Global Catalyst Carriers Market - 2023-2030

Global Catalyst Carriers Market - 2023-2030

Market Overview

The Global Catalyst Carriers Market is expected to grow at a high CAGR of 5.73% during the forecasting period (2023-2030).

A neutral substance, such as activated carbon, diatomaceous earth or alumina, supports a catalyst. To refine liquids and gases into intermediate and end-use products, the chemicals and petrochemical industries use porous substrate materials known as catalyst carriers. Around the world, refineries transform naturally occurring liquids, gases and intermediates into useful products like fuel, chemicals, oils and lubricants. With the aid of a catalyst, hydrocarbons are cracked during the refining process at high pressures and temperatures. It is structured from materials like zeolites, ceramics and activated carbon and comes in various shapes, sizes and forms, including rings, spheres, extrudates and honeycombs. The materials have a high surface area because they are bonded to catalysts.

Market Dynamics

Solid catalysts are dispersed on a carrier substrate in the form of granules or tiny particles. It has excellent inorganic binding properties, is inert in most chemical systems and is stable at reaction temperatures that are considered normal. The rising demand for ceramic catalysts has fueled the market's growth. The demand for catalyst carriers is rising in various end-use verticals due to their superior properties, including higher stiffness, lower thermal expansion, lighter weight, increased corrosion resistance and higher electrical resistance. One of the strongest factors behind expanding the global catalyst carriers market is the steadily rising demand for energy in developed and developing regions and economies.

Additionally, the market for catalyst carriers is likely to benefit from research and development projects to develop novel catalyst carriers to improve the mechanism of action and affordable catalysts.

Growing consumption of petroleum and its derivatives drives the demand for catalyst carriers in the global market

The growing consumption of petroleum derivatives is driving up demand on a global scale. Due to the rapidly increasing global demand for gasoline and diesel, the need for raw materials for their production has increased. Catalysts play a crucial role in the chemical and refinery industries. In refineries around the world, natural gases, liquids and intermediates are converted into useful products like chemicals, fuels, lubricants and oil. Emerging markets are driving market expansion. The construction of new facilities and the export of products made from CNG and LPG will be the main drivers of supply during the forecast period. When the catalyst's mechanical strength is crucial, these carriers are used. Increased consumption of petroleum products and their derivatives generates an excellent demand for catalyst carriers. Furthermore, these factors are expected to increase the demand for catalyst carriers.

The higher need for catalyst carriers across a variety of end-use applications drives the global catalyst carriers market

The chemical and pharmaceutical industries depend heavily on catalysts and their applications. They are used in various industries to provide effective reaction output, including petrochemical, agrochemical and synthesis processing. The demand for cracking and hydroprocessing catalysts and their support is growing in response to the rising demand for cleaner, heavier fuel and sour crudes. Since catalyst carriers and support materials offer high-geometric surface area, uniform flow distribution and uniform packing, the catalyst is used in tandem with them to improve performance. As a result, these factors drive the demand for catalyst carriers.

However, the strict laws and rules governing petroleum and chemical treatments limit market expansion. On the other hand, fluctuations in raw material prices also hamper market growth.

COVID-19 Impact Analysis

Due to the COVID-19 pandemic, domestic and international transportation has been restricted or shut down due to the measures taken by numerous governments. As a result, there have been variations in the global market for catalyst carriers' supply and demand. The market for carriers has decreased due to reduced capital resources and a potential global recession pushed on by the COVID-19 pandemic. The global market for catalyst carriers was constrained by the closure of chemical and oil & gas manufacturing facilities and the decline in demand for catalyst carriers resulting from these closures. Additionally, it was anticipated that the Use of catalyst carriers would increase in several end-use industries, including pharmaceuticals, oil and gas, chemical and agrochemical, once the lockdown was lifted and industries started working with their full operating capacities post-COVID-19.

Segment Analysis

The global catalyst carriers market is segmented based on type, material, surface area, shape, end-user and region.

