Syngas Catalyst Market

Syngas Catalyst Market Study by Coal to SNG, Reforming, and Steam Reforming for Hydrogen Synthesis, Ammonia Synthesis, Methanol Synthesis, SNG Plants, Biomass, and Others from 2024 to 2034

Analysis of Syngas Catalyst Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Syngas Catalyst Market Outlook (2024 to 2034)

As revealed in Fact.MR’s recently updated industry report, increasing focus on clean energy and sustainable initiatives will push the global syngas catalyst market to reach US$ 902.4 million in 2024. Projections are that worldwide sales of syngas catalysts will increase at a CAGR of 5.6% and reach US$ 1.56 billion by the end of 2034.

Growing requirements for remote power applications, including consumer products and personal electronic products are anticipated to act as one of the vital factors contributing to the expansion of the syngas catalyst market size. As a synthesis gas; a blend of multiple elements, including carbon dioxide, carbon monoxide, and hydrogen, syngas catalysts are utilized in the production of methanol, ammonia, and natural gas.

Increasing R&D activities by some of the leading players in modernization and technological advancements in production techniques are estimated to create new growth opportunities in catalyst regeneration. Furthermore, there is an increase in the expenditure on GTL (gas-to-liquid) technology, which is responsible for turning syngas into liquid hydrocarbons. The utilization of GTL for producing high-value liquid fuels is projected to lead to the adoption of syngas catalysts.

  • East Asia is forecasted to account for 24.6% of the global syngas catalyst market share by the end of 2034.
  • Sales of syngas catalysts in Japan are projected to rise at 4.3% CAGR from 2024 to 2034.
  • Demand for reforming operation for syngas catalyst production is evaluated to increase at a CAGR of 5.8% and reach a market value of US$ 359.5 million by 2034.

This gas purification catalyst is used as one of the vital components in the production of a wide variety of chemicals and fuels in the chemical and petrochemical industries. With the expansion of these industries, an increased demand for catalysts for syngas is encountered. Syngas catalysts are used as one of the pivotal intermediates in hydrogen generation, which is contributing to rising gas production. This necessitates requirements for syngas production catalysts, which is ultimately driving market growth.

Report Attributes Details
Syngas Catalyst Market Size (2024E) US$ 902.4 Million
Forecasted Market Value (2034F) US$ 1.56 Billion
Global Market Growth Rate (2024 to 2034) 5.6% CAGR
Market Share of Nickel Oxide (2034F) 39.1%
South Korea Market Growth Rate (2024 to 2034) 6.9% CAGR
North America Market Share (2034F) 17.5%
Key Companies Profiled
  • Haldor Topsoe
  • BASF
  • Unicat Technologies
  • Casale
  • Johnson Matthey
  • Clariant

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What is Positively Influencing Demand for Syngas Catalysts?

“Growing Hydrogen Production Driving Demand for Syngas Catalysts”

Hydrogen is one of the prominent backbones used in the petrochemical industry, thus helping the industry become one of the prominent consumers. Hydrogen is used prominently for the hydrocracking process and crude oil desulfurization. This increasing use of hydrogen is projected to generate demand for catalysts for gasification purposes. In addition, hydrogen is identified as one of the key alternative sources of energy, which is positively influencing the syngas catalyst market trends. Therefore, the growing use of syngas catalyst carriers in hydrogen synthesis is anticipated to positively impact market growth in the coming 10 years.

“Multifarious Application of Syngas Catalysts”

Syngas catalysts are utilized for multiple use cases such as methanol synthesis, gasification, ammonia synthesis, hydrogen synthesis, and many more. Due to catalysts used in these use cases, end products are equipped with low-pressure drop properties, high activity, and the ability to retain their properties even at low temperatures, and are available in varied shapes.

What Can Possibly Hinder Market Growth to Some Extent?

“Implementation of Stringent Regulations on Emissions”

Petrochemical and chemical industries are under continuous scrutiny procedure by numerous government organizations due to their role in carbon emissions. Certain stringent regulations have been implemented for the adoption of sustainable and eco-friendly approaches, which is adversely impacting global market growth.

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How are New Companies Make a Name for Themselves in This Market?

“Catalyst Innovation and Constant Technological Development Initiatives”

Start-ups are expected to invest more in multiple R&D activities conducted in catalyst technology to assist in bringing improvement in syngas manufacturing procedures. Constant advancements in catalyst formulations and designs are projected to improve catalytic activity and selectivity.

Country-wise Insights

According to Fact.MR report, East Asia is anticipated to hold 24.6% share of global market revenue by the end of 2034. The presence of a well-established syngas catalyst methanol and syngas catalyst ammonia industries in the regions is driving market growth opportunities. In addition, a growing inclination to adopt alternative fuel options, including methanol, etc. is projected to stimulate manufacturers to target respective end-use industries.

What is Pushing Syngas Catalyst Market Growth in the United States?

“Presence of Well-developed Oil & Gas and Petrochemical Sectors”

Attribute United States
Market Value (2024E) US$ 108.7 Million
Growth Rate (2024 to 2034) 6.3% CAGR
Projected Value (2034F) US$ 200.2 Million

The United States is anticipated to contribute 73.5% share of the North American market by the end of 2034. The presence of the well-established oil & gas and petrochemical industries is contributing to the requirements for syngas for the manufacturing of hydrogen and other related chemicals. Further, some of the key market players have their units in the United States, which offers local methanol and ammonia producers an easy access to syngas catalysts.

What is the Contribution of China to East Asian Market Expansion?

