Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Precious Metal Catalysts Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Precious
Metal Catalysts Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Precious Metal Catalysts Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Precious
Metal Catalysts Market is offered. In
accordance with the report, the global Precious Metal Catalysts Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Precious
Metal Catalysts are metals that have found out their widespread application in
the chemical industry because it is resistant to chemical reaction and is
highly stable. Precious or novel metals catalysts include silver, rhodium,
platinum, gold and palladium. Each of the precious metal catalysts have unique
characteristics that can be uniquely applied across a variety of industries
throughout the globe. Organic Synthesis reactions are the primary areas of
using these precious metal catalysts. Nano-scale novel metal particles are
highly dispersible that are incorporated in the precious metal catalysts.
Market Drivers
Precious
metal catalysts are highly thermally stable and hence finds a widespread
application in the automobile industry. It is also used as a high performing
transportation fuel. The soaring demand for efficient transportation fuel is
driving the growth of this market. Moreover, the flourishing automobile sector
globally is providing an impetus to this market.
Precious
metal Catalysts consists of nano-scale metal particles that absorbs oxygen and
hydrogen from the atmosphere which in turn make reactions with substitutes
under mild conditions. By regulating mild conditions, comparatively higher
product yield can be obtained by significant reduction in the by-product yield.
Technological advancement especially in the nano-technology field has led to
the development of advanced precious metal catalysts that reduces cost, saves
energy and improves productivity. These factors are augmenting the growth of
this market.
Precious
metal catalysts are highly stable and does not give in to the process of
oxidation. They do not dissolve in alkaline solutions and have higher melting
points relative to base metals. As a result of such virtues, precious metal
catalysts have found its application in industries like petrochemical, polymer,
chemicals, refinery and automotive. However, the selection of catalysts is
determined by the compatibility between the process in which it is applied and
its properties.
The
anti-cancer properties of novel metal catalysts have led to its widespread
application in the pharmaceutical industry. The booming pharmaceutical industry
complementary to the larger proportion of health-conscious population is
bolstering the growth of the precious metal catalysts market.
Environmental
concerns coupled with their legal implications is positively fueling the
precious metal catalysts market.
Market Restraints
The
high production cost is impeding the growth of this market. These products also
have highly fluctuating prices that is threatening the growth of this market.
The
use of platinum in the form of a fuel cell catalysts is a significant
bottleneck. In the process of hydrogen electro oxidation when platinum is used,
the carbon monoxide residual is higher which is straining this market.
Lack
of preparation undertaken to structure reaction environment leads to the
formation of toxic precious metals at the time of reaction. This factor is
impeding the growth of this market.
The
precious metals like silver, gold, platinum, rhodium, and palladium are natural
metals that are derived from the Earth’s crust. Depletion of natural resources
and stringent government norms for regulating the use of natural resources are
hampering the growth of this market.
Opportunities
Skyrocketing
research and development activities in which the companies are indulging in
order to reduce cost and improve productivity is a lucrative opportunity for
this market.
The
widening population, economic development urbanization, rapid industrialization
and growing construction activities is across is enhancing prospects of the
automotive and pharmaceutical industry and is likely to provide a bankable
opportunity to the precious metal catalysts market.
Trends
The
precious metal catalysts market is divided into North America, Latin America,
Europe, Asia Pacific, Middle East and Africa on the basis of region. The Europe
market is projected to witness significant growth in the forecast period due to
stringent emission standards of the government, the presence of some of the
dominant players of this market, and the prospering end use sectors like
automotive, pharmaceutical, refinery, and petrochemical. In the Asia Pacific
region China is expected to showcase significant growth owing to the constant
thriving of the healthcare sector and pharmaceutical industry, automotive
industry. In fact, China is the nexus of the chemical industry, the vigorous
growth in the chemical industry will positively influence this market.
Segment Covered:
This market
intelligence report on the global Precious Metal Catalysts Market encompasses market segments based on product type,
application and country.
By
Product Type the global Precious Metal Catalysts Market has been divided into:
q Platinum
q Palladium
q Rhodium
q Iridium
q Ruthenium
q Gold
q Silver
q Nickel
By Application
the global Precious Metal Catalysts Market has been divided into:
q Petrochemicals
q Pharmaceuticals
q Automotive
q Refinery
q Electronics
q Mining
By country/region,
the global Precious Metal Catalysts Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q BASF SE
q Evonik
Industries AG
q Johnson
Matthew Plc
q Heraeus
Group
q Clariant
International Ltd
q Umicore
SA
q Alfa
Aesar
q Vineeth Precious Catalysts Pvt Ltd
q DCL International Inc
q Stanford Advanced Materials
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Precious Metal Catalysts Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Mauser Group
Mauser Group
B.V. announced to start three new production lines in France by 2017. This
investment was in response to the growing demand for industrial packaging
solutions in France. In 2015, the company invested in its steel drum operations
in Houston, U.S. to increase productivity. Additionally, it started IBC
production in Turkey.
Hooover Ferguson Group
Hoover Ferguson
group was formed in the late 2016’s and off late the company’s strategy has
been on increasing its production base in the IBCs and tanks category which is
exhibited by the company’s acquisition of the offshore container business of
Uniteam Holding AS.
According to the
Managing Director of Hoovers Ferguson Group, this acquisition will help the
company to increase its offshore containers portfolio.
Qingdao LAF Packaging Co. Ltd
Qingdao LAF
Packaging Co. Ltd. focuses on establishing a strong service network across the
globe to cater to the increasing demand from the flexitanks market. The company
operates in more than 30 countries and provides customized solutions to its
clients located worldwide. Moreover, Qingdao LAF Packaging Co. Ltd. focuses on
getting its products certified by numerous international associations such as
the FDA, EEC, Kosher, Halal and HACCP
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Precious
Metal Catalysts Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Precious Metal Catalysts Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Precious Metal Catalysts caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Precious
Metal Catalysts Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Precious Metal Catalysts Market
v
Identification
of key factors driving investment opportunities in the Precious Metal
Catalysts Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants