Scienza e Tecnologia
Precious Metal Catalysts Demand is Soaring High. More than 68,000 Tons to be Sold by 2027. The Market to be Worth USD 20 Billion - Arizton
Alfa Chemistry (the US) and Sabin Metal Corporation (the US) are significant companies that produce platinum & palladium catalysts for usage in agricultural chemicals. Europe's precious metal catalysts market is growing with a CAGR of 5.38% during the forecast period. Countries like Germany , France , Italy , Spain , and the UK led the region.
· Increasing Environmental Concern
Click to Download the Free Sample Report Now
The platinum precious metal catalyst market holds the largest market share and is expected to cross USD 8.52 billion by 2027. Platinum is a chemical element and a member of the platinum group metal. Platinum is a rare metal found in the earth's crust. Due to these properties, the demand for platinum metal is very high. Platinum catalysts are the most active catalyst in oxidization reactions. In motor vehicles, it is used to resist carbon emission in combustion engine exhaust.
Many multinational companies produce and supply platinum catalysts to industries. These include Alfa Chemistry (US), Johnson Matthey (UK), BASF SE ( Germany ), American Elements (US), Sabin Metal Corporation (US), Souvenir Chemicals ( India ), Clariant International Ltd. ( Switzerland ), Heraeus Holding ( Germany ), Arora Matthey ( India ), Umicore, Galvanotechnik ( Germany ), Chimet ( Italy ), and Evonik Industries AG ( Germany ). As a catalyst, platinum is used in various products. Since platinum catalysts are economical for reforming the octane in the petroleum industry, the demand for platinum catalysts is growing. Stricter regulations around carbon emissions have further heightened the demand for platinum catalysts from the automotive industry.
Click to Download the Free Sample Report Now
Industrial Enzymes Market - The global industrial enzymes market size is expected to reach revenues of USD 8 billion by 2025. The global industrial enzyme market is expected to witness growth during the forecast period because of the increased capacity of enzymes to replace synthetic chemicals and act as a viable source for biocatalysts. The need to eliminate organic solvents and the demand for low-side-effects substances drive market growth.
Biocatalysts Market - The global biocatalysts market is expected to cross USD 729.03 million by 2027, from USD 495 million in 2021. Increasing demand for biobased products drives the biocatalysts market. Due to emerging technology, sustainability is growing all over the world. In the pharmaceutical industry, companies have started using biobased drugs to improve the quality of products, making the pharmaceutical biocatalysts market grow rapidly. Thus, top companies follow the expansion strategy to acquire a more significant biocatalysts market share. The food & beverages industry is rising due to the increasing consumption of food & beverages, thus increasing the demand for biocatalysts in the global industry.
Talc Market - The talc market will reach around USD 2 billion by 2026, growing at a CAGR of over 4% during the forecast period. The demand for talc is the highest in APAC owing to the rising automotive, marine, and consumer electronics industries. China is the largest talc producer in terms of value and volume in APAC. The country contributes 49.53% to the global talc market in terms of value and around 26.49% in terms of volume.
Specialty Enzymes Market - The global specialty enzymes market size crossed USD 2.96 billion in 2021 and is expected to reach USD 4.56 billion by 2027. Factors such as the rapidly increasing global population, increasing research & development, spreading new infectious diseases, increasing biofuel usage, and growing agriculture industry led to increased demand for specialty enzymes in the global market. The major drivers of the specialty enzymes market include the increasing health consciousness and intense penetration of the pharmaceutical, diagnostics, and biotechnology industries.
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6.1 MARKET SYNOPSIS
6.1.1 DRIVERS
6.1.2 OPPORTUNITIES
6.1.3 CHALLENGES
6.2 SEGMENT REVIEW
6.2.1 END-USE
6.2.2 TYPE
6.3 GEOGRAPHY
6.4 COMPANY AND STRATEGIES
8.1 OVERVIEW
9.1 INCREASING DEMAND FROM AUTOMOTIVE INDUSTRY
9.2 INCREASING DEMAND FROM PHARMACEUTICAL INDUSTRY
9.3 ADOPTION OF SUSTAINABILITY STANDARDS
10.1 RISE IN DEMAND FOR FUELS USED IN TRANSPORTATION
10.2 INCREASING INVESTMENTS IN REFINERY SECTOR
10.3 INCREASING ENVIRONMENTAL CONCERN
