Catalyst Carrier Market Trends: the global Catalyst Carrier market size is projected to grow from USD 5.86 billion in 2024 to USD 7.19 billion by 2030

According to the new market research report "Catalyst Carrier- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Catalyst Carrier market size is projected to grow from USD 5.86 billion in 2024 to USD 7.19 billion by 2030, at a CAGR of 3.47% during the forecast period (2024-2030).

• Global Catalyst Carrier Market Size (US$ Million), 2019-2030

Source: QYResearch, "Catalyst Carrier- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Catalyst Carrier Top 17Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Catalyst Carrier- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

This report profiles key players of Catalyst Carrier such as NGK Insulators, Ltd., Corning Incorporated, Shandong Sinocera Functional Material Co., Ltd., Saint-Gobain NorPro Corporation, Calgon Carbon Corporation, Shandong Aofu Environmental Technology Co., Ltd, JiangSu Province YiXing Nonmetallic Chemical Machinery Factory Co., Ltd., CoorsTek, Inc., Noritake Co., Limited, NIPPON STEEL Chemical & Material Co., Ltd., CeramTec TopCo GmbH, BASF SE, Kailong Lanfeng New Material Technology Co., Ltd., Sasol Limited, Axens Group, Exacer Srl, Evonik Industries AG, etc.

In 2023, the global top five Catalyst Carrier players account for 57.24% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Catalyst Carrier.

Market Drivers:

Continuous advancements in catalyst carrier technology, such as increased surface area, porosity, and stability, have enhanced the performance of catalysts. These technological advances have enabled catalyst carriers to be used in a wider range of fields, driving the market.

The increase in the use of petroleum derivatives worldwide, especially in the petrochemical sector, has led to a continued rise in demand for catalyst carriers. Catalyst carriers play a key role in petroleum refining and processing operations, so the growth in energy demand is an important driving factor for the growth of the catalyst carrier market.

There are many competing companies in the catalyst carrier market worldwide. These companies continuously improve product quality and reduce costs to meet customer needs through technological innovation, product upgrades and market expansion. At the same time, market competition has also promoted technological progress and industrial upgrading in the industry.

As global awareness of environmental protection increases, environmental regulations are becoming increasingly stringent. This requires petroleum and chemical companies to adopt more environmentally friendly and efficient catalysts to reduce pollutant emissions. Therefore, the demand for high-performance catalyst carriers has increased, becoming an important driving force for market growth.

Restraint:

With the deepening of energy conservation and environmental protection concepts and the support of national policies, new energy vehicles have developed rapidly in recent years. From the perspective of the current overall automobile market, new energy vehicles still account for a relatively low proportion. If new energy vehicles achieve major technological breakthroughs and replace internal combustion engine vehicles on a large scale, it will have a significant impact on the market size of internal combustion engine exhaust after-treatment catalyst carriers, thereby affecting the company's profitability.

There are many competing companies in the catalyst carrier market, and the market competition is fierce. For many years, the global honeycomb ceramic carrier industry has been monopolized by Corning of the United States and NGK of Japan. In order to stand out in the market, companies need to continuously innovate and improve products, improve product quality and performance, reduce production costs, and provide better customer service.

As environmental regulations become increasingly stringent and complex, the catalyst carrier industry needs to constantly adapt to new standards and requirements. This may include developing more environmentally friendly catalyst carriers, improving the energy efficiency of catalyst carriers, and reducing pollution emissions during the production process.

Continuous innovation in the catalyst carrier market requires significant R&D investment. However, R&D investment is often accompanied by high risks and uncertainties, which may limit some companies' investment in this field.

The production cost of catalyst supports is high, which may limit their application in some areas. Especially in cost-sensitive industries, reducing the cost of catalyst supports is a challenge for market development.

Honeycomb ceramic technology research and development is difficult because it involves multiple disciplines, is difficult to imitate through reverse engineering, has talent shortages, and has rapid technology upgrades. First of all, the technical research and development of honeycomb ceramic carriers is characterized by multidisciplinary intersections, and requires R&D personnel to have a deep understanding of the knowledge of related disciplines. Secondly, this technology is difficult to imitate through reverse engineering. On the one hand, Corning and NGK have established extremely high technical barriers by virtue of their first-mover advantage in the field of honeycomb ceramic carriers; on the other hand, cordierite honeycomb ceramic carriers need to generate cordierite at high temperatures. The crystal orientation of cordierite material is a key factor affecting the thermal expansion coefficient of the carrier. The material itself is generally difficult to imitate through reverse engineering, and can only rely on independent research and development. From raw material formula to firing process, R&D personnel must start from scratch for each link of technical research and development.

In the manufacturing process of honeycomb ceramic carriers, there are many and complex influencing factors, complicated processes and non-standard manufacturing equipment. It is difficult to mass-produce products with qualified and stable performance that meet customer standards.

First of all, the core indicators of honeycomb ceramic carriers are wall thickness and thermal expansion coefficient. In the manufacturing process, there are special requirements for the selection and proportion of main and auxiliary materials, mixing process, mold process, extrusion process, drying process, firing process, temperature field control, and subsequent processing. The factors in each link affect each other and are difficult to control. Secondly, the production process of honeycomb ceramics is precise and complex. The complicated production process links put forward higher requirements on the ability to control product quality consistency. If any process link fails to meet the technical requirements, it may cause quality defects in the final product. In addition, honeycomb ceramic carriers have high requirements for production equipment. There is a lack of applicable general-purpose production equipment on the market. Generally, honeycomb ceramic carrier companies need to customize or transform general-purpose equipment, which puts higher requirements on honeycomb ceramic carrier companies.

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