Global Nickel Catalyst Market Will Increase to $769 Million by 2028

Nickel catalysts refer to a catalyst with nickel metal as the main active component and is an important industrial catalyst. Nickel catalysts typically have high catalytic activity and relatively low prices, making them widely used in various fields such as chemical, petroleum, and energy.

Segmented Market Analysis

From the perspective of product types, nickel catalysts can usually be classified into several categories based on their morphology, including powder catalysts, forming catalysts, and supported catalysts. Powder catalysts exist in powder form and are typically used for laboratory research or small-scale production; Forming catalysts are formed by mixing powdered catalysts with an appropriate amount of binder, such as in the form of particles, flakes, etc; Supported catalysts refer to loading nickel onto a carrier (such as alumina, silica gel, etc.). Among them, powder nickel catalysts occupy the largest market share, accounting for 56.99%.

From the perspective of downstream applications, the application of nickel catalysts involves multiple fields such as petrochemicals, food, and pharmaceuticals. Among them, the petrochemical industry is the largest downstream application market. According to our research data, the application scale of nickel catalysts in the petrochemical field in 2023 was $425 million, with a market share of 73.40%.

Global Nickel Catalyst Market Size and Share by Type and Application in 2023


Market Size (Million USD)

Market Share

Segmented by Type

Supported catalyst

79

13.64%

Forming catalyst

170

29.36%

Powder catalyst

330

56.99%

Segmented by Application

Petrochemicals

425

73.40%

Food

50

8.64%

Pharmaceuticals

44

7.60%

Others

60

10.36%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of The Competitive Landscape
With the continuous development of the global economy and the acceleration of industrial processes, the nickel catalyst market is showing a steady growth trend. The data shows that the global nickel catalyst market revenue in 2023 was $579 million. In the coming years, with the continuous updating and progress of technology, the catalytic efficiency and stability of nickel catalysts are expected to improve. In addition, the research and application of new nickel catalysts will further drive market growth. It is expected that the global nickel catalyst market will increase to $769 million by 2028.
From the perspective of market competition, the concentration of the global nickel catalyst market is relatively low. According to the data, the total production value of nickel catalysts by the top 3 enterprises in the industry was $201 million in 2023, with a total share of 35.03%. The top 3 companies were W R. Grace and Company, Evonik, and Johnson Matthey. In 2023, these three enterprises nickel catalyst production value accounted for 12.56%, 12.51%, and 9.96% of the global market, respectively.
Global Nickel Catalyst Market Size Forecast and Competitive Landscape Analysis
 Global Nickel Catalyst Market Size Forecast and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com
Market Development Forecast
With the recovery of the global economy and the acceleration of industrial processes, the demand for nickel catalysts will further increase. It is expected that the global nickel catalyst market will continue to maintain steady growth in the coming years. Meanwhile, with the continuous tightening of environmental protection policies and technological progress, environmentally friendly and efficient nickel catalysts will become the mainstream in the market.



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