The newly Precious Metal Catalyst market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Precious metal catalysts are noble metals widely used in the chemical industry owing to their ability to speed up the chemical process. Most commonly used precious metal includes platinum, palladium, rhodium, and silver among others. Precious metal catalysts are those which consist of highly dispersed nano-scale precious metal particles supported on a high surface area such as carbon, silica, and alumina. These catalysts have several applications in a variety of industries. Each precious metal catalyst has unique characteristics. These catalysts are primarily used for organic synthesis reactions.
On the basis of products, the various types include Iridium Catalysts, Palladium Catalysts, Platinum Catalysts, Ruthenium Catalysts, and Rhodium Catalysts. The Platinum Catalysts segment is expected to dominate the market in the forecast period. On the basis of application, the Precious Metal Catalyst market is segmented into Automobile, Pharmaceutical, and Refinery. The Automobile segment held the largest market share in 2018 and is anticipated to show high growth in the following years. This can be attributed to the rising stringent emission standards and the growing automotive industry.
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Market Insights
According to a new research study, the Precious Metal Catalyst market size is expected to reach USD 28,063 million by 2026 from USD 18,602 million in 2019, with a compound annual growth rate of 6.05% during the forecast period. The growth can be mainly attributed to advancements in technology and the high efficiency of precious metal catalysts. Growth in demand in automobile and pharmaceutical applications, as well as environmental concerns and their legal implications, will also boost the growth of the market. The increase in R&D activities by companies to reduce costs and improve the quality of catalysts couple with the rise in investments in the automobile sector may provide some opportunities for the growth of the Precious Metal Catalyst market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
North America is the global market leader at a share of 30.24% due to the reviving automotive industry with an increasing demand for lightweight vehicles. Europe is the second largest market with a share of 29.67%, followed by Asia-Pacific, accounting for 28.75%. Government strict emission standards and growth in end-use industries such as automobiles, refining, pharmaceuticals, and petrochemicals are expected to promote the growth of the market in Europe. The market in the region is growing rapidly due to the presence of many leading companies. Asia-Pacific is anticipated to experience the fast-growing rate over the estimated timeframe. The growth of the automotive industry and strict emission standards lead to an increase in demand for precious metal catalysts, thus propelling the growth of the market in this region.
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Competitive Players
The Precious Metal Catalyst market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Basf, Evonik, Johnson Matthey, Heraeus, and Stanford Advanced Materials. Other prominent vendors in the market are Vineeth Chemicals, Xi'an Catalyst Chemical Co., Ltd, Shaanxi Kai da Chemical Co., Ltd, Kai Da Technology Ltd., and others.
Target Audience for this Report
l Precious Metal Catalyst manufacturers
l Precious Metal Catalyst importers and exporters
l Precious Metal Catalyst traders, distributors, and suppliers
l Raw material suppliers of Precious Metal Catalyst
l Precious Metal Catalyst industry associations
l Product managers, Precious Metal Catalyst industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Research & Clinical Laboratories
l Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Precious Metal Catalyst Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Precious Metal Catalyst Market by Types
4 Segmentation of Precious Metal Catalyst Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Precious Metal Catalyst Market in Major Countries
7 North America Precious Metal Catalyst Landscape Analysis
8 Europe Precious Metal Catalyst Landscape Analysis
9 Asia Pacific Precious Metal Catalyst Landscape Analysis
10 Latin America, Middle East & Africa Precious Metal Catalyst Landscape Analysis
11 Major Players Profile
11.1 Basf
11.1.1 Basf Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Evonik
11.3 Johnson Matthey
11.4 Heraeus
11.5 Stanford Advanced Materials
11.6 Vineeth Chemicals
11.7 Xi'an Catalyst Chemical Co., Ltd
11.8 Shaanxi Kai da Chemical Co., Ltd
11.9 Kai Da Technology Ltd.
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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