1 Global Methanation Catalyst Market Insight Analysis
The global methanation catalyst market is valued at USD 316.21 million in 2024, with a CAGR of 3.32% from 2024 to 2033.
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 elimination of carbon oxide gases from the environment and reducing the 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) and can be used instead of natural gas. Synthetic Natural Gas is produced from coal and biomass. This manufactured product is mostly similar to the natural gas. Most of the industries use fixed bed reactors which are used to produce ammonia from the methanation process. The choice of reactor depends on the size of reactor and setup and operating cost.
Figure Global Methanation Catalyst Market Size (M USD) and CAGR (2024-2033)
2 Methanation Catalyst Market Growth Drivers and Restraints
From the perspective of market demand, the global demand for natural gas continues to rise, and the demand for reducing greenhouse gas emissions is becoming increasingly urgent, which brings development opportunities to the methanation catalyst market. In developing countries, population growth and accelerated industrialization have led to a surge in demand for energy, further driving market expansion. With the widespread use of renewable energy such as solar energy, wind energy, hydropower and biomass energy, rawer materials are provided for methanation reactions, promoting market development.
Downstream industries such as automobiles, oil and gas, and electricity are increasing demand for methanation catalysts. In the automotive industry, natural gas is favored as a clean energy source to reduce carbon dioxide emissions, and methanation catalysts play a key role in natural gas production. The growth in demand from this series of downstream industries has strongly driven the development of the methanation catalyst market. In addition, major companies have continuously increased their investment in R&D activities, which has promoted technological progress and product innovation, improved the performance of catalysts, met the market’s demand for efficient and stable catalysts, and provided momentum for market growth.
In terms of catalyst performance, although nickel catalysts are widely used in catalytic methanation reactions, there are still many problems. In the process of synthetic natural gas production, carbon deposition, sintering, Ni (CO)₄ formation and sulfur poisoning will occur, which not only affects the activity and selectivity of the catalyst, but also leads to a decrease in its stability. The deactivation of the catalyst seriously restricts production efficiency and cost control, and has become a major obstacle to market development.
Since the methanation reaction is a reversible exothermic reaction, it is subject to thermodynamic constraints. When designing the catalyst, it is necessary to find a balance between activity, selectivity and stability to achieve a conversion rate close to equilibrium at a moderate reaction temperature (<350°C) and high space velocity, which places high demands on the research and development of the catalyst.
3 Technological Innovations in the Methanation Catalyst Market
In terms of technological innovation, researchers are committed to finding more efficient and stable catalyst materials. At present, in addition to the commonly used nickel catalyst, metals such as cobalt, iron, and ruthenium are also being studied for methanation reactions. Ruthenium catalysts show high activity at low temperatures, providing a new direction for the development of catalysts with high low-temperature activity and strong stability.
Research on carrier materials is also deepening, and different oxide carriers (such as Al₂O₃, SiO₂, TiO₂, etc.) have an important influence on catalyst performance. By optimizing the combination of carriers and active metals, the overall performance of the catalyst can be improved. In terms of reaction mechanism research, researchers continue to explore the process of methanation reactions in depth, which helps to design catalysts more accurately, improve their activity and selectivity, and thus meet the needs of different industrial applications.
Mergers and acquisitions of companies are relatively active in the methanation catalyst market. For example, Johnson Matthey acquired the assets and intellectual property rights of Oxis Energy Limited, a move that enables it to accelerate the development of its green hydrogen business and enhance its competitiveness in related fields. Through this acquisition, Johnson Matthey acquired assets that can be used for the manufacture of green hydrogen production components, further expanding its layout in the field of sustainable technologies.
Haldor Topsoe Holding A/S sold a minority stake to Temasek. With Temasek’s resources and insights in Asian growth and emerging markets, Haldor Topsoe can better explore new markets, enhance its global influence, and inject new vitality into its business development. BASF acquired a series of businesses and assets from Bayer, achieving strategic complementarity of business, entering new areas such as seeds, non-selective herbicides and nematicide seed treatment, enriching its product line and enhancing its comprehensive strength in the chemical industry.
