Demand for Syngas Catalysts At A Steady CAGR of Around 5.6% Over 2031| Fact.MR

Posted on 2022-11-06 by Fact.MR in Chemicals // 0 Comments

According to the latest report published by Fact.MR, a market research and competitive intelligence provider, in the past half-decade, the syngas catalysts market expanded at a CAGR of around 4.4%, which can be attributed to rising demand for syngas in regions such as East Asia, South Asia & Oceania, and MEA.

Further, mounting production of ammonia synthesis of SNG and methanol synthesis of SNG is set to drive demand for syngas catalysts at a steady CAGR of around 5.6% over the projected forecast period of 2021 to 2031.

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Key Takeaways from Market Study

Reforming, under operation type, is projected to provide an absolute $ opportunity worth US$ 355 Mn through 2031.
Based on catalyst, demand for nickel-based catalysts is projected to increase at a high CAGR of around 5.8% over the forecast period.
On the basis of use case, consumption of catalysts for ammonia synthesis is anticipated to expand 1.7X by 2031.
East Asia is projected to capture around 43% of global syngas catalyst sales by 2031.
South Asia & Oceania to provide an absolute $ opportunity worth US$ 74 Mn by 2031-end.

“Market players should target high-growth regions with increasing absolute $ opportunity; this will enable them to target key industries with prominent demand for syngas catalysts,” says a Fact.MR analyst.

Winning Strategy

Market players positioned to expand regional footprint in high-growth market regions are opting for collaborations and joint ventures with local producers and manufacturers, and also establishing key partnerships with distributors to expand their market share.

Moreover, players are focusing on providing full-fledged packages, which include process technologies, catalysts, and operational assistance to target high-growth industries.

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Key Companies Profiled :

BASF
Casale
Clariant
Haldor Topsoe
Johnson Matthey
Unicat Technologies

Key Segments Covered in Syngas Catalysts Industry Research

By Operation
- Coal to SNG
- Reforming
- Steam Reforming
- Others
By Catalyst
- Nickel
- Nickel Oxide
- Others
By Use Case
- Hydrogen Synthesis
- Ammonia Synthesis
- Methanol Synthesis
- SNG Plants
- Biomass Gasification
- Coal Gasification
- Tar Removal
- Fuel Cell
- Gas to Liquids

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Questionnaire answered in the Syngas Catalysts Market report include:

How the market for Syngas Catalysts has grown?
What is the present and future outlook of the global Syngas Catalysts on the basis of region?
What are the challenges and opportunities for the Syngas Catalysts?
Why the consumption of Syngas Catalysts highest in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Syngas Catalysts market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Syngas Catalysts market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Syngas Catalysts market and assists to create strategies to overcome the obstacles that may hinder the growth of the Syngas Catalysts market.
Leverage: The Syngas Catalysts market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Syngas Catalysts market.

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