Precious Metal Catalysts Market

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Precious Metal Catalysts MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Precious Metal Catalysts MARKET 2020
Precious Metal Catalysts Market 2020 Industry
Survey, Growth, CompetitiveLandscape and
Forecasts to 2023
The global precious metal catalysts market is
segmented by type, application, and region. On
the basis of the type, the market is segregated
into platinum, palladium, ruthenium, rhodium,
iridium, rhenium, gold, silver, nickel, and
others. The platinum is the most preferred type
of precious metal due to strong electrical
stability, chemical resistance, and corrosion
resistance. It is widely used in crude oil
refining and aromatic compounds production.
Palladium metal consumption is increasing in the
automotive industry owing to resistance to high
temperature and sulfur poisoning. Palladium is
also used in the hydrogenation of unsaturated
hydrocarbon, jewelry, and dental fillings.
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Precious Metal Catalysts MARKET 2020
Market Segmentation Based on the application,
the global precious metal catalysts is segmented
into automotive, refining, pharmaceuticals,
petrochemicals, oil, mining, electronics, and
others. The automotive segment accounted for the
largest market share in the precious metal
catalysts as a result of a reduction in volatile
organic compounds emission. Rising demand for
petrochemicals from the major end use industries
is driving the precious metal catalysts growth.
Precious metals catalysts consumption is
increasing in the refining industry due to high
returns on the recovered precious metals. The
demand for the product is increasing due to
increasing synthesis of highly complex
small-molecule intermediaries and active
pharmaceuticals ingredients owing to increased
atom economy. Growing electronic industry with
rising demand for organic light emitting diodes
in smartphones and TV. Enquiry of the Report
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Precious Metal Catalysts MARKET 2020
Regional Analysis
Based on the region, the precious metal catalysts
market is segmented into North America, Europe,
Asia Pacific, Latin America, and the Middle East
Africa. Europe is leading the precious metal
catalysts market due to growing healthcare
industry with rising geriatric population.
Moreover, rising environmental regulations by the
European Union to reduce the emission of
pollutants is influencing the market growth. Asia
Pacific is the fastest growing region in the
precious metal catalysts market owing to the
increasing production of automobiles in the
developing economies such as India, China, and
Thailand. Growing pharmaceutical industry with
rising health awareness among the consumers is
propelling the market growth. North America is
the second largest region in the global precious
metal catalysts market on account of reviving
automotive industry. Increasing demand for the
fuel-efficient vehicles to reduce the
environmental impacts is stimulating the product
demand. Other regions are likely to witness
moderate growth during the review period due to
growing end-use industries such as automotive and
healthcare.
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Precious Metal Catalysts MARKET 2020
Application Major Players in this Research
Precious Metal Catalysts Market Prominent
Players Some of the key players in the global
precious metal catalysts are BASF SE (U.S.),
Clariant (Switzerland), Chimet S.p.A. (Italy),
Sabin Metal Corporation (U.S.), American Elements
(U.S.), Evonik Industries AG (Germany), Alfa
Aesar (U.S.), Johnson Matthey (U.K), Heraeus
Group (U.K), and Vineeth Precious Catalysts Pvt
Ltd (India).
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