Chemicals, Fuels & Wood Products

Refining Catalysts: Market Size, Growth & Forecast to 2030

The Refining Catalysts market is valued at about $10.1 billion (2026) and is projected to grow at a 4.3% CAGR through 2030. The largest cost driver is Precious and transition metals raw materials (45% of spend). Asia Pacific leads demand at 46%.

Market size
$10.1 bn (2026)
CAGR to 2030
+4.3%
Buyer power
Favours buyers
Tracked suppliers
25

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.3% CAGR.

1231161081001002026104.32027108.82028113.52029118.32030123.42031

Cost structure

Precious and transition metals raw materials
45%
Chemical substrates and binders
20%
Energy intensive thermal manufacturing and calcination
15%
Technical engineering and R and D
12%
Outbound logistics and hazardous material handling
8%

Regional demand split

Asia Pacific demand
46%
North America demand
34%
Europe demand
12%
Rest of world demand
8%

Key suppliers

W.R. Grace and Co.Albemarle CorporationBASF SEHoneywell UOP LLCAxens S.A.Topsoe A/SClariant AG
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/refining-catalysts