Supported Catalyst Market is
expected to display higher growth rate over the next five years. Rapid surge in
the supported catalyst market is credited to growing demand from chemical and
oil & gas industry. Supported catalyst is created via accumulation of the
active metal on the surface supporting materials. Supported catalysts are
typically used to carry out an optimal dispersion of the catalytically active
component. Supported catalysts also stabilizes active material from sintering.
Globally, market is predicted to generate massive revenue
over next five years, providing numerous opportunities for market players to
invest for research and development in the supported catalyst market.
Supported catalysts are manufactured in two key steps,
involving accumulation of the precursor of active component on the surface of
support and transforming deposited precursors to catalytically active site.
Deposition or accumulation is carried out by combining aqueous solutions and
solid-liquid interface. Deposition process is performed through gas phase,
which involves gas-solid interface. Common methods used for deposition process
include impregnation and ion exchange.
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Supported catalysts are gaining widespread popularity for
catalytic reforming process in the downstream oil & gas industry, thereby
offering lucrative growth opportunities for market player in the past few
years. Use of supported catalyst in catalytic reforming processes is projected
to improve overall yield of light cut oils such as gasoline, high-speed diesel,
and superior kerosene oil. In addition, increasing investment for the
production of petroleum derivatives via syngas is expected to drive market
demand for support catalysts in the near future.
Furthermore, increasing number of stringent laws &
regulatory reforms by regional & international authorities such as National
Ambient Air Quality Standards (NAAQS) is predicted to fuel the use of catalysts
as an environmental protection material.
The market is broadly categorized into four major segments
based on the application type such as petroleum refining sector, environmental
sector, chemical synthesis and polymer manufacturing sector. The
petroleum-refining segment is growing rapidly in the supported catalyst
industry with substantial revenue generation in the last few years. Growing
popularity of supported catalyst in the petroleum-refining segment is
attributed to the rising preference from large-scale manufactures.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
oil & gas industry, higher approval rate from regional government
authorities, surge in number of research & development activities and
existence of well-established industrial infrastructure in the region.
Asia-Pacific region is estimated to hold major share with
the massive growth in forecast period. Countries such as India, China and
Singapore are leading the Asia-Pacific market with strong economic growth,
rising manufacturing activities, favorable government laws & regulation
regarding use of support catalyst and significant investment by leading
industry players considering potential growth opportunities in the region.
The key players in the supported catalyst market are BASF
SE, Johnson Matthey LLC, W.R. Grace and Company, Albemarle Corp., Evonik
Industries AG, and E. I. du Pont de Nemours and Company.
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Market Segment:
The latest industry
data included in the reports:
• Overall supported catalyst market size, 2011-2022
• Supported catalyst market size by product segment,
2011-2022
• Growth rates of the overall supported catalyst market and
different product segments, 2011-2022
• Shares of different product segments of the overall
supported catalyst market, 2011, 2017 and 2022
The market data is
given for the following product segments:
• Nickel based supported catalysts
• Precious metal based supported catalysts
• Other supported catalysts
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