Hydrogenation Catalyst Market Analysis by Product Type (Precious Metal-Based Hydrogenation Catalyst, Common Metal Based Hydrogenation Catalyst, and Alloys & Others); by Form (Heterogeneous, and Homogenous); and by End Use Industry (Chemical, Oil & Gas, Food, Pharmaceutical, Polymer, and Environmental)-Global Supply & Demand Analysis & Opportunity Outlook 2021-2031

  • Product Code:
    RP-ID-10352419
  • Published Date:
    19 Sep 2022
  • Region:
    Global
  • Category:
    Chemicals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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 Global Hydrogenation Catalyst Market Size, Forecast, and Trend Highlights Over 2021 - 2031

The global hydrogenation catalyst market is estimated to garner a revenue of USD 34,182.8 Million by the end of 2031 by growing at a CAGR of 4.6% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 21,872.5 Million in the year 2021. Hydrogenation catalyst is highly used in petrochemical refining. Growing petrochemical industry is to elevate the growth of hydrogenation catalyst market. The petrochemical sector uses approximately 10% of total worldwide energy demand, making it the largest sector of the industrial energy user.

 

hydrogenation-catalyst-market-size

 

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Rising merger and acquisition among key players to advance the technology of catalyst is expected to augment the hydrogenation catalyst market. For instance, in September 2021, HydRegen, an UK based company has announced to leverage DrySyn OCTO reaction station from Asynt to invent a next generation biocatalyst system, that’s aims at making chemical manufacturing safer, cleaner and more adroit. Furthermore, the rising need to limit greenhouse gases emission and higher demand of hydrogenation catalyst in pharma products is to boost the market growth.

Global Hydrogenation Catalyst Market: Growth Drivers and Challenges

Growth Drivers

  • Higher Requirement of Hydrogenation Catalyst in Chemical Industry

Heterogeneous catalyst is an essential element of chemical industry as it is responsible for producing over 80% of chemical products in the world. It is extensively used in the production of fragrances, flavors, chemicals and others.

  • Alarming Need to Reduce Green House Gases Emission

Hydrogenation catalyst is easily recyclable. It enables to carry out manufacturing of various chemical, health, cosmetic products in green and sustainable way. It prevents secondary pollution and generation of harmful gases such as greenhouse gases. According to World Economic Forum, in United States, manufacturing industry accounts for 23% of direct carbon emission.

  • Increased Demand for Hydrogenation Catalyst from Pharmaceutical Industry

Hydrogenation catalyst demand is driven by its use in the production of vitamins, dietary supplements, cosmetics, medicines and others. Therefore, rising demand of these products is to influence the market growth. In the time frame of 2017-2018, among the United States’ adults aged 20 or above, nearly 58% used dietary supplements.

  • Use of Nano Catalyst in Textile Industry

Coloring dyes from textile industry are directly discharged in water. The effluents of dye pollute water and affect marine organisms, therefore, Nano catalyst is highly textile industry to form a dye which is easily decomposable and curbs water pollution. According to IOP Science, each year approximately 60,000 tons of dyes is released into environment as a waste

  • New Development in Research of Hydrogenation Catalyst

Rising development in research area is to broaden the opportunity area for hydrogenation catalyst market. For instance, in December 2021, Clariant announced to enhance the R&D unit. It made significant investment to advance research unit in Japan, to promote faster and more efficient catalyst experiments.

Challenges

  • Detrimental effects of hydrogenation catalyst on Human Health

  • Rules and Regulations Imposed by Environmental Regulatory Authorities

  • End User Industries Facing Financial Crisis Poses Obstacles on Hydrogenation Catalyst Market

The hydrogenation catalyst market is segmented and analyzed for demand and supply by end use industry into chemical, oil & gas, food, pharmaceutical, polymer, and environmental. Amongst these, the oil & gas segment is anticipated to hold the largest market size by the end of 2031. The segment is further projected to grow at the highest CAGR of 5.3% over the forecast period. The segment also garnered the revenue of USD 9217.1 million in 2021. This growth is expected on the account of higher demand of petrochemicals, as hydrogenation catalyst is highly used for refining of unsaturated hydrocarbon from petrochemicals. Out of global demand of all the oils, Petroleum demands consist of approximately 12%. Furthermore, petrochemical is forecasted to consume 56 billion cubic meters of natural gas by 2030.

