Malaysia Catalyst Market, By Type (Heterogeneous Catalysts, Homogeneous Catalysts), By Material (Zeolites, Chemical Compounds, Metals, Additives, Others), By Application (Petroleum Refining, Chemical Synthesis, Polymers and Petrochemicals, Environmental, Others), By Region, Competition, Forecast & Opportunities, 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMalaysia Catalyst Market, By Type (Heterogeneous Catalysts, Homogeneous Catalysts), By Material (Zeolites, Chemical Compounds, Metals, Additives, Others), By Application (Petroleum Refining, Chemical Synthesis, Polymers and Petrochemicals, Environmental, Others), By Region, Competition, Forecast & Opportunities, 2018-2028
In 2021, the manufacturing of chemical and chemical products in Malaysia had a production index of 119.5.
Malaysia catalyst market is expected to expand during the projected period, due to increasing demand from chemical synthesis process as chemicals are used in the manufacturing of many end use products for various industries such as pharmaceuticals, agricultural chemicals, olefins, etc. For example, paracetamol, which is a basic drug is produced by acetylation of para-aminophenol (that is obtained by reduction of para-nitrophenol) with acetic acid or acetic anhydride using Pd/C or Ni-Re catalysts at 20-70°C, this result in increasing the demand of catalyst for various chemical processes. Along with this, catalysts are used as fertilizers along with raw materials, to increase nutrient availability in the roots and promote growth of the plants, like ammonia which is a fertilizer that is produced with nitrogen & hydrogen using iron catalysts in the production process , propelling the growth of Malaysia Catalyst Market in the projected period.
Malaysia catalyst market is a dynamic and competitive sector that offers opportunities for growth and innovation. The market players are focusing on expanding their product portfolio, enhancing their quality standards, improving their distribution network, and increasing their market share. Along with this, merger and acquisition activities in the catalyst market enhance companies' presence in the region as these acquisitions help companies to better serve their customers and meet the growing demand for catalyst in Malaysia in the forecasted period.
Growing Demand for Effective Chemical Synthesis
The chemical industry plays a critical role in the economy, producing a wide range of products that are used in everything from agricultural and electronics to construction and pharmaceuticals. As the demand for chemical products continues to grow, there is a corresponding need for more effective chemical synthesis processes that can meet this demand in a sustainable and cost-effective way. Catalysts are an essential component for chemical synthesis processes, enabling reactions to occur more efficiently and with less waste. Catalysts can help to increase reaction rates and reduce the amount of energy required to produce chemicals.
For instance, in 2022, W. R. Grace developed RANEY brand catalysts
Moreover, rising demand for effective chemical synthesis processes is dependent on several factors. Firstly, there is a growing awareness of the environmental impact of chemical production, with concerns about the emission of greenhouse gases and the production of hazardous waste. Thus, chemical producers are seeking to reduce their environmental footprint by adopting more efficient production processes that minimize waste and reduce energy consumption. Secondly, there is a need for more cost-effective synthesis processes that can meet growing demand for chemical products while keeping prices competitive. Thus, catalysts play an important role in reducing the cost of chemical synthesis by enabling reactions to occur more efficiently, reducing the amount of raw materials needed, coupled with lower energy consumption. Finally, there is a need for more flexible production processes that can adapt to changing market demands and product specifications. Catalysts can enable the production of a wider range of chemicals with greater flexibility and precision, enabling companies to respond more quickly to changing market conditions and customer needs. Hence, companies are investing in research and development activities to develop new and improved catalysts, through which they are expected to benefit from this trend. By enabling more sustainable, cost-effective, and flexible chemical synthesis processes, catalysts are playing an important role in shaping the future of the chemical industry.
For instance, in 2022, BASF launched CircleStar, an innovative dehydration catalyst to decreases CO2 footprint in the bio-ethylene value chain for products ranging from jet fuel to plastics.
Therefore, these trends are going to increase the demand of the Malaysia catalyst market in the upcoming years.
Rising Environmental Regulations for Sustainable Growth
Strict environmental regulations implemented by the government lead to a greater focus on reducing emissions from industrial processes and automobile sector. As a result, the use of catalysts has become increasingly important in meeting these regulations. Catalysts are used in a wide range of applications to reduce emissions of harmful pollutants.
For instance, according to Department of Environment, Ministry of Natural Resources, Environment and Climate Change
One of the catalysts use is seen in the automotive industry, where catalytic converters are used to convert harmful gases from engine exhausts into less harmful substances before they are released into the atmosphere.
For instance, Johnson Matthey PLC has started the construction on new catalyst-products plant which provide catalyst products to the automotive industry to reduce harmful emissions from all type of vehicles.
