Global Precious Metal Catalysts Market Overview:
Precious metal catalysts are components of a catalytic converter which is usually platinum along with palladium, rhodium, iridium, ruthenium, and others. These metals have a broad range of applications in addition to catalytic converters, it is also known as a noble metal catalyst and possess an incompletely filled d-orbital to withdraw electrons. These catalysts are stable and are not easily oxides by oxidation, it also has high thermal stability of the precious metal catalyst which are widely used in the range of applications such as agrochemicals, pharmaceuticals, chemicals, material sciences, and others. Some of the players profiled in the study are Evonik Industries AG (Germany), BASF SE (Germany), Johnson Matthey Plc (United Kingdom), Heraeus Group (United Kingdom), Clariant International Ltd (Switzerland), Alfa Chemistry (United States), Major Precious Metals Corp. (Canada), Umicore SA (Belgium), Alfa Aesar (United States) and Vineeth Precious Catalysts Pvt. Ltd. (India).
On the basis of geography, the market of Precious Metal Catalysts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automobile will boost the Precious Metal Catalysts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Demand for the High Thermal Stability in Automotive Exhaust Gas Purification
- Increasing Demand for the Chemical Processes in Variosu Range of Industry and Applications
- Increasing Usage of Platinum and Rhodium in the Precious Metal Catalysts
- Toxicity Related Problems with the Precious Metal Catalysts
- High Cost Associated with the Precious Metal Catalysts
- Surging Demand for the Precious Metal Catalysts in the Aircraft Industry
- Rising Catalyst Manufacturing in the Developing Nations will Boost the Precious Metal Catalysts
- Stringent Regulatory Guidelines on the Production of Precious Metal Catalysts
Key Market Developments:
On 27th November 2020, Major Precious Metals Corp. is pleased to announce that it has completed the acquisition of a one-hundred-percent interest in the Skaergaard Project located on the east coast of Greenland. and The acquisition was completed pursuant to the terms of a definitive purchase agreement entered into with Platina Resources Ltd.
On 10th March 2020, BASF launches a new Tri-Metal Catalyst, developed in collaboration with and sponsored by Sibanye-Stillwater and Impala Platinum. Adoption of the Tri-Metal Catalyst can reduce catalytic converter costs for automakers and partially rebalance market demand for PGMs, thereby enhancing PGM market sustainability.
Precious Metal Catalysts Manufacturers, Precious Metal Catalysts Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Precious Metal Catalysts market on the basis of product [Platinum, Palladium, Rhodium, Iridium, Ruthenium and Others] , application [Aircraft Cabins and Fuel Inerting], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Precious Metal Catalysts market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Precious Metal Catalysts industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Precious Metal Catalysts market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.