Global Hydrogenation Catalyst Market Regional Synopsis

Regionally, the global hydrogenation catalyst market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2031. The market in the Asia Pacific is to grow at the highest CAGR of 5.3% over the forecast period. It is expected to accumulate a revenue of USD 12,781.9 million by the end of 2031. Higher demand for catalyst in China is to propel the market growth in the region. For instance, in the first half of 2020, Clariant’s sales of catalyst has increased by nearly 3% in China, valuing at approximately 1.4 million yuan. Further, the rising demand for petroleum refining in Japan is expected to augment the market growth. In 2020, Japan’s domestic demand for catalyst for the refinement of petroleum was nearly 398 tons.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation

Our in-depth analysis of the global hydrogenation catalyst market includes the following segments:

By Product Type

  • Precious Metal-Based Hydrogenation Catalyst

    • Platinum

    • Palladium

    • Rhodium

    • Ruthenium

    • Others

  • Common Metal-Based Hydrogenation Catalyst

    • Nickel

    • Cobalt

    • Copper

    • Others

  • Alloys & Others

By Form

  • Heterogeneous

  • Homogenous

By End Use Industry

  • Chemical

  • Oil & Gas

  • Food

  • Pharmaceutical

  • Polymer

  • Environmental

 

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Key Companies Dominating the Global Hydrogenation Catalyst Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global hydrogenation catalyst market that are included in our report are Clariant AG, Johnson Matthey, Exxon Mobil Corporation, Sinopec Int’l, Albemarle Corporation, Topsoe, Honeywell International Inc., Reaxa Limited, W. R. Grace and Co.-Conn., Solvias AG, Evonik Industries AG, BASF SE, and others.

Global Hydrogenation Catalyst Market: Latest Developments

  • September, 2021: BASF introduces a next generation range of its selective hydrogenation catalysts. These new cost effective E 15x light catalysts complete BASF’s selective hydrogenation portfolio with the well-established E 15x series by enhancing their efficiency and throughput rates.

  • April, 2021: Axens Selene launches a new portfolio of catalyst especially dedicated towards selective hydrogenation to meet customer needs. This new product range aims to deliver optimal performance and improving the active phase impregnation.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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FREQUENTLY ASKED QUESTIONS


