Catalyst Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2020 – 2024

Felton, California , USA, Jan 22, 2021 — /EPR Network/ — 

Global Catalyst Market is estimated to reach USD 34.3 billion by 2024 owing to the increasing use of catalysts for reducing the cost of manufacturing chemicals, polymers and petrochemicals. A catalyst is a material that speeds up chemical reactions at a usually faster rate or under different conditions like lower temperature or any other. Catalysts control the rate of chemical reaction by raising or lowering the activation energy of the processes. The different catalysts available in the market include zeolites, chemical compounds, enzymes, and metals that are used in the industries like industrial reaction, automotive, oil & gas, construction, and others.

Growth in macroeconomics trends like ever-growing population along with surging economic progress in developing economic, strict environmental regulations about automotive emissions and rise in number of applications in end use industries are few factors driving catalyst market. Asia Pacific is predicted to register substantial growth in the coming years due to increase in demand for automotive from developing countries like China and India. Additionally, rise in standards of living and speedy industrialization activities in these regions support the growth of market.

Access Catalyst Market Report with TOC @

Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Zeolites
  • Metals
  • Base Metals
  • Precious Metals
  • Chemical Compounds
  • Peroxide
  • Acid
  • Amines & Others
  • Others

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

  • Heterogeneous
  • Homogenous

Moreover, development of biochemical through catalysis is predicted to introduce new opportunities for future growth in near future. However, controlled development and distribution of new catalysts hamper the growth of catalyst market. Biocompatibility of enzyme catalysts has made catalysts perfect for manufacturing wide range of life science and food products like ointments, packaged foods, cosmetics, and processed dairy products.

The demand for polymerization catalyst is expected to rise considerably with respect to accelerating global polymer production. Nevertheless, the commodity nature of several polymers and the related raw materials prices will stimulate focus on product differentiation that will boost a shift in polymer catalyst product mix, especially in the developed nations. catalyst demand is expected to be strong in Middle East and Asia where low price commodity polymer is predicted to expand at a steady rate. In some parts of Europe and North America, polymer production is expected to be uncertain, but manufacturers in those areas will focus more on specialized products to sustain in the catalyst market on the global scale. Such a focus will result in increased demand for Ziegler-Natta and single-site catalysts

The key players in catalyst market comprise Arkema SA, Bayer AG, Borealis AG, Dow Chemical Company, Chevron Corporation, Chevron Phillips Chemical Company LLC, DuPont (EI) de Nemours, Evonik Industries AG, Mitsubishi Gas Chemical Company Incorporated, Eastman Chemical Company, Criterion Catalysts & Technologies, Exxon Mobil Corporation, Fábrica Carioca de Catalisadores, Haldor Topsøe A/S, Johnson Matthey plc, BASF SE, Akzo Nobel NV, China Petroleum & Chemical Corporation, Akzo Nobel NV, and Febex, FMC Corporation.

Request a Sample Copy of Catalyst Market Report @

Geographically, the market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the availability of labor, raw material, and low cost for setting up manufacturing units for industrial catalyst, Asia Pacific is anticipated to hold larger share of catalyst market.

Visit Our Blog:

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA


Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria,

Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184



Matched content

Editor’s pick

Express Press Release Distribution