Preference for Ceramic Catalyst Carriers Growing: New Study

Furthermore, according to a recent study by Department of Energy, petrochemical industries contributes nearly $600 billion to the U.S. economy and supporting over 1.4 million direct and indirect petrochemical manufacturers. As such demand from petrochemical acquires momentum, market penetration for catalyst carrier is bound to rise in the upcoming years. Furthermore, according to a recent study by Department of Energy, petrochemical industries contributes nearly$600 billionto the U.S...

Furthermore, according to a recent study by Department of Energy, petrochemical industries contributes nearly $600 billion to the U.S. economy and supporting over 1.4 million direct and indirect petrochemical manufacturers. As such demand from petrochemical acquires momentum, market penetration for catalyst carrier is bound to rise in the upcoming years.

"Expansion strategies and research & development activities to ensure the sales for catalyst carriers from the end-user industries such as oil and gas, agrochemicals and automotive," says a Fact.MR analyst. 

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Key Takeaways

Competitive Landscape

According to Fact.MR's report, the catalyst carrier market is outlined by the following key players: Almatis Inc., Evonik Industries, BASF SE, Cabot Corporation, Magma Ceramics & Catalysts, Noritake Co. Limited, CeramTec, CoorsTek, SASOL, and W.R. Grace. The market is slightly fragmented, leading to rising competition between the key players. Therefore, various strategies for expansion are being adopted by the aforementioned players.

For instance, in February 2021, Evonik industries invested in digital platform for chemicals to strengthen its e-commerce activities and online interactions. The particular investment supports development of independent marketing platform for the chemical industry. Evonik is also enhancing Chembid's offerings by making its digital laboratory assistant COATINO ®, available on the platform.

Also, in March 2021, BASF SE announced it collaboration with Sumitomo (SHI) Demag for developing new manufacturing high performance polymers. Both the companies have developed an innovative manufacturing cell to produce a wide range of different test specimens for the product development and research activities.  

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More Valuable Insights on Catalyst Carrier Market

Fact.MR, in its new offering, presents a detailed analysis of the global catalyst carrier market. The study divulges essential insights on the catalyst carrier market on the basis of type (ceramics, activated carbon, zeolite, and others), form (sphere, extrudate, powder, honeycomb, and others), surface area (low, intermediate and high), pore volume (0-0.3 cm3/g, 0.3-0.7 cm3/g, >0.7 cm3/g), end-use industry (chemicals, petrochemicals, oil & gas, automotive, pharmaceuticals, agrochemicals and others), and region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

Key Questions Covered in the Report

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