Catalyst Market to Grow with a CAGR of 4.58% through 2030

Rising Automotive Production and Electrification Trends and Urbanization and Industrial Growth in Emerging Markets are expected to drive the Global Catalyst Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Catalyst Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Catalyst Market stood at USD 32.52 Billion in 2024 and is anticipated to grow with a CAGR of 4.58% in the forecast period.

the most powerful growth drivers in the Global Catalyst Market is the surging demand for cleaner fuels and value-added petrochemical products. Catalysts are fundamental to key refining processes such as hydrocracking, hydrotreating, catalytic reforming, and fluid catalytic cracking (FCC) technologies that are essential for transforming crude oil into gasoline, diesel, jet fuel, and other high-grade outputs. Rising global consumption of plastics, synthetic fibers, surfactants, and industrial solvents is amplifying the need for specialized petrochemical catalysts used in critical processes like alkylation, isomerization, and polymerization. As industrialization accelerates across emerging economies, new refinery and petrochemical infrastructure projects are creating sustained and recurring demand for both base and advanced catalysts.

Governments across major economies are tightening environmental regulations to curb air pollutants and greenhouse gas emissions. This regulatory pressure is directly fueling demand for emission control catalysts, including automotive catalytic converters, selective catalytic reduction (SCR) systems, and diesel oxidation catalysts (DOCs) all of which are instrumental in mitigating NOₓ, CO, and particulate emissions. Legislative frameworks such as Euro 6 (Europe), Bharat Stage VI (India), and China VI mandate the deployment of advanced emission technologies in internal combustion engine vehicles. Likewise, industrial facilities and power plants are increasingly integrating catalyst-based systems to meet air quality standards and corporate sustainability objectives.

The global chemical manufacturing sector continues to grow at a healthy pace, intensifying the need for high-performance catalytic solutions. Catalysts are central to a broad spectrum of complex reactions such as oxidation, hydrogenation, dehydrogenation, hydroformylation, and polymerization which underpin the production of fertilizers, pharmaceuticals, agrochemicals, and specialty chemicals.

As the industry prioritizes greener, safer, and more efficient manufacturing pathways, demand is rising for custom-engineered catalysts capable of reducing reaction time, minimizing energy consumption, and boosting conversion efficiency. However, the catalyst development lifecycle is inherently capital-intensive and technically demanding, often requiring multi-year investment in R&D, pilot testing, and scale-up validation. This complexity is compounded in next-generation applications such as CO₂ utilization, bio-based feedstock conversion, and green hydrogen production, where material science, reaction kinetics, and process engineering must converge. The high cost and extended timelines of catalyst innovation pose barriers for SMEs in cost-sensitive markets, limiting their access to advanced solutions.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Catalyst Market”

The Global Catalyst Market is segmented into raw material, product, application, regional distribution, and company.

Based on application, the Petroleum Refining segment has emerged as the predominant market leader, With global regulations such as IMO 2020 (marine fuel standards) and Euro VI/BS-VI (vehicular emissions) driving the shift toward cleaner fuels, refiners are under pressure to adopt more effective and selective catalysts. This is particularly evident in the demand for hydrodesulfurization (HDS) and dearomatization catalysts that reduce sulfur and aromatic content in transportation fuels.

New investments in refining infrastructure, especially across Asia Pacific, the Middle East, and Africa are further expanding the installed base of catalytic units. These regions are experiencing high energy consumption growth, fueling demand for domestic refining capacity equipped with state-of-the-art catalyst technologies. The industry trend toward refinery-petrochemical integration (e.g., Crude-to-Chemicals plants) increases the need for multi-functional catalysts that can facilitate both fuel refining and petrochemical production within a single complex, thereby expanding the overall catalyst usage per facility.

North America is positioned to witness the fastest growth in the Global Catalyst Market over the forecast period, driven by a combination of technological innovation, regulatory momentum, and strategic industrial investments across key end-use sectors such as refining, petrochemicals, chemicals, and environmental management. The region’s mature yet evolving refining sector is undergoing a wave of modernization and emissions-related upgrades. Refineries in the U.S. and Canada are increasingly adopting advanced catalysts to meet tighter fuel specifications and comply with EPA Tier 3 and California Air Resources Board (CARB) regulations. These mandates are pushing refiners to improve sulfur removal, aromatics reduction, and overall process efficiency, all of which require high-performance catalyst systems.

North America particularly the U.S. Gulf Coast has emerged as a global hub for petrochemical and chemical production, fueled by abundant shale gas and low-cost feedstocks. A strong pipeline of capacity expansion projects in ethylene, methanol, ammonia, and derivative products is boosting demand for catalysts used in steam cracking, alkylation, hydrogenation, and polymerization. Also, new investments in carbon capture, CO₂ utilization, and blue hydrogen production are creating opportunities for tailored catalytic technologies, reinforcing North America’s leadership in sustainable chemical processing.

Major companies operating in Global Catalyst Market are:

• Albemarle Corporation
• Topsoe A/S
• BASF SE
• Evonik Industries AG
• LyondellBasell Industries Holdings B.V.
• Arkema
• The Dow Chemical Company
• Johnson Matthey
• Clariant
• Exxon Mobil Corporation

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“The Global Catalyst Market is undergoing a strategic transformation, driven by the convergence of clean energy transitions, advanced chemical manufacturing, and increasingly stringent environmental regulations. As industries seek greater process efficiency, sustainability, and product yield, catalysts are becoming mission-critical enablers of innovation and compliance across refining, petrochemicals, chemicals, and environmental applications. With rising investments in green technologies, emerging applications in hydrogen and CO₂ conversion, and the regional expansion of industrial capacity particularly in Asia-Pacific and North America the catalyst market is well-positioned for sustained, high-value growth in the years ahead.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Catalyst Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Raw Material (Chemical Compounds, Metals, Zeolites, Others), By Product (Heterogeneous Catalyst, Homogeneous Catalyst), By Application (Petroleum Refining, Chemical Synthesis, Polymers and Petrochemicals, Environmental, Others), By Region, & Competition, 2020-2030F”, has evaluated the future growth potential of Global Catalyst Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Catalyst Market.

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