Molecular Catalysts Market By Type (Heterogeneous & Homogeneous), By Application (Plastics, Paints & Coatings, Adhesives & Sealants, Chemical Synthesis, Fuel Cells & Others), By End-Use Industry (Transportation (Automotive, Aerospace, Marine & Locomotive), Oil & Gas, Agriculture, Packaging, Petrochemicals & Chemicals, Pharmaceuticals, Water Treatment & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: CMR 1512 Report Format: PDF + Excel

Molecular Catalysts Market Overview

The Molecular Catalysts Market size is estimated to grow at a CAGR of 4.8% during the forecast period 2022-2027. Molecular catalysts refer to catalysts in which all components of the reaction are dissolved in the same liquid phase and it is widely used for electrochemical reactions, mechanistic investigation, phthalocyanine and oxygen reduction reactions. One of the major factors propelling the expansion of molecular catalysts market size is the rising need for high-performance catalysts that produce greater output, particularly in the oil and gas industry. Market expansion for molecular catalysts has been further fuelled by growth in refining applications internationally. The covid-19 pandemic majorly impacted the market due to restricted production, supply chain disruption, logistics restrictions and a fall in demand. However, with robust growth and flourishing applications across major industries such as transportation, oil & gas and others, the molecular catalysts industry is anticipated to grow rapidly during the forecast period.

Molecular Catalysts Market Report Coverage

The “Molecular Catalysts Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Molecular Catalysts industry.

By Type- Heterogeneous and Homogeneous.
By Application- Plastics, Paints and Coatings, Adhesives and Sealants, Chemical Synthesis, Fuel Cells and Others.
By End-Use Industry- Transportation (Automotive, Aerospace, Marine and Locomotive), Oil & Gas, Agriculture, Packaging, Petrochemicals & Chemicals, Pharmaceuticals, Water Treatment and Others.
By Geography - North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of the Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key takeaways

  • Asia-Pacific dominates the Molecular Catalysts market size, owing to growing demand from end-use industries such as automobile, oil & gas thereby boosting the demand for molecular catalyst additives in APAC during the forecast period.
  • The market of oil & gas uses Molecular Catalysts extensively. Over the projected period, it is expected that this will fuel the demand for molecular catalysts.
  • Government initiatives and rising awareness about the benefits of employing Molecular Catalysts, such as improved energy efficiency, lower emissions in automobile exhaust and other environmental benefits, have propelled the worldwide molecular catalyst market forward.

 Figure: Asia-Pacific Molecular Catalysts Market Revenue, 2021-2027 (US$ Billion)

Molecular Catalysts Market

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Molecular Catalysts Market Segment Analysis – by Type

The Heterogeneous held a significant share in the Molecular Catalysts Market in 2021 and is forecasted to grow at a CAGR of 4.9% during the forecast period 2022-2027, owing to the extensive characteristics provided by heterogeneous such as electrochemical reactions, mechanistic investigation, phthalocyanine and oxygen reduction reaction. Heterogeneous catalysts are solids with more than one phase that can be added to solid or liquid reaction mixtures and they have a wide range of applications in the plastic and chemical processing industries. In order to simplify the recovery process and reduce the number of purification steps, heterogeneous catalysts have a nature that makes it simple to separate them from the reactants. Heterogeneous catalysis is widely employed in the chemical and oil & gas industries, which drives the market growth of the molecular catalysts market. Thus, owing to tremendous advantages and availability over other material types, the demand for heterogeneous is growing for application in major industries, thereby boosting the molecular catalysts market share in the coming years.