11.1 PRICE VOLATILITY OF PRECIOUS METAL CATALYSTS
11.2 RISING DEMAND FOR EV BATTERIES
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.2.1 VALUE
12.2.2 VOLUME
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13.1 MARKET OVERVIEW
13.2 MARKET SNAPSHOT & GROWTH ENGINE
13.2.1 VALUE
13.2.2 VOLUME
13.3 PLATINUM
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4 PALLADIUM
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 RHODIUM
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.6 RUTHENIUM
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY GEOGRAPHY
13.7 OTHER
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST
13.7.3 MARKET BY GEOGRAPHY
14.1 MARKET OVERVIEW
14.2 MARKET SNAPSHOT & GROWTH ENGINE
14.2.1 VALUE
14.2.2 VOLUME
14.3 PHARMACEUTICAL
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 OIL & GAS
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5 AUTOMOTIVE
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY
14.6 OTHER END-USES
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.6.3 MARKET BY GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.1.1 VALUE
15.1.2 VOLUME
15.2 GEOGRAPHIC OVERVIEW
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.2.1 VALUE
16.3 TYPE
16.3.1 MARKET SIZE & FORECAST
16.4 END-USE
16.4.1 MARKET SIZE & FORECAST
16.5 KEY COUNTRIES
16.6 US
16.6.1 MARKET SIZE & FORECAST
16.7 CANADA
16.7.1 MARKET SIZE & FORECAST
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.2.1 VALUE
17.3 TYPE
17.3.1 MARKET SIZE & FORECAST
17.4 END-USE
17.4.1 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.6 GERMANY
17.6.1 MARKET SIZE & FORECAST
17.7 FRANCE
17.7.1 MARKET SIZE & FORECAST
17.8 ITALY
17.8.1 MARKET SIZE & FORECAST
17.9 SPAIN
17.9.1 MARKET SIZE & FORECAST
17.10 UK
17.10.1 MARKET SIZE & FORECAST
17.11 REST OF EUROPE
17.11.1 MARKET SIZE & FORECAST
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.2.1 VALUE
18.3 TYPE
18.3.1 MARKET SIZE & FORECAST
18.4 END-USE
18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.6 CHINA
18.6.1 MARKET SIZE & FORECAST
18.7 JAPAN
18.7.1 MARKET SIZE & FORECAST
18.8 INDIA
18.8.1 MARKET SIZE & FORECAST
18.9 SOUTH KOREA
18.9.1 MARKET SIZE & FORECAST
18.10 REST OF APAC
18.10.1 MARKET SIZE & FORECAST
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.2.1 VALUE
19.3 TYPE
19.3.1 MARKET SIZE & FORECAST
19.4 END-USE
19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.6 BRAZIL
19.6.1 MARKET SIZE & FORECAST
19.7 MEXICO
19.7.1 MARKET SIZE & FORECAST
19.8 REST OF LATIN AMERICA
19.8.1 MARKET SIZE & FORECAST
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.2.1 VALUE
20.3 TYPE
20.3.1 MARKET SIZE & FORECAST
20.4 END-USE
20.4.1 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.6 SAUDI ARABIA
20.6.1 MARKET SIZE & FORECAST
20.7 SOUTH AFRICA
20.7.1 MARKET SIZE & FORECAST
20.8 REST OF MIDDLE EAST & AFRICA
20.8.1 MARKET SIZE & FORECAST
21.1 COMPETITION OVERVIEW
21.2 RECENT DEVELOPMENTS
22.1.1 BUSINESS OVERVIEW
22.1.2 FINANCIAL OVERVIEW
22.1.3 PRODUCT OFFERINGS
22.1.4 KEY STRATEGIES
22.1.5 KEY STRENGTHS
22.1.6 KEY OPPORTUNITIES
23.1 ALFA CHEMISTRY
23.1.1 COMPANY OVERVIEW
23.1.2 BUSINESS OVERVIEW
23.1.3 PRODUCT OFFERINGS
23.2 AMERICAN ELEMENTS
23.3 ARORA MATTHEY LIMITED
23.4 CLARIANT INTERNATIONAL LTD.
23.5 CHIMET
23.6 DONGGUAN CITY BETTERLY NEW MATERIALS CO., LTD.
23.7 HALDER TOPSOES A/S
23.8 J&J MATERIALS INC.
23.9 KAILI CATALYSTS NEW MATERIALS CO., LTD
23.10 N.E. CHIMET CORPORATION
23.11 SYNTHESIS WITH CATALYSTS PVT. LTD. (SWC)
23.12 SABIN METAL CORPORATION
23.13 SOUVENIER CHEMICALS
23.14 STANFORD ADVANCED MATERIALS
23.15 TAKASAGO INTERNATIONAL CORPORATION
23.16 VINEETH PRECIOUS METAL CATALYST PVT. LTD.
24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS
25.1 TYPE
25.1.1 PLATINUM
25.1.2 PALLADIUM
25.1.3 RHODIUM
25.1.4 RUTHENIUM
25.1.5 OTHERS
25.2 END-USE
25.2.1 PHARMACEUTICAL
25.2.2 OIL & GAS
25.2.3 AUTOMOTIVE
25.2.4 OTHER
26.1 NORTH AMERICA
26.1.1 TYPE
26.1.2 END-USE
26.2 EUROPE
26.2.1 TYPE
26.2.2 END-USE
26.3 APAC
26.3.1 TYPE
26.3.2 END-USE
26.4 LATIN AMERICA
26.4.1 TYPE
26.4.2 END-USE
26.5 MIDDLE EAST & AFRICA
26.5.1 TYPE
26.5.2 END USE
27.1 ABBREVIATIONS
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Click Here to Contact Us
Call: +1-312-235-2040
+1 302 469 0707
Mail: enquiry@arizton.com
Photo: https://mma.prnewswire.com/media/1964494/Precious_Metal_Catalysts_Market.jpg
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/precious-metal-catalysts-demand-is-soaring-high-more-than-68-000-tons-to-be-sold-by-2027--the-market-to-be-worth-usd-20-billion---arizton-301698391.html