Market Overview:
The global PGM catalysts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PGM catalysts from various end-use industries, such as petrochemicals, automotive, pharmaceuticals, and others. In terms of type, palladium catalysts are expected to hold a major share of the global PGM catalysts market during the forecast period. This can be attributed to its high reactivity and wide range of applications in various end-use industries.
Product Definition:
PGM catalysts are used to speed up chemical reactions. They are made of platinum, palladium, or rhodium and are often used in automobiles to reduce emissions.
Palladium Catalysts:
Palladium catalysts are used in the hydrocarbon industry for the conversion of heavy crude oil into lighter components such as gasoline and diesel. The catalyst is primarily composed of palladium, platinum, and rhodium. It works on the basis that when a hydrocarbon molecule comes near to palladium surface it gets converted to carbon dioxide and water which further reacts with other substances to produce desired products such as gasoline or diesel.
Platinum Catalysts:
Platinum catalysts are organometallic compounds containing platinum group metals. They are used in the preparation of phosphonate (PON) and carbamates (UOP) catalysts by hydrogenation or alkaline hydrolysis of organic compounds with a metal catalyst. Platinum is added to the feedstock to enhance selectivity, stability, and activity during the process.
Application Insights:
The global PGM catalysts market has been segmented on the basis of application into petrochemicals, automotive, pharmaceuticals and other applications. In 2017, the petrochemicals segment dominated the global PGM catalysts market with over 40% share in terms of revenue. The growth can be attributed to extensive use ofPGM products as feedstock for production of various chemicals including aromatics & olefins, polymers and specialty chemicals used in a wide range from plastics to paints & adhesives.
Petroleum refiners are increasingly using platinum group metals (PGM) as catalyst supports due to their superior properties such as low operating temperature and high stability against poisoning by sulfur compounds compared to other metal support materials such as palladium or rhodium alone which further boosts product demand globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising product demand from end-use industries, such as petrochemicals, automotive and others. China is projected to remain a key consumer in this region owing to its large chemical industry base along with growing automobile production.
The Middle East & Africa (MEA) region accounted for a share of more than 7% in 2016 on account of increasing product demand from major end-use sectors such as construction and automotive in countries including UAE, Saudi Arabia and Qatar. In addition, favorable government policies encouraging domestic manufacturing activities coupled with low labor costs are anticipated to boost PGM catalysts production levels over the next eight years.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of PGM catalysts market.
- Stringent emission norms by regulatory authorities across the globe are also anticipated to propel the demand for PGM catalysts over the forecast period.
- Growing popularity of diesel vehicles, especially in Europe and North America, is projected to boost the demand for PGM catalysts in these regions during the forecast period.
- Rising awareness about fuel efficiency and reduction of emissions from vehicles is likely to augment the uptake of PGM catalysts globally over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
PGM Catalysts Market Research Report
By Type
Palladium Catalysts, Platinum Catalysts, Ruthenium Catalysts, Rhodium Catalysts, Iridium Catalysts
By Application
Petrochemicals, Automotive, Pharmaceuticals, Others
By Companies
Basf, Evonik, Johnson Matthey, Clariant, Umicore, Heraeus, Vineeth Chemicals, Arora Matthey, Sino-platinum, Kaili Catalyst New Materials, Kdcatal, Rock, UOP, WEIFU, Canan, SUNCHEM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global PGM Catalysts Market Report Segments:
The global PGM Catalysts market is segmented on the basis of:
Types
Palladium Catalysts, Platinum Catalysts, Ruthenium Catalysts, Rhodium Catalysts, Iridium Catalysts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemicals, Automotive, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Basf
- Evonik
- Johnson Matthey
- Clariant
- Umicore
- Heraeus
- Vineeth Chemicals
- Arora Matthey
- Sino-platinum
- Kaili Catalyst New Materials
- Kdcatal
- Rock
- UOP
- WEIFU
- Canan
- SUNCHEM
Highlights of The PGM Catalysts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Palladium Catalysts
- Platinum Catalysts
- Ruthenium Catalysts
- Rhodium Catalysts
- Iridium Catalysts
- By Application:
- Petrochemicals
- Automotive
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PGM Catalysts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PGM catalysts are a type of catalyst that is used to convert hydrocarbons into other types of fuels or chemicals. PGM catalysts are made from rare earth elements, and they work by speeding up the chemical reaction that takes place in the engine.
