. Powders are easily combined with reactants to guarantee a uniform catalyst dispersion within the reaction mixture. Catalytic activity must be consistent, and this consistency is necessary. They are appropriate for various industrial operations since they are easily dissolved in different solvents or substrates.

Process Insights

The fluid catalytic cracking (FCC) segment dominated in the chemical catalyst market in 2023. A chemical process known as fluid catalytic cracking uses a catalyst to break down bigger molecules into smaller ones to produce gasoline and distillate fuels. This technique greatly increases the production of high-demand fuels from crude oil, which is crucial for supplying the world's energy needs. FCC units provide economic efficiency by optimizing the transformation of heavy oil fractions into lighter, more valuable products.

Their capacity to transform low-grade crude oils into highly sought-after fuels makes them an economical option for refineries. This economic advantage bolsters their market domination and broad adoption in the chemical catalyst industry.

Application Insights

The petrochemicals segment dominated the chemical catalyst market in 2023. Since petrochemical goods are widely used in many industries, including electronics, automotive, construction, packaging, and textiles, there has been an increase in demand for them globally. Catalyst use has increased due to the growth of petrochemical production facilities in response to this expanding demand. Industry has adopted more ecologically friendly and efficient catalytic processes due to environmental regulations and the movement towards sustainability.

Catalysts that lower emissions and energy consumption in petrochemical processes have been used due to stricter environmental restrictions and the drive for more environmentally friendly manufacturing techniques. Due to catalysts, the industry can comply with regulations while upholding high standards of output quality and production efficiency.

Chemical Catalyst Companies

Chemical Catalyst Market Companies

  • Clariant AG
  • Johnson Matthey PLC
  • W. R. Grace & Co.
  • Arkema SA
  • Royal Dutch Shell PLC
  • Chevron Phillips Chemical Company LLC
  • Exxon Mobil Corporation
  • DuPont de Nemours, Inc.
  • Haldor Topsoe A/S
  • Evonik Industries AG
  • Sinopec Catalyst Company

Recent Developments

  • In April 2024, Clariant, a specialty chemical manufacturer emphasizing sustainability, announced the release of CATOFIN 312, its most recent catalyst for propane dehydrogenation. The new catalyst has a 20% longer life and is more selective.
  • In September 2022, BASF unveiled CircleStar, a cutting-edge dehydration catalyst designed to handle sustainable feedstocks. The new star-shaped catalyst converts ethanol to ethylene (E2E) with 99.5% selectivity. CircleStar helps reduce the carbon footprint in the bio-ethylene value chain for products ranging from jet fuel to plastics by more than 10 percent while maintaining the same performance. It works at a temperature over 25°C lower than conventional processes.

Segments Covered in the Report

By Type

  • Heterogeneous
  • Homogeneous

By Material

  • Metal and Metal Oxides
  • Zeolites
  • Chemical Compound

By Form

  • Powder
  • Bead
  • Extrudate
  • Others

By Process

  • Fluid Catalytic Cracking (FCC)
  • Hydrogenation
  • Oxidation
  • Isomerization
  • Alkylation
  • Polymerization
  • Others

By Application

  • Petrochemicals
  • Chemical Synthesis
  • Environmental Catalysis
  • Polymerization
  • Refining
  • Pharmaceuticals
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The global chemical catalyst market size is expected to increase USD 61.46 billion by 2033 from USD 39.50 billion in 2023.

The global chemical catalyst market will register growth rate of 4.52% between 2024 and 2033.

The major players operating in the chemical catalyst market are BASF SE, Clariant AG, Johnson Matthey PLC, W. R. Grace and Co., Arkema SA, Royal Dutch Shell PLC, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, DuPont de Nemours, Inc., Haldor Topsoe A/S, Evonik Industries AG, Sinopec Catalyst Company and Others.

The driving factors of the chemical catalyst market are the growth of various industrial processes and chemical processes are critical in manufacturing, refining, and treating products in these industries.

Asia Pacific region will lead the global chemical catalyst market during the forecast period 2024 to 2033

Proceed To Buy

USD 5400
USD 3800
USD 2100
USD 2100
USD 7500

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client