|Catalyst Carrier Market 2022 Business Strategies, Growth Factors And Demand Forecast 2030|
The global catalyst carrier market size is expected to reach USD 798.9 million by 2030, expanding at a compound annual growth rate (CAGR) of 7.7% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by increased usage of petroleum and its derivatives along with the growing energy demand, especially in fast emerging economies.
Customized catalyst carriers may now be produced by product manufacturers, as a result of rising demand across end-use sectors. These catalysts are now readily accessible due to consumer demand and industry-specific needs. Moreover, catalyst carriers with additional qualities and chemical compositions are made available to end users based on demand to suit the particular requirements needed during catalytic reactions. These are available in a variety of material forms, including extrudate and powdered, among others.
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The increasing demand for gasoline around the world along with the limited supply of raw materials used in its production results in the emergence of the use of catalysts. This, in turn, eventually helps in the increasing demand for various types of products. Such factors are responsible for the overall growth of the product market.
With few exceptions, manufacturing companies relied on a small number of suppliers to meet their demand for raw materials, over the past ten years. Due to the invasion of Ukraine by Russia, as well as the COVID pandemic, and inflation; the procurement risk has increased, which is visible in recent years when there was a lull in trade due to these factors.
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Catalyst Carrier Market Segmentation
Grand View Research has segmented the global catalyst carrier market based on type, end-use, and region:
Catalyst Carrier Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
· Other Types
Catalyst Carrier End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
· Oil & Gas
· Chemical Manufacturing
· Other End Use
List of Key Players in the Catalyst Carrier Market
· Cabot Corporation
· Saint Gobain Group
· NORITAKE CO., LIMITED
· CeramTec GmbH
· Almatis B.V.
· CoorsTek, Inc.
· Sasol Limited
· Petrogas International
· Calgon Carbon Corporation
· JGC C&C
· Devson Catalyst
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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