Global Precious Metal Catalysts Market Analysis by Type, Distribution Channel, End Use and Region and segments forecast till 2033
Market Overview
The global precious metal catalysts market is presently valued at USD 19,410 million and is poised to amplify at a CAGR of 6.19%, thereby amassing a valuation of USD 31,380 million by end of the assessment timeframe.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 19,410 Million |
Market Forecast in 2033 | USD 31,380 Million |
CAGR % 2023-2033 | 6.19% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Distribution Channel, End Use |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | BASF SE, Evonik Industries AG, Johnson Matthey Plc, Heraeus Group, Clariant International Ltd., Alfa Aeser, Vineeth Precious Catalysts Pvt. Ltd., Umicore, Chimet S.P.A., American Elements, ALS Limited, Ames Goldsmith Ceimig, Stanford Advanced Materials, Shanxi Kaida Chemical Engineering Co., Ltd., Hindustan Platinum Pvt., Synthesis with Catalysts Pvt. q J&J Materials, Inc., and Alfa Chemistry. |
Precious metal catalysts are referred to as noble metals possessing a half-filled d-orbital which lends or withdraws electrons from a reagent to speed up the process of a particular chemical reaction. These metals are widely adopted in the chemical industry owing to the efficient catalytic characteristics. They are further utilized in oxidation of elements like hydrocarbons and also play an active part in the decomposition of nitrogen oxides.
Escalating demand from end use industries, growing R&D activities to enhance the quality of metal catalysts, and technological advancements in the field are primarily fuelling the growth of the industry vertical. Furthermore, accelerating demand for high-performance transportation fuel, economic developments across major regions, and widespread industrialization across the globe are positively swaying the industry dynamics. Moreover, rising investments in refinery and automobile sectors coupled with the growing disposable income of the masses are adding momentum to the market progression.
Also, integration of innovative technologies in the chemical industry is augmenting the outlook of the overall business sphere. On the contrary, fluctuating costs of precious metals, evolution of alternative catalysts, and growing adoption of electric vehicles are hindering the remuneration scope of this marketplace. With rising instances of environmental pollution and increase in emission rates, governments across the globe have implemented stringent regulations. The use of catalytic converters across the end-use industries transforms combustion by-products into greener emissions while catalysing chemical reactions. This in turn is stimulating the overall outlook of this market sphere.
There has been a widespread growth in the automotive industry across the globe. This is driven by the rising vehicle sales powered by the rapid increase in purchasing power of the masses. The automobile industry is one of the major end-users of precious metal catalysts owing to their wide array of benefits. These factors are creating an upward trend for the industry progression.
Type Insights
The platinum segment is slated to amass notable gains over the stipulated timeline ascribing to the ability of platinum catalyst to reduce CO2 emission during a chemical reaction process.
Distribution Channel Insights
The direct sales segment is anticipated to garner a high revenue share over 2022-2030 since direct sales mediums offer easy product accessibility to the customers.
End Use Insights
The automobile segment is expected to capture a significant revenue share over the estimated timeline. This is credited to the steep rise in vehicle sales powered by increasing disposable income of the masses.
Regional Insights
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to showcase lucrative growth trends over 2022-2030. This is attributable to the rapidly evolving automotive and chemical sectors along with the widespread availability of precious metal catalysts.
Competitive Analysis
The prominent players defining the competitive terrain of this industry vertical are BASF SE, Evonik Industries AG, Johnson Matthey Plc, Heraeus Group, Clariant International Ltd., Alfa Aeser, Vineeth Precious Catalysts Pvt. Ltd., Umicore, Chimet S.P.A., American Elements, ALS Limited, Ames Goldsmith Ceimig, Stanford Advanced Materials, Shanxi Kaida Chemical Engineering Co., Ltd., Hindustan Platinum Pvt., Synthesis with Catalysts Pvt. q J&J Materials, Inc., and Alfa Chemistry. Notably, in September 2021, Mineworx Technologies inked a partnership deal with Davis Recycling to jointly develop innovative technologies for platinum and palladium extraction.
Global Precious Metal Catalysts Market- Segmental Analysis
By Type:
• Platinum
• Palladium
• Rhodium
• Iridium
• Ruthenium
• Gold
• Silver
• Osmium
• Others
By Distribution Channel:
• Direct Sales
• Indirect Sales
By End-Use:
• Automobile
• Pharmaceutical
• Refinery
• Petrochemical
• Agrochemicals
• Chemicals
• Environment and Material sciences
• Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Precious Metal Catalysts Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Precious Metal Catalysts Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1. Global Precious Metal Catalysts Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Global Precious Metal Catalysts Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million) & Volume (Tons)
1.4. Global Precious Metal Catalysts Market Scope and Market Estimation
1.4.1. Global Precious Metal Catalysts Overall Market Size (US$ Million) & (Tons), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Precious Metal Catalysts Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Global Precious Metal Catalysts Market Segmentation
1.5.1. Type of Global Precious Metal Catalysts Market
1.5.2. Distribution Channel of Global Precious Metal Catalysts Market
1.5.3. End Use of Global Precious Metal Catalysts Market
1.5.4. Key Regions of Global Precious Metal Catalysts Market
2. Global Precious Metal Catalysts Market - Executive Summary
2.1. Global Precious Metal Catalysts Market – Summary & Snapshot
2.2. Global Precious Metal Catalysts Market, By Type (US$ Million) & (Tons)
2.3. Global Precious Metal Catalysts Market, By Distribution Channel (US$ Million) & (Tons)
2.4. Global Precious Metal Catalysts Market, By End Use (US$ Million) & (Tons)
2.5. Global Precious Metal Catalysts Market, By Geography (US$ Million) & (Tons)
2.6. Global Precious Metal Catalysts Market Outlook & Future Opportunities
3. Global Precious Metal Catalysts Market Trends, Outlook, and Factors Analysis
3.1. Global Precious Metal Catalysts Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Precious Metal Catalysts Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. The growing demand for end-use sectors.