4 Global Methanation Catalyst Market Size by Type
The Aluminum Oxide Carrier segment is expected to dominate the market in 2024, with a revenue of $292.63 million. This type of carrier is widely used due to its high performance and cost-effectiveness. Aluminum oxide carriers are particularly effective in purifying synthesis gas by removing impurities such as carbon monoxide (CO), hydrogen sulfide (H₂S), nitrogen oxides (NOₓ), and sulfur oxides (SOₓ). The high thermal stability and resistance to deactivation make aluminum oxide carriers a preferred choice in various industrial applications, including the production of synthetic natural gas (SNG) and the purification of synthesis gas.
The Composite Carrier and Others segment is projected to generate a revenue of $23.58 million in 2024. Composite carriers typically include materials such as activated carbon or diatomaceous earth, which offer unique properties for specific applications. These carriers are used in niche markets where specialized performance characteristics are required. For instance, composite carriers can provide enhanced selectivity and conversion rates in certain methanation processes, making them suitable for applications where high purity and efficiency are critical.
Table Global Methanation Catalyst Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
|---|---|
Aluminum Oxide Carrier | 292.63 |
Composite Carrier and Others | 23.58 |
5 Global Methanation Catalyst Market Size by Application
Synthetic Natural Gas (SNG) is expected to be the largest application segment in 2024, with a revenue of $160.70 million. SNG is produced through the methanation process, converting carbon oxides and hydrogen into methane. This synthetic gas is used as a substitute for natural gas, offering a cleaner and more sustainable energy source. The increasing demand for SNG is driven by the need to reduce greenhouse gas emissions and the growing focus on renewable energy sources. SNG can be produced from biomass, coal, or other feedstocks, making it a versatile and environmentally friendly alternative to traditional fossil fuels.
Synthesis Gas Purification is another significant application segment, projected to generate a revenue of $139.35 million in 2024. This application involves the removal of impurities such as carbon monoxide (CO) and hydrogen sulfide (H₂S) from synthesis gas. Purified synthesis gas is essential for various industrial processes, including the production of ammonia, methanol, and other chemicals. The demand for high-purity synthesis gas is driven by the need to improve process efficiency and reduce environmental impact. Methanation catalysts play a crucial role in this application by converting impurities into methane, thereby enhancing the overall quality of the gas.
Table Global Methanation Catalyst Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
|---|---|
Synthetic Natural Gas (SNG) | 160.70 |
Synthesis Gas Purification | 139.35 |
Others | 16.17 |
6 Global Methanation Catalyst Market Size by Region
North America is expected to have a market revenue of $86.75 million in 2024. The region’s market is driven by the established industrial base, particularly in the petrochemical and gas processing sectors. The United States and Canada are the main contributors to this revenue, with the U.S. accounting for a significant portion due to its extensive use of methanation catalysts in various industrial applications. The region’s focus on reducing greenhouse gas emissions and increasing the use of renewable energy sources is expected to further boost the demand for methanation catalysts.
Europe is projected to have a market revenue of $84.03 million in 2024. The region’s market is influenced by stringent environmental regulations and the increasing adoption of sustainable energy solutions. Countries such as Germany, France, and the UK are significant contributors to this revenue. The European market is characterized by a strong emphasis on reducing carbon emissions and improving energy efficiency, driving the demand for methanation catalysts in various industrial processes.
The Asia-Pacific region is expected to be the largest market in 2024, with a revenue of $113.79 million. The region’s rapid industrialization, particularly in countries such as China, Japan, and South Korea, is driving the demand for methanation catalysts. The increasing need for synthetic natural gas (SNG) and the purification of synthesis gas are key factors contributing to the region’s market growth. The Asia-Pacific region is also expected to benefit from advancements in technology and the increasing focus on sustainable energy solutions.
Latin America is projected to have a market revenue of $15.08 million in 2024. The region’s market is driven by the growing industrial sector and the increasing demand for natural gas and its derivatives. Countries such as Brazil and Mexico are significant contributors to this revenue. The region’s focus on reducing greenhouse gas emissions and improving energy efficiency is expected to further boost the demand for methanation catalysts.