1.      Introduction

1.1.  Market Definition & Segmentation

1.2.Assumptions and Acronyms

1.3. Product Overview

2.     Assumptions and Acronyms

3.     Research Methodology

3.1. Research Process

3.2.                     Primary Research

3.3.                     Secondary Research

4.    Analyst Review

5.     Executive Summary

6.    Market Dynamics

6.1.Drivers

6.2.                     Opportunity

6.3.                     Trends

7.     Major Roadblocks for the Market Growth

8.    Regulatory & Standards Landscape

9.    Impact of COVID-19 on the Global Hydrogenation Catalyst Market

9.1.The COVID-19 Heat Map: Impact on Industry Sectors in 2020

9.2.                     The COVID-19 & Recession Heat Map: North America Timeframe of Recovery

9.3.                     The COVID-19 & Recession Heat Map: Latin America Timeframe of Recovery

9.4.                     The COVID-19 & Recession Heat Map: Europe, Middle East & Africa Timeframe of Recovery

9.5.                     The COVID-19 & Recession Heat Map: Asia Pacific Timeframe of Recovery

9.6.                     Impact on Overall Market Impact

9.7.                     Impact on the Demand

9.8.                    Impact on the Manufacturers

9.9.                     Impact on the Supply and Distribution Chain

9.10.                Impact on End-use Industries

9.11.                  Impact on Key Market Players

9.12.                 Impact on the Overall Price Trend

9.13.                 Impact of COVID-19 on Economic Slowdown of the Developing and Developed Nations

10.            Global Opportunity Analysis

11.  Go to Market Strategy – Market Maturity

12. Penetration and Growth Prospect Mapping

13. Global Export – Import Data

14.Industry Risk Analysis

15. Pricing Analysis

16.Value Chain Analysis

17. Analysis on Process Type

18.            Industry Growth Opportunity Outlook

19.Analysis on End-User

20.           Competitive Landscape

20.1.                Market Share Analysis – 2021

20.2.               Global Hydrogenation Catalyst Market Ranking – 2021

20.3.               Competitive Benchmarking

20.4.               Competitive Positioning

20.5.               Clariant AG

20.5.1.                     Detailed Overview

20.5.2.                    Assessment of Key Offering

20.5.3.                    Analysis of Growth Strategies

20.5.4.                    Exhaustive Analysis on Key Financial Indicators

20.5.5.                    Recent Developments

20.6.               Johnson Matthey

20.7.                Exxon Mobil Corporation

20.8.               Sinopec Int’l

20.9.               Albemarle Corporation

20.10.           Topsoe

20.11.            Honeywell International Inc.

20.12.           Reaxa Limited

20.13.           W. R. Grace and Co.-Conn.

20.14.           Solvias AG

20.15.           Evonik Industries AG

20.16.           BASF SE

21. Global Hydrogenation Catalyst Market Outlook

21.1.                  Market Overview

21.2.                 By Value (USD million)

21.3.                 Global Hydrogenation Catalyst Segmentation Analysis (2021-2031)

21.3.1.                      By Product Type

21.3.1.1.    Precious Metal-Based Hydrogenation Catalyst, 2021-2031F (USD million)

21.3.1.2.   Common Metal-Based Hydrogenation Catalyst, 2021-2031F (USD million)

21.3.1.3.   Alloys & Others, 2021-2031F (USD million)

21.3.2.                     By Form

21.3.2.1.   Heterogeneous, 2021-2031F (USD million)

21.3.2.2. Homogeneous, 2021-2031F (USD million)

21.3.3.                     By End Use Industry

21.3.3.1.   Chemical, 2021-2031F (USD million)

21.3.3.2. Oil & Gas, 2021-2031F (USD million)

21.3.3.3. Food, 2021-2031F (USD million)

21.3.3.4. Pharmaceuticals, 2021-2031F (USD million)

21.3.3.5.  Polymer, 2021-2031F (USD million)

21.3.3.6. Environmental, 2021-2031F (USD million)

21.3.4.                     By Region

21.3.4.1.  North America, 2021-2031F (USD million)

21.3.4.2. Europe, 2021-2031F (USD million)

21.3.4.3. Asia Pacific, 2021-2031F (USD million)

21.3.4.4. Latin America, 2021-2031F (USD million)

21.3.4.5.  Middle East and Africa, 2021-2031F (USD million)

22.           North America Hydrogenation Catalyst Market Outlook

22.1.                 Market Overview

22.2.                By Value (USD million)

22.3.                North America Hydrogenation Catalyst Segmentation Analysis (2021-2031)

22.3.1.                     By Product Type

22.3.1.1.   Precious Metal-Based Hydrogenation Catalyst, 2021-2031F (USD million)

22.3.1.2. Common Metal-Based Hydrogenation Catalyst, 2021-2031F (USD million)

22.3.1.3. Alloys & Others, 2021-2031F (USD million)

22.3.2.                    By Form

22.3.2.1. Heterogeneous, 2021-2031F (USD million)

22.3.2.2.                        Homogeneous, 2021-2031F (USD million)

22.3.3.                    By End Use Industry

22.3.3.1. Chemical, 2021-2031F (USD million)

22.3.3.2.                        Oil & Gas, 2021-2031F (USD million)

22.3.3.3.                        Food, 2021-2031F (USD million)

22.3.3.4.                        Pharmaceuticals, 2021-2031F (USD million)

22.3.3.5.Polymer, 2021-2031F (USD million)

