Catalyst Carrier Market | Opportunities, Size, Share, Emerging Trends, Technological Innovation and Forecasts To 2025
Japan, Japan, Mon, 03 May 2021 02:06:15 / Comserve Inc. / — The report analyze market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast.
The market for catalyst carrier is expected to grow at a CAGR more than 5% globally during the forecast period. Catalyst carrier is a porous material used in chemicals and petrochemical industries for refining or treating gases and liquid into intermediate. Solid catalysts used in the form of granules or fine particles are dispersed on a substrate that is a carrier. It exhibits excellent inorganic binding properties, inert in most chemical systems, stable at normal reaction temperatures, and high specific surface area enhances catalytic activity. The increasing demand from the ceramic catalyst and growing consumption of petroleum derivatives have been driving the market growth.
– However, the high manufacturing cost of catalyst carriers due to the use of rare-earth metals and unfavorable conditions arising due to COVID-19 outbreak across the globe are likely to hinder the growth of the studied market.
– The research and development operation going onto develop innovative catalyst carriers to increase the mechanism of action and development of cost-effective catalysts are likely to provide opportunities for the catalyst carrier market over the next five years.
– Asia-Pacific to be the fastest growing market across the globe with the largest consumption from countries such as China and India.
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Key Market Trends
Oil and Gas Industry to Dominate the Market
– The oil and gas industry stands to be the dominating segment. Factors such a growing need for cleaner fuels and heavy and sour crudes, industries such as petrochemicals and chemical synthesis to provide efficient reaction output.
– The demand from the oil & gas industry majorly comes from consumption in petroleum refining, catalytic reforming, and catalytic cracking hydroprocessing.
– A reforming unit operates in extremely high temperatures and uses catalysts in order to syndicate low weight naphtha, and convert it into aromatics, which are used for blending gasoline and making chemicals.
– Catalytic reforming converts (through dehydrogenation) low octane naphtha into higher octane reformate products for gasoline blending and aromatic rich reformate for aromatic production.
– All the aforementioned factors are expected to drive the catalyst carrier market during the forecast period.
North America Region to Dominate the Market
– North America is expected to dominate the market majorly due to the established oil and gas industry. In the past decade, the United States has emerged as a major oil & gas producer due to shale gas exploration in the region.
– The United States is the largest producer of oil and natural in the region. The industry is facing a slowdown due to the sudden outbreak of COVID-19 but it is expected to recover at a rapid pace during the forecast period.
– According to the American Chemistry Council’s (ACC) Mid-Year 2019 Chemical Industry Situation and Outlook, the chemical sector of the country is expected to continue to grow in 2019. The sector stands to be one of the most attractive markets for foreign investment. The chemical output is expected to grow by 3.9% in 2019, and hence, this is expected to drive the market studied.
– According to the Chemistry Industry Association of Canada’s (CIAC), the country experienced a growth of around 6% in 2018, reaching a value of more than USD 25 million in 2018. The announcement of the Petrochemicals Diversification Program (PDP) is expected to further drive the growth during the forecast period. In 2019, the capital spending on industrial chemical industry projects in Canada is expected to jump by 65% to CAD 1.9 billion.
– The region is a prominent automotive manufacturer with majority of manufacturing coming from the United States followed by Mexico. However, the automotive manufacturing is slowing down following the global trend is expected to contribute less to the demand for catalyst carrier market.
– Hence, all such market trends are expected to contribute moderately to demand for catalyst carrier market in the region during the forecast period.
Competitive Landscape
The global catalyst carrier market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Saint-Gobain, Cabot Corporation, W. R. Grace & Co.-Conn., CeramTec and NORITAKE CO., LIMITED amongst others.
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Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from Ceramic Catalyst
4.1.2 Growing Consumption of Petroleum Derivatives
4.2 Restraints
4.2.1 High Overall Cost of Manufacturing
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Ceramics
5.1.2 Activated Carbon
5.1.3 Zeolites
5.1.4 Others
5.2 Material Type
5.2.1 Alumina
5.2.2 Titania
5.2.3 Zirconia
5.2.4 Silica
5.2.5 Others
5.3 Shape
5.3.1 Sphere
5.3.2 Ring
5.3.3 Honeycomb
5.3.4 Others
5.4 End-user Industry
5.4.1 Oil and Gas
5.4.2 Chemical Manufacturing
5.4.3 Automotive
5.4.4 Pharmaceuticals
5.4.5 Others
5.5 Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2 India
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 United States
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 United Kingdom
5.5.3.3 France
5.5.3.4 Italy
5.5.3.5 Rest of Europe
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle-East and Africa
5.5.5.1 Saudi Arabia
5.5.5.2 South Africa
5.5.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Cabot Corporation
6.4.2 CeramTec
6.4.3 CoorsTek
6.4.4 Evonik Industries
6.4.5 Magma Ceramics & Catalysts
6.4.6 NORITAKE CO.,LIMITED
6.4.7 Saint-Gobain
6.4.8 Sasol Performance Chemicals
6.4.9 ALMATIS AN OYAK GROUP COMPANY
6.4.10 W. R. Grace & Co.-Conn.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 R&D to Increase the Mechanism of Action
7.2 Ongoing R&D for Development of Cost Effective Catalyst
7.3 Other Opportunities
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