The Market Reports

Synopsis
The global market for Hydrogenation Catalyst was estimated to be worth US$ 3924 million in 2024 and is forecast to a readjusted size of US$ 5262 million by 2031 with a CAGR of 4.2% during the forecast period 2025-2031.
Hydrogenation catalysts are specialized chemical substances that accelerate the hydrogenation process, a reaction in which hydrogen is added to unsaturated organic compounds, typically in the presence of heat and pressure. These catalysts are critical in refining, petrochemical production, and food processing industries. Depending on their composition, hydrogenation catalysts are broadly classified into base metal catalysts—comprising nickel, cobalt, and molybdenum—and noble metal catalysts, which include platinum and palladium. Base metal catalysts are more widely used due to their cost efficiency and high effectiveness in large-scale hydroprocessing operations such as desulfurization, denitrogenation, and hydrocracking.
Market Landscape and Competitive Dynamics
The hydrogenation catalyst market is defined by high technical barriers and a concentrated competitive environment. The top three global suppliers—Clariant, Shell Catalysts & Technologies, and Advanced Refining Technologies (ART)—collectively command 35.01% of the market. These companies maintain strong footholds across both the refining and petrochemical sectors, supported by long-standing client relationships and proprietary technologies. Other notable participants include Ketjen, Johnson Matthey, Haldor Topsoe, UOP (Honeywell), and Sinopec, which also contribute to the market with diverse product portfolios and regional strengths. Production is primarily centered in industrialized regions such as the United States, Europe, China, and Japan, reflecting the technological complexity and capital intensity required for manufacturing hydrogenation catalysts.
Market Trends and Future Outlook
Looking ahead, the global hydrogenation catalyst market is poised for growth, particularly in emerging regions such as China, Southeast Asia, and the Middle East. These markets are expanding their refining capacity and petrochemical output, fueled by increasing energy demand and industrial development. Additionally, the global shift toward cleaner energy sources and sustainable fuels is boosting demand for hydrogenation catalysts in applications such as Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF). In contrast, Europe’s market remains relatively stable, shaped by stricter environmental policies and moderate fuel demand. By application, the refining sector leads consumption, accounting for 49.72% of revenue, followed by petrochemical production at 23.97%, and oil & fat hydrogenation at 14.39%. These trends underscore the essential role of hydrogenation catalysts in both traditional and renewable energy markets.
This report aims to provide a comprehensive presentation of the global market for Hydrogenation Catalyst, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Hydrogenation Catalyst by region & country, by Type, and by Application.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Hydrogenation Catalyst cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
The Hydrogenation Catalyst market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrogenation Catalyst.
Market Segmentation
By Company
BASF
Clariant
Evonik
Advanced Refining Technologies (ART)
Shell Catalysts & Technologies
Johnson Matthey
Axens
UOP
Haldor Topsoe
Ketjen
Sinopec
CNPC
Beijing Haixin Energy Technology
Segment by Type
Base Metal Catalysts
Noble Metal Catalysts
Other
Segment by Application
Refining
Petrochemicals
Oil & Fat Hydrogenation
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Hydrogenation Catalyst manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Hydrogenation Catalyst in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Hydrogenation Catalyst in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index