Catalyst Market to Reach USD 33.19 Billion by 2030, Driven by Sustainability Trends

BREMERTON, Wash. - Feb. 17, 2025 - PRLog -- One of the leading consulting, data analytics, and market research firm, Markntel Advisors, published a recent report titled, "Global Catalyst Market Research Report: Forecast (2025-2030)". The market is predicted to grow significantly in the coming years. The prominent factors that facilitate industry expansion are the rising government interference in the Catalyst market. With the rising implementation of stringent environmental regulations and emission standards worldwide, companies are compelled to switch to cleaner and sustainable production processes. Here, catalysts play a crucial role in emission reduction, waste treatment, and pollution control.

What is the Future Market Size of the Global Catalyst Industry and its Yearly Growth Rate?

The Global Catalyst Market size was valued at around USD 27.18 billion in 2024 and is projected to reach USD 33.19 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.08% during the forecast period, i.e., 2025-30.

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Who are the Main Competitors Driving the Global Catalyst Market Forward?

Major companies operating in the industry are Albemarle Corporation, Haldor Topsoe A/S, BASF SE, Evonik Industries AG, LyondellBasell Industries Holdings B.V., Arkema, The Dow Chemical Company, Clariant AG, W. R. Grace & Co.-Conn., Johnson Matthey, Axens, Honeywell UOP, Zeolyst International, Exxon Mobil Corporation, Umicore, and others.

What is the Segmentation of the Global Catalyst Market?

The Global Catalyst market covered in this report is segmented –

• By Type: Zeolites, Metals, Chemical Compounds, Enzymes, and Organometallic Materials
• By Process: Recycling, Regeneration, and Rejuvenation
• By Application: Petroleum Refining, Chemical Synthesis, Polymer Catalysis, and Environmental

What is the Regional Insights of Growing Industry?

North America was the largest region in the market in historic years and Asia-Pacific region is expected to boost its performance in upcoming years. The regions covered in the marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. This predicted growth is attributed to the presence of significant industrial sectors and the massive demand for catalysts in various end-user verticals like petrochemicals, chemicals, refining, and environmental applications, among others.

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Frequently Asked Questions (FAQs)-

1. What is the expected CAGR value of the Catalyst Market during the forecast period?
2. What are the trends influencing the current scenario of the Catalyst market?
3. What key factors would propel and impede the industry across the Country?
4. Which is the Leading type segment in the Global Catalyst market?