Inclusive study on Precious Metal Catalysts Market to Attractive Growth by 2027
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Precious Metal Catalysts -Market Taxonomy
On the basis of product type, the global precious metal catalyst market is segmented into:
On the basis of end user, the global precious metal catalyst market is segmented into:
Platinum catalyst is widely used in automobile sector thereby making it the most commonly used precious metal catalyst owing to the stringent environmental requirements.
Precious Metal Catalysts -Market Outlook
Europe is the largest market for precious metal catalysts, owing to the introduction of stringent emission rules such as Euro 6 and Euro 7 which defines the limits for exhaust emission for new vehicles that are sold in Europe.
Key Players in the Global Precious Metal Catalyst Market
The companies are adopting various strategies such as mergers and acquisitions to sustain their market positions. For instance, in March 2015, Monarch Catalysts Pvt. Ltd. acquired Evonik Industries AG. Some of the key players operating in the global precious metal catalyst market include Alfa Aesar, BASF SE, Clariant International Ltd, Evonik Industries AG, Heraeus Group, Johnson Matthey Plc, Umicore SA, and Vineeth Precious Catalysts Pvt. Ltd.
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