Overview and Scope
Inorganic catalysts refer to heterogeneous catalysts including metals and their oxides and emulate the function of natural catalysts. These catalysts have an inorganic structure and do not necessarily contain carbon, oxygen, and hydrogen molecules.
Sizing and Forecast
The inorganic catalyst market size has grown steadily in recent years. It will grow from $25.77 billion in 2023 to $26.99 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to shift in chemical manufacturing practices, focus on catalytic efficienc, industrial automation, global market expansion, research and development..
The inorganic catalyst market size is expected to see steady growth in the next few years. It will grow to $32.45 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to industrial growth and expansion, demand in energy sector, rising demand for specialty chemicals, focus on sustainable practices.. Major trends in the forecast period include industry digitization and automation, increased environmental regulations, shift towards sustainable chemistry, rising demand in petrochemical industry, advancements in nanotechnology..
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Segmentation & Regional Insights
The inorganic catalyst market covered in this report is segmented –
1) By Type: Zeolites, Metals, Chemical Compounds, Other Types
2) By Process: Recycling, Regeneration, Rejuvenation
3) By Applications: Petroleum Refining, Chemical Synthesis, Polymers And Petrochemicals, Environmental
Top 5 Major Players:
- 3M Company
- Ahlstrom-Munksjö Oyj,
- Lydall Performance Materials India LLP
- Nordic Air Filtration A/S
- Sandler AG
Asia-Pacific was the largest region in the inorganic catalyst market share in 2023. The regions covered in the inorganic catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand for petroleum and petrochemical products is driving the inorganic catalysts market going forward. Petrochemicals are chemical products derived from crude oil and petroleum. Inorganic catalysts such as zeolite are widely used in petrochemical manufacturing for greater yield and efficiency. For instance, in 2021, according to the International Energy Agency, a France-based autonomous intergovernmental organization, the oil demand is forecasted to rise by 1.7 mb/d in 2023 and is expected to reach 104.1 mb/d by 2026. Similarly, petrochemicals would account for over a third of the growth in oil demand by 2030. As a result, the increasing demand for petroleum and petrochemicals is driving the inorganic catalysts market.
Key Industry Players
Major companies operating in the inorganic catalysts market are developing technology advances such as catalyst shaping technology. Catalyst shaping technology is the process of creating and manufacturing catalysts with specified forms and structures to improve their performance and efficiency. For instance, in September 2022, the BASF, a Germany-based chemical company, launched X3D, a revolutionary catalyst-shaping technology. The distinctive features of X3D technology include a revolutionary additive manufacturing process for catalysts based on 3D printing an open structure, resulting in a lower pressure drop across the reactor and a high surface area, considerably boosting catalytic performance. BASF’s X3D technology can be used for a wide range of existing catalytic materials, including base or precious metal catalysts and carrier materials.
The inorganic catalyst market report table of contents includes:
1. Executive Summary
2. Inorganic Catalyst Market Characteristics
3. Inorganic Catalyst Market Trends And Strategies
4. Inorganic Catalyst Market – Macro Economic Scenario
5. Global Inorganic Catalyst Market Size and Growth
….
31. Global Inorganic Catalyst Market Competitive Benchmarking
32. Global Inorganic Catalyst Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Inorganic Catalyst Market
34. Inorganic Catalyst Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Inorganic Catalyst Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Inorganic Catalyst Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Inorganic Catalyst Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 74: 3M Company Financial Performance
Table 75: Ahlstrom-Munksjö Oyj Financial Performance
Table 76: Lydall Performance Materials India LLP Financial Performance
Table 77: Nordic Air Filtration A/S Financial Performance
Table 78: Sandler AG Financial Performance
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