Global Precious Metal Catalysts Strategic Business Report 2023: Growing Focus on Green Hydrogen to Stimulate Demand for Precious Metal Catalysts

DUBLIN, July 11, 2023 /PRNewswire/ -- The "Precious Metal Catalysts: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Precious Metal Catalysts estimated at US$16.2 Billion in the year 2022, is projected to reach a revised size of US$28.2 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Platinum, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$10.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Palladium segment is readjusted to a revised 7.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 9.2% CAGR

The Precious Metal Catalysts market in the U.S. is estimated at US$4.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.2 Billion by the year 2030.

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.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Year 2021 in Review and Near Term Outlook
• 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
• Precious Metal Catalysts - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for 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
• Global Platinum Market by Application (in %) for 2022
• Global Platinum Demand Breakdown (in %) by Automotive Sector: 2022
• Global Rhodium Consumption Breakdown by Application (in %): 2022
• Global Palladium Consumption Breakdown by Application (in %): 2022
• Global Automotive Catalysts Market Breakdown by Platinum, Palladium, and Rhodium Metals
• Recap of COVID-19 Impact on the Automotive Industry in 2020
• 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
• 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
• Platinum Supply by Country in 000 Oz: 2019, 2020, and 2021
• COVID-19-Induced Supply Deficit Pushes Platinum Prices
• Price Trends for Platinum, Palladium, Rhodium, Iridium, and Ruthenium in US$/oz: 2015-2022E
• Factors Influencing Automobile Catalyst & Industrial Demand for Palladium
• Demand for Palladium Slows Down in 2020
• Palladium Vs Platinum: The Race Continues
• Manufacturers Prioritize Thrifting Approach for Reducing the Cost Impact of PGMs
• Pre-Thrifting Vs. Post-Thrifting Cost Structure: A Statistical Comparison
• Pandemic Dishevels Rhodium Supply Situation and Spikes Price Volatility
• Rhodium Price Trends: 2015-2022P
• Emission Norms Spur the Autocatalyst Demand
• Despite Threat from CNG Buses, Diesel Engine-Powered Transit Buses Remain Lucrative for HDD Catalysts Market
• With Diesel Powered Buses Expected to Remain the Prominent Bus Types Globally, HDD Catalysts Market Poised to Benefit: Global Bus Sales Breakdown (in %) by Fuel Type: 2017 & 2022
• Widespread Use in Petrochemical Processes Augurs Well
• Global Demand for Petroleum Products in Million Barrels Per Day (2019, 2020, 2030, 2040)
• COVID-19 Curtails Market Momentum in Petrochemical Applications
• Global Oil Sector Yet to Achieve Full Recovery to Pre-COVID-19 Pandemic Level
• Global Oil Demand in (mb/d): 2019-2022
• New Catalyst-based Approaches to Stimulate Pharmaceutical Innovations & Overcome Precious Metal Supply Issues
• Opportunity Indicators:
• World Prescription Drug Sales (in US$ Billion) for Year 2017, 2019, 2021, 2023 and 2025
• 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

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/l8wd5o

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