The Middle East and Africa region is expected to have a market revenue of $16.56 million in 2024. The region’s market is influenced by the increasing demand for natural gas and the need to reduce greenhouse gas emissions. Countries such as Saudi Arabia, the UAE, and Turkey are significant contributors to this revenue. The region’s focus on sustainable energy solutions and the increasing adoption of renewable energy sources are expected to drive the demand for methanation catalysts.
Figure Global Methanation Catalyst Market Size (M USD) by Region in 2024
7 Global Methanation Catalyst Market Analysis by Major Players
Johnson Matthey
Company Profile
Johnson Matthey is a leading global company with a rich history dating back to 1817. Headquartered in the United Kingdom, Johnson Matthey has established itself as a premier producer of catalysts, precious metals, and specialty chemicals. The company operates through three main divisions: Environmental Technologies, Precious Metal Products, and Fine Chemicals. Johnson Matthey is renowned for its innovative and sustainable technologies, which are used in various industries worldwide.
Business Overview
Johnson Matthey’s business is centered around the development and production of high-performance catalysts and related products. The company’s Environmental Technologies division focuses on creating solutions that help reduce harmful emissions and improve air quality. This includes the production of methanation catalysts, which are used to purify synthesis gas and produce synthetic natural gas (SNG). Johnson Matthey’s commitment to sustainability and innovation has positioned it as a key player in the global methanation catalyst market.
Products Offered
Johnson Matthey offers a range of methanation catalysts, including the KATALCO 11-series. These catalysts are known for their high activity and robustness, making them suitable for various industrial applications. The KATALCO 11-4 and 11-4R catalysts, for example, are designed to provide high performance and stability in methanation processes. These products are used in the production of SNG, synthesis gas purification, and other applications where high efficiency and reliability are required.
Haldor Topsoe
Company Profile
Haldor Topsoe, founded in 1940 in Denmark, is a global leader in carbon reduction technologies. The company specializes in the production of heterogeneous catalysts and the design of process plants based on catalytic processes. Haldor Topsoe’s focus areas include heavy industry, long-haul transportation, and clean fuels. The company’s innovative approach and commitment to sustainability have earned it a strong reputation in the global market.
Business Overview
Haldor Topsoe’s business is built on a foundation of research and development, with a focus on creating sustainable solutions for various industries. The company’s Solid Oxide Electrolyzer Cell (SOEC) high-temperature electrolysis technology is a prime example of its commitment to innovation. Haldor Topsoe’s methanation catalysts are designed to provide high efficiency and selectivity, making them ideal for applications such as synthetic natural gas production and synthesis gas purification. The company’s strong R&D capabilities and strategic partnerships have positioned it as a key player in the methanation catalyst market.
Products Offered
Haldor Topsoe offers a variety of methanation catalysts, including the MCR-2 SNG methanation catalyst. This product is designed for medium to high-temperature applications in SNG plants and is known for its high activity and stability. The company also offers the PK-7R methanation catalyst, which is used for lower-temperature applications. These catalysts are designed to provide high conversion rates and selectivity, making them suitable for various industrial processes.
BASF
Company Profile
BASF, founded in 1865 in Germany, is one of the world’s largest chemical companies. The company operates in six main segments: chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF’s commitment to innovation and sustainability has positioned it as a leader in the global market. The company’s extensive product range and global presence make it a key player in various industries, including the methanation catalyst market.
Business Overview
BASF’s business is characterized by its diverse product portfolio and strong focus on innovation. The company’s methanation catalysts are designed to provide high performance and reliability in various industrial applications. BASF’s commitment to sustainability and environmental protection has led to the development of advanced catalysts that help reduce greenhouse gas emissions and improve process efficiency. The company’s global presence and extensive R&D capabilities have positioned it as a key player in the methanation catalyst market.
Products Offered
BASF offers a range of methanation catalysts, including the DeOxo™ E/R4871 catalyst. This product is designed for low-temperature methanation of hydrogen and carbon monoxide mixtures and is known for its high activity and stability. The DeOxo™ E/R4871 catalyst is used in various applications, including synthesis gas purification and the production of synthetic natural gas. BASF’s commitment to innovation and sustainability ensures that its products meet the highest standards of performance and reliability.