Market Snapshot:
Ruthenium catalysis is known for its property as a powerful tool for selective catalysis in synthetic chemistry of such oxidative transformations as asymmetric epoxidation of the generation of dioxygen species, alkenes, oxidative dehydrogenation of alcohols, and dihydroxylation of olefins. Ruthenium catalysts are been widely employed in metathesis reactions with Grubbs′ catalysts which is one of the most well-known in the olefin metathesis field. The huge popularity of Grubb′s catalysts can be explained by the property as the high tolerance of various functional groups, and also their high stability in the plethora of solvents and air. Growing demand from the middle east region due to activities of high oil and gas exploration is creating an opportunity for the market. But the presence of alternative energy is creating hurdles for the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF (Germany), Evonik (Germany), Johnson Matthey (United Kingdom), Heraeus (Germany), Stanford Advanced Materials (United States), Vineeth Chemicals (India), Sigma-Aldrich (United States), Shanxi Kaida Chemcial (China), KaiDa Technology (United Kingdom) and Strem Chemicals (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Drivers
- High Properties Associated with the Ruthenium Catalyst
Opportunities
- Increasing the demand from Middle East Region due to High Oil and Gas Exploration Activities
Challenges
- Continuously Fluctuation in the Prices of Raw Material
The Ruthenium Catalyst market framework should serve as a basic structure to support the strategic decision-making process for Vendors. For instance, the question of whether a Vendors wants to expand in other areas of the market value chain would fundamentally determines its strategy.
1. What is the current setup of the Ruthenium Catalyst Industry, and what is its growth trajectory through 2027?
2. Trends that might impact the resulting strategic moves of the Vendors
3. How can Vendors take advantage of the changing market dynamics and capture new opportunities lying in Ruthenium Catalyst market?
The key Vendors profiled in the report are BASF (Germany), Evonik (Germany), Johnson Matthey (United Kingdom), Heraeus (Germany), Stanford Advanced Materials (United States), Vineeth Chemicals (India), Sigma-Aldrich (United States), Shanxi Kaida Chemcial (China), KaiDa Technology (United Kingdom) and Strem Chemicals (United States). Additionally, other players that are part of this comprehensive study are Springer (Switzerland).