Aluminium Nickel Catalyst Market to reach USD 1,592.9 million by 2029, size, share, Competitive Analysis

The aluminium nickel catalyst market is expected to witness market growth at a rate of 4.2% in the forecast period of 2022 to 2029 and is expected to reach USD 1,592.9 million by 2029. Data Bridge Market Research report on aluminium nickel catalyst market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the production of sorbitol and other compounds is escalating the growth of aluminium nickel catalyst market.

Aluminium nickel catalyst is also referred to as Raney nickel catalyst, which is an alloy of nickel and aluminium that is obtained in a powdered form in the company of concentrated sodium hydroxide solution. Aluminium nickel catalyst is commonly applied in the hydrogenation reaction of various functional groups and also in numerous other reactions such as reductive alkylation, reductive amination, and others.

 Major factors that are expected to boost the growth of the aluminium nickel catalyst market in the forecast period are the rise in the demand for hydrogenation reactions. Furthermore, the growing demand by the refinery industry, chemicals and the polymers industry are further anticipated to propel the growth of the aluminium nickel catalyst market. Moreover, the rising disposable incomes, and the increase in the automotive and construction industry is further estimated to cushion the growth of the aluminium nickel catalyst market. On the other hand, the brief shelf life is further projected to impede the growth of the aluminium nickel catalyst market in the timeline period.

In addition, the growing demand for advanced catalytic technologies and reactivation of spent raney nickel catalyst will further provide potential opportunities for the growth of the aluminium nickel catalyst market in the coming years. However, the volatility of the aluminium-nickel catalyst might further challenge the growth of the aluminium nickel catalyst market in the near future.

View DEtailed Analysis Report@ https://www.databridgemarketresearch.com/reports/global-aluminium-nickel-catalyst-market

Global Aluminium Nickel Catalyst Market Scope and Market Size

The aluminium nickel catalyst market is segmented on the basis of type, application and industry vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

On the basis of type, the aluminium nickel catalyst market is segmented into activated and non-activated.
On the basis of application, the aluminium nickel catalyst market is segmented into hydrogenation, desulfurization and dehydrogenation.
On the basis of industry vertical, the aluminium nickel catalyst market is segmented into refinery industry, chemical industry and others.

Some of the major players operating in the X-ray fluorescence (XRF) market are :

Alfa Aesar, Thermo Fisher Scientific, Axens, BASF SE, Clariant, Evonik Industries AG, Haldor Topsoe, Johnson Matthey, Merck KGaA, Vineeth Precious Catalysts Pvt Ltd., W. R. Grace & Co.-Conn., Sigma-Aldrich Co, and Greenwell Ingredients Sdn. Bhd., among others.

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