According to a new market research report "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", published by MarketsandMarkets™, the global 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%. The market is witnessing growth due to the increasing use of catalyst carriers in the petroleum refining in oil & gas industry. Stringent regulations associated with petroleum treatment is also expected to drive the consumption of catalyst carriers during the forecast period.

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Ceramics is estimated to be the largest product type of catalyst carriers in 2018. Ceramics include a broad range of chemical compounds that are solid and inorganic. They are mostly metal oxides, nitrides, carbides, borides, and composite materials. Properties such as poor conductivity, high melting temperature, appreciable hardness, low ductility, chemical resistance, and high moduli of elasticity make ceramics the most abundantly used product types in the manufacturing of catalyst carriers.

Based on shape/composition, sphere is estimated to be the largest segment of the global catalyst carriers market in 2018. Spherical catalyst carriers are preferred over other catalyst carriers as it provides higher stiffness, lower thermal expansion, increased corrosion resistance, higher electrical resistance, and are lightweight than its counterparts.

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.

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.

Catalyst carrier manufacturers 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) have been covered in the report.

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