Dublin, Sept. 23, 2020 (GLOBE NEWSWIRE) -- The "Aluminum Nickel Catalysts Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for aluminum nickel catalysts market is expected to grow at a CAGR of over 4% during the forecast period. The major factor driving the growth of the market studied is the augmenting demand for hydrogenation reactions. On the flip side, low stability and safety issues related to aluminum nickel catalysts are expected to hinder the growth of the market studied.
Booming natural gas production to provide future opportunities for hydrodesulfurization is likely to provide a major growth opportunity for the market studied during the forecast period.
The hydrogenation segment accounted for the largest share, holding around 73% of the total market share.
Key Market Trends
Soaring Demand From Hydrogenation Applications
Aluminum nickel catalyst (Raney nickel catalyst) is mostly composed of nickel derived from nickel and aluminum alloy in the presence of concentrated sodium hydroxide (NaOH).
The aluminum nickel catalyst is majorly used in the hydrogenation of a large number of functional groups, including carbon-carbon double bond, nitro, azide, nitrile, oxime groups. Moreover, this catalyst is also used in hydrogenation reactions, which involve very high pressure and temperature.
Additionally, aluminum nickel catalysts are also used in a range of other hydrogenation applications, including nitro compounds, amines, carbonyls, alcohols, nitriles, amines, olefins, acetylenes, and saturates. Also, they are widely used in reductive alkylation, reductive amination, and ammonolysis of alcohol.
The final use of these hydrogenation reactions is majorly found in food processing, petrochemical, and petroleum industry.
In the petroleum industry, hydrogenation is used in a process called hydrocracking, which breaks heavy crude's long hydrogen carbon chains into lighter petroleum products, such as diesel, gasoline, and jet fuel.
Such industrial applications of hydrogenation are expected to drive the market for aluminum nickel catalyst during the forecast period.
Asia-Pacific to Dominate the Market
Asia-Pacific region dominated the market with a share of almost 30% with China and India being the major consumers of the market.
For instance, most of the caprolactam is synthesized from cyclohexanone, which utilizes catalysts, like Aluminum-Nickel. The caprolactam production in China has been on the rise, due to increased demand from Nylon-6 production.
The caprolactam production capacity of China has increased by over 30% in 2019, from 2017 level in the country. The production capacity is expected to increase further over the next 5 years.
Aluminum-Nickel Catalysts are used in the production of Sorbitol. China is the major producer of sorbitol in the world. It accounts for around 40-45% of the global production capacity of the sorbitol.
Additionally, The sales volume of margarine and spreads in India increased by over 80%, in the last five years, owing to the increased penetration of western foods in India.
Evonik is the largest supplier of aluminum-nickel catalysts in India, followed by Vineeth Precious Catalysts Pvt Ltd.
All these factors are expected to increase the demand for Aluminum-Nickel catalysts
The global Aluminium nickel catalysts market is partially consolidated, as the top five companies in the market account for approximately ~52% of the market. Some of the major players in the market studied include BASF SE, Clariant, W. R. Grace & Co, Johnson Matthey, and Haldor Topsoe AS, among others.
Reasons to Purchase this report:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Report
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Augmenting Demand for Hydrogenation Reactions
4.2.1 Low Stability and Safety Issues
4.2.2 Impact of COVID-19 Pandemic
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Raw Material Analysis
4.6 Patent Analysis
4.7 Catalyst Replacement Rate/Catalyst Average Life Span
5 MARKET SEGMENTATION
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.2.2 North America
220.127.116.11 United States
18.104.22.168 Rest of Europe
5.2.4 South America
22.214.171.124 Rest of South America
5.2.5 Middle-East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Alfa Aesar, Thermo Fisher Scientific
6.4.3 BASF SE
6.4.5 Evonik Industries AG
6.4.6 Haldor Topsoe AS
6.4.7 Hangzhou JiaLi Metals Sci&Tech Limited Corporation
6.4.8 Johnson Matthey
6.4.9 Merck KGaA
6.4.10 Vineeth Precious Catalysts Pvt Ltd
6.4.11 W. R. Grace & Co
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Booming Natural Gas Production to Provide Future Opportunities for Hydrodesulfurization
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