Hydrogenation Catalyst Market Analysis

The market is segmented by end user into chemical, oil & gas, food, pharmaceutical, and polymer, out of which, the food segment is anticipated to hold the largest share in the global hydrogenation catalyst market. This can be accounted to the high usage of hydrogenation for making a large variety of manufactured goods, such as spreads and shortenings, from liquid oils. Apart from this, growing utilization of hydrogenation process to increase the chemical stability of food products is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of form, the heterogeneous segment is assessed to acquire the largest share during the forecast period ascribing to the ease of separation provided during catalysis by this type of catalysts

Our in-depth analysis of the global market includes the following segments:

By Product Type

Precious Metal Based Hydrogenation Catalyst
Common Metal Based Hydrogenation Catalyst
Alloys
Others

By Form

Heterogeneous
Homogeneous

By End User

Chemical
Oil & Gas
Food
Pharmaceutical
Polymer

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of hydrogenation catalyst is estimated at USD 3.61 billion.

Hydrogenation Catalyst Market size was over USD 3.51 billion in 2023 and is poised to cross USD 5.49 billion by 2036, witnessing more than 3.5% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by rising demand for heterogenous catalysts from industrial and chemical application areas, and growing use of hydrogenation for manufacturing medicines and aroma chemicals.

Asia Pacific industry is likely to hold largest revenue share by 2036, on account of increasing investments in oil & gas exploration activities, where hydrogenation catalysts are used for petroleum refining.

The major players in the market are BASF SE, Evonik Industries AG, SOLVIAS AG, W. R. Grace and Co., CRI/Criterion Inc., and others.

Hydrogenation Catalyst Market Analysis