JOHNSON MATTHEY Company Analysis : Potential Opportunities, Latest Industry Developments, Key Products & Technologies

Johnson Matthey is a specialty chemicals business group operating primarily in Europe, North America, and the APAC. It majorly operates in industries, such as Specialty Chemicals, Ceramics & Glass, Resins & Polymers, and more.

Johnson Matthey operates in markets such as Sustainable Aviation Fuel Market (growing at 72.4% CAGR), Emission Control Catalysts Market (growing at 6.9% CAGR), and 3D Printing Ceramics Market (27.0% CAGR).

Apart from these, Johnson Matthey also operates in markets such as Shape Memory Alloys Market (market size $9.95 Bn in 2020, growing 11.2% CAGR), E-Bike Market (market size $42.39 Bn in 2020, growing at 11.1% CAGR), Piezoelectric Devices Market (market size $33.94 Bn in 2020, growing at 4.3% CAGR), and Battery Management System Market (market size $6.18 Bn in 2020, growing at 19.5% CAGR).

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Johnson Matthey High-Growth Opportunities across Industry Segments

Top Hot bets for Johnson Matthey in Specialty Chemicals Industry –
• Emission Control Catalysts Market - valued at $40.07 Bn in 2020 globally, growing at 6.9% CAGR
• Refinery Catalysts Market - valued at $4.07 Bn in 2020 globally, growing at 2.9% CAGR

Top Hot bets for Johnson Matthey in Ceramic & Glass Industry –
• 3D Printing Ceramics Market – valued at $0.12 Bn market globally, growing at 27% CAGR

Top Hot bets for Johnson Matthey in Resins & Polymers Industry –
• Industrial Absorbents Market – valued at $4.05 Bn market globally, growing at 5.1% CAGR

Top Hot bets for Johnson Matthey in Mining, Minerals & Materials Industry –
• Precious Metals E-Waste Recovery Market – valued at $9.42 Bn market globally, growing at 4.6% CAGR

Top Hot bets for Johnson Matthey in Equipment Machine and Tooling Industry –
• Shape Memory Alloys Market – valued at $9.95 Bn in 2020 globally, growing at 11.2% CAGR

Potential Growth Opportunities for Johnson Matthey

The most promising adjacent market opportunities for Johnson Matthey to potentially exploit for long-term revenue growth are –
• Battery Energy Storage System Market with a global market opportunity of $12.1 Bn by 2025, growing at a CAGR of 32.8%
• 3D Printing Metals Market with a global market opportunity of $4.19 Bn by 2025, growing at a CAGR of 32.5%
• Solid Oxide Fuel Cell Market with a global market opportunity of $2.88 Bn by 2025, growing at a CAGR of 30.1%
• Aerospace 3D Printing Market with a global market opportunity of $6.32 Bn by 2025, growing at a CAGR of 27.4%
• Military 3D Printing Market with a global market opportunity of $4.59 Bn by 2025, growing at a CAGR of 28.3%
• 3D Printing Filament Market with a global market opportunity of $2.55 Bn by 2025, growing at a CAGR of 28.1%
• 3D Printing Plastics Market with a global market opportunity of $3.13 Bn by 2025, growing at a CAGR of 26.1%
• Fuel Cells Market with a global market opportunity of $0.85 Bn by 2025, growing at a CAGR of 28.4%
• 3D Printing Materials Market with a global market opportunity of $4.5 Bn by 2025, growing at a CAGR of 23.5%
• Construction Equipment Market with a global market opportunity of $241.23 Bn by 2025, growing at a CAGR of 3.8%
• Lithium-Ion Battery Market with a global market opportunity of $65.28 Bn by 2025, growing at a CAGR of 12.3%
• Micro-battery Market with a global market opportunity of $0.7 Bn by 2025, growing at a CAGR of 20.9%
• 3D Printing Market with a global market opportunity of $28.41 Bn by 2025, growing at a CAGR of 22.5%
• Bioplastics & Biopolymers Market with a global market opportunity of $24.21 Bn by 2025, growing at a CAGR of 22.7%

Strategies implemented by Johnson Matthey for growth in Sustainable Aviation Fuel Market

Johnson Matthey is a global leader in sustainable technologies that leverage innovative science to create solutions that make a difference to the world. The company’s sustainable business framework is all about embedding the vision for a cleaner, healthier world through all aspects of its business and supply chains. The company operates through four business segments, namely, clean air, efficient natural resources, health, and new market.

With fluctuating economics for oil and greater impetus on more sustainable technologies and circular thinking, Johnson Matthey and BP saw a new application for FT technology by converting everyday household waste into high-grade aviation fuel. The upgraded technology consists of a novel reactor technology and a high activity catalyst at its core, which ensures that turning waste into jet fuel is a significant step toward sustainable aviation fuel production. The new process is three times more productive than traditional technology and requires only half the capital expenditure.

Strategies implemented by Johnson Matthey for growth in 3D Printing Ceramics Market

Johnson Matthey is engaged in developing and creating a wide range of solutions by applying its scientific expertise for clear air and improved health. Its products have multiple applications in automotive, chemical, medical & pharmaceutical, and other industries. The company offers 3D printing ceramic additive manufacturing products through its precious metal products segment. Johnson Matthey has a wide geographical presence. The company has 43 major manufacturing sites across the world, including Argentina, Australia, Brazil, Belgium, Canada, and China.

Strategies implemented by Johnson Matthey for growth in Emission Control Catalysts Market

Johnson Matthey is a specialty chemicals business group operating primarily in Europe, North America, and the APAC. The company is a leading manufacturer and technology provider of efficient ECC in the world. It operates through four business segments, clean air, efficient natural resources, new market, and health. It provides ECCs under the clean air business segment. The company manufactures catalysts for vehicle exhaust emission control and catalytic systems for the reduction of emissions from industrial processes. It focuses on the development of ECCs for automotive such as gasoline and diesel operated cars, bus, trucks, and other vehicles, and the energy generation segment with 15 dedicated manufacturing plants for ECCs. The company has a presence in more than 30 countries, with 43 manufacturing facilities in North America, Europe, Africa, and the APAC.

STRATEGIC CHOICES MADE

The company has adopted various strategies to expand its ECC business across the globe. Its strategies majorly include new product launches, expansions, and acquisitions. The company has expanded its production capacity for ECC in recent years. The expansion will help the company to increase production and meet the requirements of China’s auto market. This will offer Johnson Matthey a competitive advantage over other players. However, the company has witnessed a sales decline of 7% in 2020 under the clean air segment primarily due to lower sales during the COVID-19 pandemic. But it has started recovering with an increase in sales by 16% as demand is increasing.

WEAKNESSES AND COMPETITIVE THREATS

Johnson Matthey is one of the leading players in the ECC market. However, the company is over-dependent upon the automotive catalyst. The other leading players such as BASF Catalyst, Umicore, and Cataler are involved in the production of stationary and automotive ECCs. As sustainability is a major challenge for most organizations, the company has to undertake efforts on the development of other types of ECCs.

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This release was published on openPR.