Catalyst Carrier Industry Analysis in East Asia
Study on Catalyst Carriers in East Asia by Ceramics, Activated Carbon, and Zeolites for Chemicals, Petrochemicals, Oil & Gas, Automotive, Pharmaceuticals, and Agrochemicals from 2024 to 2034
Analysis of Catalyst Carriers Covering Countries Includes Analysis of China, Japan, South Korea
Catalyst Carrier Sales Outlook for East Asia (2024 to 2034)
A newly published research report by Fact.MR reveals that sales of catalyst carriers in East Asia are pegged at US$ 58.3 million in 2024. The East Asian market is predicted to increase at 4.8% CAGR and reach a size of US$ 93.2 million by the end of 2034.
Rapid industrialization along with economic growth in countries in East Asia, including Japan, South Korea, China, etc. are predicted to stimulate demand for catalyst carriers. Growing industrial activities are forecasted to propel the demand for catalyst carriers in numerous manufacturing processes.
Implementation of stringent environmental regulations is anticipated to stimulate industries to minimize emissions and adopt cleaner production techniques. These carriers play a significant role in emission reduction and pollution control, therefore more industries are looking for effective catalyst carriers to match regulatory standards.
Noteworthy shift to renewable energy sources in the regional market, including hydrogen, wind, and solar is forecasted to propel requirements for catalyst carriers. They are utilized in renewable fuel production and procedures, including hydrogen fuel cells. Rising demand for catalyst carriers in end-use industries, including oil & gas, environmental applications (wastewater treatment), chemicals, and automotive is anticipated to contribute to market expansion.
| Report Attributes | Details |
|---|---|
| Catalyst Carrier Sales in East Asia (2024E) | US$ 58.3 Million |
| Projected Sales (2034F) | US$ 93.2 Million |
| Demand Growth (2024 to 2034) | 4.8% CAGR |
| Sales in South Korea (2024E) | US$ 8.7 Million |
| Demand Growth in Japan (2024 to 2034) | 4.5% CAGR |
| Demand Growth in China (2024 to 2034) | 4.9% CAGR |
| Market Share of Catalyst Carriers for Chemicals (2024E) | >36% |
| Key Companies Profiled |
|
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Why are Catalyst Carrier Sales Rising Steadily in East Asia?
“Rapid Industrialization and Economic Growth across the Region”
Increasing industrial growth in countries in East Asia, including Japan, China, and South Korea, is predicted to work as one of the pivotal forces in stimulating demand for catalyst carriers. Rapid industrialization, which is characterized by noteworthy economic development, is projected to foster a conducive environment for the expansion of several industries.
Rising technological advancements and modernization are predicted to lead to a significant increase in infrastructure development, manufacturing, and several other sectors. Catalyst carriers are experiencing increased demand in numerous sectors, including infrastructure, etc. due to their user-friendly and environment-friendly features.
This noteworthy growth in the industrial sector is forecasted to lead to rising activities in several sectors, including automotive, pharmaceuticals, petrochemicals, and more. Catalyst carriers work as critical components in several manufacturing processes, facilitating refining and chemical transformations, and thus enhancing the effectiveness of production operations.
Country-wise Insights
Which Aspects are Forecasted to Contribute to Increased Demand for Catalyst Carriers in China?
“Implementation of Stringent Environmental Regulation Aiming to Minimize Emissions”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 36.2 Million |
| Growth Rate (2024 to 2034) | 4.9% CAGR |
| Projected Value (2034F) | US$ 58.5 Million |
Implementation of stringent environmental regulations in China to tackle emissions and pollution is predicted to stimulate demand for catalyst carriers. These solutions are used in several industries, to reduce and control emissions from vehicles, manufacturing processes, and power generation.
Continuous industrial growth in China across several sectors, including chemicals, automotive, manufacturing, and petrochemicals is anticipated to amplify the requirements for catalyst carriers. They contribute significantly in facilitating refining processes, emission control, and chemical reactions. In addition rising concentration on clean energy sources, including hydrogen, is also generating demand for catalyst carriers in China.
Why is Japan a Key Market for Investors?
“Presence of Strong Automotive Industry and Environmental Regulations”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 13.3 Million |
| Growth Rate (2024 to 2034) | 4.5% CAGR |
| Projected Value (2034F) | US$ 20.7 Million |
Presence of a strong automotive manufacturing sector in Japan is forecasted to generate demand for catalyst carriers as integral components, used in the production of catalytic converters. These play a pivotal role in minimizing emissions in vehicles to match the stringent environmental regulations. The rising demand for these carriers in the automotive sector is predicted to remain high because of the requirement for more efficient and cleaner vehicles.
