Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
These precious metal catalysts dynamics determine how they go specifically within the PPCC (Platinum and Palladium Carbon Catalyst) market. Such metals are rare and valuable; hence find wide applications across diverse industries where catalysis comes into play. Therefore, developments are taking place here, which include supply & demand dynamics together with economic conditions, technological advances, and environmental regulations, among others.
Their supply chains are stretched since mining activities of platinum group metals (PGMs) like platinum and palladium are complex processes that face many challenges thus impacting on availability of these metals at end users’ level. For instance any hiccup during mining or refining stages can create dearth of supplies while causing disruptions throughout PGM’s markets economics. As well there exist uncertainties with regard to geopolitical factors within important mining locations resulting from supply side volatility.
On the other hand, automotive industry drives demand for platinum/palladium carbon catalysts globally needed in catalytic converters used during emission control systems by cars worldwide. This is because catalytic converters are the usual applications of both metals in motor vehicles. The automotive industry being the most prominent emitter of platinum and palladium has to adhere to stringent emissions standards. Consequently, changes in these regulations can significantly affect the market dynamics due to its direct impact on demand. Moreover, market for platinum and palladium have been diversified due to growth of third generation renewable energy programs such as fuel cells.
PPCC market dynamics development is dependent on technological progress. Manufacturers continue carrying out research and development towards enhancing catalytic processes efficiency, exploring new fields and finding alternative materials. Innovations in catalyst technology may influence demand patterns causing shifts in the market dynamics of platinum/palladium carbon catalysts. At the same time, changes in recycling technologies can also affect supply side by providing a different source of this precious metal hence changing market characteristics.
Legislations on the environment are becoming stringent globally particularly on vehicles that have catalytic converters in which platinum-group-metals (PGMs) Pt & Pd are mainly used. On this basis, majorly due to worldwide intensified emission standards by governments for automotive exhaust systems, requiring a lot of these two metals. Consequently, regulations on PGM-catalyzed pollution controls devices manufacturing companies could be very volatile as legislation changes over time with ecology requirements since they may need more or less amounts at certain times.
In addition, market players continuously monitor changes in regulatory frameworks hoping that their marketing positions will stay ahead of the competition from other players within the same sector; thus indicating how environmental policies and business trends interact.
Platinum Palladium Carbon Catalyst Market Highlights:
Market Overview
The global platinum and palladium carbon catalyst market is estimated to reach over USD 540 million by the end of 2024, expanding at a CAGR of 4.0% during the forecast period.
Platinum- and palladium-carbon catalysts are extensively used in the chemical and pharmaceutical manufacturing industries as hydrogenation catalysts for a wide variety of organic synthesis and coupling reactions. Platinum catalyst and palladium catalyst are supported on charcoal or activated carbon to optimize the surface area and activity. Platinum- and palladium-carbon catalyst are often referred to as platinum on carbon (Pt/C) and palladium on carbon (Pd/C). These catalysts find application in the chemical, pharmaceutical, automotive, petrochemical, and electronic industries as they enhance the performance during chemical processing and organic synthesis. The performance of platinum- and palladium-carbon catalyst can be described based on mesh size, noble metal content, and purity of carbon, among others. Moreover, the activity of platinum and palladium on carbon is highly susceptible to the method chosen to introduce palladium/platinum into the structure and to absorb it on the surface of the charcoal particles.
The platinum catalyst is widely used in the automobile exhaust system to reduce the emission of volatile organic compounds, oxides of sulfur and nitrogen, and other pollutants. Palladium catalyst is widely used in the industrial organic industry and reactions, including carbon-carbon multiple bond reduction, reduction of nitro and nitroso compounds, aromatic ring saturation, reductive aminations/alkylation, and hydrogenolysis.
The positive outlook of the automotive industry and efforts made by automakers to reduce the emission and carbon footprint owing to increasing environmental concerns and stringent emission regulations are expected to drive the growth of the global platinum carbon catalyst market during the forecast period. The market growth is also influenced by the surging demand for hydrogen fuel cell vehicles, particularly in Europe, the US, and Japan. Furthermore, the growing chemical and pharmaceutical industries in the developing economies such as India, China, Brazil, and ASEAN countries is also expected to fuel the growth of the global market. By metal type, platinum carbon catalyst segment is expected to dominate the global market and witness healthy growth owing to its lower price as compared to palladium.
However, the high cost of platinum and palladium, and the availability of substitute products are expected restrain the growth of the global market during the forecast period. Â
Key Players
Some of the key players operating in the global platinum- and palladium-carbon catalyst market are Johnson Matthey (UK), Evonik Industries AG (Germany), BASF AG (Germany), Clariant AG (Switzerland), Vineeth Precious Catalysts Pvt. Ltd (India), Sabin Metal Corporation (US), FUJIFILM Wako Pure Chemical Corporation (Japan), American Elements (US), Chimet S.p.A. (Italy), Heraeus Group (UK), Alfa Aesar (US), Shaanxi Kaida Chemical Engineering Co., Ltd (China), Shanxi Kaida Chemical (China), KaiDa Chemicals (China), and Umicore N.V. (Belgium).
Global Platinum and Palladium Carbon Catalyst Market Share, By End-Use Industry, 2018 (%) Â 
Source: MRFR Analysis
Regional Analysis
The global platinum- and palladium-carbon catalyst market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia-Pacific dominated the global platinum- and palladium-carbon catalyst market in 2018 and is expected to witness significant growth during the forecast period, on the account of robust chemical, pharmaceutical and automobile manufacturing outlook in the region, particularly in India, China, and ASEAN countries. China is expected to witness healthy growth in terms of demand for platinum catalyst and palladium catalyst, owing to the growth of the automotive and chemical industries in the country. Moreover, initiatives by the governments to support the growth of domestic manufacturing index is expected to drive the growth of the platinum- and palladium-carbon catalyst market in India.
North America and Europe are expected to be prominent markets for platinum- and palladium-carbon catalyst, owing to the recovering automotive industry with increasing demand for electric vehicles. Latin America is expected to be an opportunistic market and witness healthy growth owing to recovering economics and expanding automotive and chemical industries in Brazil and Mexico. The Middle East & Africa is projected to witness relatively moderate growth in the global platinum- and palladium-carbon catalyst market during the forecast period.
Segmentation Analysis
The global market has been segmented based on metal, end-use industry, and region.
On the basis of metal, the global platinum- and palladium-carbon catalyst market has been categorized into platinum-carbon catalyst and palladium-carbon catalyst.
By end-use industry, the global platinum- and palladium-carbon catalyst market has been divided into automotive, chemicals, aerospace, pharmaceuticals, and others.
The global platinum- and palladium-carbon catalyst market, by region, has been segregated into North America, Latin America, the Middle East & Africa, Europe, and Asia-Pacific.
Target Audience
- Manufacturers of platinum- and palladium-carbon catalyst
- Traders and distributors of platinum- and palladium-carbon catalyst
- Research/education institutes
- Industry associations
- Potential investors
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