“Prominent Position as Producer and Manufacturer of Chemicals in East Asia”

Attribute China
Market Value (2024E) US$ 131.4 Million
Growth Rate (2024 to 2034) 5.3% CAGR
Projected Value (2034F) US$ 219.3 Million

China is calculated to account for 57.3% share of the East Asian market by the end of 2034. China has been holding a significant position not only as a producer but also as a consumer of chemicals in East Asia. An increased inclination in the country is encountered to produce olefins from methanol, therefore contributing to the rising adoption of methanol to olefins procedure. A joint venture by some leading players with local syngas catalyst manufacturers is also driving market growth.

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Category-wise Insights

Worldwide demand for nickel oxide is forecasted to increase at a CAGR of 5.7% and reach a value of US$ 608.4 million by the end of the assessment period in 2034, as asserted in the research analysis published by Fact.MR, a market research and competitive intelligence provider.

Which Operation is Preferred for Production of Syngas Catalysts?

“Rising Use of Reforming Operation in Syngas Catalyst Production”

Attribute Reforming
Segment Value (2024E) US$ 203.9 Million
Growth Rate (2024 to 2034) 5.8% CAGR
Projected Value (2034F) US$ 359.5 Million

Reforming operation used for syngas catalysts production is anticipated to enjoy a share of 23.1% of global market revenue by the end of 2034. Increased use of this operation is owing to the flexibility of the procedure for multiple use cases, including methanol synthesis, ammonia synthesis, hydrogen synthesis, and others. Improved efficiency of this operation process than other options is contributing to the rising preference by more end users for the production of syngas.

For Which Use Case are Syngas Catalysts Widely Demanded?

“Ammonia Synthesis Use Case Popular among End Users”

Hydrogen Synthesis, Ammonia Synthesis, Methanol Synthesis, SNG Plants, Biomass Gasification, Coal Gasification, Tar Removal, Fuel Cell, and Gas to Liquids are prominent use cases of syngas catalysts. Among these ammonia synthesis operations are set to hold a significant share of global market revenue. The dominance of this operation process in some countries, such as India, China, etc. in ammonia production is contributing to the revenue stream. Further, the growing use of ammonia in fertilizer manufacturing is increasing demand for syngas production catalysts, which is widening opportunities for respective players.

Competitive Landscape

Manufacturers of syngas catalysts are expanding their footprints through the adoption of organic as well as inorganic strategies. Collaboration, partnerships, capacity expansion, etc. are some of the strategies, which help players get a competitive edge. Furthermore, new product development, quality control, and maintaining supply chain systems are some of the strategies adopted by players to attract new customers and retain existing ones.

For instance :

  • Johnson Matthey, in December 2020, secured a license for the development of the largest plants of single-train methanol in the world. This initiative is estimated to help Johnson Matthey extend its footprint in China by offering technology, catalysts, and commissioning assistance.

Key players in the syngas catalyst market include Haldor Topsoe, BASF, Unicat Technologies, Casale, Johnson Matthey, and Clariant.

Segmentation of Syngas Catalyst Market Research

  • By Operation :

    • Coal to SNG
    • Reforming
    • Steam Reforming
    • Others
  • By Catalyst :

    • Nickel
    • Nickel Oxide
    • Others
  • By Use Case :

    • Hydrogen Synthesis
    • Ammonia Synthesis
    • Methanol Synthesis
    • SNG Plants
    • Biomass Gasification
    • Coal Gasification
    • Tar Removal
    • Fuel Cells
    • Gas to Liquids
  • By Region :

    • North America
    • Europe
    • East Asia
    • Latin America
    • Middle East & Africa
    • South Asia & Oceania

- FAQs -

What is the size of the syngas catalyst market in 2024?

The global syngas catalyst market is calculated to reach US$ 902.4 million in 2024.

What is the demand outlook for syngas catalyst for 2034?

Global demand for syngas catalysts is projected to reach a market value of US$ 1.56 billion by 2034-end.

What is the forecasted CAGR for syngas catalyst sales from 2024 to 2034?

The market for syngas catalysts is projected to expand at a CAGR of 5.6% from 2024 to 2034.

How much share of the global market is projected to be held by East Asia?

East Asia is calculated to account for 24.6% of global market revenue share by 2034-end.

What is the sales projection for syngas catalysts in South Korea?

The market in South Korea is forecasted to increase at a CAGR of 6.9% from 2024 to 2034.

What is the contribution of nickel oxide to global market revenue?

Nickel oxide is evaluated to hold 39.1% share of the global market by the end of 2034.

- Also of Interest -

Hydrogen Generation Market

Hydrogen Generation Market Study by Coal Gasification and Steam Methane Reforming for Methanol Production, Ammonia Production, and Petroleum Refining from 2024 to 2034

Catalyst Regeneration Market

Catalyst Regeneration Market Size, Share, Forecast Analysis, By Technology (Off-site Regeneration, On-site Regeneration), By Application (Refineries, Chemicals & Petrochemicals, Power & Energy, Environmental), & Region- Global Market Insights 2022 to 2032

Catalyst Carriers Market

Catalyst Carriers Market Analysis, By Type (Ceramic, Activated Carbon, Zeolite), By Form (Sphere, Extrudate, Powder, Granulated, Honeycomb), By Surface Area (Low (0-10 m2/g), Intermediate (10 - 120 m2/g), High (>120 m2/g)), By Pore Volume, By End-use Industry - Market Insights 2022 to 2032

Industrial Catalyst Market

Industrial Catalyst Market on Type (Heterogeneous and Homogeneous), Material Type (Metal, Chemical, Zeolite and Organometallic Materials), By Region - Global Market Report (2024 to 2034)

Syngas Catalyst Market

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