Similar to other developed countries, Japan has also implemented stringent environmental regulations to reduce pollution and control emissions from several industries. Catalyst carriers work effectively to match these set regulatory standards, especially in industries, including power generation, petrochemicals, and manufacturing.
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Category-wise Insights
Why are Ceramic Catalyst Carriers Ruling the Charts?
“Superior Properties of Ceramic Catalyst Carriers Stimulating Their Demand”
| Attribute | Ceramics |
|---|---|
| Segment Value (2024E) | US$ 41 Million |
| Growth Rate (2024 to 2034) | 5% CAGR |
| Projected Value (2034F) | US$ 67 Million |
Constant advancements taking place in catalyst technology along with a noteworthy shift to durable and more efficient catalysts are predicted to stimulate requirements for high-performing solutions. Ceramic carriers offer superior properties, including excellent thermal stability, high surface area, better catalyst efficiency, and resistance during harsh operating conditions. Therefore, an increase in the demand for ceramic-based catalyst carriers is experienced in East Asia.
Why is There an Uptick in Demand for Sphere Form of Catalyst Carriers?
“Notable Effectiveness of Sphere Catalyst Carriers”
| Attribute | Sphere |
|---|---|
| Segment Value (2024E) | US$ 18.9 Million |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 30 Million |
As per the study published by Fact.MR, a market research and competitive intelligence provider, compared to conventional catalyst carriers, regional demand for sphere-shaped carriers is increasing. Better functioning of catalyst carriers in catalytic reactors is contributing to growing demand. Better mass transfer properties, higher catalyst activity, and improved contact between the reactants and catalysts are stimulating their adoption.
Competition Landscape
Prominent manufacturers of catalyst carriers in East Asia are focusing on increasing their spending capacity to ensure the management of their supply chain, quality control, new product development, etc.
Key players operating in the market in East Asia are Pingxiang Chemshun Ceramics Co., Ltd., Jiangxi Pingxiang Longfa Enterprise Co., Ltd., Shanghai Yansheng International Trade Co., Ltd., Shinagawa Refractories Co., Ltd., Suzhou Jinhong Gas Co., Ltd., and Mitsubishi Chemical Corporation.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Catalyst Carrier Study in East Asia
-
By Type:
- Ceramics
- Alumina
- Titania
- Magnesia
- Silicon Carbide
- Silica
- Others
- Ceramics
- Activated Carbon
- Zeolites
- Others
-
By Shape:
- Sphere
- Extrudate
- Powder
- Honeycomb
-
By Surface Area:
- Low (0 to 10 m2/g)
- Intermediate (11 to 120 m2/g)
- High (>120 m2/g)
-
By Pore Volume:
- 0 to 0.3 cm3/g
- 0.4 to 0.7 cm3/g
- >0.7 cm3/g
-
By End-use Industry:
- Chemicals
- Petrochemicals
- Oil & Gas
- Automotive
- Pharmaceuticals
- Agrochemicals
-
By Country:
- China
- Japan
- South Korea
- FAQs -
What is the demand projection for catalyst carriers in East Asia for 2024?
Sales of catalyst carriers in East Asia are estimated at US 58.3 million in 2024.
What is the sales outlook for catalyst carriers by the end of 2034?
Demand for catalyst carriers in East Asia is projected to reach a market value of US$ 93.2 million by 2034.
What is the projected demand growth rate for catalyst carriers through 2034?
The market in East Asia is predicted to expand at a CAGR of 4.8% from 2024 to 2034.
How much share of the market is projected to be held by the chemical industry?
The chemical industry is projected to contribute more than 36% share of regional market revenue in 2024.
What is the value of the market in South Korea?
Sales of catalyst carriers in South Korea are estimated at US$ 8.7 million in 2024.
At what CAGR is the demand for catalyst carriers forecasted to advance in China?
Demand for catalyst carriers in China is projected to rise at a CAGR of 4.9% from 2024 to 2034.
What is the predicted demand growth rate for catalyst carriers in Japan?
The market in Japan is forecasted to expand at 4.5% CAGR from 2024 to 2034.
Catalyst Carrier Industry Analysis in East Asia