The Global Catalyst Carriers Market is estimated to be 116.0 kilotons in 2017 and is projected to reach 151.8 kilotons by 2023, at a CAGR of 4.6%. between 2018 and 2023. In this study, 2017 has been considered as the base year and 2023 as the forecast year to estimate the market size of catalyst carriers.
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Oil & gas is estimated to be the largest end-use industry segment of the catalyst carriers market in 2018. Catalyst carriers are used to enhance the mechanical strength and efficiency of a catalyst. The use of catalyst carriers in various catalytic reactions in the production of petrochemicals is expected to drive their consumption in the oil & gas end-use industry.
https://www.bloomberg.com/press-releases/2018-07-20/catalyst-carriers-market-worth-151-8-kilotons-by-2023
North America is estimated to be the largest catalyst carriers market in 2018. The rise in shale gas exploration and tight oil production in the US is expected to increase refining procedures which will drive the demand for catalyst carriers in the region. The presence of major refinery catalysts manufacturers such as Albermarle (US) and W.R. Grace & Co. (US) in the region is also expected to increase the consumption of catalyst carriers.
Major manufacturers dominated in global market such as CeramTec GmbH (Germany), Saint-Gobain (France), W. R. Grace & Co. (US), CoorsTek Inc. (US), Cabot Corporation (US), Almatis GmbH (Germany), Sasol Ltd. (South Africa), Evonik Industries AG (Germany), NORITAKE CO., LIMITED (Japan), and Magma Ceramics & Catalysts (UK).
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