Heterogeneous Catalyst Market size was USD 25.9 billion in 2024 and is estimated to reach USD 49.4 billion by the end of 2037, expanding at a CAGR of 5.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of heterogeneous catalysts is assessed at USD 27.2 billion.
The science of heterogeneous catalysis is witnessing prominent advances specifically in microfabrication techniques and computational modelling. It has emerged as a transformative and indispensable agent in a wide array of industrial processes, ranging from the production of renewable fuels to component manufacturing in automobiles. Catalysis has become a cornerstone of modern industrial processes, with over 90% of all commercially produced chemicals heavily relying on it. The market is instrumental for petrochemicals, food production, pharmaceuticals, and energy. They lower the cost of expensive processes, allow raw materials conversion into valuable commodities, and improve air quality by reducing carbon emissions.
The oil and gas organizations make high use of heterogeneous catalysts in refining processes such as catalytic reforming and hydrocracking. Heterogeneous catalysts used in the hydrocracking process help to convert crude oil into lighter and more valuable products such as gasoline and diesel. Thus, the growth in production and sales of oil and gas are set to directly influence the demand for heterogeneous catalysts. The International Energy Agency (IEA) estimates that the global oil demand is estimated to reach 105.7 million barrels per day (mb/d) by 2028. The major factor increasing the oil demand is their swift consumption by the aviation and petrochemical industries. This statistic underscores that the high consumption of oil is fuelling the application of heterogeneous catalysts in their refining process.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.1% |
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Base Year Market Size (2024) |
USD 25.9 billion |
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Forecast Year Market Size (2037) |
USD 49.4 billion |
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Regional Scope |
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Product Type (Metal-based, Chemical-based, Zeolites-based, Others)
Metal-based segment is anticipated to hold heterogeneous catalyst market share of more than 40.4% by 2037, owing to its high catalytic activity. The ability of metal-based heterogeneous catalysts to effectively prompt specific transformations is contributing to their demand. The metal-based heterogeneous catalysts are highly valued by industries seeking optimal performance such as petroleum and chemical. Many researchers and industry players are focused on boosting profitability with cost-effective alternatives to expensive metals. For instance, in 2020, BASF announced the launch of a new Tri-metal catalyst, in partnership with Sibanye-Stillwater and Impala Platinum. The new catalyst offers a high-priced palladium substitute, thereby reducing catalytic converter costs for vehicle manufacturers and rebalancing market demand for Platinum Group Metals (PGM).
Application (Petroleum Refining, Chemical Synthesis, Environmental Catalysis, Polymerization, Hydrogenation, Others)
In heterogeneous catalyst market, petroleum refining segment is set to dominate revenue share of around 34.6% by the end of 2037. Heterogeneous catalysts are highly used in petroleum refining for their effectiveness in hydrocracking and catalytic processes that lead to faster reactions and high yields. The increasing petrol and other fuel demand is also contributing to the heterogeneous catalysts’ application growth in refining organizations. Industries in developing regions also make high use of gasoline products including petroleum, which promotes high demand for heterogeneous catalysts.
Our in-depth analysis of the heterogeneous catalyst market includes the following segments
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Product Type |
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Application |
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End use |
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Asia Pacific Market Forecast
Asia Pacific heterogeneous catalyst market is estimated to capture revenue share of around 43.9% by the end of 2037, owing to rapid industrialization in the region. The automotive and chemical companies have a strong presence in Asia Pacific and their rising production cycle is significantly pushing the adoption of heterogeneous catalysts for processing reactions. China and India are witnessing swift urban and industrial activities, whereas Japan and South Korea have the presence of advanced end use organizations, which is collectively pushing the Asia Pacific heterogeneous catalyst market growth.
China is a major industrial hub across the world, and the presence of industries such as automotive, chemical, and energy are pushing the demand for heterogeneous catalysts. For example, the country has a large number of vehicle production, and heterogeneous catalysts in this field drive essential reactions effectively which improves the fuel efficiency and performance of the automobiles. Thus, the growing vehicle ownerships are directly influencing the sales of heterogeneous catalysts in the country.
India has a strong presence in the oil & gas and chemical industries which are positively influencing the sales of heterogeneous catalysts. For instance, according to the India Brand Equity Foundation, the sales of chemicals and petrochemicals in the country are expected to reach USD 1 trillion by 2040. Furthermore, the exports of organic and inorganic chemicals are valued at USD 4.78 billion in 2024. Also, the oil demand in India is anticipated to reach 11 million barrels per day by 2045. These statistics aid in understanding that the expanding activities in these industries are fuelling the consumption of heterogeneous catalysts in production processes.
North America Market Statistics
The North America heterogeneous catalyst market is foreseen to rise at a rapid CAGR during the projected period. The manufacturers in the region are concentrated on creating advanced heterogeneous catalysts to cater to the high-tech end use industries. This move by market players is significantly maximizing their revenue shares. For instance, the BASF SE Financial Report 2024 revealed that the chemical segment of the company accounted for USD 968.45 million for EBITDA before special items H1 2024. Thus, North America is a lucrative marketplace for chemical product producers including heterogeneous catalyst manufacturers.
The U.S. is estimated to witness a healthy demand for heterogeneous catalyst market owing to the increasing demand for clean energy sources. The strict regulations on carbon emissions are prompting industries in the country to adopt cleaner technologies. The heterogeneous catalysts are a vital component in biofuel production and renewable energy technologies.
Canada has rich natural resources of natural gas and oil sands, which is creating high-earning opportunities for heterogeneous catalyst producers. Canada has estimated oil sands reserves of around 164 billion barrels, reveals the Canadian Association of Petroleum Producers. The heterogeneous catalysts are used in this field during extraction and refining processes. The expanding demand for gas and oil is thus set to uplift the consumption of heterogeneous catalysts in the country.
Leading companies are employing several organic and inorganic strategies such as new product launches, strategic collaborations and partnerships, mergers and acquisitions, and regional expansion to earn high profits. Key players in the heterogeneous catalyst market are collaborating with other players to develop innovative solutions. They are also collaborating with research organizations and investing heavily in R&D to accelerate innovations and produce sustainable heterogeneous catalysts. By adopting regional expansion strategies, they can tap into high-potential markets, which contributes to their sales growth.
Some of the key players include:
Author Credits: Rajrani Baghel
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