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Precious Metal Catalysts Market Size, Industry Analysis By Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium, Gold, Silver, Osmium, And Others), By Distribution Channel (Direct Sales And Indirect Sales), By End Use (Automobile, Pharmaceutical, Refinery, Petrochemical, Agrochemicals, Chemicals, Environment And Material Sciences, And Others) & Region - Forecasts

  • PUBLISHED ON
  • 2024-09-27
  • NO OF PAGES
  • 249
  • CATEGORY
  • Chemicals & Materials

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

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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