2022 Global Precious Metal Catalysts Market Trajectory and Analysis Report: Market Expected to Reach $22.6 Billion by 2027 – China Emerges as a Lucrative Market – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Precious Metal Catalysts – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global Precious Metal Catalyst Market to Reach US$22.6 Billion by 2027

The global precious metal catalysts market, estimated at US$14.3 billion in 2020, is expected to reach a revised size of US$22.6 billion by 2027, growing at a CAGR of 6.7% over the 2020-2027 analysis period.

Platinum, one of the segments analyzed in the report, is expected to grow at a CAGR of 7.8% to reach US$8 billion by the end of the analysis period.

After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Palladium segment is readjusted to a revised CAGR of 7.1% for the next 7-year period. This segment currently accounts for a 23.6% share of the global precious metal catalyst market.

The United States accounts for more than 26.1% of the global market size in 2020, while China is expected to grow at a CAGR of 8.8% for the period 2020-2027

The precious metal catalysts market in the United States is estimated to be worth US$3.7 billion in 2020. The country currently accounts for a 26.1% share of the global market.

China, the world’s second largest economy, is expected to reach an estimated market size of US$3.5 billion in 2027, growing at a CAGR of 8.8% through 2027.

Other notable GeoMarkets include Japan and Canada, each predicting growth of 5% and 6.1% respectively over the 2020-2027 period. In Europe, Germany is expected to grow at around 5.6% CAGR while the rest of the European market (as defined in the study) will reach US$3.5 billion by 2027.

Ruthenium Segment Holds 13.2% Share in 2020

In the global ruthenium segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 4.9% for this segment. These regional markets representing a combined market size of US$1.5 billion in 2020 will reach a projected size of US$2.1 billion by the end of the analysis period.

China will remain among the fastest growing markets in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$3.3 billion by 2027, while Latin America will grow to a CAGR of 6% over the analysis period.

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors

  • Market presence in multiple geographies – Strong/Active/Niche/Trivial

  • Peer-to-peer collaborative online interactive updates

  • Access to the publisher’s digital archives and research platform

  • Free updates for one year

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of Covid-19 and a looming global recession

  • Review of the year 2021 and short-term outlook

  • Impact on precious metal catalysts

  • The COVID-19 pandemic highlights the central role of platinum group metals in the fight against the virus

  • The Russian-Ukrainian crisis affects the balance of the market

  • Competition

  • Competitive Market Presence – Strong/Active/Niche/Trivial for 41 players globally in 2022 (E)

  • Precious metal catalysts: a prelude

  • Platinum catalysts dominate the market

  • Europe leads the world in consumption

  • China is emerging as a lucrative market

  • HDD standards to boost Chinese demand for automotive catalysts

  • Recent market activity

2. FOCUS ON SELECT PLAYERS (Total 70 Featured)

  • Alfa Caesar

  • Limited ALS

  • American elements

  • Arora Matthey Limited

  • BASF SE

  • International catalytic products

  • Chimet SpA

  • Clariant International SA (Switzerland)

  • Haldor Topsoe A/S

  • Heraeus Holding GmbH

  • Johnson Matthey Plc

  • NE Chemcat Corporation

  • Sabin Metal Corporation

  • Shaanxi Kai Da Chemical Engineering Co., Ltd.

  • Souvenir chemicals

  • Stanford Advanced Materials

  • International Takasago Society

  • Umicore Galvanotechnik GmbH

  • Vineeth Precious Catalysts Pvt. ltd.

3. MARKET TRENDS AND DRIVERS

  • Increased focus on green hydrogen to drive demand for precious metal catalysts

  • The automotive industry remains one of the main consumers of PGM catalysts

  • PGM: important part of HDD catalysts

  • The combination of powertrains influences the demand for platinum catalysts

  • Summary of the impact of COVID-19 on the automotive industry in 2020

  • The outlook for 2022 remains positive

  • Semiconductor chip shortages and their induced production issues, downside risk adding to market jitters

  • Tightening Regulatory Landscape Creates Strong Platform for Wider Proliferation of Precious Metal Catalysts

  • Emissions standards for light-duty vehicles: timetable for implementation in major regional markets

  • Emissions standards for heavy-duty vehicles: timetable for implementation in major regional markets

  • Regulatory scenario in major geographies

  • Technological requirements to reduce emissions from HDD engines (Euro IV – Euro VI)

  • European Union heavy-duty diesel vehicle emission standards

  • Rising demand for electric vehicles weighs heavily on platinum and palladium

  • The automotive industry is betting on fuel cells as the sustainable fuel technology of the future

  • Transition metal nitrides have the potential to increase the application of hydrogen fuel cells

  • Pressure on PGM supply highlights recovery of used automotive catalysts

  • Recovery of palladium from used automotive catalysts

  • The advantage of platinum over palladium

  • The imbalance between supply and demand for platinum alters the pace of growth

  • COVID-19-induced supply shortfall pushes platinum prices higher

  • Factors Influencing Automotive Catalysts and Industrial Demand for Palladium

  • Palladium demand slows in 2020

  • Palladium against platinum: the race continues

  • Manufacturers prioritize savings approach to reduce PGM cost impact

  • Pandemic disrupts rhodium supply situation and drives up price volatility

  • Emission standards drive demand for automotive catalysts

  • Despite the threat of CNG buses, diesel-powered transit buses remain lucrative for the HDD catalyst market

  • While diesel-powered buses are expected to remain the leading bus types globally, the HDD catalyst market is poised to benefit

  • Widespread use in petrochemical processes bodes well

  • COVID-19 is dampening market momentum in petrochemical applications

  • The global oil sector has yet to reach full recovery to pre-COVID-19 pandemic levels

  • Novel Catalyst-Based Approaches to Drive Pharmaceutical Innovations and Overcome Precious Metals Supply Challenges

  • Opportunity Indicators

  • Main Challenges Faced by Precious Metals Recoverers Dealing with Catalysts

  • Advanced approaches to overcome availability issues

  • Innovations and breakthroughs drive growth

  • Increase in demand for homogeneous catalysts to drive growth

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6wgu2u

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