Catalyst Carrier Market Size (2024 - 2029)

The catalyst carrier market is anticipated to experience significant growth, driven by increasing demand in the ceramic catalyst sector and rising consumption of petroleum derivatives. Despite challenges such as high manufacturing costs due to rare-earth metals and the impact of the COVID-19 pandemic, the market is poised for expansion. Innovations in catalyst carrier development and the creation of cost-effective alternatives present opportunities for market growth. The Asia-Pacific region is expected to lead in market expansion, with substantial consumption in countries like China and India.

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Market Size of Catalyst Carrier Industry

catalyst carriers market size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

catalyst carriers market major companies

*Disclaimer: Major Players sorted in no particular order

Catalyst Carrier Market Analysis

The market for catalyst carrier is expected to register a CAGR more than 5% globally during the forecast period. Catalyst carrier is a porous material used in the chemicals and petrochemical industries for refining or treating gases and liquid into intermediate. Solid catalysts used in the form of granules or fine particles are dispersed on a substrate that is a carrier. It exhibits excellent inorganic binding properties, and it is inert in most chemical systems and stable at normal reaction temperatures. The increasing demand from the ceramic catalyst and growing consumption of petroleum derivatives have been driving the market growth.

  • However, the high manufacturing cost of catalyst carriers due to the use of rare-earth metals and unfavorable conditions arising due to the COVID-19 outbreak across the world are likely to hinder the growth of the studied market.
  • The research and development operation going onto develop innovative catalyst carriers to increase the mechanism of action and development of cost-effective catalysts are likely to provide opportunities for the catalyst carrier market over the next five years.
  • Asia-Pacific to be the fastest growing market across the world, with the largest consumption from countries, such as China and India.

Catalyst Carrier Industry Segmentation

The catalyst carrier market report includes:

Product Type
Ceramics
Activated Carbon
Zeolites
Other Product Types
Material Type
Alumina
Titania
Zirconia
Silica
Other Material Types
Shape
Sphere
Ring
Honeycomb
Other Shapes
End-user Industry
Oil and Gas
Chemical Manufacturing
Automotive
Pharmaceuticals
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Catalyst Carrier Market Size Summary

The catalyst carrier market is poised for significant growth, driven by its essential role in the chemicals and petrochemical industries, particularly in refining and treating gases and liquids. These porous materials, which serve as substrates for solid catalysts, are valued for their excellent inorganic binding properties and stability under normal reaction conditions. The market's expansion is largely fueled by increasing demand from the ceramic catalyst sector and the rising consumption of petroleum derivatives. However, challenges such as high manufacturing costs due to the use of rare-earth metals and the lingering impacts of the COVID-19 pandemic may impede growth. Despite these hurdles, ongoing research and development aimed at creating innovative and cost-effective catalyst carriers presents promising opportunities for market advancement over the coming years. The Asia-Pacific region is expected to be the fastest-growing market, with significant consumption anticipated from China and India.

The oil and gas industry remains the dominant segment driving the catalyst carrier market, with substantial demand stemming from petroleum refining processes like catalytic reforming and cracking. These processes are crucial for converting low octane naphtha into higher octane products, essential for gasoline blending and aromatic production. North America is projected to lead the market, bolstered by its established oil and gas industry, particularly in the United States, which has seen a surge in production due to shale gas exploration. Although the industry faced a slowdown due to COVID-19, a swift recovery is expected. The chemical sector in the region is also anticipated to grow, attracting foreign investment and further stimulating demand for catalyst carriers. The market is characterized by partial consolidation, with major players such as Saint-Gobain, Cabot Corporation, W. R. Grace & Co.-Conn., CeramTec, and Noritake Co. Limited holding significant market shares.

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Catalyst Carrier Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Ceramic Catalyst

      2. 1.1.2 Growing Consumption of Petroleum Derivatives

    2. 1.2 Restraints

      1. 1.2.1 High Overall Cost of Manufacturing

      2. 1.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Ceramics

      2. 2.1.2 Activated Carbon

      3. 2.1.3 Zeolites

      4. 2.1.4 Other Product Types

    2. 2.2 Material Type

      1. 2.2.1 Alumina

      2. 2.2.2 Titania

      3. 2.2.3 Zirconia

      4. 2.2.4 Silica

      5. 2.2.5 Other Material Types

    3. 2.3 Shape

      1. 2.3.1 Sphere

      2. 2.3.2 Ring

      3. 2.3.3 Honeycomb

      4. 2.3.4 Other Shapes

    4. 2.4 End-user Industry

      1. 2.4.1 Oil and Gas

      2. 2.4.2 Chemical Manufacturing

      3. 2.4.3 Automotive

      4. 2.4.4 Pharmaceuticals

      5. 2.4.5 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

Catalyst Carrier Market Size FAQs

The Catalyst Carrier Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Saint-Gobain , Cabot Corporation, W. R. Grace & Co.-Conn., CeramTec and NORITAKE CO., LIMITED are the major companies operating in the Catalyst Carrier Market.

Catalyst Carrier Market Report Snapshots

Catalyst Carrier Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)