Precious Metal Catalysts Market Scope
Precious metal catalysts are components of a catalytic converter which is usually platinum along with palladium, rhodium, iridium, ruthenium, and others. These metals have a broad range of applications in addition to catalytic converters, it is also known as a noble metal catalyst and possess an incompletely filled d-orbital to withdraw electrons. These catalysts are stable and are not easily oxides by oxidation, it also has high thermal stability of the precious metal catalyst which are widely used in the range of applications such as agrochemicals, pharmaceuticals, chemicals, material sciences, and others.
According to AMA, the Global Precious Metal Catalysts market is expected to see growth rate of 20.3% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Precious Metal Catalysts market throughout the predicted period.
Evonik Industries AG (Germany), BASF SE (Germany), Johnson Matthey Plc (United Kingdom), Heraeus Group (United Kingdom), Clariant International Ltd (Switzerland), Alfa Chemistry (United States), Major Precious Metals Corp. (Canada), Umicore SA (Belgium), Alfa Aesar (United States) and Vineeth Precious Catalysts Pvt. Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Precious Metal Catalysts market by Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium and Others), by Application (Aircraft Cabins and Fuel Inerting) and Region with country level break-up.
On the basis of geography, the market of Precious Metal Catalysts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Usage of Platinum and Rhodium in the Precious Metal Catalysts
Market Growth Drivers:
Demand for the High Thermal Stability in Automotive Exhaust Gas Purification and Increasing Demand for the Chemical Processes in Variosu Range of Industry and Applications
Challenges:
Stringent Regulatory Guidelines on the Production of Precious Metal Catalysts
Restraints:
Toxicity Related Problems with the Precious Metal Catalysts and High Cost Associated with the Precious Metal Catalysts
Opportunities:
Surging Demand for the Precious Metal Catalysts in the Aircraft Industry and Rising Catalyst Manufacturing in the Developing Nations will Boost the Precious Metal Catalysts
Market Leaders and their Expansionary Development Strategies
On 27th November 2020, Major Precious Metals Corp. is pleased to announce that it has completed the acquisition of a one-hundred-percent interest in the Skaergaard Project located on the east coast of Greenland. and The acquisition was completed pursuant to the terms of a definitive purchase agreement entered into with Platina Resources Ltd.
On 10th March 2020, BASF launches a new Tri-Metal Catalyst, developed in collaboration with and sponsored by Sibanye-Stillwater and Impala Platinum. Adoption of the Tri-Metal Catalyst can reduce catalytic converter costs for automakers and partially rebalance market demand for PGMs, thereby enhancing PGM market sustainability.
Key Target Audience
Precious Metal Catalysts Manufacturers, Precious Metal Catalysts Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.