Global Industrial Catalyst Market Expected to Reach USD 33.1 Billion by 2033 - IMARC Group

December 11, 2024 | Chemical & Materials

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Global Industrial Catalyst Market Statistics, Outlook and Regional Analysis 2025-2033

The global industrial catalyst market size was valued at USD 24.5 Billion in 2024, and it is expected to reach USD 33.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.34% from 2025 to 2033.

Industrial Catalyst Market

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The industrial catalyst market is witnessing significant advancements driven by a surge in demand for cleaner and more sustainable energy solutions. In contrast, the push toward decarbonization and green energy transitions is creating new opportunities for innovative catalyst technologies. Industrial catalysts are pivotal in reducing emissions and enhancing the efficiency of hydrogen, ammonia, and methanol production. Besides this, the increasing adoption of AI and nanotechnology in catalyst design is enabling the development of highly specialized solutions. For example, in November 2024, Clariant launched its Plus series industrial syngas catalysts, including ReforMax LDP Plus, ShiftMax 217 Plus, and AmoMax 10 Plus. These catalysts enhance efficiency and sustainability in hydrogen, ammonia, and methanol production, supporting global efforts to transition to green and blue energy.

At the same time, the integration of artificial intelligence and nanoporous synthesis further drives the evolution of the industrial catalyst market. In November 2024, Meta and VSParticle introduced the largest open-source catalyst database, identifying 525 electrocatalysts for CO₂ reduction and clean energy solutions. This initiative bridges AI-driven predictions with experimental validation, thereby significantly accelerating catalyst discovery and application. Moreover, the market benefits from targeted investments in cost-efficient and high-performance catalyst technologies. For instance, in November 2024, BASF Environmental Catalyst and Metal Solutions inaugurated a hydrogen component lab in Hannover, Germany, focusing on developing advanced PGM-containing catalysts for water electrolysis. This facility emphasizes low-iridium, cost-effective solutions to support green hydrogen production and global decarbonization. Collectively, these developments highlight the dynamic growth of the industrial catalyst market, aligning with the increasing focus on sustainable energy practices and technological advancements.

Global Industrial Catalyst Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia-Pacific, North America, Europe, the Middle East and Africa, and Latin America. According to the report, Asia-Pacific dominates the industrial catalyst market due to rapid industrialization, the expanding automotive production, and stringent environmental regulations.

North America Industrial Catalyst Market Trends:

In North America, the market is emphasizing sustainability with innovations in bio-based catalysts. In the U.S., companies like ExxonMobil are developing catalysts for renewable fuels to meet strict environmental regulations. Furthermore, the demand for refining catalysts is rising, driven by shale oil processing, and growth in sectors like petrochemicals and clean energy technologies ensures the region's strong focus on advanced catalytic processes.

Europe Industrial Catalyst Market Trends:

Europe is advancing in green hydrogen production, with Germany leading projects integrating catalysts for electrolyzers. In addition, catalysts for emission reduction in automotive and industrial applications are gaining traction due to strict EU environmental policies. Also, the region invests in catalysts for chemical recycling of plastics, thereby enhancing circular economy initiatives. Meanwhile, companies like BASF are innovating in catalytic technologies for sustainability goals.

Asia-Pacific Industrial Catalyst Market Trends:

Asia-Pacific is dominating the market, driven by the region's emphasis on sustainable practices and cleaner technologies further drives demand for advanced catalysts. In August 2024, BASF Catalysts India inaugurated an RD&A lab in Chennai’s Mahindra World City, focused on developing vehicle emission control catalysts tailored to hydrogen, CNG, and biofuels. This aligns with India's push for stricter emission standards and cleaner fuels in the automotive sector. In addition to this, growing investments in renewable energy and chemicals manufacturing reinforce Asia Pacific's position as a key driver of the market.

Latin America Industrial Catalyst Market Trends:

In Latin America, Brazil drives demand for catalysts in bioethanol production, reflecting the region's focus on renewable energy. Also, industrial catalysts are pivotal in the region's expanding petrochemical sector, addressing refining and polymer production needs. Latin America explores catalytic solutions for sustainable manufacturing with increasing investments in green technologies, particularly in sugarcane-based ethanol processes.

Middle East and Africa Industrial Catalyst Market Trends:

The Middle East is focusing on refining catalysts for natural gas and oil processing, with Saudi Arabia investing in advanced technologies. In Africa, South Africa drives demand for catalysts in platinum group metal refining, essential for automotive and chemical applications. Moreover, the region also explores catalysts for hydrogen production as part of energy diversification strategies, thereby balancing resource dependence with innovation.

Top Companies Leading in the Industrial Catalyst Industry

Some of the leading industrial catalyst market companies include Albemarle Corporation, Arkema S.A., BASF Corporation, Clariant AG, Evonik Industries AG, Exxon Mobil Chemical Corporation, Akzo Nobel N.V., Chevron Phillips Chemical Company, and The DOW Chemical Company, among many others. In March 2024, Evonik launched octamax, a sustainable NiMo and CoMo catalyst for refinery applications. Designed for FCC gasoline hydrodesulfurization, it enhances sulfur removal, maximizes octane retention, reduces landfill waste through catalyst regeneration, and supports refineries in producing ultra-low sulfur gasoline sustainably and cost-effectively.

Global Industrial Catalyst Market Segmentation Coverage

On the basis of the type, the market has been bifurcated into heterogeneous catalysts, homogeneous catalysts, and biocatalysts, wherein heterogeneous catalysts represent the most preferred segment. They are extensively used in the petrochemical and refining sectors, particularly in processes, such as cracking, reforming, hydrodesulfurization, and hydrotreating.
Based on the raw material, the market is categorized into mixed, oxide, metallic, sulfide, and organometallic, amongst which mixed dominates the market. Mixed catalysts can involve combinations of metallic, oxide, or other types tailored for specific industrial reactions.
On the basis of the application, the market has been divided into petroleum refinery, chemical synthesis, petrochemicals, and others. Among these, petroleum refinery exhibits a clear dominance in the market. Catalysts are essential in transforming crude oil into valuable products like gasoline, diesel, jet fuel, and other petrochemical feedstocks.

Report Features	Details
Market Size in 2024	USD 24.5 Billion
Market Forecast in 2033	USD 33.1 Billion
Market Growth Rate 2025-2033	3.34%
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Raw Material Application Region
Types Covered	Heterogeneous Catalysts, Homogeneous Catalysts, Biocatalysts
Raw Materials Covered	Mixed, Oxide, Metallic, Sulfide, Organometallic
Applications Covered	Petroleum Refinery, Chemical Synthesis, Petrochemicals, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Albemarle Corporation, Arkema S.A., BASF Corporation, Clariant AG, Evonik Industries AG, Exxon Mobil Chemical Corporation, Akzo Nobel N.V., Chevron Phillips Chemical Company, The DOW Chemical Company, etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Browse IMARC Related Reports on Industrial Catalyst Market:

North America Industrial Catalyst Market Report

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Global Industrial Catalyst Market Expected to Reach USD 33.1 Billion by 2033 - IMARC Group

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