How Big is the Catalyst Market | Industry Insights, Growth Forecasts & Key Drivers

Q: How big is the catalyst market?

The catalyst market was estimated USD 43 billion in 2024 and is projected to reach USD 64 billion by 2031.

Q: What is the growth rate of the catalyst market?

The catalyst market is expected to grow at a CAGR of 7.1% from 2025 to 2031.

Q: What drives the demand for catalysts?

Industrial process efficiency, stricter environmental norms, and green chemistry initiatives are major drivers.

Q: Who are the top players in the catalyst market?

Leading players include BASF, Johnson Matthey, Clariant, Honeywell UOP, and Evonik.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5857

Publication Date: Jul 2025

What is the size of Catalyst Market?

According to 6Wresearch internal database and industry insights, Global Catalyst Market was estimated atUSD 43 billion in 2024 and is projected to reachUSD 64 billion by 2031, growing at aCAGR of 7.1% during the forecast period 2025â€“2031.

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As the market is fuelled by increasing demand for efficient chemical processes across industries such as petrochemicals, automotive, and environmental applications, the catalyst market is predicted for the coming years.

Key Growth Drivers of the Catalyst Market

Growing demand for fuel-efficient vehicles and emission control technologies
Expansion of petrochemical and chemical manufacturing industries
Environmental regulations requiring catalytic converters and pollution reduction
Rising demand for green and sustainable catalysts in chemical reactions
Technological innovations in catalyst design and surface chemistry

Catalyst Market Trends

Catalyst market is gaining momentum over the years with trends such as the rise in heterogeneous catalysis, nano-structured catalyst materials, and growing focus on bio-based and recyclable catalysts. Market is emphasizing on precious metal recovery and catalyst regeneration. In the automotive sector, the shift towards electric and hybrid vehicles is influencing demand for new catalytic systems. Advanced refinery catalysts are also being adopted to enhance operational efficiency and reduce carbon footprints.

Emerging Developments in the Catalyst Market

Catalyst market is seeing developments as the investments are increasing in AI-powered catalyst simulation platforms to accelerate R&D. Also, green catalysts derived from agricultural waste and bio-sources are being developed. Hybrid catalysts combining metal-organic frameworks with enzymes are entering trial phases. Modular catalyst systems are started using for decentralized production units.