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Catalysts Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMCH21522

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Published On

November 2021

Total pages

207 Table of Content

Market Overview
Scope Of The Report
Product covered
Table Of Content
Research Methodology
FAQs

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About the Report

Growing industrialization and increasing reliance on petroleum and chemical products has resulted in the increase in the production activity from these industries. However, to meet the increasing requirement, industry started using catalyst to increase the reaction time and improve yield. For instance, catalysts are used in catalytic hydrotreating process in petroleum refining for removing over 99% of contaminants such as nitrogen, sulfur, oxygen, and metals from liquid petroleum fractions. Further, increasing dependency on petroleum products has resulted in emission of hazardous substances which has a severe impact on environment and human health. Transportation industry is among the largest contributor of Co2 emission. In 2018, transportation was responsible for 25% of direct CO2 emissions from fuel combustion. Therefore, to reduce the hazardous emission from automobiles, governments across the globe mandated catalytic converter in the automobiles to reduce emission of toxic substances. Studies reveal that these devices can decrease hydrocarbon emissions by about almost 87%, carbon monoxide by 85%, and nitrous oxide by 62% during the expected life of a vehicle. The catalyst used in the converter is mostly a precious metal such as platinum, palladium and rhodium.

Based on material, the market is categorized into chemicals, metals, zeolites, and others. Among these, metals held the substantial share in the market as they found application at most of the catalyst application areas owing to their ability to exists in a variety of oxidation states, interchange between oxidation states, form complexes with organic ligands, and act as a good source of electrons. Examples of heterogeneous catalysts are pure metals such as platinum (Pt), palladium (Pd,) and iridium (Ir).

Based on type, the market is categorized into heterogenous catalyst and homogenous catalyst. Of both, heterogenous catalyst held the dominating position in the market and is expected to retain its position during the forecast period. Heterogenous catalysts are consists of metals, metals alloys, metal oxides, metal sulfides, zeolites which are widely used in the industrial processes. Owing to which, heterogenous held the dominating share in the market.

Based on application, the market is categorized into chemical synthesis, petroleum refining, polymers and petrochemicals, environmental, and others. Among these, environmental capture the considerable market share owing to increasing environment protection activities. For instance, it is mandatory to install catalytic convertor in all types of cars. Further, it is modified and used on trucks, buses, forklifts, mining equipment, generator sets, locomotives, motorcycles, airplanes and other engine-fitted devices.

For a better understanding of the market adoption of Aerospace Material, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific held the significant market share in the global market owing to large and growing base of chemical, petroleum, and petrochemical industries and its associated sectors along with large automotive market in the market which requires catalytic convertors. Further, increasing focus on environmental protection has opened new areas of environmental catalyst in the region. This is further likely to boost the regional catalyst market.

Some of the major players operating in the market include Albemarle Corporation, Haldor Topsoe A/S, BASF SE, Evonik Industries AG, LyondellBasell Industries Holding B.V., The Dow Chemical Company, Exxon Mobil Corporation, Clariant AG, Chevron Philips Chemical Company LLC, and Arkema S.A.

Scope of the Report

Products

The global Catalysts market was stood around USD 33 billion in 2020 and is expected to demonstrate the growth of 4% during the forecast period.

Companies

Albemarle Corporation, Haldor Topsoe A/S, BASF SE, Evonik Industries AG, LyondellBasell Industries Holding B.V., The Dow Chemical Company, Exxon Mobil Corporation, Clariant AG, Chevron Philips Chemical Company LLC, and Arkema S.A.

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Catalysts Market

2.2. Research Methodology of the Catalysts Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Catalysts Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL CATALYSTS MARKET COVID-19 IMPACT

6 GLOBAL CATALYSTS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY MATERIAL

7.1. Chemicals

7.1.1. Peroxides

7.1.2. Acids

7.1.3. Amines

7.1.4. Others

7.2. Metals

7.2.1. Base Metals

7.2.2. Precious Metals

7.3. Zeolites

7.4. Others

8 MARKET INSIGHTS BY TYPE

8.1. Heterogenous Catalyst

8.2. Homogenous Catalyst

9 MARKET INSIGHTS BY APPLICATION

9.1. Chemical Synthesis

9.2. Petroleum Refining

9.3. Polymers and Petrochemicals

9.4. Environmental

9.5. Others

10 MARKET INSIGHTS BY REGION

10.1. North America Catalysts Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Catalysts Market

10.2.1. Germany

10.2.2. France

10.2.3. United Kingdom

10.2.4. Spain

10.2.5. Rest of Europe

10.3. Asia Pacific Catalysts Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia Pacific

10.4. Rest of World Catalysts Market

11 CATALYSTS MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 CATALYSTS MARKET OPPORTUNITIES

13 CATALYSTS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Competitive Landscape

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Albemarle Corporation

18.2. Haldor Topsoe A/S

18.3. BASF SE

18.4. Evonik Industries AG

18.5. LyondellBasell Industries Holdings B.V.

18.6. The Dow Chemical Company

18.7. Exxon Mobil Corporation

18.8. Clariant AG

18.9. Chevron Phillips Chemical Company LLC

18.10. Arkema S.A.

19 DISCLAIMER

Research Methodology

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