3.2.2. Restraints
3.2.2.1. Dependency of Precious metal catalysts on temperature & loss of activity through poising and thermal deactivation.
3.2.2.2. Fluctuation in prices of precious metal will adversely affect.
3.2.3. Opportunities
3.2.3.1. R&D activities to reduce costs and to improve the quality of catalysts.
3.2.3.2. Increasing application is end use sectors.
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Precious Metal Catalysts Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Precious Metal Catalysts Market
3.9.1. By Type
3.9.2. By Distribution Channel
3.9.3. By End Use
3.9.4. By Regions
4. Global Precious Metal Catalysts Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Precious Metal Catalysts Market, 2020 – 2021 (US$ Million) & (Tons)
4.2. Global Precious Metal Catalysts Market, By Type, 2020 to 2021 (US$ Million) & (Tons)
4.3. Global Precious Metal Catalysts Market, By Distribution Channel, 2020 to 2021 (US$ Million) & (Tons)
4.4. Global Precious Metal Catalysts Market, By End User, 2020 to 2021 (US$ Million) & (Tons)
4.5. Global Precious Metal Catalysts Market, By Region, 2020 to 2021 (US$ Million) & (Tons)
5. Global Precious Metal Catalysts Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global Precious Metal Catalysts Market Size (US$ Million) & (Tons) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Platinum
5.2.2. Palladium
5.2.3. Rhodium
5.2.4. Iridium
5.2.5. Ruthenium
5.2.6. Gold
5.2.7. Silver
5.2.8. Osmium
5.2.9. Others
6. Global Precious Metal Catalysts Market Estimates & Forecast Trend Analysis, by Distribution Channel
6.1. Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, by Distribution Channel, 2022 & 2033
6.2. Global Precious Metal Catalysts Market (US$ Million) & (Tons) Estimates and Forecasts, by Distribution Channel, 2022 to 2033
6.2.1. Direct Sales
6.2.2. Indirect Sales
7. Global Precious Metal Catalysts Market Estimates & Forecast Trend Analysis, by End Use
7.1. Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, by End Use, 2022 & 2033
7.2. Global Precious Metal Catalysts Market (US$ Million) & (Tons) Estimates and Forecasts, by End Use, 2022 to 2033
7.2.1. Automobile
7.2.2. Pharmaceutical
7.2.3. Refinery
7.2.4. Petrochemical
7.2.5. Agrochemicals
7.2.6. Chemicals
7.2.7. Environment and Material sciences
7.2.8. Others
8. Global Precious Metal Catalysts Market Analysis and Forecast, by Region
8.1. Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Precious Metal Catalysts Market (US$ Million) & (Tons) Estimates and Forecasts, by Region, 2022 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
9.1. North America Global Precious Metal Catalysts Market Assessments & Key Findings
9.2. North America Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Global Precious Metal Catalysts Market Size Estimates and Forecast (US$ Million) & (Tons) (2022 to 2033)
9.3.1. By Type
9.3.2. By Distribution Channel
9.3.3. By End Use
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
10.1. Europe Global Precious Metal Catalysts Market Assessments & Key Findings
10.2. Europe Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Global Precious Metal Catalysts Market Size Estimates and Forecast (US$ Million) & (Tons) (2022 to 2033)
10.3.1. By Type
10.3.2. By Distribution Channel
10.3.3. By End Use
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Global Precious Metal Catalysts Market Assessments & Key Findings
11.2. Asia Pacific Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Global Precious Metal Catalysts Market Size Estimates and Forecast (US$ Million) & (Tons) (2022 to 2033)
11.3.1. By Type
11.3.2. By Distribution Channel
11.3.3. By End Use
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Global Precious Metal Catalysts Market Assessments & Key Findings
12.2. Middle East & Africa Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Global Precious Metal Catalysts Market Size Estimates and Forecast (US$ Million) & (Tons) (2022 to 2033)
12.3.1. By Type
12.3.2. By Distribution Channel
12.3.3. By End Use
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Global Precious Metal Catalysts Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Global Precious Metal Catalysts Market Size Estimates and Forecast (US$ Million) & (Tons) (2022 to 2033)
13.3.1. By Type
13.3.2. By Distribution Channel
13.3.3. By End Use
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Market Revenue Share Analysis (%), by Major Players (2021)
14.2. Market Competition Matrix, by Leading Players
14.3. List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. Alfa Chemistry
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Type / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. BASF SE
15.3. Evonik Industries AG
15.4. Johnson Matthey Plc
15.5. Heraeus Group
15.6. Clariant International Ltd
15.7. Umicore SA
15.8. Alfa Aeser
15.9. Vineeth Precious Catalysts Pvt. Ltd
15.10. Umicore
15.11. Chimet S.P.A
15.12. American Elements
15.13. ALS Limited
15.14. Ames Goldsmith Ceimig
15.15. Stanford Advanced Materials
15.16. Shanxi Kaida Chemical Engineering Co.,ltd.
15.17. Hindustan Platinum Pvt.
15.18. Synthesis with Catalysts Pvt q J&J Materials, Inc.
15.19. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts
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