In addition to reducing emissions, catalysts can also be used to remove pollutants from water and air. For example, catalytic converters can be used in industrial settings to remove harmful pollutants from wastewater, while catalytic air filters can be used to remove pollutants from the air. Thus, increasing demand of catalyst for reducing harmful pollutants from various sources dominates the growth of the Malaysia catalyst market in the forecast period.
Increasing Demand from Petroleum Refinery for Catalytic Process
Engineers must carry out refining processes with as few environmental pollutants as possible, due to rise in the number of rigorous environmental laws on emissions from refineries. Catalysts are one of the greatest solutions to implement these ever-increasing environmental restrictions in the refining process. Catalysts are mostly utilized in the cracking of feedstock components in petroleum refining to boost the production of high-quality products. Along with cost and energy savings, the use of a catalyst encourages the optimization of hydrocracking reactions. A catalyst and a high partial pressure of hydrogen gas are used in the hydrocracking process to convert complex hydrocarbon molecules into simpler ones. By reacting with hydrogen in the presence of a catalyst, hydrotreating is the process of eliminating undesirable contaminants like Sulphur, nitrogen, and metals from oil fractions. A catalyst and heat are used in the chemical process of fluid catalytic cracking to split long-chain hydrocarbons into shorter-chain hydrocarbons. This has aided market expansion for applications related to petroleum refining.
For instance, Shell’s development of a new advanced proprietary cobalt synthesis catalyst has already significantly increased the output of GTL (gas-to-liquids) products on a commercial scale at Bintulu, Malaysia.
Additionally, the demand for cleaner fuels has been growing significantly by concerns about climate change and air pollution. Cleaner fuels, such as biodiesel, ethanol, and hydrogen, are seen as less harmful to the environment than traditional fossil fuels. Catalysts play a key role in the production of these cleaner fuels, by converting raw materials into usable fuel products. For example, catalysts are used in the production of biodiesel from vegetable oils, by converting the oils into esters. Catalysts are also used in the production of hydrogen, by converting natural gas or other feedstocks into hydrogen gas.
Thus, all such factors are expected to drive the demand for catalyst in the projected years.
However, catalysts are produced in small quantities and small-scale manufacturing is very expensive as it used various type of metal based raw material which has high cost. Furthermore, the catalyst preparation process requires multiple steps and optimum process conditions which increases the production and processing costs that result in restraining the growth of the market.Moreover, sintering or thermal deactivation is one of the major processes for losing the activity of the catalyst, particularly in case of high temperature process such as steam reforming, catalytic combustion, etc. which further slows down the market growth.
Recent Development
- In 2022, Clariant had signed a contract with Wanhua Chemical Group to source catalysts for its new maleic anhydride plant.
- In 2022, BASF introduced X3D, a revolutionary catalyst shaping technology for optimized catalyst performance.
- In 2021, BASF expanded its chemical catalyst recycling capacity and capability with the acquisition of Zodiac Enterprises LLC in Caldwell, Texas.
- In 2019, Evonik opened new plant in India for activated metal catalysts which is used in the food industry to produce sorbitol, the manufacture of active pharmaceutical ingredients (APIs) and in the production of fine and industrial chemicals.
Market Segmentation
Malaysia Catalyst Market is segmented based on type, material, application, and region. Based on the type, the market is divided into heterogeneous catalysts and homogeneous catalysts. Based on the material, the market is fragmented into zeolites, chemical compounds, metals, additives, and others. Based on the application, the market is categorized into petroleum refining, chemical synthesis, polymers and petrochemicals, environmental, and others. Based on region, the market is segregated into East Malaysia, and West Malaysia,
Company Profiles
BASF (Malaysia) Sdn. Bhd., W R Grace Specialty Chemicals (Malaysia) Sdn. Bhd., Clariant (Malaysia) Sdn Bhd, Evonik Malaysia Sdn Bhd, Honeywell International Sdn. Bhd., Johnson Matthey Sdn Bhd, Dow Chemical Pacific Ltd, Topsoe Sdn. Bhd., Axens South East Asia Sdn Bhd, Shell Malaysia Plc are some of the key players in Malaysia Catalyst Market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, Company shares, competitive landscape, growth factors, and trends |
| Segments covered | Type Material Application |
| Region scope | East Malaysia, West Malaysia |
| Key companies profiled | BASF (Malaysia) Sdn. Bhd., W R Grace Specialty Chemicals (Malaysia) Sdn. Bhd., Clariant (Malaysia) Sdn Bhd, Evonik Malaysia Sdn Bhd, Honeywell International Sdn. Bhd., Johnson Matthey Sdn Bhd, Dow Chemical Pacific Ltd, Topsoe Sdn. Bhd., Axens South East Asia Sdn Bhd, Shell Malaysia Plc |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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