Precious Metal Catalysts Market is presently valued at USD 19.41 billion and is poised to amplify at a CAGR of 6.19% over 2022-2030
The precious metal catalysts’ nano-scale metal particles efficiently collect hydrogen and oxygen from the atmosphere. Under mild conditions, the absorbed hydrogen and oxygen react rapidly with a variety of replacements. By limiting the generation of by-products and maintaining mild reaction conditions, a reasonably high product yield can be attained. In recent years, progress has been made in the field of precious metal catalyst preparation technology, thanks to advances in nanotechnology. This has resulted in energy savings, increased productivity, and lower production costs. During the projected period, these benefits of precious metal catalysts are expected to boost the market.
Noble metal catalysts with a half-filled d-orbital lend or withdraw electrons from a reagent to speed up the pace of a chemical reaction are known as precious metal catalysts. Because of their effective catalytic properties, these metals are frequently used in the chemical industry. They are also used in the oxidation of components such as hydrocarbons, as well as in the breakdown of nitrogen oxides.
Precious metals, often known as noble metals, are metals that are chemically very stable and passive toward chemical reactions. Precious metals include gold, palladium, platinum, rhodium, and silver, to name a few. Precious metal catalysts are made consisting of nano-scale precious metal particles supported on a high surface area material like carbon, silica, or alumina. These catalysts are used in a wide range of industries, including refinery, petrochemicals, polymer, chemicals, pharmaceuticals, automobile, and the environment. Each precious metal catalyst has its own distinct properties. The majority of these catalysts are utilised in organic synthesis reactions.
Global Precious Metal Catalysts Market: Segmentations
By Key Players
- BASF SE
- Evonik Industries AG
- Johnson Matthey Plc
- Heraeus Group
- Clariant International Ltd
- Umicore SA
- Alfa Aeser
- Vineeth Precious Catalysts Pvt. Ltd
- Chimet S.P.A
- American Elements
- ALS Limited
- Ames Goldsmith Ceimig
- Stanford Advanced Materials
- Shanxi Kaida Chemical Engineering Co.,ltd.
- Hindustan Platinum Pvt.
- Synthesis with Catalysts Pvt q J&J Materials, Inc.
By Distribution Channel:
- Direct Sales
- Indirect Sales
- Environment and Material sciences
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Table Of Contents (TOC)
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
- Europe Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
- Asia Pacific Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
- Latin America Precious Metal Catalysts Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
FREQUENTLY ASKED QUESTIONS?
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Q9. How will the COVID-19 pandemic impact this Market in 2021?
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