Organic Catalyst Market Size 2022 Analysis by Top Key Players | F. Hoffmann-La Roche Ltd (Switzerland), Mystical Biotech Pvt Ltd (India), newtopchem (China)
Research Reports
Jan 06, 2022
Market Summary
The Global Organic Catalyst Market was valued around USD 550 million in 2018, registering a CAGR of over 4.8% during the forecast period. The growth of the global organic catalyst market is due to the demand for chemical with less metal content in medicines, fertilizers, pesticides and others. Owing to be a less hazardous chemical syntheses process organocatalysis can be consider as chief example of green chemistry, thereby increasing its demand in medicinal applications. Additionally, the easy availability, low manufacturing cost, high selectivity, chemical inertness towards moisture and oxygen are other advantages of organic catalyst over organometallic catalyst that are likely to boost its growth during the forecast period.
Key Players
The key players operating in the global organic catalyst market include Yangzhou Dajiang Chemical Co.,Ltd (China), F. Hoffmann-La Roche Ltd (Switzerland), Mystical Biotech Pvt Ltd (India), newtopchem (China), Pon Pure Chemicals (India), Evonik Industries AG (Germany), BASF SE (Germany), DSM (The Netherlands), Nouryon (The Netherlands), Gulbrandsen (US), Mitushi Biopharma (India), Novozymes (Denmark), AB Enzymes (Germany), Aum Enzymes (India), and Bio-Organic Catalyst (US).
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By application the global market has been categorized into medicines, fertilizers, pesticides, paper & pulp, and others. The medicines segment held the largest share of organic catalyst market attributed to be a biocatalysis process medications formed from the organic catalyst have minimal metal content in their products. Therefore, making them a better alternative over their substitutes such as metal organic catalyst and metal hybrid catalyst.
Based on end-use industry, the global market has been segregated into chemical, agriculture, healthcare, food & beverages, and others. The global organic catalyst market is dominated by the healthcare industries as they led to the high consumption of the organic catalysts to produce organic compounds that can be used for medicinal purposes.
Regional Analysis
The global organic catalyst market has been categorized into five regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific region held the largest share for the global organic catalyst market in 2018 and is expected to follow a similar trend during the review period. Owing to the growing chemical industry and strong agriculture industry of the region led by China and trailed by Japan, India and South Korea respectively.
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North American regional market had the second largest share in the organic catalyst market in 2018 led by the US. The growth of organic catalyst in the region is attributed to the region having a largest pharmaceutical sector which requires consumption of organic catalyst for the easy production of their products. Thus, increasing the growth in the regional market.
The European market for organic catalyst is expected to register moderate growth during the forecast period. Attributed to the stringent policies set by agencies such as REACH for adoption of green chemistry in their industry is compelling the industrial leaders to shift towards the organic catalyst and thus contributing to the regional market growth.
The Middle East & African market is witnessing slow growth as compared to the other regions. However, the growing pharmaceutical and chemical Industry in countries such the UAE, Saudi Arabia and Qatar are likely to fuel the demand for organic catalyst in the coming years.
The market in Latin America is picking up the pace owing to the expanding agriculture industry in the countries such as Brazil and Argentina, which are expected to fuel the demand for the organic catalyst.
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Segmentation
The global organic catalyst market has been segmented based on product type, end-use industry, and region.
By product type, the global market has been classified into by product type enzymes, amines, chiral amides, iminium, carbenes, and others. The enzymes segment held the largest share for the organic catalyst market in 2018 and is expected to be dominant during the forecast period.
On the basis of application, the global market has been categorized into medicines, fertilizers, pesticides, paper & pulp, and others. The medicines segment held the largest share of organic catalyst market.
Based on end-use industry, the global market has been segregated into chemical, agriculture, healthcare, food & beverages, and others. The healthcare industry dominated the global organic catalyst market in 2018 and is expected to remain a dominating industry during the assessment period.
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