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Precious Metal Catalysts - Global Market Trajectory & Analytics

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    Report

  • 425 Pages
  • March 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030363

FEATURED COMPANIES

  • Alfa Aesar
  • American Elements
  • BASF SE
  • Haldor Topsoe A/S
  • Johnson Matthey Plc
  • Sabin Metal Corporation

Global Precious Metal Catalysts Market to Reach US$22.6 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Precious Metal Catalysts estimated at US$14.3 Billion in the year 2020, is projected to reach a revised size of US$22.6 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027. Platinum, one of the segments analyzed in the report, is projected to grow at a 7.8% CAGR to reach US$8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Palladium segment is readjusted to a revised 7.1% CAGR for the next 7-year period. This segment currently accounts for a 23.6% share of the global Precious Metal Catalysts market.



The U.S. Accounts for Over 26.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.8% CAGR for the Period of 2020-2027


The Precious Metal Catalysts market in the U.S. is estimated at US$3.7 Billion in the year 2020. The country currently accounts for a 26.1% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.5 Billion in the year 2027 trailing a CAGR of 8.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR while Rest of European market (as defined in the study) will reach US$3.5 Billion by the year 2027.

Ruthenium Segment Corners a 13.2% Share in 2020


In the global Ruthenium segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2027, while Latin America will expand at a 6% CAGR through the analysis period.

Select Competitors (Total 70 Featured) -

  • Alfa Aesar
  • ALS Limited
  • American Elements
  • Arora Matthey Limited
  • BASF SE
  • Catalytic Products International
  • Chimet S.p.A.
  • Clariant International Ltd (Switzerland)
  • Haldor Topsoe A/S
  • Heraeus Holding GmbH
  • Johnson Matthey Plc
  • N.E. Chemcat Corporation
  • Sabin Metal Corporation
  • Shaanxi Kai Da Chemical Engineering Co., Ltd.
  • Souvenier Chemicals
  • Stanford Advanced Materials
  • Takasago International Corporation
  • Umicore Galvanotechnik GmbH
  • Vineeth Precious Catalysts Pvt. Ltd.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Precious Metal Catalysts

What is the estimated value of the Global Market for Precious Metal Catalysts?

The Global Market for Precious Metal Catalysts was estimated to be valued at $14.3 Billion in 2020.

What is the growth rate of the Global Market for Precious Metal Catalysts?

The growth rate of the Global Market for Precious Metal Catalysts is 6.8%, with an estimated value of $22.6 Billion by 2027.

What is the forecasted size of the Global Market for Precious Metal Catalysts?

The Global Market for Precious Metal Catalysts is estimated to be worth $22.6 Billion by 2027.

Who are the key companies in the Global Market for Precious Metal Catalysts?

Key companies in the Global Market for Precious Metal Catalysts include Alfa Aesar, ALS Limited, American Elements, Arora Matthey Limited, BASF SE, Catalytic Products International, Chimet S.p.A., Clariant and Heraeus Group.

