Industrial, Manufacturing & Heavy Industry Market News

Precious metal catalysts market report forecasts impressive growth by 2022 according to new research report

Industrial Market Research

The report on the global Precious metal catalysts market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

Get research details now! Make an enquiry for a fast response. 

- Advertisement -

According to the report, “Precious Metal Catalysts Market, by Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium) End-user (Automobile, Pharmaceutical, Refinery) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, the market for Precious Metal Catalysts is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.


With advancements in technology, there is a sudden surge in the emission norms among developing and developed countries due to which there is a significant rise in the global precious metal catalysts market. Companies are investing heavily in research and development activities to reduce costs and improve quality associated with catalysts.

Automobile industries are also investing heavily which is contributing towards the market growth.

Get research details now! Make an enquiry for a fast response. 

- Advertisement -
This report studies the current and future aspects of precious metal catalysts market.


  • In automobiles, metal catalysts are used to remove toxic substances from the car exhausts. Rise in the number of automobile industries is a major driving factor for the global precious metal catalysts market during the forecasted period. The newly developed emission standard in improving catalysts technologies is creating new opportunities for the market to grow.
  • In addition, precious metal catalysts are also being used in pharmaceutical and petrochemical a company, which is contributing towards the market growth. Use of precious metal catalysts in refineries is boosting the progress of the market.
  • However, temperature dependent performance of catalysts, and loss of activity due to thermal deactivation is hampering the growth of the precious metal catalysts market.

The precious metal catalysts market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor of the precious metal catalysts market.

The market in developing countries is also growing steadily. Owing to the rise in emission control and expansion of automobile, petrochemical, pharmaceutical, and refinery industries are some major driving factors for the growth of the market in Asia-Pacific region.

Countries like China and India are adapting to stringent emission control a norm which is estimated to drive the market during the forecasted period.


This report analyzes the precious metal catalysts market by the following segments:

  • Precious Metal Catalysts Market, by Type
  • Platinum
  • Palladium
  • Rhodium
  • Iridium
  • Ruthenium
  • Precious Metal Catalysts Market, by End User
  • Automobile
  • Pharmaceutical
  • Refinery
  • Others


Key players in the precious metal catalysts market include:

  • Evonik Industries AG
  • Johnson Matthey PLC
  • Heraeus Group
  • Clariant International Ltd
  • Umicore Sa
  • Alfa Aesar
  • Shaanxi Kai Da Chemical Engineering Co.,Ltd
  • Xi'an Catalyst New Materials Co.,Ltd
  • Vineeth Precious Catalysts Pvt. Ltd.


News From

Scalar Market Research - Market ReportsScalar Market Research
Category: Market Research Publishers and RetailersCompany about: Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers acrystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast. Find out more about ...