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Catalyst Carriers Market Analysis

  • Report ID: GMI8146
  • Published Date: Feb 2024
  • Report Format: PDF

Catalyst Carriers Market Analysis

Based on product type, the market is divided into activated carbon, ceramics, zeolites and others. Ceramics held the dominant market share of USD 160 million in 2023. The high surface area, thermal stability, and mechanical strength of ceramic materials make them well-suited for catalyst support applications. Their inert nature and resistance to harsh operating conditions, such as elevated temperatures and corrosive environments, contribute to their longevity and effectiveness as catalyst carriers. Ceramics offer versatility, allowing for tailored designs to meet specific catalytic requirements. Moreover, their ability to facilitate efficient mass transfer and enhance the dispersion of active catalytic components further solidifies their prominence in the market.
 

Catalyst Carriers Market Revenue Share, By Shape, (2023)

Based on shape, the market is categorized into sphere, ring, honeycomb and others. Sphere accounted for 43% market share in 2023 and is projected to grow through 2032. The spherical geometry offers a high surface area-to-volume ratio, facilitating efficient catalytic reactions and maximizing the exposure of active sites. Spheres exhibit excellent fluid dynamics, enabling optimal flow through reaction systems and minimizing pressure drop. Additionally, their uniform shape enhances mechanical stability, providing durability during handling and usage. The versatility of spherical catalyst carriers makes them adaptable to various applications across industries, including petrochemical, refining, and environmental catalysis.
 

Based on surface, the market is categorized into low (0-10 m²/g), intermediate (10-120 m²/g), high (>120 m²/g). Intermediate (10-120 m²/g) accounted for major market share in 2023 and is projected to grow through 2032. Catalyst carriers falling within this range offer a middle ground that accommodates diverse catalytic applications across industries. With a moderate surface area, these carriers strike a balance between providing sufficient active sites for catalytic reactions and maintaining mechanical strength. This versatility allows for effective utilization in various processes, such as petrochemical refining, where both surface area and stability are critical. Catalyst carriers with intermediate surface areas cater to the demand for adaptability, making them suitable for a range of catalytic applications without compromising on performance, making them widely favored in the catalyst carriers market.
 

Based on end use, the market is categorized into oil and gas, chemical manufacturing, automotive, environmental, hydrogen production, pharmaceutical production, energy storage and others. Oil and Gas accounted for major market share in 2023 and is projected to grow through 2032. Catalyst carriers play a pivotal role in facilitating chemical reactions within refining and petrochemical operations, essential components of the oil and gas industry. The demand for efficient and durable catalyst carriers is inherently linked to the need for optimal performance in hydrocracking, reforming, and other refining processes. The versatility of catalyst carriers allows for tailoring their properties to meet the specific requirements of diverse oil and gas applications. Moreover, as the industry continually seeks enhanced efficiency and reduced environmental impact, catalyst carriers play a crucial role in enabling cleaner and more sustainable processes within the oil and gas sector, further driving their popularity in this end-use.
 

North America Catalyst Carriers Market Size, 2020- 2032 (USD Million)

North America dominated the global catalyst carriers market in 2023. It generated a revenue of USD 123 million in 2023. The robust presence of key industries such as oil and gas, chemical manufacturing, and automotive, coupled with the increasing emphasis on sustainable practices, has fueled the demand for advanced catalyst carriers. Additionally, the region's continuous investments in research and development, coupled with technological advancements, are driving innovation in catalyst technology. Stricter environmental regulations are prompting industries to adopt efficient catalyst carriers for cleaner processes, contributing to market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for catalyst carriers was worth around USD 355 million in 2023 and is anticipated to expand at 4.8% CAGR between 2024 and 2032 driven by the surging demand for cleaner energy sources and the need for efficient chemical manufacturing processes.

Catalyst carriers industry from the ceramics segment generated USD 160 million in 2023 and is estimated to witness high demand through 2032 owing to its high surface area, thermal stability, and mechanical strength of ceramic materials which makes them well-suited for catalyst support applications.

North America industry for catalyst carriers was worth USD 123 million in 2023 and is set to exhibit considerable growth between 2024 and 2032 owing to the robust presence of key industries such as oil and gas, chemical manufacturing, and automotive, coupled with the increasing emphasis on sustainable practices.

Some of the leading firms engaged in the catalyst carriers are Corning Incorporated, Albemarle Corporation, Clariant AG, Axens, BASF SE, Evonik Industries AG, Johnson Matthey Plc, Mitsubishi Chemical Corporation, PQ Corporation, Saint-Gobain S.A., and Süd-Chemie AG

Catalyst Carriers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 230
  • Countries covered: 22
  • Pages: 320
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