Catalysts are used for reducing the production cost of polymers, petrochemicals, and chemicals. Supported catalysts or catalyst supports are solid material with high surface areas to which catalysts are affixed. Growing importance of catalysts in the industries such as oil and gas and chemicals due to their capability to decrease the lead time and enhancing the reaction rate is driving the demand for supported catalysts. Increased use of the catalytic reforming method in the oil and gas industry, due to better yield of light cut oils like superior kerosene oil, gasoline, and high-speed diesel, helps extend the application scope for these catalysts. Major product types include precious metal-based supported catalysts, nickel based supported catalysts, and other supported catalysts.
In-Depth research report on Supported Catalyst Market :
High Efficiency Properties to Boost Precious Metal-based Supported Catalysts Demand
High efficiency of precious metal catalysts is also likely to spur the product demand over the forecast period (from 2017 to 2025). Influx of capital in R&D activities for the development of novel technologies are expected to be the key factor driving the segment demand. High demand from industries such as pharmaceuticals and automobiles along with various environment-related issues and their legal implications is also expected to fuel the precious metal-based supported catalyst development in the future. Most companies in this field focus on product innovations to generate maximum revenue. For instance, a team of expert researchers have developed a new rhodium (Rh)-based catalyst for making organosilicon using less precious metals. The new catalyst made of silica, tertiary amines and a Rh complex helps boost hydrosilylation reactions. This catalyst is important for new organosilicon compounds that have huge demand in a variety of industries such as electronics and medical.
Based on the findings of a research study available on Radiant Insights, Inc.; the worldwide supported catalyst market is likely to witness a substantial growth over the next few years. Increased spending for the production of petroleum derivatives with the help of syngas is also expected to fuel the demand for catalysts thereby boosting the supported catalyst market expansion. In addition, many stringent regulations like National Ambient Air Quality Standards (NAAQS) in various developed regions such as the U.S. are encouraging the usage of catalysts as environmental protection materials. This is also predicted to have a great impact on the global market demand in near future. Major companies in the global market are E. I. du Pont de Nemours and Company; Evonik Industries AG; W. R. Grace and Company; and BASF SE.
Free request sample :