Global Catalyst Carriers Market Trajectory & Analytics Report 2022: Rise in Consumption of Petroleum Refining Catalysts Elevates Demand - ResearchAndMarkets.com

The "Catalyst Carriers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Catalyst Carriers Market to Reach 134.5 Million Kilograms by 2026

Amid the COVID-19 crisis, the global market for Catalyst Carriers estimated at 107.4 Million Kilograms in the year 2020, is projected to reach a revised size of 134.5 Million Kilograms by 2026, growing at a CAGR of 3.9% over the analysis period.

Ceramics, one of the segments analyzed in the report, is projected to grow at a 4.3% CAGR to reach 77.5 Million Kilograms by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Activated Carbon segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 27.6% share of the global Catalyst Carriers market.

The U.S. Market is Estimated 45.3 Million Kilograms in 2021, While China is Forecast to Reach 15.2 Million Kilograms by 2026

The Catalyst Carriers market in the U.S. is estimated at 45.3 Million Kilograms in the year 2021. The country currently accounts for a 41.43% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 15.2 Million Kilograms in the year 2026 trailing a CAGR of 5.3% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach 16.2 Million Kilograms by the close of the analysis period.

Technological advancements and increased energy demand in emerging economies are likely to create tremendous growth opportunities for the manufacturers of catalyst carriers. Further, the rising demand for customized catalyst carriers for certain niche applications would further augment the global market growth.

The growth in the chemical industry and stricter government regulations pertaining to petroleum treatment are some other major factors that are expected to bolster the market growth. However, the high manufacturing cost of catalyst carriers owing to the usage of rare earth elements, need for technical expertise and involvement of various complex processing stages are likely to hinder the growth prospects of the market in the near future. In addition, declining feedstock advantages and the growing focus on renewable energy sources are anticipated to restrain the market growth.

Moreover, stringent regulations, lack of protocols and standards, and price volatility of raw materials used for producing catalyst carriers are anticipated to hamper growth in the global catalyst carriers market. The ongoing COVID-19 pandemic across the globe has also adversely affected the manufacturing process, which in turn is expected to act as a growth barrier for the market in the near-term.

The increase in research and development activities for developing innovative catalyst carriers that can render support to the catalyst to improve its action mechanism, as well as enable the production of cost-effective catalysts are expected to offer lucrative growth opportunities for the market participants in the coming years.

Zeolites Segment to Reach 17.5 Million Kilograms by 2026

In the global Zeolites segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 11.7 Million Kilograms in the year 2020 will reach a projected size of 14.6 Million Kilograms by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.7 Million Kilograms by the year 2026, while Latin America will expand at a 3.7% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession
• Slowdown in End Use Markets Impacts Consumption of Catalyst Carriers
• Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
• CAPEX Cuts in the O&G Industry Puts Investments on IEMS Into the Back Burner
• Chemical Industry
• Automotive Sector
• Catalyst Carriers to Enjoy Upswing in Demand from Resurgence in Liquid Fuel Industry after Brief COVID-19-Led Hiatus
• Global Chemical Industry: Stable Outlook with Tenuous, Erratic Recovery across Regions
• US Chemical Industry to Come Out from Transitory, yet Sharp Recession with U-Shaped Recovery
• Catalysts and Catalyst Carriers: A Prelude
• Catalyst Carriers: What are They?
• Popular Catalyst Carriers
• End-Use Applications
• Global Catalyst Carriers Market Overview
• Analysis by Region
• Analysis by Type
• Recent Market Activity
• World Brands

2. FOCUS ON SELECT PLAYERS (Total 40 Featured)

• Almatis GmbH
• Applied Catalyst
• BASF SE
• C&CS GmbH
• Cabot Corporation
• Calgon Carbon Corporation
• CeramTec GmbH,
• Christy Catalytics
• CoorsTek Inc.
• Devson Catalyst
• Evonik Industries
• Exacer s.r.l.
• JGC Catalysts and Chemicals Ltd.
• Magma Ceramics & Catalysts
• NORITAKE CO., LIMITED
• Pingxiang Gophin Chemical Co., Ltd
• Porocel Corporation
• Saint-Gobain
• SAKAI CHEMICAL INDUSTRY CO.,LTD.
• SINOCATA
• Ultramet
• W. R. Grace & Co.

3. MARKET TRENDS & DRIVERS

• Rise in Consumption of Petroleum Refining Catalysts Elevates Demand for Catalyst Carriers
• Use of Ceramic Catalyst Carriers in Petroleum Refining
• Demand for Petroleum Derivatives and Growth Opportunities Ahead
• Increasing Use of Catalyst Carriers in Petroleum Derivatives
• Continued Demand for Crude Oil Presents Lucrative Opportunities for Carrier Catalysts
• Stringent Petroleum Treatment Regulations Augment Demand
• Developments in Catalytic Hydrogenation Vertical Augur Well
• Zeolites Emerge as Attractive Material in Petroleum Refining Industry
• Growing Adoption of Catalyst Carriers in Agriculture
• Catalyst Carriers: Playing a Transformative Role in Chemical Industry
• High Selectivity: A Key Feature of Chemical Process Catalysts
• Activated Carbon Remains an Ideal Carrier Material for Precious Metals
• Automotive Sector: A Prominent End-Use Market for Catalyst Carriers
• Tightening Regulatory Landscape Builds Robust Platform for Wider Proliferation of HDD Catalysts
• Automotive Industry Trends Impact Market Uptake
• Growing Role of Emission Control Catalysts in Pollution Control Supports Demand for Catalyst Carriers
• Emission Norms for Heavy Duty Vehicles: Implementation Timeline in Key Regional Markets
• Innovations & Advancements Spur Growth
• Manufacturers Gain from Catalyst Carrier Customization
• Heterogeneous Catalysts Present Attractive Opportunities
• Application of Catalyst Carriers in Pharmaceutical Industry
• Growing Opportunities in Diverse Application Markets

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/8hok05

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