Industry Updates:
May 2018 New guidelines in research could
steer the design of less costly, more efficient catalysts aimed at accelerating
up the production of hydrogen as a renewable fuel. By means of its equation,
the team revealed several atom-framework combinations that could approximate
the performance of precious-metal catalysts such as platinum, gold, iridium at
mere thousandths of the cost.
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Competitive Analysis
The competitors in the market are attempting to establish
various leaderships that will enable them to capture a more significant share
of the market. Moreover, the vertical integrations and product strategies of
the market is increasing the prospects for the market players. The employment of
effective strategy execution techniques is anticipated to bear positively on
the future growth of the market. The analysis of the market reveals that it is
poised for a high growth rate in the forthcoming years. Product differentiation
has created a favorable product differentiation scenario that is complementing
the market’s growth. Better accessibility to diverse resources and capabilities
is expected to impel the growth of the market in the coming forecast period.
·
Sabin
Metal Corporation
·
American
Elements
·
BASF
SE
·
Chimet
S.p.A.
·
Evonik
Industries AG
·
Alfa
Aesar
·
Johnson
Matthey
·
Heraeus
Group
·
Clariant
·
Vineeth
Precious Catalysts Pvt Ltd
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Market Forecast:
The usage of nano-particle catalysts is encouraging the
advancement of precious metal catalysts. Market reports connected with the
chemicals and materials industry have been made available by Market Research
Future which generates reports on other business verticals that outlines the
current market scenarios. The market is set to increase at an advantageous CAGR
in the duration of the forecast period.
Applications of precious metal catalysts in refining,
pharmaceuticals, hydrocarbons, petrochemicals, automotive, electronic, and
mining among other are inspiring exceptional growth in the market. Growing
R&D investment in the precious metal catalysts market to decrease cost and
achieve maximum returns from recovered metals is expected to spur the progress
of the market. Escalating demand for hydrogen fuel cells vehicles, which
completes the functions similar to electric vehicles is expected to strengthen
the market growth in the upcoming forecast period.
Segmental Analysis
The Precious Metal Catalysts Market is segmented on the basis of
application, type, and region. Based on type, the precious metal market is
segmented into palladium, platinum, ruthenium, rhodium, rhenium, iridium, gold,
nickel, silver, and others. On the basis of application, the market is segmented
into electronics, pharmaceuticals, automotive, refining, oil, mining,
petrochemicals, and others. Based on region, the market is segmented into
Europe, Asia Pacific, North America, Latin America, Middle East, and Africa.
Detailed Regional
Analysis
The regional analysis of the market states that the European
region was controlling the precious metal catalysts market in 2017 and is
anticipated to see noteworthy development throughout the forecast period.
Revitalization in the automotive industry with growing production of hydrogen
fuel cell vehicles owing to mounting environmental concerns is boosting the
market development. Growth in the healthcare industry along with growing
spending on health care is motivating the demand for the market further.
The Asia Pacific region has emerged as the fastest rising
region in the precious metal catalysts market due to the growing automotive
industry in the developing economies together with growing disposable income.
Growing production of lightweight vehicles as a result of emission standards
set by the Indian government is another important factor driving the market
growth. The North American region is another important region in the precious
metal catalysts market due to the reviving automotive industry that is
witnessing increasing demand for lightweight vehicles. Intensifying growth in
the pharmaceutical industry due to the escalating geriatric population is
inspiring the market growth. The Middle East and African region are
expected to observe moderate development through the forecast period with an
optimistic impact on refiners and petrochemicals as a result of rising end-use
industries.
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