Precious Metal Catalysts Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium, and Other Types), Application (Automotive, Pharmaceutical, Petrochemicals, and Other Applications), Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The market for precious metal catalysts is expected to witness a CAGR of around 5% during the forecast period. Major factors driving the market are the accelerating demand for high-performance transportation fuel and increasing investment in refineries.

  • High production costs and impact of COVID-19 pandemic are likley to hinder the growth of the market studied.
  • By application, petrochemicals segment is likely to dominate the market studied through the forecast period.
  • Asia-Pacific dominated the market with the largest consumption coming from China, ASEAN Countries, and India.

Scope of the report

The precious metal catalysts market report includes:

Type
Platinum
Palladium
Rhodium
Iridium
Ruthenium
Other Types
Application
Automotive
Pharmaceutical
Petrochemicals
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Platinum Segment to Dominate the Market

  • Platinum is the most widely used metal for emission control applications, since it improves combustion.
  • Improved combustion helps to reduce emissions and enhance the catalyst’s performance.
  • Since, platinum is effective under oxygen-rich conditions, it is used widely for diesel applications.
  • Furthermore, platinum offers several other advantages, such as:
    • It has a high melting point, thereby providing thermal durability.
    • It possesses excellent oxidation activity at low temperatures.
    • It is effective against sulfur compounds and helps in reducing the sulfur content in crude oil, in the refineries.
    • It can be efficiently recycled.
  • Sources, such as, automobiles, refinery & petrochemical complexes, chemical industries, oil and natural gas processing plants, and pharmaceutical industries, among others, are discovering an increasing number of applications of platinum-based emission control catalysts

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China to Diminate the Asia-Pacific Market

  • China is one of the fastest growing economies, globally. Furthermore, almost all the end-user industries have been witnessing growth, owing to the growing population, living standards, and per capita income.
  • China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. The country contributes more than 35% of the global chemical sales. The chemical industry is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. With the growing demand for various chemicals, globally, the demand for precious metal catalysts from this sector is projected to grow during the forecast period.
  • The Chinese healthcare sector is also growing at a rapid pace. As a part of Beijing's "Made in China 2025" industry plan, President Xi Jinping announced his plans to focus on the innovation and homegrown R&D concerning the pharmaceutical sector.
  • Moreover, the Chinese automotive manufacturing industry is the largest in the world. Though the industry witnessed a slowdown in 2018, wherein the production and sales declined. Similar trend continued, with the production witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), automotive production is expected to decline by about 2% in the end of 2020.
  • The “Made in China 2025” initiative aims to support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. The “Automobile Mid and Long-Term Development Plan” was released in the April 2017, with an objective to make China a strong auto power in the next ten years. This growth in the automotive industry is likely to increase the consumption of precious metal catalysts in the industry.
  • However, due the onset of COVID-19, the economic growth of China now seems to contract by a considerable extent in 2020. Many manufacturing and associated activities have already taken a hit in early 2020, and the economic situation is expected to remain dire, if the manufacturing activities are not set back on track by mid-2020.

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Competitive Landscape

The global precious metal catalysts market is partially consolidated in nature, with the top five players accounting for a major share of the global market. Some of the prominent players in the market include Clariant, BASF SE, Evonik Industries AG, Johnson Matthey, and Umicore, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Accelerating Demand for High-Performance Transportation Fuel

      2. 4.1.2 Increasing Investment in Refineries

    2. 4.2 Restraints

      1. 4.2.1 High Production Costs

      2. 4.2.2 Impact of COVID-19 Pandemic

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Platinum

      2. 5.1.2 Palladium

      3. 5.1.3 Rhodium

      4. 5.1.4 Iridium

      5. 5.1.5 Ruthenium

      6. 5.1.6 Other Types

    2. 5.2 Application

      1. 5.2.1 Automotive

      2. 5.2.2 Pharmaceutical

      3. 5.2.3 Petrochemicals

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Russia

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alfa Aesar, Thermo Fisher Scientific

      2. 6.4.2 ALS Limited

      3. 6.4.3 American Elements

      4. 6.4.4 BASF SE

      5. 6.4.5 Catalytic Products International

      6. 6.4.6 CHIMET

      7. 6.4.7 Clariant

      8. 6.4.8 Evonik Industries AG

      9. 6.4.9 Heraeus Holding

      10. 6.4.10 J&J Materials, Inc.

      11. 6.4.11 Johnson Matthey

      12. 6.4.12 Kaili Catalyst New Materials CO., LTD.

      13. 6.4.13 ReMetall Deutschland AG

      14. 6.4.14 Sabin Metal Corporation

      15. 6.4.15 Shaanxi kaida chemical co. LTD

      16. 6.4.16 Souvenier Chemicals

      17. 6.4.17 Stanford Advanced Materials

      18. 6.4.18 Umicore

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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