Properties with better mechanical stability, chemically inert, drive the demand for ceramic type catalyst carriers

Heterogeneous catalysis depends heavily on ceramic catalyst carriers. They are mainly employed in extremely selective oxidation processes. In the chemical industry, bulk material catalysts are used in heterogeneous catalysis to change gaseous or liquid reactants. Owing to better chemical inertness, defined surfaces, homogenous bulk material and greater mechanical stability and strength, the demand for ceramics type carriers is growing, further boosting the global catalyst carriers market.

Geographical Analysis

The global catalyst carriers market is segmented based on type, material, surface area, shape, end-user and region.

Owing to higher manufacturing of oil & gas and other petrochemical products in the region drives up the sales of catalyst carriers in the North American market

Due to its well-established oil and gas industry, North America is anticipated to control the global market. Due to shale gas exploration in the region, U.S. has become a significant oil and gas producer in the last decade. U.S. is the region's top producer of oil and natural gas. Due to the sudden COVID-19 outbreak, the industry slowed down, but later it recovered at a decent pace.

On the other hand, Asia-Pacific presents a lucrative growth prospect for manufacturers as the consumption of petrochemical products has grown more over the past few years, so the rising energy demand from the industrial economies in the Asia-Pacific is also impacting the expansion of the global catalyst carrier market. Zeolites, activated carbon and ceramics, among other novel products, are some of those offered by manufacturers and market players active in the global catalyst carrier market.

Competitive Landscape

The products offered by the competitors in the global catalyst carriers market have top-notch mechanical strength and qualities. Manufacturers are making several strategic decisions in the global catalyst carriers market to develop innovative technologies and increase production rates to meet market demand. The primary focus areas include product launches, collaborations, strategic mergers and acquisitions. The key players in the market are BASF, Ceramtec GmbH, Cabot Corporation, Saint-Gobain, W.R. Grace & Co., CoorsTek, Almatis GmbH, Sasol Performance Chemicals, Evonik Industries AG and Noritake Co. Limited.

BASF SE

Overview: BASF SE is a chemical corporation based in Germany that manufactures chemicals for various sectors and is one of the world's largest publicly traded corporations, with over 700,000 investors. The company's product portfolio includes products from 13 product areas, including transportation, chemicals, construction, electronics & electricity, energy & resources, furniture & wood, home care and cleaning, agricultural and other industries. While BASF SE has 6 global locations and 241 additional industrial sites in over 90 countries, Ludwigshafen is home to more than 30 BASF SE Group entities. The BASF Group generated US$ 68,625 million in 2020 and employed 34,484 personnel.

Globally, BASF manufactures catalysts. Manufacturing catalysts is a core skill based on decades of practical experience. To fully meet the requirements of heterogeneous catalyst manufacturers, the company offers a wide variety of spherical porous carriers. Understanding the physical and chemical characteristics of the chosen carrier is essential for selecting the substrate. With special and highly regulated manufacturing techniques, BASF generates catalyst support spheres that serve as suitable carriers for various uses.

Product Portfolio
• Spherical Catalyst Carriers: To satisfy the most exacting customer requirements, the product portfolio offers silica- and alumina-based carrier product lines (Perlkat, SAS CSS). Its product contains superior physical integrity, controlled surface area, pore structure and uniform size.

Key Development
• On September 28, 2022, The innovative X3D technology, a new additive manufacturing method for catalysts based on 3D printing, was presented by BASF. It technology's catalysts have an open structure that lowers the pressure drop across the reactor and a large surface area that significantly boosts their efficiency. BASF is capable of providing in commercial quantities. BASF can use the technology on many current catalytic materials, including carrier materials and base or precious metal catalysts. The first catalysts made with the new technology are the sulfuric acid catalysts O4-111 X3D and O4-115 X3D from BASF, which are used in industrial plants.

Why Purchase the Report?
• To visualize the global catalyst carrier's market segmentation based on type, material, surface area, shape, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global catalyst carriers market by analyzing trends and co-development.
• Excel data sheet with numerous data points of catalyst carriers market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global catalyst carriers market report would provide approximately 77 tables, 89 figures and 230 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies