Frequently Asked Questions
In 2022, the global Chemical Processing Catalysts market was estimated to be worth USD 9.5 billion.
The market for Chemical Processing Catalysts is estimated to develop at an 8.10% CAGR between 2023 and 2030, reaching USD 16.38 billion in 2030.
Polymerization Catalysts are the leading segment by type.
The Chemicals segment is predicted to have the most significant CAGR during the forecast period.
The global Chemical Processing Catalysts market research report is divided into the following categories: By Type, By Application.
Asia Pacific is driving the growth of the Chemical Processing Catalysts industry.
The top players include Air Products and Chemicals, Inc. (USA), Albemarle Corp. (USA), and BASF Catalysts LLC (USA). Other major players include Clariant (Switzerland), Evonik Industries AG (Germany), and Johnson Matthey (UK).
The primary factors driving the market growth are increasing demand for chemicals in various end-user industries and a shift towards green chemistry.
High cost and limited raw material availability are restraining the market growth.
The market’s primary opportunities are the transition to a sustainable and circular economy, digitalization, and process optimization.