Catalyst Carrier Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Catalyst Carrier Market Analysis
The market for catalyst carrier is expected to register a CAGR more than 5% globally during the forecast period. Catalyst carrier is a porous material used in the 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, and it is inert in most chemical systems and stable at normal reaction temperatures. 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 the COVID-19 outbreak across the world 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 world, with the largest consumption from countries, such as China and India.
Catalyst Carrier Market Trends
This section covers the major market trends shaping the Catalyst Carrier Market according to our research experts:
Oil and Gas Industry to Dominate the Market
- The oil and gas industry stands to be the dominating segment.
- The demand from the oil and gas industry majorly comes from the 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 and 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.
- Hence, all such market trends are expected to contribute moderately to the demand for catalyst carrier in the region during the forecast period.
Catalyst Carrier Industry Overview
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.
Catalyst Carrier Market Leaders
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Saint-Gobain
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Cabot Corporation
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W. R. Grace & Co.-Conn.
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CeramTec
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NORITAKE CO., LIMITED
*Disclaimer: Major Players sorted in no particular order
Catalyst Carrier Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from Ceramic Catalyst
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4.1.2 Growing Consumption of Petroleum Derivatives
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4.2 Restraints
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4.2.1 High Overall Cost of Manufacturing
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4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Ceramics
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5.1.2 Activated Carbon
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5.1.3 Zeolites
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5.1.4 Other Product Types
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5.2 Material Type
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5.2.1 Alumina
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5.2.2 Titania
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5.2.3 Zirconia
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5.2.4 Silica
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5.2.5 Other Material Types
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5.3 Shape
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5.3.1 Sphere
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5.3.2 Ring
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5.3.3 Honeycomb
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5.3.4 Other Shapes
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5.4 End-user Industry
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5.4.1 Oil and Gas
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5.4.2 Chemical Manufacturing
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5.4.3 Automotive
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5.4.4 Pharmaceuticals
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5.4.5 Other End-user Industries
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5.5 Geography
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5.5.1 Asia-Pacific
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5.5.1.1 China
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5.5.1.2 India
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5.5.1.3 Japan
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5.5.1.4 South Korea
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5.5.1.5 Rest of Asia-Pacific
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5.5.2 North America
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5.5.2.1 United States
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5.5.2.2 Canada
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5.5.2.3 Mexico
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5.5.3 Europe
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5.5.3.1 Germany
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5.5.3.2 United Kingdom
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5.5.3.3 France
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5.5.3.4 Italy
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5.5.3.5 Rest of Europe
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5.5.4 South America
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5.5.4.1 Brazil
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5.5.4.2 Argentina
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5.5.4.3 Rest of South America
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5.5.5 Middle-East and Africa
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5.5.5.1 Saudi Arabia
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5.5.5.2 South Africa
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5.5.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Cabot Corporation
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6.4.2 CeramTec
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6.4.3 CoorsTek
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6.4.4 Evonik Industries
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6.4.5 Magma Ceramics & Catalysts
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6.4.6 Noritake Co. Limited
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6.4.7 Saint-Gobain
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6.4.8 Sasol Performance Chemicals
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6.4.9 ALMATIS AN OYAK GROUP COMPANY
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6.4.10 W. R. Grace & Co.-Conn.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 R&D to Increase the Mechanism of Action
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7.2 Ongoing R&D for Development of Cost Effective Catalyst
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7.3 Other Opportunities
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Catalyst Carrier Industry Segmentation
The catalyst carrier market report includes:
Product Type | |
Ceramics | |
Activated Carbon | |
Zeolites | |
Other Product Types |
Material Type | |
Alumina | |
Titania | |
Zirconia | |
Silica | |
Other Material Types |
Shape | |
Sphere | |
Ring | |
Honeycomb | |
Other Shapes |
End-user Industry | |
Oil and Gas | |
Chemical Manufacturing | |
Automotive | |
Pharmaceuticals | |
Other End-user Industries |
Geography | |||||||
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Catalyst Carrier Market Research FAQs
What is the current Catalyst Carrier Market size?
The Catalyst Carrier Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Catalyst Carrier Market?
Saint-Gobain , Cabot Corporation, W. R. Grace & Co.-Conn., CeramTec and NORITAKE CO., LIMITED are the major companies operating in the Catalyst Carrier Market.
Which is the fastest growing region in Catalyst Carrier Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Catalyst Carrier Market?
In 2024, the North America accounts for the largest market share in Catalyst Carrier Market.
What years does this Catalyst Carrier Market cover?
The report covers the Catalyst Carrier Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Catalyst Carrier Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Catalyst Carrier Industry Report
Statistics for the 2024 Catalyst Carrier market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Catalyst Carrier analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.