Catalyst Market to Surpass USD 33.19 Billion, Expanding at 4.08% CAGR by 2030

WASHINGTON - March 27, 2025 - PRLog -- The rapid industrialization, stringent environmental regulations, as well as the ever-increasing inclination towards sustainability for emission control and effective waste management, propels the incredible demand for catalyst market across globe. Moreover, the other prominent factors such as expanding petrochemical industry coupled with ever-increased demand for plastics and polymers, and the rapidly growing automotive sector facilitates exponential growth of global catalyst market.

What is Driving the Growth of the Global Catalyst Market?

According to the latest report published by Markntel Advisors, 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. This growth is significantly attributed to the booming consumer goods industry, fuelled by rising urbanization and rising population levels.

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How is Global Catalyst Market Segmented?

ByType:

• Zeolites,
• Metals,
• Chemical Compounds,
• Enzymes,
• Organometallic Materials

By Process:

• Recycling,
• Regeneration,
• Rejuvenation

By Application:

• Petroleum Refining,
• Chemical Synthesis,
• Polymer Catalysis,
• Environmental

By Region:

• North America,
• South America,
• Europe,
• The Middle East & Africa,
• Asia-Pacific

How is the Catalyst Market Expanding Across Industries?

• Petrochemical Industry: Catalysts play a crucial role in refining crude oil, enhancing fuel efficiency, and reducing emissions.
• Automotive Sector: The rise of catalytic converters to meet stringent emission regulations is propelling market demand.
• Pharmaceuticals: Catalysts are essential in drug synthesis, improving efficiency in chemical reactions.
• Environmental Applications: Growing adoption in wastewater treatment and air purification processes is further expanding market opportunities.

Which Factors are Fueling the Demand for Catalysts?

• Stricter Environmental Regulations
• Technological Advancements
• Growing Energy Demand
• Sustainable and Green Chemistry Trends
• Implementation Stringent environmental regulations

Which Regions Dominate the Catalyst Market?

• North America: Leading due to strong investments in the petrochemical and automotive sectors.
• Europe: Driven by stringent emission standards and research in sustainable catalysts.
• Asia-Pacific: Rapid industrialization in China, India, and Japan fuels market growth.
• Middle East & Africa: Expansion in the oil & gas industry boosts catalyst demand.

What are the Key Challenges in the Catalyst Market?

• High Production Costs
• Raw Material Price Volatility
• Stringent Regulatory Approvals

Who are the Leading Players in the Catalyst Market?

• Albemarle Corporation,
• BASF SE,
• Evonik Industries AG,
• Honeywell UOP,
• Zeolyst International,
• Exxon Mobil Corporation,
• Others

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