Raney Nickel Catalyst Market Reach 739.80 Million USD in 2023 with Growth rate of 2.72%
The Global Raney nickel catalyst market was valued to be 629.64 million USD in 2017 with the production of 27,916 tons. The Raney nickel catalyst production value is anticipated to have a growth with the CAGR of 2.72% in the coming years to reach 739.80 million USD in 2023. The Growth of Raney nickel catalyst Market was mainly drived by it application in hydrogenation reaction catalyst and desulfurization agent.
Raney Nickel is a solid catalyst composed of fine grains of a nickel-aluminium alloy, used in many industrial processes. It was developed in 1926 by American engineer Murray Raney as an alternative catalyst for the hydrogenation of vegetable oils in industrial processes. More recently it is used as a heterogeneous catalyst in a variety of organic syntheses, most commonly for hydrogenation reactions.[1]
A variety of grades is known, but most are gray solids. Some are pyrophoric; most are used as air-stable slurries. [2] Raney Nickel is produced when a block of nickel-aluminium alloy is treated with concentrated sodium hydroxide. This treatment, called "activation", dissolves most of the aluminium out of the alloy. The porous structure left behind has a large surface area, which gives high catalytic activity. A typical catalyst is around 85-percent nickel by mass, corresponding to about two atoms of nickel for every atom of aluminium.
Grace, BASF, Evonik, Haldor Topsoe, Johnson Matthey, Axens and Xinyijin Toyounger are the major international players in the market of Raney nickel catalyst industry. The reason why these companies dominate the market is their production technological advantages, their long-term presence in the market, the relationships they have developed with downstream users over a long period of time and the brand name recognition they enjoy.
Raney nickel catalyst market Challenges:
1 There is certain environmental pollution in the nickel production process of Raney nickel catalyst. The operating rate and production cost will inevitably be affected by the environmental policy, especially in China.
2 As the main raw material of the Raney nickel catalyst, the supply and price of nickel may affect the Raney nickel catalyst market.
3 There may be certain brand effect in the Raney nickel catalyst market, and the end users typically maintain a long-term and stable cooperative relationship with upstream suppliers, which is not conducive to other producers to develop new customers.
4 Fluctuation of the United States dollar and other foreign currencies may affect the competitiveness of domestic manufacturers.
5 The development of Raney nickel catalyst industry may be negatively affected by many unpredictable factors such as strengthening government regulations, elevating product qualities, price fluctuations, and trade protections.
Raney nickel catalyst market Important News:
1 Dutch firm signs catalyst recycling agreement in US (Feb 22, 2018) [3]
Amsterdam-based AMG Advanced Metallurgical Group N.V. has announced its AMG Vanadium division has signed a long-term multiyear agreement with an existing customer to process and recycle spent catalysts from an oil refinery in North America.
2 Investment in Evonik Catalysts Plant In Calvert City (Jun 26, 2018) [4]
The Evonik Business Line Catalysts (KA) extended its long-term partnership with a global leader in refinery catalysts. Evonik manufactures their state of the art hydroprocessing catalysts in its plant in Calvert City, Kentucky. Based on that long-term partnership, the partner company invested in capacity expansion in Calvert City to produce its newest generation of catalysts and to increase overall capacity. “This investment demonstrates the high expertise of the Business Line in efficient operations and custom manufacturing of state of the art custom catalysts. Furthermore it underlines the commitment of both parties for the future”, says Dr. Oliver Meyer, Vice President Catalysts Americas.
3 Evonik Successfully Completes the Acquisition of Monarch Catalyst in India (June 8, 2015) [5]
Evonik Industries AG, Essen (Germany) announces the successful completion of the acquisition of Monarch Catalyst Pvt. Ltd., Dombivli (India) on June 5th, 2015. An agreement to acquire Monarch Catalyst had been announced in March 2015, subject to certain closing conditions. The company employs approximately 300 employees and will be renamed to Evonik Catalysts India Pvt. Ltd. All of Evonik’s future catalyst activities in India will be operated through the newly acquired company. The parties have agreed to keep the purchase price confidential.
