Aluminum Nickel Catalysts Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 417.94 Million |
| Market Size (2029) | USD 513.65 Million |
| CAGR (2024 - 2029) | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aluminum Nickel Catalysts Market Analysis
The Aluminum Nickel Catalysts Market size is estimated at USD 417.94 million in 2024, and is expected to reach USD 513.65 million by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
The COVID-19 pandemic resulted in a decline in demand for aluminum nickel catalysts, as many industries that use these catalysts, such as refinery and petrochemical industries, were forced to reduce or suspend operations. However, post-COVID, the market is recovering and is expected to grow in the forecast period.
- The major factor driving the growth of the market studied is the augmenting demand for hydrogenation reactions, as it is used to produce a wide range of products, including chemicals, pharmaceuticals, and food ingredients.
- On the flip side, there are a number of alternative catalysts that can be used for the same applications as aluminum nickel catalysts. For instance, cobalt catalysts and palladium catalysts are both effective for hydrogenation reactions.
- Booming natural gas production to provide future opportunities for hydrodesulfurization is likely to provide a major growth opportunity for the market studied during the forecast period.
- Asia-Pacific is dominating the market as there is rapid growth in the chemical industry driven by factors such as increasing urbanization, rising disposable incomes, and growing demand for consumer goods.
Aluminum Nickel Catalysts Market Trends
Soaring Demand From Hydrogenation Applications
- Aluminum nickel catalyst (Raney nickel catalyst) is mostly composed of nickel derived from nickel and aluminum alloy in the presence of concentrated sodium hydroxide (NaOH).
- Raney nickel is a heterogeneous hydrogenation catalyst. It promotes the reaction of hydrogen with organic compounds (compounds that contain carbon) and, like all catalysts, is not consumed in the process.
- In the petroleum industry, hydrogenation is used in a process called hydrocracking. It breaks heavy crude’s long hydrogen carbon chains into lighter petroleum products, such as diesel, gasoline, and jet fuel.
- Additionally, aluminum nickel catalysts are also used in a wide range of other hydrogenation applications, including nitro compounds, amines, carbonyls, nitriles, alcohols,amines, olefins, acetylenes, and saturates. Also, they are widely used in reductive amination, reductive alkylation, , and ammonolysis of alcohol.
- The final use of these hydrogenation reactions is mostly found in food processing, petrochemical, and petroleum industries.
- As per the Organization of the Petroleum Exporting Countries Report 2022, the global demand for crude oil (including biofuels) in 2022 amounted to 99.57 million barrels per day. It is an increase of 2.5% from the previous year, and it is forecasted to increase to 101.89 million barrels per day in 2023, driving the aluminum nickel catalyst market as it is used in hydrogenation reactions.
- The production volume of petroleum products across India amounted to over 254.3 million metric tons at the end of fiscal year 2022. It was an increase from some 233.5 million metric tons reported in the previous fiscal year, with a direct impact on the aluminum nickel catalyst market as it is used in hydrogenation reactions as the catalyst in the petroleum industry.
- Emirates Global Aluminum is the largest aluminum producer in the Middle East and contributes nearly 4% of all global aluminum. The UAE was the source of 9% of US aluminum imports in 2022.
- In 2022, as per the US Geological Survey, China, followed by India, Russia, Canada, and UAE, accounts for most of the global aluminum products. It is expected to drive the aluminum nickel catalyst market.
- Such industrial applications of hydrogenation are expected to drive the market for aluminum nickel catalysts during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific region dominated the market with a share of almost 30% with China and India being the major consumers of the market.
- For instance, most of the caprolactam is synthesized from cyclohexanone, which utilizes catalysts like Aluminum-Nickel. Caprolactam production in China is on the rise due to increased demand from Nylon-6 production.
- Aluminum-nickel catalysts are used in the production of sorbitol. China is the major producer of sorbitol in the world and accounts for around 40-45% of the global production capacity.
- As per the US Geological Survey, China is the world’s leading producer and is responsible for more than half of global aluminum output in 2022 at 40 million MT. The country also consumed a considerable amount of the metal. China experienced consistent growth in primary annual aluminum production over the past decade. China's aluminum production increased to a record high in 2022.
- India is another aluminum-producing country whose output grew consistently in recent years. In 2022, India increased its aluminum production again, although marginally, to 4 million MT, boosting the aluminum nickel catalyst market.
- NSE: VEDL (Vedanta), India’s largest aluminum-producing company, believes the country will see its aluminum output reach 5 million MT by 2026 or 2027. It will come with a positive impact on the aluminum nickel catalyst market.
- All these factors are expected to increase the demand for the Aluminum-Nickel catalysts market during the forecast period.
