openPR Logo
Press release

Precious Metal Catalysts Market By Product Type, and End-User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

02-27-2018 02:21 PM CET | Industry, Real Estate & Construction

Press release from: CMI-Research Reports

Precious Metal Catalysts Market By Product Type, and End-User -

Precious metals such as palladium and platinum are applied to carrier material to get precious metal catalysts. The commonly used carrier materials are aluminum oxide or active carbon. Precious metal catalysts have a wide range of applications such as it is used as a catalytic convertor in automobile industry. Catalytic convertor is used to convert toxic vehicle emissions into less toxic pollutants. Platinum, palladium, and rhodium are the commonly used precious metals in catalytic convertors. In pharmaceutical industries, synthesis of many active pharmaceutical ingredients such as acetaminophen, L-dopa, carbapenam, and tetracycline is done in the presence of precious metal catalysts. These catalysts are used in preparation of bulk chemicals such as ammonia, hydrogen peroxide, phenols, and anilines. They are also used in the synthesis of polymers such as vinyl chloride, methyl methacrylate, and synthetic fibers such as nylon and polyester. Furthermore, they are used in hydrocarbon processing. For instances, platinum on alumina base is used for production of high-octane gasoline while platinum and palladium impregnated on silica-alumina base is used in the process for hydrocracking in refineries. They are used in petrochemical industries in the process of hydro purification. Precious metal catalysts are also used to reduce Emissions of Volatile Organic Compounds (VOCs) in refineries. The demand for precious metal catalysts is increasing owing to its applications in various industries and strict pollution control regulations.

Request a sample copy of this report:
https://www.coherentmarketinsights.com/insight/request-sample/824

The high cost, thermal degradation, and loss of activity due to poisoning are some of the factors hindering the growth of the global precious metal catalyst market.

Precious Metal Catalysts -Market Taxonomy

On the basis of product type, the global precious metal catalyst market is segmented into:
Iridium
Palladium
Platinum
Ruthenium
Rhodium
Gold
Silver
Others
On the basis of end user, the global precious metal catalyst market is segmented into:
Automobiles
Pharmaceuticals
Refinery
Petrochemicals
Others
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.
Precious metal catalyst market is growing rapidly in Asia Pacific, owing to the growth in pharmaceutical and automobile industries. According to India Brand Equity Foundation (IBEF), trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India the pharmaceutical industry in India is estimated to grow to US$ 100 billion by 2025. Also, various investment plans by automobile manufacturers such as US$ 1 billion investment by 2020 by General Motors in India, will increase the demand for precious metals. Furthermore, the booming demand for automobile and pharmaceutical industry in China will contribute to the market growth.

The global pharmaceutical share of USA is estimated to reach 41% by 2020 as predicted by International Federation of Pharmaceutical Manufactures and Associations (IFPMA) which represents pharmaceutical companies and associations of the world. Furthermore, USA has many automobile manufacturing industries which have transmission and engine plants, and conduct testing and research and development activities. Thus, USA has significant demand for precious metal catalyst.

The pharmaceutical, automobile, and petrochemical industries are growing in Latin America which, in turn, is increasing the demand for precious metal catalysts.
In Middle East, the growing demand for automobiles in UAE and Saudi Arabia is rising the demand for precious metal catalysts.

The pharmaceutical industry in Africa is expected to grow, owing to the growing urbanization, increased awareness about health, and supportive government policies which, in turn, will increase the demand for precious metal catalyst.
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.

To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/ongoing-insight/precious-metal-catalysts-market-824

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Precious Metal Catalysts Market By Product Type, and End-User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25 here

News-ID: 959804 • Views:

More Releases from CMI-Research Reports

Corrosion Resistant Resin Market - Global Industry Insights Opportunity Analysis, 2018-2026
Corrosion Resistant Resin Market - Global Industry Insights Opportunity Analysis …
Resin is highly viscous or solid substance which can be natural or of synthetic origin. Corrosion resistance resins are mainly formulated as isophthalic, vinyl ester, and terephthalic resins to impart desired property of corrosion resistance. They have application in oil & gas, automotive, and marine industries However, corrosion is major challenges faced by manufactures operating in these industries, as it leads to high monetary and property losses across the aforementioned
Textile Packaging Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
Textile Packaging Market - Global Industry Insights, Trends, Outlook, and Opport …
Packaging textiles comprise all types of textile packing material for industrial, agricultural, and other goods. Textiles are usually preferred as packing materials, where scratch free and safe handling of materials is expected. Textile bags are extensively used for tea packaging. Non-woven textiles offer supreme abrasion resistance, good barrier performance, balanced waterproof properties and air-permeability, excellent tearing and tensile strength, highly uniformed appearance. Soft luggage bags such as totes, duffle, uprights, and
Increasing Electrical and Electronics Industry Growth Leading to Augmented Demand for Gaffers Tape
Increasing Electrical and Electronics Industry Growth Leading to Augmented Deman …
Gaffers Tape Market Outlook - Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth
Polyvinylidene Fluoride (PVDF) Market - Global Industry Insights, Opportunity Analysis, 2018–2026
Polyvinylidene Fluoride (PVDF) Market - Global Industry Insights, Opportunity An …
Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is chemically inert to most alcohols, acids, aromatic and aliphatic organic compounds, and chlorinated solvents. It offers properties such as low coefficient of friction, excellent intrinsic fire resistance, operability over a wide range of temperatures, good resistance to UV and radiation, capability for thermoforming, and can be easily joined by welding. Polyvinylidene fluoride is processed by various methods such as

All 5 Releases


More Releases for Precious

Colloidal Precious Metals Market Trends, Size & Forecast 2025-2032 | Nanomateria …
The Colloidal Precious Metals industry has witnessed accelerated innovation driven by applications spanning medical, electronic, and chemical sectors. Recent advancements in nanotechnology and catalytic efficiency have propelled the adoption of colloidal precious metals in high-value manufacturing and healthcare products, contributing to dynamic shifts within the industry. The Global Colloidal Precious Metals Market size is estimated to be valued at USD 2.8 billion in 2025 and is expected to reach USD
Discover MyRatna's Latest Collection of Precious Gemstones
MyRatna, India's trusted name in 100% original and lab-certified gemstones, proudly unveils its latest collection of premium precious gemstones, including the stunning Pukhraj (Yellow Sapphire), vibrant Panna (Emerald), and powerful Neelam (Blue Sapphire) stones. With a perfect fusion of Vedic tradition and royal Rajasthani craftsmanship, this collection also celebrates the art of Mewar Gem Art - a heritage style known for intricate detailing and timeless beauty. Highlights of the New Collection: 🔸
Global Precious Metal Recovery And Refining Market Size by Application, Type, an …
USA, New Jersey- According to Market Research Intellect, the global Precious Metal Recovery And Refining market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. Driven by rising demand for gold, silver, platinum, and palladium across electronics, automotive, and jewelry sectors, the precious metal recovery and refining
Precious Metal Market Scope and Competitive Analysis Forecast through 2024-2031 …
The Precious Metal Market study by DataM Intelligence provides a comprehensive analysis of the market, delivering valuable insights, detailed statistics, historical trends, and industry-backed market data. The report explores the competitive landscape, focusing on key players in the industry. It evaluates aspects such as product offerings, pricing models, financial performance, product portfolios, growth strategies, and regional expansion to offer a thorough understanding of market dynamics and future trends. Get a Free
Precious and Base Metals Market Splendor and Strength: Unveiling the Precious an …
Precious and Base Metals Market to reach over USD 2,300.9 billion by the year 2031 - Exclusive Report by InsightAce Analytic "Precious and Base Metal Market" in terms of revenue was estimated to be worth $915.4 billion in 2023 and is poised to reach $2,300.9 billion by 2031, growing at a CAGR of 12.34% from 2023 to 2031 according to a new report by InsightAce Analytic. Get Free Sample Report @
Precious Pairs: Global Disaster Relief Campaign
Precious Pairs, a non-profit organization based in San Francisco, has announced its active engagement in global emergency disaster relief efforts. Founded recently, the organization is dedicating its resources to provide immediate support in response to natural disasters around the world, a mission that is both urgent and capital-intensive. Given the resource-heavy nature of emergency disaster relief, Precious Pairs is reaching out for support. Contributions are vital for procuring supplies, managing logistics,