Market Insights
The catalyst carriers market is likely to grow at a promising CAGR of 6.9% for the next five years.
Catalyst carriers are porous materials that are used to support catalysts. They are typically solids with high surface areas, which allows them to distribute catalysts evenly and improve their activity. Catalyst carriers also have a number of other beneficial properties, such as good mechanical strength, corrosion resistance, and high-temperature stability. Catalyst carriers are made from a variety of materials, including zeolites, activated carbon, and ceramics. They are available in a variety of shapes, including spheres, rings, honeycombs, and extrudates.
The growing consumption of petroleum derivatives to meet the increasing energy demand is a major driver of the catalyst carriers market. This growth is further driven by stringent regulations associated with petroleum treatment. The demand for effective catalysis across industrial verticals is another major factor that is expected to drive the catalyst carriers market. However, the incorporation of advanced technologies in chemical synthesis, which is diminishing the use of catalysts, is restraining the market.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Product-Type Analysis
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Ceramics, Activated Carbon, and Zeolites
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Ceramics is anticipated to remain the dominant as well as the fastest-growing segment during 2023-2028.
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Shape-Type Analysis
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Sphere, Porous, Ring, Extrudate, and Honeycomb
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Sphere is likely to account for the major market share as well as remain the fastest-growing segment in the coming years.
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End-use-Industry Analysis
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Oil & Gas, Chemical Manufacturing, and Automotive
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Oil & Gas is expected to remain the largest as well as the fastest-growing material type in the coming years.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
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Product Trends
The catalyst carriers market is segmented into ceramics, activated carbon, and zeolites. Ceramics are the most widely used type of catalyst carrier due to their high thermal stability and mechanical strength. Activated carbon is used in applications where a high surface area is required, such as in the production of hydrogen. Zeolites are used in applications where high selectivity is required, such as in the production of gasoline.
Shape Trends
The market is segmented into sphere, porous, ring, extrudate, and honeycomb. Spheres are the most widely used shape due to their uniform distribution and high surface area. Porous carriers are used in applications where high surface area is required. Rings are used in applications where high mechanical strength is required. Extrudates are used in applications where high thermal stability is required. Honeycomb carriers are used in applications where high porosity is required.
End-Use Industry Trends
The market is segmented into oil & gas, chemical manufacturing, and automotive. Oil & gas is the largest end-use industry for catalyst carriers. Catalyst carriers are used in the oil & gas industry to improve the efficiency of catalysts in the refining process. Chemical manufacturing is the second largest end-use industry for catalyst carriers. Catalyst carriers are used in the chemical manufacturing industry to produce a variety of products, such as fertilizers, plastics, and pharmaceuticals. Automotive is the third largest end-use industry for catalyst carriers. Catalyst carriers are used in the automotive industry to reduce emissions from vehicles.
Regional Analysis
Asia-Pacific is expected to remain the largest market for Catalyst Carriers during the forecast period. The region's massive economic development has led to the growth of the manufacturing sector, which has in turn led to the growth of the chemical, oil & gas, and automotive industries. Low production costs, easy access to skilled labor at a low cost, and government initiatives such as the Foreign Collaborations (FCI) scheme are expected to further drive investment in the form of capacity expansions in these industries in the region. These factors are expected to drive the growth of the catalyst carriers market in the region.
The catalyst carriers market is segmented into the following categories:
By Product Type
- Ceramics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Activated Carbon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Zeolites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Shape Type
- Sphere (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Porous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Extrudate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Honeycomb (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-use Industry
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the catalyst carriers market:
- Almatis GmbH
- Cabot Corporation
- CeramTec GmbH
- CoorsTek Inc.
- Evonik Industries
- Magma Ceramics & Catalysts
- Noritake Co., Limited
- Saint-Gobain
- Sasol Ltd.
- W. R. Grace & Co.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s catalyst carriers’ market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
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Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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