Global Precious Metal Catalysts Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global precious metal catalysts market in its upcoming report titled, “Global Precious Metal Catalysts Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global precious metal catalysts market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global precious metal catalysts market report has been segmented on the basis of type, end-use industry, and region.
Precious metal catalysts consists of highly dispersed nano-scale precious metal particles. These catalysts have several applications in a variety of industries such as refinery, petrochemicals, polymer, chemicals, pharmaceuticals, automotive, and environmental. These catalysts are primarily used for organic synthesis reactions. They are highly stable and do not easily form oxides by oxidation. They also do not readily dissolve in acid or alkaline solution and their melting point is significantly higher than that of base metals.
The global market is segmented on the basis of type, end-use industry, and region. On the basis of application, the automotive segment is expected to be the fastest-growing end-use sector over the next 10 years. This is attributed to the recently imposed emission standards to successfully remove toxic substances from car exhausts across Europe and North America.
Growing adoption of precious metal catalysts in automotive and pharmaceutical applications, coupled with environment concerns and their legal implications is the key factor fueling the growth of the global precious metal catalysts market. For example: Nissan has obtained a technology that makes use of precious metal catalysts in order to achieve efficiency similar to that of conventional catalysts in the exhaust cleaning of its cars. Increasing focus on R&D activities to reduce cost and increase efficiency of catalysts is expected to created lucrative opportunities for players in the market.
The Europe precious metal catalysts market is expected to witness significant growth with a CAGR of XX.X% over the forecast period. The market is Europe accounts for the largest share in the global market, owing to the introduction of stringent emission rules such as Euro 6 and Euro 7, which defines the limits for exhaust emissions for new vehicles that are sold in Europe. The market in North America too is expected to account for a significant share in the global market, owing to their well-established automotive and pharmaceuticals industries present in countries in the region. The market in North America, is followed by markets Asia Pacific, Latin America, and Middle East & Africa.
High manufacturing cost and fluctuating raw material prices are key factors hampering growth of the Global Wireless Microphone Market . The current trend observed in the market is increasing demand for flexible wearables, smart watches, and flexible displays, which is another factor expected to further support growth of the target market. Increasing adoption of flexible electronics in smart applications is expected to present lucrative business opportunity to major manufacturers and vendors in the global market over the next 10 years.
Global precious metal catalysts market segmentation:
Segmentation on the basis of type:
- Others (Gold and Silver)
Segmentation on the basis of end-use industry:
- Others (Chemicals and Refinery)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- BASF SE
- Evonik Industries AG
- Johnson Matthey Plc
- Heraeus Group
- Clariant International Ltd.
- Umicore SA
- Alfa Aesar
- Vineeth Precious Catalysts Pvt. Ltd.
- Kunming Sino- Platinum Metals Catalyst Co., Ltd.
- Catalytic Products International
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