COVID-19 Impact on Skeletal Nickel Catalyst Market

  • The COVID-19 outbreak has hindered the demand for skeletal nickel catalyst. Governments of various countries across the globe enforced lockdown measures to curb the spread of the coronavirus. This resulted in slowdown and even halt in manufacturing operations, as well as social activities.
  • China is one of the biggest consumers of skeletal nickel catalyst, as the country has a prominent chemical industry as well as oil refineries. The COVID-19 disease started in China. Thus, strict lockdowns were imposed in the country to stop its spread. Trade activities with China were severely affected, which resulted in disruption in supply and demand. This also adversely affected the global skeletal nickel catalyst market.
  • People were stuck at their homes due to lockdowns and movement restrictions. Vehicle usage was minimal for a long time, which affected the demand for fuel throughout the world. Skeletal nickel catalyst is used in refining crude oil. Thus, decrease in vehicle usage negatively affected the skeletal nickel catalyst market.

Key Drivers of Skeletal Nickel Catalyst Market

  • Skeletal nickel catalyst has major applications in the petroleum industry for refining crude oil to form petroleum products such as petrol, diesel, and synthetic natural gas. Demand for fuel is expected to rise due to the increase in energy needs around the world and growth in number of vehicles in developing countries. This is expected to boost the demand for skeletal nickel catalyst.
  • Skeletal nickel catalyst is also sued in the chemical industry in various hydrogenation, desulfurization, and reduction reactions. It is one of the preferred catalysts due to its heat stability and excellent catalyst properties. Rise in demand from the chemical industry is also likely to act as a driving factor for the skeletal nickel catalyst market.

Restraints of Skeletal Nickel Catalyst Market

  • Skeletal nickel catalyst has pollutant-producing characteristics. The skeletal nickel catalyst market is estimated to face some challenges owing to the rise in concerns about pollution and environmental sustainability.

Asia Pacific to Constitute Significant Share of Global Skeletal Nickel Catalyst Market

  • In terms of region, the global skeletal nickel catalyst market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to dominate the skeletal nickel catalyst market, as demand for skeletal nickel is driven by the growth in the chemical industry. China and India, due to increasing industrialization and growing chemical industry, are the leading consumers of skeletal nickel catalyst. The pharmaceutical industry in Asia Pacific is also one of the key consumers of skeletal nickel catalyst.
  • Europe is also a key consumer of skeletal nickel catalyst. Petroleum along with chemicals and agrochemicals industries is expected to generate continuous demand for skeletal nickel catalyst in the region.

Competitive Landscape of Global Skeletal Nickel Catalyst Market

The skeletal nickel catalyst market has been expanding significantly over the last few years. Major players dominate the market. Some of the key players are as follows:

  • BASF
  • Alfa Aesar
  • Evonik Industries
  • Johnson Matthey
  • W. R. Grace & Co.
  • Vineeth Chemicals
  • Sigma Aldrich

Global Skeletal Nickel Catalyst Market: Research Scope

Global Skeletal Nickel Catalyst Market, by Product Type

  • Activated
  • Non-activated

Global Skeletal Nickel Catalyst Market, by End-use Industry

  • Refining
  • Chemical
  • Others

Global Skeletal Nickel Catalyst Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Korea
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Skeletal Nickel Catalyst Market Introduction

  • Skeletal nickel, also known as Raney nickel or spongy nickel, is a solid substance that is obtained from nickel and aluminum alloys. It is used as reagent and catalyst in many hydrogenation reactions in organic chemicals.
  • Skeletal nickel is used as a catalyst in the refining process as well as manufacture of chemicals such as sorbitol. It was developed as an alternative catalyst for hydrogenation of vegetable oil in industrial processes. It is also used as desulfurization agent in Mozingo reduction.

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Skeletal Nickel Catalyst Market