Global Methanation Catalyst Market Size By Product (Aluminium Oxide Carrier, Composite Carrier), By Application (Coal to Gas, Coke Oven Gas to Gas), By Geographic Scope And Forecast

Methanation Catalyst Market Size And Forecast

Methanation Catalyst Market size is valued at USD 280.83 Million in the year 2024 and it is expected to reach USD 359.31 Million in 2031, growing at a CAGR of 3.1% from 2024 to 2031.

The growing demand in different industry sectors such as automotive, oil & gas, electrical, and others has created a huge demand for the Methanation Catalyst Market globally. Moreover, the increase in polymers manufacturing process is expected to drive the market. Further, the regulations and laws supporting the manufacturing and utilization of catalysts are anticipated to boost the Global Methanation Catalyst Market in future years. The benefits of using methanation catalysts such as lower the level of emission of carbon oxides and reduced pollution have influenced the demand across different industry sectors owing to grow the market. The Global Methanation Catalyst Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Methanation Catalyst Market Definition

Methanation is a conversion of carbon dioxide to methane through hydrogenation. The reaction is further catalyzed using nickel catalysts. The reaction is strongly exothermic and quickly approaches equilibrium. The prime uses of methanation are to purify synthesis gas and to manufacture methane. Synthesis gas removal is the elimination of carbon oxide gases from the environment and reducing pollution. The use of methane is primarily to produce heat and light. It is a colorless, odorless, flammable gas.

Methanation leads to the production of Synthetic Natural Gas (SNG) which can be used instead of natural gas. Synthetic Natural Gas is produced from coal and biomass. This manufactured product is most similar to natural gas. Most industries use fixed-bed reactors which are used to produce ammonia from the methanation process. The choice of reactor depends on the size of the reactor and setup and operating cost.

Global Methanation Catalyst Market Overview

The factors driving the Methanation Catalyst Market are the increase in demand for this product in various industries such as automotive, oil & gas, electrical, and others. Heavy goods vehicles are responsible for large amounts of CO2 gas emission. Natural gas is a suitable option for reducing these emitted CO2 gases. Methane which is a prime component of methanation has a low ratio of carbon-hydrogen gas owing to reducing the CO2 emission.

The factor benefiting in reducing pollution is expected to boost the Methanation Catalyst Market globally. Methane can be stored and used as a renewable energy source. Methanation results in removing large amounts of CO2 gas which can be further used for building blocks of fossil fuels and petrochemicals. Further, the excess hydrogen generated from power-to-gas technology is reacted with CO2 to form methane and store the well-developed natural gas. These applications related to the use of this product have fueled the demand for the global Methanation Catalyst Market.

Moreover, the increasing manufacturing of polymers is anticipated to grow the Methanation Catalyst Market in the future time. The support of regulations is further expected to drive the market globally. Favorable environmental regulations with no harmful effect of methanation catalysts have increased the share of the market globally. These advancements and benefits associated with the use of methanation catalysts have projected its demand in the market. However, factors such as government regulations and stringent laws associated with the use of methanation catalysts can restrain the growth of the market.

Global Methanation Catalyst Market Segmentation Analysis

The Global Methanation Catalyst Market is segmented on the basis of Product, Application, and Geography.

Methanation Catalyst Market, By Product

• Aluminium Oxide Carrier
• Composite Carrier
• Others

Based on Product, the market is bifurcated into Aluminium Oxide Carrier, Composite Carrier, and others. A carrier is majorly a neutral material used to support a catalyst. For the Methanation catalyst Aluminium oxide carriers and Composite carriers are used as neutral materials. Other carriers can be activated carbon or diatomaceous earth.

Methanation Catalyst Market, By Application

• Coal to Gas
• Coke Oven Gas to Gas
• CO Removal
• CO2 Removal

Based on Application, the market is bifurcated into Coal to Gas, Coke Oven Gas to Gas, CO Removal, and CO2 Removal. Methanation is a coal gasification to Synthetic Natural Gas that is the conversion of coal to gas. This is also called the process of producing syngas. Coke Oven Gas to Gas requires three or more adiabatic reactors owing to result in the long process flow, rapid catalyst deactivation, and high investment cost. The removal of carbon oxides and carbon dioxides through a selective methanation process protects the environment from pollution.

Methanation Catalyst Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

On the basis of Geography, the Global Methanation Catalyst Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players

The “Global Methanation Catalyst Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Haldor Topsoe, Anchun, Clariant, Johnson Matthey, Jiangxi Huihua, BASF, Sichuan Shutai, JGC C&C, INS Pulawy and CAS KERRY.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2018, Haldor Topsøe developed a new methanation catalyst called TK-121. It is designed to enhance the production of renewable natural gas (RNG) from various feedstocks, such as biogas and syngas.
• In 2019, the company announced the construction of a new research and development center in Denmark. The facility focuses on catalyst development and aims to advance technologies for methanation and other catalytic processes.
• In 2019, BASF launched its new high-temperature methanation catalyst called HGM-01. It offers high activity and selectivity, making it suitable for various applications, including power-to-gas and renewable energy storage.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Methanation Catalyst Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Methanation Catalyst Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT a