What is Global Methanation Catalyst Market?
The Global Methanation Catalyst Market is a specialized sector that focuses on the production and distribution of methanation catalysts. These catalysts are essential components in the process of methanation, a chemical reaction that converts carbon monoxide and other oxides of carbon into methane. This process is crucial in various industries, including the production of synthetic natural gas and the removal of carbon monoxide from gas streams. The market for these catalysts is global, with demand driven by industries around the world. In 2022, the market was valued at US$ 65 million, and it is projected to grow to US$ 75 million by 2029. This represents a compound annual growth rate (CAGR) of 2.1% from 2023 to 2029. The market is dominated by two major producers, Haldor Topsoe and Johnson Matthey, who accounted for 34.31% and 38.11% of the market's revenue in 2019, respectively.
Aluminum Oxide Carrier, Composite Carrier, Others in the Global Methanation Catalyst Market:
The Global Methanation Catalyst Market is segmented based on the type of carrier used in the catalysts. These include Aluminum Oxide Carrier, Composite Carrier, and others. Aluminum Oxide Carriers are widely used due to their high thermal stability and resistance to poisoning from sulfur and other contaminants. They also have a high surface area, which allows for more active sites for the methanation reaction. Composite Carriers, on the other hand, are made from a combination of different materials. These carriers can be tailored to specific applications, allowing for greater flexibility in their use. Other types of carriers are also used, depending on the specific requirements of the methanation process. The choice of carrier can significantly impact the efficiency and effectiveness of the methanation catalyst, making this a critical aspect of the market.
Coal to Gas, Coke Oven Gas to Gas, CO Removal, CO2 Removal in the Global Methanation Catalyst Market:
The Global Methanation Catalyst Market finds its application in several areas, including Coal to Gas, Coke Oven Gas to Gas, CO Removal, and CO2 Removal. In the Coal to Gas sector, methanation catalysts are used to convert coal into synthetic natural gas. This process is a key part of efforts to reduce the environmental impact of coal use. In the Coke Oven Gas to Gas sector, these catalysts are used to convert the byproducts of coke production into usable gas. This not only reduces waste but also provides an additional source of revenue. In CO and CO2 removal, methanation catalysts are used to remove these harmful gases from various gas streams. This is crucial in industries such as natural gas processing, where these gases can pose significant safety risks.
Global Methanation Catalyst Market Outlook:
The Global Methanation Catalyst Market, as per the recent market outlook, was valued at US$ 65 million in 2022. It is projected to reach a valuation of US$ 75 million by 2029, indicating a steady growth with a CAGR of 2.1% during the forecast period from 2023 to 2029. The market is primarily dominated by two leading producers, Haldor Topsoe and Johnson Matthey. In 2019, these two companies held a significant share in the market revenue, with Haldor Topsoe accounting for 34.31% and Johnson Matthey contributing 38.11%. These figures underline the competitive landscape of the Global Methanation Catalyst Market, where these two companies hold a major stake.
| Report Metric | Details |
| Report Name | Methanation Catalyst Market |
| Accounted market size in 2022 | US$ 65 in million |
| Forecasted market size in 2029 | US$ 75 million |
| CAGR | 2.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Haldor Topsoe, Johnson Matthey, BASF, Clariant, INS Pulawy, JGC C&C, Jiangxi Huihua, Anchun, CAS KERRY, Sichuan Shutai, Dalian Catalytic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
