Hydroformylation Rhodium Catalyst Market Report： the market size is projected to reach USD 1.12 billion by 2031

Hydroformylation rhodium catalyst is a type of rhodium-based complex catalyst used to drive the hydroformylation reaction of olefins with carbon monoxide and hydrogen to produce aldehydes. Characterized by mild reaction conditions (low temperature and pressure), high selectivity, and strong activity, it is widely applied in industrial synthesis of butanol, octanol, etc., serving as a key material for detergents and fragrances. It offers higher efficiency and environmental friendliness compared to cobalt catalysts.

According to the new market research report “Hydroformylation Rhodium Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Hydroformylation Rhodium Catalyst market size is projected to reach USD 1.12 billion by 2031, at a CAGR of 5.1% during the forecast period.

Figure. Global Hydroformylation Rhodium Catalyst Market Size (US$ Million), 2020-2031

Source: QYResearch, "Hydroformylation Rhodium Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

Market Drivers
Growth in demand for downstream products: Butanol and octanol, as core downstream products, directly drive the demand for rhodium catalysts. At the same time, the demand for high-purity aldehyde intermediates in emerging fields such as new energy battery materials and degradable plastics has increased, promoting the application of high-activity rhodium catalysts.
Policies and environmental protection promote technology upgrades: China's "dual carbon" goals accelerate the green transformation of the chemical industry, and high-efficiency and low-rhodium catalysts and recycling technologies have become key development directions.

Market Resistance
Rhodium price fluctuations and supply risks: Rhodium metal prices are significantly affected by South Africa's supply (accounting for 80% of the world) and investment demand. In recent years, the price of rhodium metal has fluctuated frequently.
Overcapacity of butanol and octanol: At present, the planned production capacity of butanol and octanol far exceeds the actual demand. Intensified competition has led to a downward trend in global prices, compressing the profit space of catalysts.

Figure. Global Hydroformylation Rhodium Catalyst Top 7 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Source: QYResearch, "Hydroformylation Rhodium Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

According to QYResearch Top Players Research Center, the global key manufacturers of Hydroformylation Rhodium Catalyst include Johnson Matthey, BASF, Umicore, Kaili Catalyst New Materials, Kaida Metal Catalyst and Compounds, etc. In 2024, the global top five players had a share approximately 98.0% in terms of revenue.
In terms of product application, currently Butanol and Octanol is the largest segment, hold a share of 51.2%.


About The Authors
Zhang Xuelu - Analyst for this report
Email: zhangxuelu@qyresearch.com

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