Evonik with its Business Line Catalysts is a global leader in producing specialty catalysts, custom catalysts and catalysts components for the Life Sciences & Fine Chemicals, Industrial & Petrochemical and Polyolefines market segments. Monarch’s global activities in oils & fats hydrogenation catalysts range is a broadening of the Evonik catalysts portfolio. The activated base metal catalysts and precious metal catalysts portfolio strengthens Evonik’s positions in India and the Asia region. Monarch’s existing customer base will continued to be served through the established sales channels.
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Further key findings from the study suggest:
1 Raney nickel catalyst is widely applied in many kinds of catalytic hydrogenation and desulfurization process, which will further increase the consumption of Raney nickel catalyst.
2 China has mastered the production technology of fixed bed Raney nickel catalyst and foreign companies may raise their purchase share in China due to the advantage of production cost.
3 Although there are some alternatives, the relatively low price makes Raney nickel catalyst more competitive.
4 Currently, as the manufacturing technologies of Raney nickel catalyst become increasingly mature, the production costs of high-quality Raney nickel catalyst will decrease.
In the end, although there are a lot of opportunities in the Raney nickel catalyst industry, Prof Research team recommends that new manufacturers who don’t have either technical advantages or downstream demand support to be extremely discreet when deciding getting into this industry.
Prof Research has segmented the global Raney nickel catalyst market on the basis of manufactuers, classification, application, end use, and region:
Raney nickel catalyst Manufactuers Outlook (Revenue, USD Million, 2013 - 2023)
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Raney nickel catalyst classification Outlook (Revenue, USD Million, 2013 - 2023)
Table General Classification of Raney Nickel Catalyst
Classification | Description |
By Activation | Raney Nickel Catalyst (Inactive) |
Raney Nickel Catalyst (Active) | |
By State/Form | Slurry Form Raney Nickel Catalyst |
Powder Raney Nickel Catalyst | |
Fixed-bed Raney Nickel Catalyst |
Source: Prof Research
Raney nickel catalyst Application Outlook (Revenue, USD Million, 2013 - 2023)
Industrial
A practical example of the use of Raney nickel catalyst in industry is shown in the following reaction, where benzene is reduced to cyclohexane. The cyclohexane thus produced may be used in the synthesis of adipic acid, a raw material used in the industrial production of polyamides such as nylon.
Organic Synthesis
1) Desulfurization
Raney nickel catalyst is used in organic synthesis for desulfurization. For example, thioacetals will be reduced to hydrocarbons in the last step of the Mozingo reduction.
2) Reduction of functional groups
It is typically used in the reduction of compounds with multiple bonds, such as alkynes, alkenes, nitriles, dienes, aromatics and carbonyl-containing compounds. Additionally, Raney nickel catalyst will reduce heteroatom-heteroatom bonds, such as hydrazines, nitro groups, and nitrosamines. It has also found use in the reductive alkylation of amines and the amination of alcohols.
Raney nickel catalyst Regional Outlook (Revenue, USD Million, 2013 - 2023)
North America
U.S.
Canada
Europe
Germany
U.K.
Asia Pacific
Japan
China
Latin America
Brazil
Mexico
Middle East and Africa
South Africa
- Middle East
References:
[1]https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/r/Raney_nickel.htm
[2]https://www.indiamart.com/proddetail/raney-nickel-4868931397.html
[3]http://www.recyclingtoday.com/article/ferrovanadium-catalyst-recycling-usa-ohio-amg/
[4]http://corporate.evonik.com/en/media/press_releases/pages/news-details.aspx?NewsId=75430
[5]https://corporate.evonik.com/EN/MEDIA/PRESS_RELEASES/Pages/news-details.aspx?newsid=52390