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Heterogeneous Catalyst Market Trends

  • Report ID: GMI9300
  • Published Date: Apr 2024
  • Report Format: PDF

Heterogeneous Catalyst Market Trends

Growing environmental concerns are driving industries to adopt green chemistry practices. Heterogeneous catalysts play a vital role in enabling cleaner and more sustainable chemical processes by facilitating efficient conversions with minimal waste generation. The integration of nanotechnology in catalyst design and synthesis is a significant trend. Nanostructured heterogeneous catalysts offer higher surface areas, enhanced catalytic activity, and improved selectivity, enabling more efficient and selective chemical transformations. Furthermore, there is increasing interest in utilizing renewable feedstocks such as biomass, waste materials, and CO2 for the production of fuels, chemicals, and value-added products. Heterogeneous catalysts are being developed or optimized for these conversion processes to reduce dependence on fossil resources and mitigate environmental impact. Moreover, heterogeneous catalysts play a crucial role in energy storage and conversion technologies such as fuel cells, electrolyzers, and batteries. Research efforts are focused on developing catalysts with high activity, stability, and selectivity to improve the efficiency and performance of these energy systems.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for heterogeneous catalyst was USD 24.6 billion in 2023 and will grow at a 4.8% CAGR between 2024 and 2032 owing to the increasing demand for cleaner fuels and stricter environmental regulations and advancements in chemical manufacturing processes.

The petroleum refining segment in the heterogeneous catalyst industry secured USD 8.9 billion in 2023 and will reach 13.3 billion by 2032, attributed to the indispensable role for refining processes, essential for converting crude oil into valuable petroleum products like gasoline, diesel, and jet fuel.

Asia Pacific industry recorded USD 10.9 billion in 2023 and will register USD 16.9 billion by 2032, driven by the burgeoning chemical, petrochemical, and manufacturing sectors, along with supportive government policies and investments in infrastructure.

Major heterogeneous catalyst companies are Albemarle Corporation, Arkema, BASF SE, Evonik Industries AG, Haldor Topsoe A/S, Haldor Topsoe A/S, Johnson Matthey, LyondellBasell Industries Holdings B.V.,Rio Tinto Ltd., The Dow Chemical Company, W. R. Grace & Co.-Conn, among others.

Heterogeneous Catalyst Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 155
  • Countries covered: 22
  • Pages: 210
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