FEATURED COMPANIES

  • Alfa Aesar
  • American Elements
  • BASF SE
  • Haldor Topsoe A/S
  • Johnson Matthey Plc
  • Sabin Metal Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Year 2021 in Review and Near Term Outlook
  • EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Impact on Precious Metal Catalysts
  • COVID-19 Pandemic Shines Light on Pivotal Role of Platinum Group Metals in Fight against the Virus
  • Russia-Ukraine Crisis Impacts the Market Balance
  • Competition
  • EXHIBIT 2: Precious Metal Catalysts - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 41 Players Worldwide in 2022 (E)
  • Precious Metal Catalysts: A Prelude
  • Platinum Catalysts Dominate the Market
  • Europe Leads Global Consumption
  • China Emerges as a Lucrative Market
  • HDD Norms to Revive Chinese Autocatalyst Demand
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Growing Focus on Green Hydrogen to Stimulate Demand for Precious Metal Catalysts
  • Automotive Industry Remains one of the Major Consumers of PGM Catalysts
  • PGMs: Important Part of HDD Catalysts
  • Power Train Mix Influences Demand for Platinum Catalysts
  • EXHIBIT 3: Global Platinum Market by Application (in %) for 2022
  • EXHIBIT 4: Global Platinum Demand Breakdown (in %) by Automotive Sector: 2022
  • EXHIBIT 5: Global Rhodium Consumption Breakdown by Application (in %): 2022
  • EXHIBIT 6: Global Palladium Consumption Breakdown by Application (in %): 2022
  • EXHIBIT 7: Global Automotive Catalysts Market Breakdown by Platinum, Palladium, and Rhodium Metals
  • Recap of COVID-19 Impact on the Automotive Industry in 2020
  • EXHIBIT 8: Global Automobile Production (In Million Units) for the Years 2011 - 2021
  • Outlook for 2022 Remains Positive
  • Semiconductor Chip Shortages & Its Induced Production Woes, a Downside Risk Aggravating Market Nervousness
  • Tightening Regulatory Landscape Builds Robust Platform for Wider Proliferation of Precious Metal Catalysts
  • Emission Norms for Light duty Vehicles: Implementation Timeline in Key Regional Markets
  • Emission Norms for Heavy duty Vehicles: Implementation Timeline in Key Regional Markets
  • Regulatory Scenario in Major Geographic Regions
  • Technology Requirements for Lower HDD Engine Emissions (Euro IV - Euro VI)
  • European Union Heavy Duty Diesel Vehicle Emission Standards
  • Rising Demand for EVs Weighs Heavily on Platinum & Palladium
  • EXHIBIT 9: Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
  • Auto Industry Banks on Fuel Cells as a Sustainable Fuel Technology of the Future
  • Transition Metal Nitrides Hold Potential to Augment the Application of Hydrogen Fuel Cells
  • Pressure on PGM Supply Brings Light on Recovery from Spent Automobile Catalysts
  • Palladium Recovery from Spent Automobile Catalysts
  • Platinum’s Edge over Palladium
  • Platinum Supply Demand Imbalance Alters Growth Pace
  • EXHIBIT 10: Platinum Supply by Country in 000 Oz: 2019, 2020, and 2021
  • COVID-19-Induced Supply Deficit Pushes Platinum Prices
  • EXHIBIT 11: Price Trends for Platinum, Palladium, Rhodium, Iridium, and Ruthenium in US$/oz: 2015-2022E
  • Factors Influencing Automobile Catalyst & Industrial Demand for Palladium
  • Demand for Palladium Slows Down in 2020
  • Palladium Vs Platinum: The Race Continues
  • Manufacturers Prioritize Thrifting Approach for Reducing the Cost Impact of PGMs
  • EXHIBIT 12: Pre-Thrifting Vs. Post-Thrifting Cost Structure: A Statistical Comparison
  • Pandemic Dishevels Rhodium Supply Situation and Spikes Price Volatility
  • EXHIBIT 13: Rhodium Price Trends: 2015-2022P
  • Emission Norms Spur the Autocatalyst Demand
  • Despite Threat from CNG Buses, Diesel Engine-Powered Transit Buses Remain Lucrative for HDD Catalysts Market
  • EXHIBIT 14: With Diesel Powered Buses Expected to Remain the Prominent Bus Types Globally, HDD Catalysts Market Poised to Benefit: Global Bus Sales Breakdown (in %) by Fuel Type: 2017 & 2022
  • Widespread Use in Petrochemical Processes Augurs Well
  • EXHIBIT 15: Global Demand for Petroleum Products in Million Barrels Per Day (2019, 2020, 2030, 2040)
  • COVID-19 Curtails Market Momentum in Petrochemical Applications
  • Global Oil Sector Yet to Achieve Full Recovery to Pre-COVID-19 Pandemic Level
  • EXHIBIT 16: Global Oil Demand in (mb/d): 2019-2022
  • New Catalyst-based Approaches to Stimulate Pharmaceutical Innovations & Overcome Precious Metal Supply Issues
  • Opportunity Indicators:
  • EXHIBIT 17: World Prescription Drug Sales (in US$ Billion) for Year 2017, 2019, 2021, 2023 and 2025
  • EXHIBIT 18: World Generic (Prescription) Drug Sales in US$ Billion for Year 2017, 2019, 2021, 2023 and 2025
  • Key Challenges Faced by Precious Metal Re-Claimers Dealing with Catalysts
  • Advanced Approaches to Overcome Availability Issues
  • Innovations & Advancements Drive Growth
  • Rise in Demand for Homogenous Catalysts to Boost Growth

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Precious Metal Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics

CANADA

JAPAN

  • Precious Metal Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Analytics

CHINA

  • Precious Metal Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Analytics

EUROPE

  • Precious Metal Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics

FRANCE


GERMANY


ITALY


UNITED KINGDOM


SPAIN


RUSSIA


REST OF EUROPE


ASIA-PACIFIC


AUSTRALIA

INDIA

  • Precious Metal Catalysts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Analytics

SOUTH KOREA


REST OF ASIA-PACIFIC


LATIN AMERICA


ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA


MIDDLE EAST


AFRICA

IV. COMPETITION

  • Total Companies Profiled: 70

A selection of companies mentioned in this report includes:

  • Alfa Aesar
  • ALS Limited
  • American Elements
  • Arora Matthey Limited
  • BASF SE
  • Catalytic Products International
  • Chimet S.p.A.
  • Clariant International Ltd (Switzerland)
  • Haldor Topsoe A/S
  • Heraeus Holding GmbH
  • Johnson Matthey Plc
  • N.E. Chemcat Corporation
  • Sabin Metal Corporation
  • Shaanxi Kai Da Chemical Engineering Co., Ltd.
  • Souvenier Chemicals
  • Stanford Advanced Materials
  • Takasago International Corporation
  • Umicore Galvanotechnik GmbH
  • Vineeth Precious Catalysts Pvt. Ltd.