Heterogeneous Catalyst Market Size

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.