Global Secondary Reforming Catalyst Market Introduction
There has been a rise in the demand for secondary reforming catalysts from the petrochemical and fertilizer industries. Secondary reforming catalysts are metal oxides used for facilitating the reforming process. Reforming catalysts are generally made up of nickel and oxides of copper, zirconium, aluminum and nickel. A secondary reforming catalyst is primarily used in the reforming process in ammonia production.
Secondary reforming catalysts find applications in processes such as methanol, ammonia, formaldehyde, and syngas production. The activity of the secondary reforming catalyst decides the yield and conversion of feedstock. The use of a suitable catalyst in the reforming process is essential to the production output of the reforming plant. The performance of the catalyst is dependent on the reformer design.
Secondary Reforming Catalyst Market Trends
Research & development activities have been driving new product developments in the market and the changing requirements of reformers and chemical manufacturers are creating new opportunities for secondary reforming catalyst manufacturers.
Additionally, technology providers are signing long-term contracts with end users including refiners and chemical manufacturers, to grab larger market shares
Global Secondary Reforming Catalyst Market: Market Participants
Some of the market participants identified across the value chain of the global secondary reforming catalyst market include,
- Johnson Matthey
- Haldor Topsoe
- Honeywell International Inc.
- Tanaka Holdings Co., Ltd
- thyssenkrupp AG
- China Petroleum & Chemical Corporation
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast.
Global Secondary Reforming Catalyst Market: Regional Outlook
The global secondary reforming catalyst market is anticipated to be dominated by Asia Pacific with China leading the market in terms of both production and consumption. India is also anticipated to witness sound growth in the demand for secondary reforming catalysts, owing to the rapid growth of the automotive industry in the country. North America and Europe are collectively anticipated to hold significant shares in the secondary reforming catalyst market and the increasing demand for green tires is anticipated to drive the demand in the coming years.
Significant investments and economic recovery in Brazil and Argentina are projected to drive the Latin America secondary reforming catalyst market. The Middle East and Africa region is projected to witness moderate growth in the demand for secondary reforming catalysts over the forecast period.
Global Secondary Reforming Catalyst Market: Segmentation
The global secondary reforming catalyst market can be segmented on the basis of process, material, end use industry and region.
On the basis of process, the global secondary reforming catalyst market can be segmented as:
- Ammonia Production
- Methanol production
- Formaldehyde Production
- Syngas Production
On the basis of material, the global secondary reforming catalyst market can be segmented as:
- Metal oxide
On the basis of end use industry, the global secondary reforming catalyst market can be segmented as:
- Petrochemical Refinery
- Chemical & Fertilizer
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