Some of the major companies in the pgm catalysts market are Basf, Evonik, Johnson Matthey, Clariant, Umicore, Heraeus, Vineeth Chemicals, Arora Matthey, Sino-platinum, Kaili Catalyst New Materials, Kdcatal, Rock, UOP, WEIFU, Canan, SUNCHEM.
The pgm catalysts market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PGM Catalysts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PGM Catalysts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PGM Catalysts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PGM Catalysts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PGM Catalysts Market Size & Forecast, 2018-2028
4.5.1 PGM Catalysts Market Size and Y-o-Y Growth
4.5.2 PGM Catalysts Market Absolute $ Opportunity
Chapter 5 Global PGM Catalysts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PGM Catalysts Market Size Forecast by Type
5.2.1 Palladium Catalysts
5.2.2 Platinum Catalysts
5.2.3 Ruthenium Catalysts
5.2.4 Rhodium Catalysts
5.2.5 Iridium Catalysts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PGM Catalysts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PGM Catalysts Market Size Forecast by Applications
6.2.1 Petrochemicals
6.2.2 Automotive
6.2.3 Pharmaceuticals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PGM Catalysts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PGM Catalysts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PGM Catalysts Analysis and Forecast
9.1 Introduction
9.2 North America PGM Catalysts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PGM Catalysts Market Size Forecast by Type
9.6.1 Palladium Catalysts
9.6.2 Platinum Catalysts
9.6.3 Ruthenium Catalysts
9.6.4 Rhodium Catalysts
9.6.5 Iridium Catalysts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PGM Catalysts Market Size Forecast by Applications
9.10.1 Petrochemicals
9.10.2 Automotive
9.10.3 Pharmaceuticals
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PGM Catalysts Analysis and Forecast
10.1 Introduction
10.2 Europe PGM Catalysts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PGM Catalysts Market Size Forecast by Type
10.6.1 Palladium Catalysts
10.6.2 Platinum Catalysts
10.6.3 Ruthenium Catalysts
10.6.4 Rhodium Catalysts
10.6.5 Iridium Catalysts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PGM Catalysts Market Size Forecast by Applications
10.10.1 Petrochemicals
10.10.2 Automotive
10.10.3 Pharmaceuticals
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PGM Catalysts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PGM Catalysts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PGM Catalysts Market Size Forecast by Type
11.6.1 Palladium Catalysts
11.6.2 Platinum Catalysts
11.6.3 Ruthenium Catalysts
11.6.4 Rhodium Catalysts
11.6.5 Iridium Catalysts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PGM Catalysts Market Size Forecast by Applications
11.10.1 Petrochemicals
11.10.2 Automotive
11.10.3 Pharmaceuticals
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PGM Catalysts Analysis and Forecast
12.1 Introduction
12.2 Latin America PGM Catalysts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PGM Catalysts Market Size Forecast by Type
12.6.1 Palladium Catalysts
12.6.2 Platinum Catalysts
12.6.3 Ruthenium Catalysts
12.6.4 Rhodium Catalysts
12.6.5 Iridium Catalysts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PGM Catalysts Market Size Forecast by Applications
12.10.1 Petrochemicals
12.10.2 Automotive
12.10.3 Pharmaceuticals
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PGM Catalysts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PGM Catalysts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PGM Catalysts Market Size Forecast by Type
13.6.1 Palladium Catalysts
13.6.2 Platinum Catalysts
13.6.3 Ruthenium Catalysts
13.6.4 Rhodium Catalysts
13.6.5 Iridium Catalysts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PGM Catalysts Market Size Forecast by Applications
13.10.1 Petrochemicals
13.10.2 Automotive
13.10.3 Pharmaceuticals
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PGM Catalysts Market: Competitive Dashboard
14.2 Global PGM Catalysts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Basf
14.3.2 Evonik
14.3.3 Johnson Matthey
14.3.4 Clariant
14.3.5 Umicore
14.3.6 Heraeus
14.3.7 Vineeth Chemicals
14.3.8 Arora Matthey
14.3.9 Sino-platinum
14.3.10 Kaili Catalyst New Materials
14.3.11 Kdcatal
14.3.12 Rock
14.3.13 UOP
14.3.14 WEIFU
14.3.15 Canan
14.3.16 SUNCHEM
