Market Summary
The global market for platinum-
and palladium-carbon catalyst is expected to register a CAGR of 4.0% to reach a
value of USD 540 Million by 2024. The global platinum- and palladium-carbon
catalyst market is expected to witness healthy growth during the forecast
period on the account of rapid industrialization, rising demand for chemicals,
increasing expenditure on research activities, and demand in the automotive
industry. Platinum on carbon and palladium on carbon are used for
catalytic hydrogenations in organic synthesis.
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Segment Analysis
Based on metal, the
global platinum- and palladium-carbon catalyst market has been
segmented into platinum-carbon catalyst and palladium-carbon catalyst. The
platinum-carbon catalyst segment accounted for the largest share of the global
market in 2018. The segment is expected to witness healthy growth during
the forecast period, owing to the high demand in the automotive and chemical
industries, due to its relatively low cost. The increasing R&D investment
in the platinum catalyst and palladium catalyst to reduce the precious metal
content in the catalyst while enhancing the performance and reducing the
operating cost is driving the market growth. Most of the liquid phase batch
hydrogenations are performed with 5% palladium on carbon paste. While 50%
platinum on carbon paste is generally used for polymer electrolyte fuel cell
(PEMFC), microbial fuel cell (MFC), direct methanol fuel cell (DMFC), and
phosphoric acid fuel cell (PAFC) applications.
By end-use industry, the
global platinum- and palladium-carbon catalyst market has been
divided into automotive, chemical, aerospace, pharmaceutical, and others. The
chemical segment accounted for the largest share of the global platinum-
and palladium-carbon catalyst market, followed by the automotive segment.
The demand in the automotive industry is expected to increase significantly,
owing to increasing efforts made by automakers to reduce the emission and
carbon footprint due to increasing environmental concerns and stringent
emission regulations.
Competitive Analysis
·
Evonik Industries AG
·
Johnson Matthey
·
Clariant AG
·
Vineeth Precious Catalysts Pvt. Ltd
·
BASF AG
·
Sabin Metal Corporation
·
American Elements
·
Chimet S.p.A.
·
FUJIFILM Wako Pure Chemical Corporation
·
KaiDa Chemicals
·
Alfa Aesar
·
Heraeus Group
·
Shaanxi Kaida Chemical Engineering Co., Ltd
·
Umicore N.V.
·
Shanxi Kaida Chemical
Regional Analysis
The Platinum-
And Palladium-Carbon Catalyst Industry, by region, has been
segregated into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa. Asia-Pacific led by India, China, and Japan is
expected to dominate the global platinum- and palladium-carbon catalyst market
through the forecast period. Backed by the expanding automotive and chemical
industries, the demand for platinum- and palladium-carbon catalyst is expected
to increase significantly during the forecast period. Europe was the
second-largest market for platinum- and palladium-carbon catalyst in 2018
and is expected to showcase moderate growth during the forecast period
owing to increasing automotive production led by Germany, France, the UK,
Italy, and Russia. The North American market is expected to be another
prominent market for platinum- and palladium-carbon catalyst owing to
the increasing demand in the chemical, petrochemical, and automotive
industries. The Middle East & Africa is expected to witness moderate growth
backed by increasing investments in chemical and petrochemical industries,
particularly in the Middle East. The market in Latin America is expected
to exhibit significant growth during the forecast period due to expanding
end-use industries, such as automotive, aerospace, and electrical &
electronics in the region.
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