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Catalyst Carriers Market Trends

Report ID: GMI8146
Published Date: Feb 2024
Report Format: PDF

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Catalyst Carriers Market Trends

The catalyst carriers industry is witnessing several prominent trends that shape its trajectory. One key trend involves a growing focus on sustainable and eco-friendly catalyst carrier materials, driven by increased environmental awareness. The rise of advanced catalyst technologies, particularly in the field of heterogeneous catalysis, is driving innovation and expanding the application areas of catalyst carriers. Additionally, there is a notable surge in demand for catalyst carriers in the energy storage sector, aligning with the global shift towards renewable energy sources. The market is also experiencing increased collaboration between manufacturers and research institutions to develop tailor-made carrier materials for specific catalytic applications.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for catalyst carriers was worth around USD 355 million in 2023 and is anticipated to expand at 4.8% CAGR between 2024 and 2032 driven by the surging demand for cleaner energy sources and the need for efficient chemical manufacturing processes.

Catalyst carriers industry from the ceramics segment generated USD 160 million in 2023 and is estimated to witness high demand through 2032 owing to its high surface area, thermal stability, and mechanical strength of ceramic materials which makes them well-suited for catalyst support applications.

North America industry for catalyst carriers was worth USD 123 million in 2023 and is set to exhibit considerable growth between 2024 and 2032 owing to the robust presence of key industries such as oil and gas, chemical manufacturing, and automotive, coupled with the increasing emphasis on sustainable practices.

Some of the leading firms engaged in the catalyst carriers are Corning Incorporated, Albemarle Corporation, Clariant AG, Axens, BASF SE, Evonik Industries AG, Johnson Matthey Plc, Mitsubishi Chemical Corporation, PQ Corporation, Saint-Gobain S.A., and Süd-Chemie AG