22.3.3.6.                        Environmental, 2021-2031F (USD million)

22.3.4.                    By Country

22.3.4.1. US, 2021-2031F (USD million)

22.3.4.2.                        Canada, 2021-2031F (USD million)

23.           Europe Hydrogenation Catalyst Market Outlook

23.1.                 Market Overview

23.2.                By Value (USD million)

23.3.                Europe Hydrogenation Catalyst Segmentation Analysis (2021-2031)

23.3.1.                     By Product Type

23.3.2.                    By Form

23.3.3.                    By End Use Industry

23.3.4.                    By Country

23.3.4.1. Germany, 2021-2031F (USD million)

23.3.4.2.                        UK, 2021-2031F (USD million)

23.3.4.3.                        France, 2021-2031F (USD million)

23.3.4.4.                        Italy, 2021-2031F (USD million)

23.3.4.5.Russia, 2021-2031F (USD million)

23.3.4.6.                        Netherland, 2021-2031F (USD million)

23.3.4.7. Spain, 2021-2031F (USD million)

23.3.4.8.                        Rest of Europe, 2021-2031F (USD million)

24.           Asia Pacific Hydrogenation Catalyst Market Outlook

24.1.                 Market Overview

24.2.                By Value (USD million)

24.3.                Asia Pacific Hydrogenation Catalyst Segmentation Analysis (2021-2031)

24.3.1.                     By Product Type

24.3.2.                    By Form

24.3.3.                    By End Use Industry

24.3.4.                    By Country

24.3.4.1. China, 2021-2031F (USD million)

24.3.4.2.                        India, 2021-2031F (USD million)

24.3.4.3.                        Singapore, 2021-2031F (USD million)

24.3.4.4.                        Japan, 2021-2031F (USD million)

24.3.4.5.Australia, 2021-2031F (USD million)

24.3.4.6.                        South Korea, 2021-2031F (USD million)

24.3.4.7. Rest of Asia Pacific, 2021-2031F (USD million)

25.            Latin America Hydrogenation Catalyst Market Outlook

25.1.                 Market Overview

25.2.                By Value (USD million)

25.3.                Latin America Hydrogenation Catalyst Segmentation Analysis (2021-2031)

25.3.1.                     By Product Type

25.3.2.                    By Form

25.3.3.                    By End Use Industry

25.3.4.                    By Country

25.3.4.1.  Brazil, 2021-2031F (USD million)

25.3.4.2.Mexico, 2021-2031F (USD million)

25.3.4.3.Argentina, 2021-2031F (USD million)

25.3.4.4.Rest of Latin America, 2021-2031F (USD million)

26.           Middle East & Africa Hydrogenation Catalyst Market Outlook

26.1.                 Market Overview

26.2.                By Value (USD million)

26.3.                Middle East & Africa Hydrogenation Catalyst Segmentation Analysis (2021-2031)

26.3.1.                     By Product Type

26.3.2.                    By Form

26.3.3.                    By End Use Industry

26.3.4.                    By Country

26.3.4.1. Israel, 2021-2031F (USD million)

26.3.4.2.                        GCC, 2021-2031F (USD million)

26.3.4.3.                        South Africa, 2021-2031F (USD million)

26.3.4.4.                        Rest of Middle East & Africa, 2021-2031F (USD million)

 

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  1. Clariant AG
  2. Johnson Matthey
  3. Exxon Mobil Corporation
  4. Sinopec Int’l
  5. Albemarle Corporation
  6. Topsoe
  7. Honeywell International Inc.
  8. Reaxa Limited
  9. W. R. Grace and Co.-Conn.
  10. Solvias AG
  11. Evonik Industries AG
  12. BASF SE
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