Catalyst Carriers Market: Overview and Dynamics
A catalyst is a vital entity of numerous chemical processes. The ability of catalyst to alter the rate of chemical reaction makes its significant in the chemical industry. Catalyst carriers are material responsible for enhancing the properties, performance and efficacy of catalyst during the synthesis. Also, in few chemical processes, catalyst carriers can also be used as an external medium to inhibit the dissolution of catalyst material into the solution. For this particular purpose the catalyst carrier is coated on the surface of a catalyst. Catalyst carriers possess exclusive properties such as mechanical, thermal and chemical stability, which enables the catalyst to remain efficient in extensive temperature ranges.
The highlighting attribute of catalyst carrier is its anti-corrosive and anti-abrasive properties which provides an added benefit of the material. Catalyst Carriers also impart many of the essential properties which are a requisite in many chemical processes. For instance, catalyst carriers show tremendous inorganic binding properties, remain inert during chemical processes (both acidic & alkaline solutions), remain stable during reaction temperatures & restrict the mixed compound allowance during the chemical process. In the market place, numerous types of catalysts are available. However, only few specific types of catalyst carriers are witnessing adoption in large volumes. Catalyst carriers gaining adoption in the commercial space are alumina or alumina-silica, silicon carbide, silica or silica-alumina, titania and zirconia. Rest all catalyst carriers are witnessing low consumption in the market place. The efficacy of a catalyst carrier somehow depends on its stoichiometry & geometry. Thus, many suppliers in the market are developing catalyst carriers with different surface area, pore volume and shape. Customized catalyst carriers with different shape and surface area are in significant demand for numerous applications.
The demand for catalyst carriers for numerous application is gaining adoption since the past few years and it is expected that the attraction for catalyst carriers will grow during the forecast period. Due to properties, such as better mechanical, chemical & thermal stability, catalyst carriers are expected to get adopted and witness high demand from high-end applications.
Due to growing demand for catalysts in chemical processes, the demand for catalyst carriers is also expected to increase during the forecast period. That apart, presence of high economic growth economies and technological advancements will create significant growth opportunities for catalyst carrier manufacturers. Moreover, growing demand for tailor-made catalyst carriers for niche applications is expected to further fuel the demand for catalyst carriers across the globe. However, the synthesis of catalyst carriers involves technical expertise and the process involves different complex processing stages, which increases the overall cost of the final product. This high cost may act as an adoption barrier for catalyst carriers.
COVID-19 Impact Insights
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This situation has restricted the manufacturing of non-essential products from petrochemical, oil & gas, automotive and chemical industry limiting the global demand for catalyst carriers. Due to COVID-19 pandemic, disruption in global supply chain has halted the operations of agrochemicals and pharmaceutical industry restraining the overall growth of catalyst carrier market. The plant shutdowns in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of the chemicals, petrochemicals, oil & gas, automotive and agrochemicals industries leading to a drop in production of catalyst carriers. However, uplifting of lockdown in regions of high demand is showing a ray of hope for the catalyst carriers market to bounce back strongly and reach it desired potential.
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Catalyst Carriers Market: Regional Outlook
In the global market, the consumption of catalyst carriers is expected to increase predominantly because of its growing adoption in numerous applications. China is expected to dominate, both in terms of production as well as consumption of catalyst carriers. The major driving factor for China along and other Asian countries, such as India, South Korea, ASEAN and others, is the growing industrial infrastructure. Also, expansion of production capacity by local manufacturers is a common trend being witnessed in the catalyst carriers market. Developed regions, such as North America, Western Europe & Japan, are expected to show stagnant growth as the chemical processing industry in these regions is in its matured stage. LA & MEA is expected to show significant growth in terms of catalyst carrier consumption.
Catalyst Carriers Market: Key Players
The prominent players in the catalyst carrier market are BASF, Cabot Corporation, CeramTec, CoorsTek, Evonik, Magma Catalysts, NORITAKE CO., LIMITED, Saint-Gobain Ceramic Materials, SASOL, W. R. Grace and other players.
The research report presents a comprehensive assessment of the catalyst carriers market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The catalyst carriers Market report provides analysis and information, according to market segments such as geographies, product type, material type and end use.
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The Catalyst Carriers Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Catalyst Carriers Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The catalyst carriers report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The catalyst carriers report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The catalyst carriers report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
The Catalyst Carriers Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation Analysis of Catalyst Carriers Market
The global catalyst carriers market is classified majorly into seven segments: type, material type, shape, surface area, pore volume, end-use industry and region.
On the basis of type, the catalyst carriers market can be segmented as:
- Activated Carbon
On the basis of material type, the catalyst carriers market can be segmented as:
- Silicon Carbide
On the basis of shape, the catalyst carriers market can be segmented as:
On the basis of surface area, the catalyst carriers market can be segmented as:
- Low (0-10 m2/g)
- Intermediate Surface Area (10 - 120 m2/g)
- High (>120 m2/g)
On the basis of pore volume, the catalyst carriers market can be segmented as:
- 0-0.3 cm3/g
- 0.3-0.7 cm3/g
- >0.7 cm3/g
On the basis of end-use industry, the catalyst carriers market can be segmented as:
- Chemical Processing
On the basis of region, catalyst carriers market has been segmented as follows:
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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