Platinum and Palladium Catalyst Market expected to witness 10% CAGR by 2020-2026
Posted On September 02, 2020
Global Platinum And Palladium Carbon Catalyst Market was valued at around USD 515 million in 2019, and is expected to witness 10% CAGR during 2020-2026 as per the market report by Value Market Research. The rapidly expanding petrochemical industry is the most significant contributing factor for the platinum and palladium catalysts market. Growing energy demands to meet the increasing global population requirements will boost this market's development in the alternative energy sector. The rising demand for hydrogen fuel cell vehicles and the robust pharmaceutical will foster this market's growth. Stringent rules regarding carbon emission and carbon footprints and growing environmental concerns will further propel these catalysts' demand in the automotive sector. The biggest challenge faced by this market, depending on the precious metals' platinum and palladium, is the price and availability of raw materials.
Platinum and palladium carbon catalysts are powders composed of platinum and palladium loaded on an activated carbon matrix. These powders are available in various loading percentages and exhibit high purity, high surface area, and enhanced activity. They are used to prepare well-dispersed electrocatalysts for electrochemical processes. These Catalysts enable the formation of highly uniform electrode structures and are harbored in organic chemistry and synthetic chemical applications. These catalysts of highly precious metals play a vital role in the hydrogenation and hydrogenolysis of organic compounds like bioethanol, alternative energy, and fuel cell technologies. They are used as the building blocks for sensor elements as well.
The report “Global Platinum And Palladium Carbon Catalyst Market Report By Type (Platinum Carbon Catalyst, Palladium Carbon Catalyst), By Applications (Petrochemical, Pharma, Fine Chemical) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the XXX market, thus making the foundation of the report strong and reliable.
On the basis of type the market is segmented into Platinum Carbon Catalyst, Palladium Carbon Catalyst. By applications the platinum and palladium carbon catalyst market is categorised as Petrochemical, Pharma, Fine Chemical. Regionally, the report is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In this section of the report the data related to all the segments are analysed as per regions.
The Report Segments Global Platinum And Palladium Carbon Catalyst Market -
- Platinum Carbon Catalyst
- Palladium Carbon Catalyst
- Fine Chemical
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Johnson Matthey, Evonik, BASF, Clariant, Vineeth Chemicals, Shanghai Petrochemical Catalyst, KaiDa Technology, Suzhou Jinxingda, Chenzhou GaoXin Platinum Industry.
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