Molecular Catalysts Market Segment Analysis – by End-Use Industries

The Petrochemical & Chemical segment held a significant share in the Molecular Catalysts Market in 2021 and is forecasted to grow at a CAGR of 5.1% during the forecast period 2022-2027. Molecular catalysts have flourishing demand in the chemical industry for various applications involving fuel cells, auxiliaries in chemical synthesis and others. Molecular catalysts make chemical manufacturing safer, simpler and faster. The chemical industry is growing rapidly owing to an increase in demand for fuel-effective and innovative chemical compounds. For instance, according to the National Investment Promotion & Facilitation Agency, the chemical industry in India is projected to reach US$300 billion by 2025. According to the European Chemical Industry Council (CEFIC), the chemical output in EU27 to grow by 2.5% in 2022, after following a growth of 6% in 2021. The demand for molecular catalysts is rising dramatically along with the petrochemical & chemical industry expansion. Therefore, the growing chemical industry is a key factor in the growth of the molecular catalysts market share over the forecast period.

Molecular Catalysts Market Segment Analysis – by Geography

The Asia-Pacific segment held a significant share in the Molecular Catalysts Market in 2021 up to 41% and is forecasted to grow at a CAGR of 5.3% during the forecast period 2022-2027. The flourishing growth of molecular catalysts is influenced by its major applications across major industries, along with growing development in energy storage and developed the base for molecular catalysts in APAC. The chemical sector in Asia-Pacific is rapidly growing due to a flourishing base for chemical manufacturers, demand for green chemical compounds and production rise. For instance, according to to Make in India, the chemical industry in India is expected to reach US$304 billion and a growth of 9.3% per annum by 2025. According to the European Chemical Industry Council (CEFIC), global chemical sales were US$3.5 trillion in 2020, with China holding a 44.6% share. World chemical sale is projected to reach US$6.2 trillion by 2030, with a major share of 48.6% by China. According to the International Trade Administration (ITA), the estimated value of specialty chemicals in Korea accounted for US$55 billion in 2020, an increase of 3% compared to 2019. With the rise in chemical production and flourishing chemical processing base in APAC, the demand for molecular catalysts for a wide range of applications such as fuel cells, chemical synthesis and others will grow. This is anticipated to boost the market growth for molecular catalysts in the Asia-Pacific region during the forecast period. 

Molecular Catalysts Market Drivers

Increasing Government Investments Towards Water Treatment Sectors:

The demand for Molecular Catalysts is rapidly growing as government investment in water treatment increases. Molecular catalysts are the most efficient method for water treatment. These include photocatalysis, electrochemical reaction, sulfate and hydroxyl-radical-based advanced oxidation methods. Due to its usefulness and prospective benefits in water purification, molecular catalyst techniques have attracted more attention in the field of refractory pollutants abatement, which drives the market growth of molecular catalysts. The extensive properties of molecular catalysts and rising government investments to improve water and wastewater treatment will drive the growth of the molecular catalysts industry. For instance, In July 2020, the United States Department of Energy's (DOE) Office of Energy Efficiency and Renewable Energy (EERE) announced a US$ 20 million investment opportunity to develop technology innovations that strengthen America's water infrastructure and enable advanced water resource recovery systems that could be net energy positive. Furthermore, the US Department of Agriculture (USDA) stated on July 7, 2020, that it will invest US$ 307 million in 34 states and Puerto Rico to upgrade rural drinking water and wastewater infrastructure. According to the Ministry of External Affairs, India will invest $270 billion in water supply over the next 15 years. As a result, increased government investments in Water Treatment are expected to boost the molecular catalysts market share throughout the forecast period.

Bolstering Growth of the Oil and Gas Industry:

The major factor propelling the expansion of the global market for Molecular Catalysts is the rising need for high-performance catalysts that produce greater output, particularly in the oil and gas industry. Molecular catalyst is utilised in hydrocracking, which transforms higher molecular weight petroleum fractions to lower molecular weight fuels and includes properties like electrochemical reactions, mechanistic investigation, phthalocyanine and oxygen reduction reaction, therefore it is widely utilised in the oil & gas industry. According to India Brand Equity Foundation, by 2030, India's oil consumption is projected to expand by 50%, compared to a 7% increase in global demand. According to the Government of Canada, Oil production in Canada increased by 18% in August 2022 compared to August 2020. Oil sands output climbed by 21.1 percent year on year, while conventional oil production increased by 6.2 percent. This is anticipated to result in the widespread use of these molecular catalysts, bolstering the industry's dominance. Thus, significant growth in the oil & gas industry is fuelling the growth of the molecular catalysts market, thereby driving the market growth.

