Supported Catalyst Market Major Growth Driving Factors and Development Analysis

The global 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.

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.

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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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