The heterogeneous catalyst from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Heterogeneous Catalyst Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The heterogeneous catalyst market size has grown strongly in recent years. It will grow from $26.42 billion in 2023 to $27.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increased applications in the automotive sector, increased need for emissions control, increased use in the production of biofuels, increased demand for hydrogen, rise in demand for zeolites.
The heterogeneous catalyst market size is expected to see strong growth in the next few years. It will grow to $35.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing demand for efficient and sustainable chemical processes, stringent environmental regulations, growing emphasis on sustainability, transition to cleaner energy sources, growing demand for petrochemicals. Major trends in the forecast period include advancements in nanotechnology, demand for novel catalyst materials, advancements in catalytic converters, demand for chemical synthesis, demand for metal-based catalysts.
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Scope Of Heterogeneous Catalyst Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Heterogeneous Catalyst Market Overview
Market Drivers –
The increasing demand for chemicals is expected to propel the growth of the heterogeneous catalyst market going forward. The growing demand for chemicals is due to growth demand from manufacturing, pharmaceuticals, and agriculture industries, technological innovations, and a shift towards sustainable practices and green technologies. The heterogeneous catalysts play a critical role in meeting the growing demand for chemicals across various industries by improving chemical processes’ efficiency, cost-effectiveness, scalability, and environmental sustainability. For instance, in July 2023, according to the US Bureau of Labor Statistics, a US-based government agency, the trade value of the US chemical manufacturing products exported in 2022 amounted to $288.0 billion, reflecting a growth of 13.4% compared to 2021. Therefore, the increasing demand for chemicals drives the demand for the heterogeneous catalyst market.
Market Trends –
Major companies operating in the heterogeneous catalyst market are focused on developing innovative products, such as propane dehydrogenation (PDH) catalysts, to enhance PDH catalysts’ performance in industrial-scale propylene production. Propane dehydrogenation (PDH) catalysts are a type of heterogeneous catalyst used to convert propane into propylene by removing hydrogen. For instance, in April 2024, Clariant, a Switzerland-based chemical company, launched CATOFIN 312, the latest propane dehydrogenation catalyst. The CATOFIN 312 catalyst is part of Clariant’s CATOFIN technology, which is recognized for producing olefins such as propylene, isobutylene, and butylene/butadiene. The technology integrates Clariant’s custom-designed catalysts and Heat Generating Material (HGM) with Lummus’s advanced process, establishing it as one of the rapidly expanding technologies for propylene production.
The heterogeneous catalyst market covered in this report is segmented –
1) By Product: Metal-Based, Chemical-Based, Zeolites-Based, Other Products
2) By Application: Petroleum Refining, Chemical Synthesis, Environmental Catalysis, Polymerization, Hydrogenation, Other Applications
3) By End-User Industry: Oil And Gas, Chemicals And Petrochemicals, Environmental, Other End-User Industries
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Regional Insights –
Asia-Pacific was the largest region in the heterogeneous catalyst market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heterogeneous catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the heterogeneous catalyst market are Shell Plc, BASF SE, ExxonMobil Chemical, Rio Tinto Ltd., SABIC Corp., LyondellBasell Industries Holdings B.V., Honeywell International Inc., Heraeus Group, Evonik Industries AG, Johnson Matthey Plc, Sinopec Group, Solvay SA, DuPont de Nemours Inc, Arkema Group, INEOS Group AG, Albemarle Corporation, Clariant International AG, JGC Catalysts and Chemicals Ltd, Umicore NV, Haldor Topsoe A/S, Axens SA, Gelest Inc., Zeolyst International Inc, AGGARWAL Chempack Industries Private Limited, W.R. Grace & Co
Table of Contents
1. Executive Summary
2. Heterogeneous Catalyst Market Characteristics
3. Heterogeneous Catalyst Market Trends And Strategies
4. Heterogeneous Catalyst Market – Macro Economic Scenario
5. Global Heterogeneous Catalyst Market Size and Growth
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32. Global Heterogeneous Catalyst Market Competitive Benchmarking
33. Global Heterogeneous Catalyst Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Heterogeneous Catalyst Market
35. Heterogeneous Catalyst Market Future Outlook and Potential Analysis
36. Appendix
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