Aluminum Nickel Catalysts Industry Overview
The global aluminum nickel catalysts market is partially consolidated in nature. The major players (not in any particular order) include BASF SE, Clariant, W. R. Grace & Co, Johnson Matthey, and Haldor Topsoe AS, among others.
Aluminum Nickel Catalysts Market Leaders
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BASF SE
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Clariant
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Haldor Topsoe A/S
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Johnson Matthey
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W. R. Grace & Co.-Conn.
*Disclaimer: Major Players sorted in no particular order
Aluminum Nickel Catalysts Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
Aluminum Nickel Catalysts Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Report
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Augmenting Demand for Hydrogenation Reactions
- 4.1.2 Growing Demand for Renewable Fuels and Chemicals
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Availability of Alternative Catalysts
- 4.2.2 Low Stability and Safety Issues
- 4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Raw Material Analysis
- 4.6 Patent Analysis
- 4.7 Catalyst Replacement Rate/Catalyst Average Life Span
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Type
- 5.1.1 Activated
- 5.1.2 Non-Activated
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5.2 Industry Vertical
- 5.2.1 Refinery Industry
- 5.2.2 Chemical Industry
- 5.2.3 Others(Polymer, Renewables, and Pharmaceuticals)
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5.3 Application
- 5.3.1 Hydrogenation
- 5.3.2 Desulfurization
- 5.3.3 Dehydrogenation
- 5.3.4 Others(Refinery and Chemical)
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 France
- 5.4.3.3 Italy
- 5.4.3.4 Spain
- 5.4.3.5 Russia
- 5.4.3.6 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Alfa Aesar, Thermo Fisher Scientific
- 6.4.2 Axens
- 6.4.3 BASF SE
- 6.4.4 Clariant
- 6.4.5 Evonik Industries AG
- 6.4.6 Haldor Topsoe AS
- 6.4.7 Hangzhou JiaLi Metals Sci&Tech Limited Corporation
- 6.4.8 Johnson Matthey
- 6.4.9 Merck KGaA
- 6.4.10 Vineeth Precious Catalysts Pvt Ltd
- 6.4.11 W. R. Grace & Co
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Booming Natural Gas Production to Provide Future Opportunities for Hydrodesulfurization
- 7.2 Other Opportunities
Aluminum Nickel Catalysts Industry Segmentation
The aluminum nickel catalyst market is mainly utilized in the hydrogenation of various functional groups, including nitro, azide, carbon-carbon double bond, nitrile, and oxime groups. This catalyst is also applied in hydrogenation reactions involving very high pressure and temperature.
The aluminum nickel catalyst market report is segmented by type, industry vertical, application, and geography. By type, the market is segmented into activated and non-activated. By industry vertical, the market is segmented into the refinery industry, chemical industry, and others (polymer, renewables, and pharmaceuticals). By application, the market is segmented into hydrogenation, desulfurization, dehydrogenation, and others (refinery and chemical). The report also covers the market size and forecasts for the aluminum nickel catalyst market in 15 countries across major regions. For each segment, the market sizing and forecasts are done on the basis of value (USD).
| Type | Activated | |
| Non-Activated | ||
| Industry Vertical | Refinery Industry | |
| Chemical Industry | ||
| Others(Polymer, Renewables, and Pharmaceuticals) | ||
| Application | Hydrogenation | |
| Desulfurization | ||
| Dehydrogenation | ||
| Others(Refinery and Chemical) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Aluminum Nickel Catalysts Market Research Faqs
How big is the Aluminum Nickel Catalysts Market?
The Aluminum Nickel Catalysts Market size is expected to reach USD 417.94 million in 2024 and grow at a CAGR of greater than 4% to reach USD 513.65 million by 2029.
What is the current Aluminum Nickel Catalysts Market size?
In 2024, the Aluminum Nickel Catalysts Market size is expected to reach USD 417.94 million.
Who are the key players in Aluminum Nickel Catalysts Market?
BASF SE, Clariant, Haldor Topsoe A/S, Johnson Matthey and W. R. Grace & Co.-Conn. are the major companies operating in the Aluminum Nickel Catalysts Market.
Which is the fastest growing region in Aluminum Nickel Catalysts Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aluminum Nickel Catalysts Market?
In 2024, the Asia Pacific accounts for the largest market share in Aluminum Nickel Catalysts Market.
What years does this Aluminum Nickel Catalysts Market cover, and what was the market size in 2023?
In 2023, the Aluminum Nickel Catalysts Market size was estimated at USD 401.22 million. The report covers the Aluminum Nickel Catalysts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aluminum Nickel Catalysts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aluminum Nickel Catalysts Industry Report
Statistics for the 2024 Nickel Hydroxide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nickel Hydroxide analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
