Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Platinum and Palladium Carbon Catalyst Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 4.1% during the review period (2022 to 2027).
Platinum and palladium carbon catalysts are widely used in the pharmaceutical and chemical manufacturing industries as hydrogeneration catalysts for wide range of coupling reactions and organic synthesis. Palladium or platinum catalysts are based on activated carbon or charcoal in order to optimize the surface area and activity. These catalysts have an application in pharmaceutical, chemical, petrochemical, automotive and electronic industries because they improve the performance during organic synthesis and chemical processing. The performance of palladium and platinum catalysts can be described based on the elements like noble metal content, mesh size, purity of carbon and more. These catalysts are extensively used in the automobile exhaust system in order to reduce the emission of organic compounds oxides of nitrogen and sulfur among other pollutants. Palladium catalyst is extensively used in industrial organic industry and reactions which includes carbon-carbon multiple bond reduction, reduction of compounds of nitro and nitroso, reductive aminations, aromatic ring saturation and hydrogenolysis. Globally, platinum and palladium are mainly distributed in South Africa and Russia. Also it seems that raw material price have a great influence on platinum and palladium carbon catalyst price.
The positive outlook of the automotive industry and efforts made by automakers to reduce the emission and carbon footprint owing to increasing environmental concerns and stringent emission regulations are expected to drive the growth of the global platinum carbon catalyst market during the forecast period. The market growth is also influenced by the surging demand for hydrogen fuel cell vehicles, particularly in Europe, the US, and Japan. Furthermore, the growing chemical and pharmaceutical industries in the developing economies such as India, China, Brazil, and ASEAN countries is also expected to fuel the growth of the global market.
The report aspects discussed the profile of the top manufacturers of the global Platinum and Palladium Carbon Catalyst Market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Platinum and Palladium Carbon Catalyst Market production, demand and growth potential, geographic analysis, as well as current market developments invarious regions and countries.
April 8, 2019: Evonik Catalysts expands Production of Activated Metal Catalysts in India--
At Evonik Catalyst’s manufacturing site in Dombivli, India, the company is commissioning a new plant initially for the production of KALCATTM and in the long-term also Metalyst® Activated Metal Catalysts. This new state of the art production facility allows Evonik to fully utilize its capacities in Dombivli while establishing significant synergies with the Activated Metal Catalyst production site in Germany.
Platinum and Palladium Carbon Catalyst Market is segmented based on the type, applications, companies and regions.
By Type, Platinum and Palladium Carbon Catalyst Market has been segmented into
The end user’s industry application on Platinum and Palladium Carbon Catalyst Market is,
The report offers in-depth assessment of the growth and other aspects of the Platinum and Palladium Carbon Catalyst Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The Asia-Pacific platinum- and palladium-carbon catalyst market dominated in 2018 and is predicted to develop significantly throughout the forecast period, owing to the region's strong chemical, pharmaceutical, and automobile manufacturing outlook, particularly in India, China, and ASEAN countries. Because of the country's growing automotive and chemical industries, demand for platinum and palladium catalysts is likely to increase. Furthermore, government attempts to assist the expansion of the domestic manufacturing index are likely to propel the platinum- and palladium-carbon catalyst market in India forward.
North America and Europe are expected to be prominent markets for platinum- and palladium-carbon catalyst, owing to the recovering automotive industry with increasing demand for electric vehicles. Because of rebounding economics and developing automotive and chemical industries in Brazil and Mexico, Latin America is predicted to be an opportune market with high growth. During the forecast period, the global platinum- and palladium-carbon catalyst market is expected to rise at a modest pace in the Middle East and Africa.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 4.1% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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Johnson Matthey, Evonik, Basf, Clariant, Vineeth Chemicals, Shanghai Petrochemical Catalyst, KaiDa Technology, Suzhou Jinxingda, Chenzhou GaoXin Platinum Industry and others. |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Platinum and Palladium Carbon Catalyst Market is studied from 2017 - 2027.
What is the growth rate of Platinum and Palladium Carbon Catalyst Market?
The Platinum and Palladium Carbon Catalyst Market is growing at a CAGR of 4.1% over the next 5 years.
Who are the key players in Platinum and Palladium Carbon Catalyst Market?
Johnson Matthey, Evonik, Basf, Clariant, Vineeth Chemicals, Shanghai Petrochemical Catalyst, KaiDa Technology, Suzhou Jinxingda, Chenzhou GaoXin Platinum Industry and others.
What region does this Platinum and Palladium Carbon Catalyst Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Platinum and Palladium Carbon Catalyst Market?
Platinum Carbon Catalyst, Palladium Carbon Catalyst
What are the major end-use applications of Platinum and Palladium Carbon Catalyst Market?
Petrochemical, Pharma, Fine Chemical
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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