Global Methanation Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Methanation Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Methanation is a conversion of carbon dioxide to methane through hydrogenation. The reaction is further catalyzed using nickel catalysts. The reaction is strongly exothermic and quickly approaches equilibrium. The prime uses of methanation are to purify synthesis gas and to manufacture methane. Synthesis gas removal is elimination of carbon oxide gases from the environment and reducing the pollution. The use of methane is primarily to produce heat and light. It is a colorless, odorless, flammable gas. Methanation leads to the production of Synthetic Natural Gas (SNG) and can be used instead of natural gas. Synthetic Natural Gas is produced from coal and biomass. This manufactured product is mostly similar to the natural gas. Most of the industries use fixed bed reactors which are used to produce ammonia from the methanation process. The choice of reactor depends on the size of reactor and setup and operating cost.

Market Overview:

The latest research study on the global Methanation Catalyst market finds that the global Methanation Catalyst market reached a value of USD 298.65 million in 2022. It’s expected that the market will achieve USD 350.28 million by 2028, exhibiting a CAGR of 2.69% during the forecast period.

Market Opportunities

The global methanation catalyst market is expected to grow during the forecast period, from 2022 to 2027. The growth of this market is attributed to the increasing demand for natural gas and its derivatives in various industries such as petrochemicals, power generation, and transportation. Methane is an important component in the production of synthetic natural gas (SNG) which has been used as a substitute for coal-based electricity generation. The use of SNG has increased due to its low cost and high efficiency when compared with coal-based electricity generation. Among different forms of fossil fuels, natural gas that consists primarily of methane is ideal, owing to its ready availability, high energy density and conversion efficiency, and smoke- and slag-free composition. Additionally, natural gas can be trans-ported efficiently at low cost using the existing natural gas pipelines and wide distribution network.

In recent years, due to the rise of the natural gas price, the wish for less dependency on natural gas import, and replacement of oil products, synthetic or substitute natural gas (SNG) production from renewable biomass, coke oven gas (COG) or syngas from coal or wood is attracting increasing attention in some countries. Meanwhile, the actively investigated hydrogen production by photocatalytic electrocatalytic water splitting powered by renewable energies (e.g., solar or wind) is regarded as a future source of hydrogen for carbon dioxide hydrogenation. Hence, the SNG production via the carbon dioxide methanation process can not only produce fuels and chemicals but also reduce carbon dioxide emission significantly to the atmosphere. The key component of the methanation process is the catalyst design. Methanation of coal- or biomass-derived carbon oxides for production of synthetic natural gas (SNG) is gaining considerable interest due to energy issues and the opportunity of reducing greenhouse gases by carbon dioxide conversion. The key component of the methanation process is the catalyst design. Furthermore, over the past few years, great efforts have been made both in methanation catalysts development and reaction mechanism investigation, all these factors bring great opportunities to the development of global methanation catalyst industry.

The growing demand in different industry sectors such as automotive, oil & gas, electrical and others has created a huge demand for the methanation catalyst market globally. Moreover, the increase in polymers manufacturing process is expected to drive the market. Further, the regulations and laws supporting the manufacturing and utilization of catalyst is anticipated to boost the global methanation catalyst market in future years. The benefits of using methanation catalyst such as lower the level of emission of carbon oxides and reduce pollution has influenced the demand across different industry sectors owing to grow the market. These advancements and benefits associated with the use of methanation catalyst has projected its demand in the market.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Johnson Matthey, Haldor Topsoe, BASF with the revenue market share of 30.24%, 28.44%, 7.77% in 2021.

Johnson Matthey traces its origins to 1817, when Percival Norton Johnson set up business as a gold assayer in London. Johnson Matthey Plc produces catalysts, precious metals and specialty chemicals. It operates through three global divisions: Environmental Technologies, Precious Metal Products and Fine Chemicals.

Haldor Topsoe is a Danish company founded in 1940 by Haldor Topsøe. Haldor Topsoe specialises in carbon reduction technologies. This include proprietary Solid oxide electrolyzer cell (SOEC) high-temperature electrolysis technology, the production of heterogeneous catalysts and the design of process plants based on catalytic processes. Focus areas include hard-to-abate sectors such as heavy industry (steel and iron, chemicals, cement), long-haul transportation (aviation, shipping, trucking) and clean fuels.

Segmentation Overview:

Among different product types, Aluminum Oxide Carrier segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Synthetic Natural Gas (SNG) segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Methanation Catalyst market covered in Chapter 3:

Clariant
Sichuan Shutai
JGC C&C
Jiangxi Huihua
INS Pulawy
BASF
CAS KERRY
Haldor Topsoe
Niap
C&CS
Unicat Catalyst Technologies
Haohua (Chengdu) Technology
Dalian Catalytic Engineering Technology
Hubei Huihuang Science & Technology
Johnson Matthey

In Chapter 4 and Chapter 14.2, on the basis of types, the Methanation Catalyst market from 2018 to 2029 is primarily split into:

Aluminum Oxide Carrier
Composite Carrier and

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Methanation Catalyst market from 2018 to 2029 covers:

Synthetic Natural Gas (SNG)
Synthesis Gas Purification
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)