Precious metal catalysts refer to catalysts containing noble metals like platinum, palladium, gold, and silver. These catalysts play a crucial role in various chemical processes, promoting reactions with high efficiency and selectivity. Their unique properties make them valuable in industries such as catalysis, pharmaceuticals, and environmental applications, contributing to sustainable and efficient chemical transformations.
The report “Precious Metal Catalysts Market by Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium) End-use Industry (Automobile, Pharmaceutical, Refinery), and Region – Global Forecast to 2022″, size was estimated to grow from USD 14.37 Billion in 2017 to USD 19.41 Billion by 2022, at a CAGR of 6.19%.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166753795
“The platinum catalyst segment is projected to dominate the market in the precious metal catalysts market”
The platinum catalyst category is likely to dominate the precious metal catalysts market. This dominance reflects platinum catalysts’ substantial significance in numerous industries, demonstrating their broad use and effectiveness in catalyzing varied chemical processes. The market projection emphasizes platinum’s lasting importance as a catalyst, highlighting its continued ubiquity and impact within the broader precious metal catalysts industry.
“The automobile sector is projected to grow at the highest rate during the forecast period”
The precious metal catalysts market is expected to develop at the fastest rate in the car sector during the projected period. This forecast reflects the rising demand for precious metal catalysts like platinum and palladium in automotive applications. These catalysts serve a critical role in pollution control systems, aiding the industry’s transition to cleaner, more sustainable technologies. The increased growth rate emphasizes the vital significance of precious metal catalysts in addressing environmental laws and moving the automobile industry toward greener, more efficient solutions.
“European precious metal catalysts market accounted for the largest share”
Throughout the projected period, the European region is anticipated to dominate the precious metal catalysts market, with the biggest market share. This highlights the region’s important role in the adoption and application of precious metal catalysts across a variety of sectors. Environmental restrictions, an emphasis on sustainable practices, and a strong industrial infrastructure may all contribute to its supremacy. The prediction illustrates Europe’s continuous dominance in the precious metal catalysts market, with implications for future growth and influence in the global environment.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=166753795
The major players in the precious metal catalysts market include BASF SE (Germany), Evonik Industries AG (Germany), Johnson Matthey Plc (U.K.), Heraeus Group (U.K.), Clariant International Ltd (Switzerland), Umicore SA (Belgium), Alfa Aesar (U.S.), Vineeth Precious Catalysts Pvt. Ltd. (India) and others.
Read Our Trending Press Release Below:
Microfiltration Membranes Market – Global Forecast to 2027
Glass Fiber Yarn Market – Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
