Hydrogenation catalyst refers to the catalyst used when the compound is added to hydrogen. The common types are metal catalysts of group VIII transition metal elements, noble metal based catalyst and others. It is mainly used for product production, raw material purification, and product refining. Commonly used catalysts are palladium-carbon, Raney nickel, cobalt and platinum. Palladium-carbon generally does not require high temperature and pressure operation and is commonly used for the reduction of nitro, nitrile, oxime etc. The aromatic ring can also be hydrogenated in acidic media, at 80°C and 4 atmospheres of pressure. Raney nickel catalysts are nickel aluminium alloy catalysts with a spongy pore structure and have a wide range of applications in hydrogenation, both in the catalytic hydrogenation of unsaturated alkenes, alkynes, nitro, cyano or carbonyl groups and in the hydrogenation of macromolecules with unsaturated bonds, as well as in the hydrogenation, isomerisation and cyclisation of saturated hydrocarbons. Raney nickel is used as a hydrogenation catalyst in petrochemical production and after a certain period of use it is deactivated and needs to be replaced periodically. Cobalt, a silvery-white ferromagnetic metal with a silvery-white, slightly pinkish surface can only present catalytic activity for hydrogenation at high temperatures and pressures, and is mainly used for the hydrogenation and reduction of nitrile to the corresponding amine. Platinum oxide is chemically inactive and stable in air and humid environments is commonly used for the reduction of nitro substances, aldehydes and also for the hydrogenation of phenolic rings to the corresponding cyclohexanols. Hydrogenation catalysts are used in a wide range of industries and are particularly in demand in the refining, petrochemical, oil and fat hydrogenation industries.
A collaborative research group led by Yoichi Yamada, head of the Green Nanocatalyst Research Group at the Research Center for Environmental Resources of the National Institute of Research and Development (RIKEN) in Japan, has discovered that 150 repeated hydrogenation reactions can be achieved using a small amount of palladium, an immobilised catalyst that has already been developed.
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Global Hydrogenation Catalysts Market Analysis and Forecast
According to our research, the Global Hydrogenation Catalyst market has a total revenue of 2632.33 M USD back in 2015, and increased to 3048.23 M USD in 2019. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Global Hydrogenation Catalyst markets can be 3805.92 M USD by 2027. The CAGR of Global Hydrogenation Catalyst is 3.55% from 2020 to 2027. Global Hydrogenation Catalyst companies are mainly from USA; the industry concentrate rate is high. The top three companies are Advanced Refining Technologies (ART), Shell Catalysts & Technologies, Albemarle with the revenue market share of 17.07%, 15.17% and 12.85% in 2019.
North America was the largest revenue market with a market share of 50.84% in 2015 and 48.54% in 2019, an increase of -2.3%. In 2019, the Europe market share was 32.76%, ranking second. In addition, Asia-Pacific Hydrogenation Catalyst market is expected to be the growing market. Development of economy, increase downstream demand, technology innovation progress in these areas will promote the Global Hydrogenation Catalyst market.
The growth of the Global Hydrogenation Catalyst market is driven by the downstream demand market. As the global economy develops, the population continues to increase. Growing market demand plays an active role in the expansion of the Global Hydrogenation Catalyst market. Higher product quality and more affordable products will be one of the growth opportunities in this market in the future. At the same time, competition in new regions may become more intense. This may become a factor hindering market growth.
Hydrogenation Catalyst Industry Forecast and Recommendations under COVID-19
Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. At the beginning of the outbreak, work is usually delayed and the normal production of the company is affected. For companies in areas where the epidemic is relatively mild and can start operations normally, even if they start operations at normal times, they will face insufficient supply of raw materials, resulting in lower than normal capacity utilization. The spread of epidemics caused by transportation will affect normal cargo transportation. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. In many countries ,there are many cases of transmission in long-distance buses, trains, airplanes and other transportation vehicles. Therefore, there is a risk of virus spread due to long-distance transportation. Therefore, areas with more severe epidemics have taken certain measures to control transportation. The supply side is under great pressure.
It is currently impossible to accurately predict the degree of control of this epidemic in various countries, and it is impossible to predict whether it will function normally for long-term economic activities. However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound. The outbreak of the epidemic will have a significant impact on enterprises and individuals within a certain period of time, especially on small and medium-sized enterprises and low-income families. It is necessary for the government to take targeted financial and monetary measures to help all walks of life together.
At present, industry competition is not very fierce, the leading three companies accounts for more than 40% shares and other companies can hardly catch up within short period. And, due to the constant conflicts between the world\'s major economies, the sudden outbreak of epidemics, the interruption of the industrial chain and other factors, the uncertainty of trade has increased, and there is a risk of entry to a new market. For the global market, it is difficult to gain a foothold in the global market without sufficient funds, technology and a complete distribution network. For single markets in certain regions, the low prices of high-quality products may provide opportunities for new entrants.
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