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The global catalyst market was valued at $35.5 billion in 2020, and is projected to reach $57.5 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030. Catalyst are chemical compounds that are used to improve the rate of chemical reaction by lowering or raising the activation energy of the process. However, they are not consumed during the reaction; moreover, spent catalysts can be reused after treatment. Zeolites, metals, chemical compounds, enzymes, and organometallic materials are different types of catalyst that are widely available in the market.
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Catalyst Market Size, Share | Analysis, Demand | Growth 2022-2027
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Catalyst Market Size, Share | Analysis, Demand | Growth 2022-2027

The global catalyst market reached a value of about USD 34 billion in 2020. The market is further expected to grow at a CAGR of 5% in the forecast period of 2022-2027.