The Global Market for Catalyst Carriers 20182023 Expected to Grow at a CAGR of 46 ResearchAndMarketscom

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The Global Market for Catalyst Carriers (2018-2023): Expected to Grow at a CAGR of 4.6% - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "Catalyst Carriers Market by Product Type (Ceramics, Activated Carbon, Zeolites), Shape/Composition (Sphere, Porous, Ring, Extrudate, Honeycomb), End-use Industry (Oil & Gas, Chemical Manufacturing, Automotive), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global catalyst carriers market is estimated to be 121.2 kilotons in 2018 and is projected to reach 151.8 kilotons by 2023, at a CAGR of 4.6%.

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.

Key Highlights

Ceramics is estimated to be the largest product type of catalyst carriers in 2018.
Based on shape/composition, sphere is estimated to be the largest segment of the global catalyst carriers market in 2018.
Oil & gas is estimated to be the largest end-use industry segment of the catalyst carriers market in 2018.

Market Dynamics Drivers

Growing Consumption of Petroleum Derivatives to Meet the Increasing Energy Demand
Stringent Regulations Associated With Petroleum Treatment
Demand for Effective Catalysis Across Industrial Verticals

Restraints