The Precious Metal Catalysts Market size is estimated to grow from USD 14.37 Billion in 2017 to USD 19.41 Billion by 2022, at a CAGR of 6.19%.
Browse 133 Market Data Tables and 30 Figures spread through 178 Pages and in-depth TOC on "Precious Metal Catalysts Market".

Request a report Sample @ https://bit.ly/2X8ZwtB

Market Dynamics
Drivers
• Growing demand from end-use sectors
• Environmental concern and their legal implications
Restraints
• Performance dependency on temperature & loss of activity through poising and thermal deactivation
• Emergence of nano-particle catalysts
Opportunities
• R&D activities to reduce costs and to improve the quality of catalysts
• Increasing investment in automobile sectors
Challenges
• Precious metals price volatility
• Rising demand of electronic vehicles (EVs) will reduce the usage of precious metals in automobile
• Less stringent emission regulation in APAC region

“European precious metal catalysts market accounted for the largest share in 2016”
The European region accounted for the largest share of the precious metal catalysts market in 2016, wherein Germany accounted for the largest country-level market. The government’s stringent emission norms and the growth in end-use sectors such as automobile, refinery, pharmaceutical, and petrochemical are some of the factors driving the precious metal catalysts market in Europe. The market in this region is growing rapidly due to the presence of numerous leading players. Its significant hold on industries such as automotive, pharmaceutical, refinery, and mass transport has played a crucial role in the growth of the market for precious metal catalysts in the European region.

In 2015, Evonik commissioned a new pilot plant at its production site in Shanghai for precious metal powder catalysts (PMPC). The new pilot plant would accelerate the upscaling process for commercial catalysts and help Evonik offer customers with higher flexibility, customized solutions for developing and manufacturing pharmaceuticals, industrial & fine chemicals, and shorter turnaround time in China.

Do Inquiry Before Buying at https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=166753795

Critical questions the report answers:
• What is the environmental, economical, and technological scenario currently prevailing in different regions and their impact on the demand for precious metal catalyst?
• What are the upcoming economical substitutes of precious metal catalyst?
• What are the major industrial trends influencing the growth of precious metal catalyst market?

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]