Catalyst Carrier Market Share, Size, Trends, Industry Analysis Report, By Type (Carbon-based, Oxides, Zirconia, and Others); By End Use; By Region; Segment Forecast, 2023 - 2032

Catalyst Carrier Market Share, Size, Trends, Industry Analysis Report, By Type (Carbon-based, Oxides, Zirconia, and Others); By End Use; By Region; Segment Forecast, 2023 - 2032

The global catalyst carrier market size is expected treach USD 904.30 million by 2032, according ta new study by Polaris Market Research. The report “Catalyst Carrier Market Share, Size, Trends, Industry Analysis Report, By Type (Carbon-based, Oxides, Zirconia, and Others); By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Several key players are investing in research and development activities for the development of on-going innovative and cost-effective catalyst carriers. This factor is projected tenhance the market growth in the coming years. Saint Gobain is the largest supplier of custom NoPrcatalyst carrier in the world. It delivers products with improved selectivity and extended life tthe material, petrochemicals, specialty, & fine chemical industry. This factor is expected toffer lucrative opportunities for the market.

For instance, an article published by the Economic Times in December 2021, Numaligarh Refinery Limited under a mega-integrated refinery expansion project has increased its refining capacity from 3 t9 MMTPA. This event is anticipated tincrease the product demand in oil refineries; thereby creating lucrative opportunities.

High demand for ceramic-based catalyst carriers has driven the overall market. In addition, government of both developed and developing economies have increased the speeding on pharmaceutical and petrochemical industry is alsacts as a one of the key factors for market growth. Furthermore, manufacturer can refine various mixture of petro-chemicals intpure chemical by using carbon based catalyst. Moreover, the high requirement of pure pharmaceutical-grade chemicals has enhanced the overall demand for catalyst carrier market during the forecast period.

The ceramic form of catalyst carrier-based product witnessed a huge jump in the demand from several parts of the world as it was widely used in autcomponents. The huge demand was driven by the chemical and mechanical properties of the catalyst carrier in the industry. This may act as one of the key drivers responsible for growth in the automobile industry. Catalyst carries are used extensively in the automotive exhaust gas emission process which provides additional benefits such as drastically reducing the vehicle weight, fuel efficiency & better handling. These factors increase the adoption of catalyst carriers in the vehicle industry.

Catalyst Carrier Market Report Highlights

Carbon-based type dominates the revenue over the forecast period owing tthe growing usage of carbon-based catalyst carrier in automotive and medical industry.

Oil & gas end use segment is expected thold the significant market share over the forecast period due tthe growing population coupled with a rise in the production rate of vehicles

Asia-Pacific is expected tgrow significantly over the projected period on account of tthe strong presence of top petro-chemical, manufacturing, & industrial sectors

The global players include Almatis B.V., C & CS, Cabot Corporation, Calgon Carbon Corporation, CeramTec GmbH, Clariant, CoorsTek, Devson Catalyst, JGC C&C, NORITAKE CO., LIMITED, Petrogas International, Porocel, Saint Gobain Group, Sasol Limited, and SINOCATA.

Polaris Market Research has segmented the catalyst carrier market report based on type, end use, and region:

Catalyst Carrier, Type Outlook (Revenue - USD Million, 2019 - 2032)

Carbon-based

Oxides

Zirconia

Catalyst Carrier, End Use Outlook (Revenue - USD Million, 2019 - 2032)

Oil & Gas

Chemical manufacturing

Automotive

Others

Catalyst Carrier, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa