Global Solid Acid Catalyst Market Overview:
Solid Acid Catalysts are broadly used in various industrial and petrochemical processes. Due to their eco-friendly nature and recyclable nature, they are preferred over liquid acid catalysts. Regulations surrounding climate change, toxic and hazardous chemicals, and pollutants left in the environment have also started the shift towards solid acid catalysts. Solid Acid catalysts have unique properties of hydrophilicity. This is the reason why solid acid catalysts are widely used in catalyst reactions such as esterification, acylation, condensation, hydration, etc. With the enhanced focus on sustainability, solid acid catalysts will grow in demand. Some of the players profiled in the study are BASF SE (Germany), Evonik Industries AG (Germany), W. R. Grace & Co.-Conn. (United States), Johnson Matthey Plc (United States), Albemarle Corporation (United States), Exxon Mobil Corporation (United States), Clariant International Ltd. (Switzerland), Axens SA (France), Umicore (Belgium) and Honeywell UOP (United Kingdom).
On the basis of geography, the market of Solid Acid Catalyst has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. Metals (Base Metals will boost the Solid Acid Catalyst market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Sustainable Alternative to Traditionally Used Liquid Acid Catalysts
- Produces Less Waste than Liquid Acid Catalyst
- Stringent Regulations against Toxic or Hazardous Pollutants Such as Liquid Acid Catalysts is also Driving Industry towards Environment Friendly Solid Acid Catalysts
- Increase in Investment and Demand for Bio Diesel and Shale Oil has also Resulted in Increasing Demand for Solid Acid Catalysts
- Use of Biodiesel in North America is Growing Trend Due to High Prices of Petroleum or Fossil Derived Fuels
- Due to Global Decline in Air Travel in Covid-19 has resulted in Decline for Fuel
- Increased Investment in Electric Vehicles will Negatively Impact Petrol and Biodiesel Driven Vehicles
- Innovation in Cleaner and More Reactive Solid Acid Catalysts to Overcome Existing Catalytic Limitation of Solid Acid Catalysts
- Lower Reaction Rate than Liquid Acid Catalysts Due to Lower Porosity Rate
- Limited Active Site of Solid Acid Catalysts, Limits the Use of Solid Acid Catalysts to Certain Industries Only
Key Market Developments:
In 2021, Clariant Chemicals, a Swiss multinational giant in specialty chemicals announced the acquisition of majority stakes of 51% in India Glycols. With the completion of this deal, Clariant looks to expand its presence and capacity in India especially in the field of nutraceuticals, and specialty chemicals.
Target Audience:Solid Acid Catalyst Manufacturers, Suppliers, and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Raw Material Suppliers, Government Regulatory Bodies, End-Use Industries and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Solid Acid Catalyst market on the basis of product [Heteropolyacids, Sulfated Zirconia, Montmorillonite K11, Zeolite-based Catalyst and Others] , application [Petroleum Refining, Chemical Synthesis, Petro Chemicals and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Solid Acid Catalyst market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Solid Acid Catalyst industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are EP Minerals (United States), Nease Performance Chemicals (United States) and SINOCATA (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Solid Acid Catalyst market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.