A catalyst is a substance that changes the rate of reaction but does not change the standard Gibbs free energy of the reaction. Catalyst can improve the reaction efficiency, reduce the energy required for reaction, but also can meet the requirements of environmental protection, so the role of petroleum, chemical industry, environmental protection field is more and more important.
According to the new market research report “Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Catalyst market size is projected to reach USD 36.42 billion by 2030, at a CAGR of 5.0% during the forecast period.
- Global Catalyst MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Catalyst Top22Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Catalyst include BASF, Johnson Matthey, Umicore, Grace, Cataler, Albemarle, Shell Catalysts & Technologies, Clariant, Sinopec, Evonik Industries, etc. In 2023, the global top 10 players had a share approximately 78.0% in terms of revenue.
- Catalyst,Global Market Size, Split by Product Segment
Source: QYResearch, "Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Precious Metal Catalyst is the largest segment, hold a share of 55.3%.
- Catalyst,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Environment is the largest segment, hold a share of 46.3%.
Market Drivers:
The vast majority of industrial chemical reactions are carried out under the action of catalysts, which involve a wide range of fields such as petroleum refining, organic synthesis, polymer production, inorganic chemical industry, pharmaceutical industry, and three wastes treatment. A catalyst with high activity, high selectivity, easy operation and long service cycle plays an important role in reducing raw materials and energy consumption, improving equipment productivity, improving product quality, reducing three wastes and preventing environmental pollution, and the economic and social benefits brought by it are huge.
The use of appropriate catalysts can accelerate chemical reactions, promote technological innovation, greatly reduce product costs, improve product quality, and synthesize products that can not be obtained by other methods. Therefore, the indirect effect of catalysts on improving industrial economic benefits is immeasurable.
Restraint:
Catalyst industry standards are not systematic. The quality of service largely depends on the personal ability of practitioners, so it is difficult to form large-scale management and replication.
The service quality of catalyst industry is difficult to control, resulting in frequent quality problems. The lack of supervision seriously affects the user experience.
Catalyst industry supply chain and service process is complex. Small enterprises are difficult to sustain, the initial investment is too large, it is difficult to fight a price war.
Product standardization in the catalyst industry is too low, resulting in long production cycles and high costs.
Due to the lack of infrastructure, technical defects and insufficient accumulation, industrial system is not standardized and other historical reasons, resulting in the catalyst industry started late. Product quality and service are not in place, industry supply is insufficient, and the degree of industrialization is low. This makes it difficult for users to meet their needs in time. The industry urgently needs to improve the quality of products and services, optimize the allocation of basic resources, consolidate the ability of product technology update and iteration, and solve the urgent needs and pain points of users.
Taking the oil refining industry as an example, in the global economic recession and China's economy in the downward cycle of the environment, the oil refining industry has overcapacity, its directly related to the oil refining catalyst industry must not be immune. In the big cycle of economic downturn, the business risks of downstream customers may have a negative impact on the business of catalyst companies.
Although the catalyst has a very important position in various fields, the catalyst will produce toxic gases in the production process. Even in the process of catalyst loading, a small amount of dust will be produced, and the catalyst dust contains potentially toxic metal compounds, which not only causes harm to the human body, but also causes a certain degree of pollution to the environment.
Trend:
In the future, the industry will develop in the direction of consumption, green and environmental protection, and the synergy of industrial development and environmental protection can be achieved by reducing the use of harmful raw materials and auxiliaries, improving the catalytic reaction decomposition treatment and recycling process, and improving the recovery rate. In the petrochemical industry, new materials need to be developed as soon as possible to replace traditional materials. Because oil is a non-renewable resource, it can reduce the gradual decline of oil in the future. Currently, we are developing substances that can replace petrochemical products from natural gas and other substances.
Environmental catalysts are mainly used in catalytic converters of automobile exhaust gas. The exhaust gas emitted by vehicles contains carbon monoxide, nitrogen oxides, hydrocarbons, sulfur dioxide, lead and other harmful substances, which will cause harm to the atmospheric environment. The automobile exhaust catalyst can convert these harmful substances into carbon dioxide, nitrogen, water and other substances to reduce the pollution of the atmospheric environment. The automobile exhaust catalyst can treat the harmful substances in the automobile exhaust harmlessly and reduce the pollution to the atmosphere environment. In the case of increasing global car ownership and increasing environmental pressure, the importance of the development of automobile exhaust catalyst industry is becoming increasingly prominent.
The advent of new catalytic materials or new catalytic processes often leads to revolutionary industrial changes, and accompanied by huge social and economic benefits. The innovation of new catalysts, efficient catalytic reaction technology, new catalytic materials and common catalyst preparation technology is the core of promoting the development of chemical industry. Among them, the development of environmental protection catalytic process and corresponding new catalysts and catalyst preparation refinement is the key, and it is also the main development direction of catalyst technology in the future.
About The Authors
Yin Hang
Lead Author
Email: yinhang@qyresearch.com
Tel: +86-18310165532
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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