DUBLIN, May 17, 2022--(BUSINESS WIRE)--The "Precious Metal Catalysts - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Precious Metal Catalysts Market to Reach US$22.6 Billion by the Year 2027
The global market for Precious Metal Catalysts estimated at US$14.3 Billion in the year 2020, is projected to reach a revised size of US$22.6 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027.
Platinum, one of the segments analyzed in the report, is projected to grow at a 7.8% CAGR to reach US$8 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Palladium segment is readjusted to a revised 7.1% CAGR for the next 7-year period. This segment currently accounts for a 23.6% share of the global Precious Metal Catalysts market.
The U.S. Accounts for Over 26.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.8% CAGR for the Period of 2020-2027
The Precious Metal Catalysts market in the U.S. is estimated at US$3.7 Billion in the year 2020. The country currently accounts for a 26.1% share in the global market.
China, the world second largest economy, is forecast to reach an estimated market size of US$3.5 Billion in the year 2027 trailing a CAGR of 8.8% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR while Rest of European market (as defined in the study) will reach US$3.5 Billion by the year 2027.
Ruthenium Segment Corners a 13.2% Share in 2020
In the global Ruthenium segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2027, while Latin America will expand at a 6% CAGR through the analysis period.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the publisher's digital archives and Research Platform
Complimentary updates for one year
Impact of Covid-19 and a Looming Global Recession
Year 2021 in Review and Near Term Outlook
Impact on Precious Metal Catalysts
COVID-19 Pandemic Shines Light on Pivotal Role of Platinum Group Metals in Fight against the Virus
Russia-Ukraine Crisis Impacts the Market Balance
Competitive Market Presence - Strong/Active/Niche/Trivial for 41 Players Worldwide in 2022 (E)
Precious Metal Catalysts: A Prelude
Platinum Catalysts Dominate the Market
China Emerges as a Lucrative Market
HDD Norms to Revive Chinese Autocatalyst Demand
2. FOCUS ON SELECT PLAYERS (Total 70 Featured)
Shaanxi Kai Da Chemical Engineering Co., Ltd.
Vineeth Precious Catalysts Pvt. Ltd.
Growing Focus on Green Hydrogen to Stimulate Demand for Precious Metal Catalysts
Automotive Industry Remains one of the Major Consumers of PGM Catalysts
PGMs: Important Part of HDD Catalysts
Power Train Mix Influences Demand for Platinum Catalysts
Recap of COVID-19 Impact on the Automotive Industry in 2020
Semiconductor Chip Shortages & Its Induced Production Woes, a Downside Risk Aggravating Market Nervousness
Tightening Regulatory Landscape Builds Robust Platform for Wider Proliferation of Precious Metal Catalysts
Emission Norms for Light duty Vehicles: Implementation Timeline in Key Regional Markets
Emission Norms for Heavy duty Vehicles: Implementation Timeline in Key Regional Markets
Regulatory Scenario in Major Geographic Regions
Technology Requirements for Lower HDD Engine Emissions (Euro IV - Euro VI)
European Union Heavy Duty Diesel Vehicle Emission Standards
Rising Demand for EVs Weighs Heavily on Platinum & Palladium
Auto Industry Banks on Fuel Cells as a Sustainable Fuel Technology of the Future
Transition Metal Nitrides Hold Potential to Augment the Application of Hydrogen Fuel Cells
Pressure on PGM Supply Brings Light on Recovery from Spent Automobile Catalysts
Palladium Recovery from Spent Automobile Catalysts
Platinum's Edge over Palladium
Platinum Supply Demand Imbalance Alters Growth Pace
COVID-19-Induced Supply Deficit Pushes Platinum Prices
Factors Influencing Automobile Catalyst & Industrial Demand for Palladium
Demand for Palladium Slows Down in 2020
Palladium Vs Platinum: The Race Continues
Manufacturers Prioritize Thrifting Approach for Reducing the Cost Impact of PGMs
Pandemic Dishevels Rhodium Supply Situation and Spikes Price Volatility
Emission Norms Spur the Autocatalyst Demand
Despite Threat from CNG Buses, Diesel Engine-Powered Transit Buses Remain Lucrative for HDD Catalysts Market
With Diesel Powered Buses Expected to Remain the Prominent Bus Types Globally, HDD Catalysts Market Poised to Benefit
Widespread Use in Petrochemical Processes Augurs Well
COVID-19 Curtails Market Momentum in Petrochemical Applications
Global Oil Sector Yet to Achieve Full Recovery to Pre-COVID-19 Pandemic Level
New Catalyst-based Approaches to Stimulate Pharmaceutical Innovations & Overcome Precious Metal Supply Issues
Key Challenges Faced by Precious Metal Re-Claimers Dealing with Catalysts
Advanced Approaches to Overcome Availability Issues
Innovations & Advancements Drive Growth
Rise in Demand for Homogenous Catalysts to Boost Growth
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