Catalyst Market To Reach $61.5 Billion By 2033 | CAGR: 4.3%

Catalyst Market Growth & Trends

The global catalyst market size is expected to reach USD 61.5 billion by 2033, registering a CAGR of 4.3% from 2026 to 2033, according to a new report by Grand View Research, Inc. Catalyst refers to the class of compounds or chemicals that enables a chemical reaction to proceed at a pace faster than otherwise possible. Depending on the similarity or dissimilarities of the catalyst with the reactants, a catalyst can be either homogeneous or heterogeneous. Therefore, based on product type, the market is segmented as homogeneous and heterogeneous catalysts.

The raw materials used for catalyst manufacturing include acids, peroxides, and amines, which are generally classified as chemical compounds. Metals including precious metals and base metals besides zeolites are the prominent raw material market segments. A catalyst finds numerous applications in end-use industries such as chemicals (adsorbents, polyolefins); petroleum refining (alkylation, hydrotreating, hydrocracking, catalytic reforming); polymers and petrochemicals; and automotive (motorbikes, light-duty, and heavy-duty vehicles) owing to the benefits obtained by the application of a catalyst in any particular chemical reaction.

The global market has witnessed a significant growth rate over the past few years owing to the benefits it has gained from high-value product segments. For instance, the application of catalysts in an automobile reduces carbon emissions that are harmful to the environment and, thus, their application is highly promoted by governments globally. Favorable government regulations, in turn, have increased the demand for catalysts in the automotive industry across regions.

Catalysts are increasingly being used to reduce the processing time of crude oil refining along with improving refining equipment efficiency. These factors are likely to fuel the demand for catalysts over the projected forecast period. However, volatile prices of raw materials, including gold and platinum, are expected to hamper the manufacturing output of catalysts, thereby restraining the market growth. Nonetheless, the introduction of biocatalysts is expected to open new avenues for the market over the forecast period.

Key market players include BASF, Johnson Matthey, W.R. Grace, Albemarle Corporation, Evonik Industries AG, and DuPont. In July 2014, Johnson Matthey Process Technologies established a new production site in Brazil which manufactures catalyst for captive hydrogen production in the refining sector. This initiative was taken to ensure product supply to refining companies located in Latin America over the next eight years.

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Catalyst Market Report Highlights

• The chemical compounds segment dominated the market and accounted for the largest revenue share of 41.1% in 2025.

• The heterogeneous segment dominated the market and accounted for the largest revenue share of 72.3% in 2025.

• Asia Pacific dominated the market and accounted for the largest revenue share of 35.3% in 2025. Asia Pacific led the catalysts market because of its strong concentration of chemical production, refining capacity, and rapidly expanding petrochemical infrastructure.

• North America is expected to grow fastest with a CAGR of 4.1% from 2026 to 2033. North America is projected to achieve the fastest growth due to technological leadership, strong investment in clean energy, and modernization of refining and chemical assets.

Catalyst Market Segmentation

Grand View Research has segmented the global catalyst market on the basis of on raw material, application, and region:

Catalyst Product Outlook (Revenue, USD Billion; Volume, Kilotons; 2021 - 2033)

• Chemical compounds

  • Peroxides

  • Acids

  • Amines & others

• Metals

  • Precious metals

  • Base metals

• Zeolites

• Other Raw Material

Catalyst Application Outlook (Revenue, USD Billion; Volume, Kilotons; 2021 - 2033)

• Heterogeneous Catalyst

  • Chemical synthesis

    • Chemical catalysts

    • Adsorbents

    • Syngas production

    • Others

  • Petroleum refining

    • FCC

    • Alkylation

    • Hydrotreating

    • Catalytic Reforming

    • Purification

    • Bed grading

    • Others

  • Polymers and petrochemicals

    • Ziegler Natta

    • Reaction Initiator

    • Chromium

    • Urethane

    • Solid Phosphorous Acid catalyst

    • Others

  • Environmental

    • Light-duty vehicles

    • Motorcycles

    • Heavy-duty vehicles

    • Others

• Homogeneous Catalyst

  • Chemical synthesis

    • Chemical catalysts

    • Adsorbents

    • Syngas production

    • Others

  • Petroleum refining

    • FCC

    • Alkylation

    • Hydrotreating

    • Catalytic Reforming

    • Bed grading

    • Purification

    • Others

  • Polymers and petrochemicals

    • Ziegler Natta

    • Reaction Initiator

    • Chromium

    • Urethane

    • Solid Phosphorous Acid catalyst

    • Others

  • Environmental

    • Light-duty vehicles

    • Motorcycles

    • Heavy-duty vehicles

    • Others

Catalyst Regional Outlook (Revenue, USD Billion; Volume, Kilotons; 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Latin America

  • Brazil

  • Argentina

• Europe

  • Germany

  • UK

  • Italy

  • Spain

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Middle East & Africa

  • Saudi Arabia

  • South Africa

 List of Key Players in the Catalysts Market

• Albemarle Corporation

• Haldor Topsoe A/S

• BASF SE

• Evonik Industries AG

• LyondellBasell Industries Holdings B.V.

• Arkema

• The Dow Chemical Company

• Haldor Topsoe A/S

• W. R. Grace & Co.-Conn.

• Johnson Matthey

• Axens

• Honeywell UOP

• Zeolyst International

• Clariant

• Umicore

• Exxon Mobil Corporation