Molecular Catalysts Market Challenge

Adoption of Renewable Energy:

The growing awareness of renewable energy sources may limit various end-use industries’ growth prospects. Crude oil stocks are diminishing in the next years, increasing reliance on fossil fuels, which hampering the Molecular Catalysts market. Furthermore, numerous governments and corporations are turning to renewable energy to minimize their reliance on fossil fuels. APAC oil producers are investing in solar energy, electric vehicle projects and other areas. According to the India Brand Equity Foundation (IBEF), renewable energy is predicted to receive a USD 500 billion investment by 2028. The preference for electric vehicles over gasoline and volatility in crude oil prices will provide a significant challenge to the various industries, resulting in limited demand and diminishing growth for the molecular catalysts industry.

Molecular Catalysts Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Molecular Catalysts market. The top 10 companies in the Molecular Catalysts market are:

  1. Grace Catalysts AB
  2. BASF SE
  3. Albemarle Corp.
  4. Johnson Matthey Plc
  5. JGC Catalysts & Chemicals Ltd.
  6. Inprocat Corporation
  7. Luoyang Jalon Micro-Nano New Materials Co. Ltd.
  8. Sinopec International Petroleum Exploration & Production Corporation
  9. China National Petroleum Corp.
  10. Sumitomo Chemical Company Limited

Recent Developments

  • In January 2022, Sinocompound Catalysts Co. Ltd., collaborated with InCatT to provide a specialized Catalyst Screening Service for pharmaceutical and fine chemical businesses seeking to optimise their reactions.
  • In November 2020, The Porocel Group in Houston has been acquired by Evonik Industries AG (USA). With this acquisition, the business intends to broaden its expertise with new technologies and products in order to improve the global presence of Evonik's catalyst activities.
  • In March 2020, BASF SE introduced a Tri-Metal Catalyst that can lower the cost of catalytic converters for automobiles while also partially rebalancing consumer demand for Platinum Group Metals (PGMs), enhancing the market's sustainability.

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1. Molecular Catalysts Market - Market Overview
    1.1 Definitions and Scope
2. Molecular Catalysts Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Molecular Catalysts Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Molecular Catalysts Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Molecular Catalysts Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Molecular Catalysts Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Molecular Catalysts Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Molecular Catalysts Market - By Type (Market Size - US$ Million/Billion)
    8.1 Heterogeneous
    8.2 Homogeneous
9. Molecular Catalysts Market - By Application (Market Size - US$ Million/Billion)
    9.1 Plastics
    9.2 Paints and Coatings
    9.3 Adhesives and Sealants
    9.4 Chemical Synthesis
    9.5 Fuel Cells
    9.6 Others
10. Molecular Catalysts Market - By End-Use Industry (Market Size - US$ Million/Billion)
    10.1 Transportation
        10.1.1 Automotive
        10.1.2 Aerospace
        10.1.3 Locomotive
        10.1.4 Marine
    10.2 Oil & Gas
    10.3 Agriculture
    10.4 Packaging
    10.5 Petrochemicals & Chemical
    10.6 Pharmaceuticals
    10.7 Water Treatment
    10.8 Others
11. Molecular Catalysts Market - By Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 the USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 the UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 the Netherlands
        11.2.6 Spain
        11.2.7 Belgium
        11.2.8 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 the Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Molecular Catalysts Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Molecular Catalysts Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Molecular Catalysts Market– Key Company List by Country Premium Premium
15. Molecular Catalysts MarketCompany Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
    * "Financials would be provided to private companies on best-efforts basis."