Improvisation In Pore Volumes To Provide Tailwinds For Catal...| MENAFN.COM

Friday, 07 October 2022 06:44 GMT

Improvisation In Pore Volumes To Provide Tailwinds For Catalyst Carriers Market Growth, Suggests Fact.MR


(MENAFN- GlobeNewsWire - Nasdaq)

South Korea, Seoul, Sept. 23, 2022 (GLOBE NEWSWIRE) -- The global catalyst carriers market is estimated at US$ 414.1 million in 2022 and is forecasted to expand at 3.9% CAGR during the forecast years of 2022-2032.

Innovation and research have remained a significant driving force for the catalyst carriers market . Market players are focusing on improving the performance of catalyst carriers, pore volume, catalytic deactivation mechanism, and carrier effects to offer seamless application. The improved pore structure of catalyst carriers provides a larger reaction site for catalysts, leading to optimized performance. Catalysts are now helping in the processing of hydrocarbons and delivering optimization characteristics for butylene over existing propylene.

Catalyst have showcased the technological capabilities to increase the demand for octane due to strict regulations on sulfur for its post-treatment. Growing research has enabled the use of catalysts for increasing transportation fuel yields. The opening of R&D centers across the globe by market players will provide them with successful growth potential in the years ahead.

Get Sample PDF of This Research Report with Detailed Table of Content:

Paramount Demand for Catalyst Carriers in Pharmaceutical & Petrochemical Industries

Growing versatility and applicability of catalyst carriers have opened new doors in the pharmaceutical and petrochemical industries. Increased spending by governments on the petrochemical and pharmaceutical industries has stimulated the growth of the market. Catalyst carriers enable manufacturers to refine mixtures into highly pure substances. The need for highly pure grades of substances in the pharmaceutical industry has driven the market. Pharmaceutical applications in the industry have remained a steady growth factor for the market over the last few years. Continuous demand from the pharmaceutical industry is likely to boost the market over the coming years.

Key Takeaways from Market Study

  • The catalyst carriers market is set to expand at a CAGR of 3.9% and reach US$ 608.9 million by 2032.
  • The market expanded at 2.5% CAGR between 2017 and 2021.
  • Under type, ceramics catalyst carriers dominate and are valued at US$ 288.1 million.
  • North America leads the global market with 22.8% share.
  • Chemical industries are likely to represent 34.5% market share in 2022.
  • Revenue from catalyst carriers is expected to increase at CAGRs of 4.9% and 4.8%, respectively, in North America and East Asia.

Speak to Analyst

Segmentation of Catalyst Carriers Industry Research

  • By Type :
    • Ceramic
      • Alumina
      • Titania
      • Magnesia
      • Silicon Carbide
      • Silica
      • Others
    • Activated Carbon
    • Zeolite
    • Others
  • By Form :
    • Sphere
    • Extrudate
    • Powder
    • Honeycomb
    • Others
  • By Surface Area :
    • Low (0-10 m2/g)
    • Intermediate (10 - 120 m2/g)
    • High (>120 m2/g)
  • By Pore Volume :
    • 0-0.3 cm3/g
    • 0.3-0.7 cm3/g
    • >0.7 cm3/g
  • By End-use Industry :
    • Chemicals
    • Petrochemicals
    • Oil & Gas
    • Automotive
    • Pharmaceuticals
    • Agrochemicals
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Manufacturers' Key Strategy Analysis

Prominent catalyst carrier manufacturers are Almatis, Evonik Industries, BASF, Cabot Corporation, Magma Catalysts, Noritake Co. Limited, CeramTec, CoorsTek, SASOL, and W.R.Grace.

The market for catalyst carriers is growing with increased applications and use cases in end-use industries globally. Catalyst carrier demand and supply across the globe are well-maintained by the presence of active suppliers and local sourcing available in surplus. Burgeoning demand for active applications of catalyst carriers, ranging from pharmaceutical to oil & gas, will induce the need for a strong supply chain and procurement sources.

Carriers are used as a prominent element during the catalytic reaction in the petrochemical industry  to refine crude-based products.

