Merger & Acquisition and Expansion are the Key Development Strategies Adopted by the Leading Players in the Global Catalyst Carriers Market.
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%. Catalyst carriers are a type of support materials that are used with a catalyst to increase the rate of specific chemical reactions. Internal surface area, porosity, high mechanical strength and stability, chemical inertness, and bulk material uniformity are some of the physical properties that govern the efficiency of catalyst carriers. Catalyst carriers are made from different product types, such as ceramics, activated carbon, and zeolites, and customized in different shapes/compositions, such as sphere, extrudate, honeycomb, ring, and porous, depending on the type of application. Catalyst carriers are then used in end-use industries such as chemical manufacturing, oil & gas, automotive, and others including wastewater treatment and pharmaceuticals. The growing consumption of petroleum derivatives, increasing demand for efficient catalysis across industrial verticals, and stringent regulations associated with petroleum treatment are the major factors driving the catalyst carriers market, globally.
CeramTec (Germany), Saint-Gobain (France), W.R. Grace & Co. (US), Coorstek Inc. (US), Cabot Corporation (US), Almatis GmbH (Netherlands), Sasol Ltd. (South Africa), Evonik Industries AG (Germany), Noritake Co., Limited (Japan), and Magma Ceramics & Catalysts (UK) are the manufacturers that have been profiled in this report. These companies provide catalyst carriers in different shapes and compositions suitable for the requirements of the oil & gas, chemical manufacturing, and automotive industries.
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Key companies manufacturing catalyst carriers adopted the strategy of merger & acquisition and expansion between 2013 and 2018. These strategies were adopted to strengthen their position and remain competitive in the catalyst carriers market.
Saint-Gobain (France), CeramTec (Germany), W.R. Grace & Co. (US), Cabot Corporation (US), and Evonik Industries AG (Germany) are the key players in the global catalyst carriers market. Companies such as W.R. Grace & Co. and Evonik Industries adopted several strategic activities; however, merger & acquisition and expansion were the most preferred strategies adopted by these companies.
Saint-Gobain, a leading player in the catalyst carrier market, conducts its business through its subsidiary Saint-Gobain NorPro. The company has a comprehensive range of catalyst carriers and has been developing innovative products to continue its leading position in the catalyst carriers market. In July 2017, the company introduced Accu sphere catalyst carriers, which is estimated to meet the growing demand from the petrochemical and chemical & refining industries.
W.R. Grace & Co. is one of the leading manufacturers of catalyst carriers. The company, in April 2018, acquired the polyolefin catalysts business of Albemarle Corporation (US) which is primarily involved in the development and manufacturing of custom-made single-site catalysts as well as metallocenes and activators used in the production of plastic resins. It also includes a comprehensive series of highly optimized Ziegler-Natta catalysts for polyethylene production. This acquisition also includes production plants in Baton Rouge, LA and Yeosu, South Korea; R&D and pilot plant capabilities; and an extensive portfolio of intellectual property. This development is expected to significantly enhance its position in the fastest-growing polyethylene segment and increase its polyolefin catalysts portfolio.
Related Reports:
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
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