Eminent Players' Growth Stratagem

Market players such as Evonik Industries, Almatis, BASF SE, and others are expanding their production bases for producing high-end catalyst carriers for reliable applications. The heightening of gross value added for key industries associated with catalyst carriers has made a positive impact on the demand and supply of carriers for key end-use industries.

Market players are now focusing on improving the material composition of carriers to penetrate the market with better and more reliable carrier materials and structures for production. Similar strategies have been adopted by key end-use industries looking for continuous improvement in material.

The market for catalyst carriers is still under-saturated and periodic investments with a hiked index of industrial production may possibly add positive growth to the industry.

Quick Buy: catalyst carriers Market Research Report

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global catalyst carriers market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (ceramic (alumina, titania, magnesia, silicon carbide, silica, others), activated carbon, zeolite, others), form (sphere, extrudate, powder, granulated, honeycomb, others), surface area (low (0-10 m2/g), intermediate (10 - 120 m2/g), high (>120 m2/g)), pore volume (0-0.3 cm3/g, 0.3-0.7 cm3/g, >0.7 cm3/g), and end-use industry (chemicals, petrochemicals, oil & gas, automotive, pharmaceuticals, agrochemicals, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Check out more related studies published by Fact.MR Research:

Phosphorus Based Catalyst Market - The global phosphorus based catalyst market is projected to register substantial growth during the forecast period due to the increased demand for phosphorus based catalysts from various industry products such as fertilizers, detergents, water treatment chemicals, metal finishing, flame retardants, and foods.

Secondary Reforming Catalyst Market - The rapid growth of the petrochemical industry has created an upsurge in the demand for secondary reforming catalysts in the manufacturing of various chemicals and gases. The refinery catalyst market is also growing at a high rate and increasing refinery capacities are pushing the demand for high-performance secondary reforming catalysts, which is projected to continue over the forecast period 2021-2031.

Primary Reforming Catalyst Market - The demand for primary reforming catalysts from petrochemical industries is on the rise. The rapid growth of the petrochemical industry has created an upsurge in the demand for primary reforming catalysts for the manufacturing of various chemicals and gases. The refinery catalyst market is also witnessing significant growth. An increase in the capabilities of refineries is boosting the demand for high-performance primary reforming catalysts, which is projected to continue over the forecast period.

Fertilizer Catalyst Market - Rising demand for catalysts is being witnessed from the fertilizer industry. Fertilizer catalysts are various kinds of metal oxides that are used for increasing the reaction rate in the fertilizer industry. Fertilizer catalysts are primarily used during ammonia production.

Honeycomb Board Market - According to the latest market study by Fact.MR, market valuation of honeycomb boards is anticipated to increase at a CAGR of 6.5% over the period of 2021 to 2031, and is set to reach around US$ 2 Bn by 2031, on the back of constant shift in end-user preference towards lightweight and strong materials.

About Us:

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner. 
Contact:
Mahendra Singh 
US Sales Office: 
11140 Rockville Pike 
Suite 400 
Rockville, MD 20852 
Email:




Tags Sales of catalyst carriers Market for Catalyst Carriers vehicle fuel consumption CO2 emissions Demand for Catalyst Carriers Related Links

  • Phosphorus Based Catalyst Market Based on the type of catalyst(Ammonium phosphates ,Phosphorus chloride ,Phosphates ,Phosphorus Pentasulfide ,Purified phosphoric acid ,Phosphorus Pentoxide)- Global Review 2018 to 2028
  • Secondary Reforming Catalyst Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028
  • Primary Reforming Catalyst Market By Process (Hydrogen Generation,Ammonia Production,Formaldehyde Production,Syngas Production ),By Material (Metal oxide,Zeolite)- Global Market insights 2018 to 2028
  • Fertilizer Catalyst Market Size, Trend Analysis & Competitive Tracking By Process (Ammonia Production, Methanol production, Formaldehyde Production, Syngas Production), By Material (Iron Based, Platinum Based) -Global Market Insights 2018 to 2028

MENAFN22092022004107003653ID1104911343


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.