Metal Catalysts Market Research, 2031
The global metal catalysts market was valued at $18.8 billion in 2021, and is projected to reach $29.1 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
Report key highlighters:
- The global metal catalyst market has been analyzed in terms of value ($million) and volume (Tons). The analysis in the report is provided on the basis of type, insulation type, end-use industry, 4 major regions, and more than 15 countries.
- The metal catalyst market is fragmented in nature with few players such as Alfa Chemistry, BASF SE, Chimet S.p.A., heraeus holding gmbh, Clariant AG, Alfa Aesar, Thermo Fisher Scientific, Johnson Matthey plc, Vineeth Precious Catalysts Pvt. Ltd., AMERICAN ELEMENTS, Evonik Industries AG.
- Latest trends such as development of sustainable metal catalyst technology by key manufacturers across various regions has been covered in the report.
- The study covers key strategies such as acquisition, merger, product launches, business expansion, agreement, and partnership of manufacturers for a better understanding of metal catalyst market.
- The report also covers key regulation analysis of metal catalyst market across North America, Europe, Asia-Pacific, and LAMEA regions.
Metal catalysts are also known as chemical compounds which are used to improve the rate of a chemical reaction by lowering and improving the activation energy of metal. Precious metal catalysts such as platinum, palladium, vanadium, zinc, titanium, and others are corrosion resistant, thermally, electrically stable, environment friendly, and best suited for high-performance applications owing to which it is used in the industrial, petrochemical, automotive, medical, and others.
Robust demand from pharmaceutical industry is expected to boost the global metal catalyst demand
Surge in demand for precious metals in the pharmaceutical industry is projected to drive the growth of the metal catalysts market during the forecast period. In addition, an increase in the R&D investment in the biomedical industry and robust use of platinum metal during pharmaceutical drug production has enhanced the performance of the metal catalyst market where platinum, iridium, and palladium metal catalyst are used during quickly assembling a chemical structure common in antibiotics and anti-tumor compounds. These factors are projected to escalate the potential sales of the metal catalysts market in the coming years.
However, metal catalysts have a high initial cost, and they can be toxic during the production process. In addition, it has adverse effects on health such as eye irritation, cough, throat infection, skin irritation, and others, and the rise in prices of raw materials which are used in the production of metal catalysts has hampered the growth of the market. These factors are responsible for the decline in the growth metal catalysts market.
On the contrary, rise in urbanization, increase in demand for housing infrastructure, rise in population, up-gradation in technology, and modulation in automobile parts have escalated the growth of metal catalysts in the automotive sectors. Metal catalysts have good thermal and electrical stability, are economically viable, and can easily recycle owing to such functionalities metal catalysts are widely used in automotive exhaust filtration and high standard emission of vehicles. These factors coupled together drive the market growth; thus, creating remunerative opportunities in the market.
The global metal catalyst market analysis is done on the basis of catalysts type, applications, and region. the market is divided into platinum, ruthenium, palladium, titanium, zinc, copper, and others. On the basis of application, it is fragmented into automotive, petrochemical, pharmaceutical, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Alfa Aesar, Thermo Fisher Scientific., Alfa Chemistry., American Elements, BASF SE, CHIMET, Clariant AG, Evonik Industries AG, Heraeus Holding, Johnson Matthey, and Vineeth Precious Catalysts Pvt. Ltd.
The Asia-Pacific metal catalyst market size is projected to grow at the highest CAGR of 4.8% during the forecast period and accounted for 43% of metal catalysts market share in 2021. This is attributed to the proliferating demand for iron & steel from various end-use sectors such as industrial, construction infrastructure, automotive and others have led the iron & steel manufacturers to increase their production capacities where metal catalysts are widely used for temperature stability purposes. For instance, according to a report published by India Brands Equity Foundation, India’s finished steel consumption is anticipated to increase to 230 metric ton (MT) by 2030-31 from 93.43 metric ton (MT) in 2020-2021.
Furthermore, China's consumer electronics sector is increasing rapidly, which in turn has enhanced the performance of the metal catalyst market in the region. Ruthenium metal catalysts are thermally electrically stable, so it is used in the electronic industry in chips and resistors. According to a report published by the United Nations Statistics Division, China witnessed around 28.7% of the global manufacturing output for consumer electronic products in 2019. Also, countries such as India and Australia are witnessing a rapid increase in automotive sectors where metal catalyst is employed in automotive exhaust filtration. These factors are positively driving the growth of ceramic foam during the forecast period.
In 2021, the palladium segment was the largest revenue generator, and is anticipated to grow at a CAGR of 4.4% during the forecast period. widespread use of palladium catalysts in electronics, dentistry, and jewelry industry is likely to boost the market in the coming years. Another use of palladium catalyst is in the petrochemical industry as a catalyst in the production of terephthalic acid and in the purification of hydrogen peroxide. This factor is anticipated to drive the market growth; thus, creating remunerative opportunities for the market.
By application, the petrochemical segment dominated the global market in 2021, and is anticipated to grow at a CAGR of 5.4% during the forecast period. The expansion of the petrochemical industry in packaging, electronics, automotive, and construction is the key trend for the metal catalysts market. The petrochemical industry uses precious metal catalysts such as platinum on alumina and platinum oxides are mainly used to produce high-octane gasoline and many organic chemicals critical in the manufacturing of various petrochemical products. Moreover, zeolite catalysts are used in petrochemical industries for cracking hydrocarbons. This factor is projected to fuel the market for metal catalysts during the forecast period.
"High investment in R&D from both developed and developing economies has enhanced the overall performance of the metal catalyst market. For instance, in Japan researchers have used machine learning methods to cut the time taken to predict the catalytic activity of distinct meals. scientists have developed long regarded a value called the d-band center as a key indicator of a metal’s catalytic activity."
COVID-19 Impact Analysis:
The metal catalyst market had a negative impact due to the wake of the COVID-19 pandemic. Fluctuation in the prices of metals had a negative hit on the market globally. In addition, decreases in the potential sales of automotive and metal industry have affected the market negatively. For instance, according to an article published by, The Economics Times in January 2021, India's crude steel output falls 10.6% to 99.6 million tons in 2020. However, the rise in demand for construction, automotive, manufacturing units, and increasing focus on an escalating economic recovery across the globe has supported the metal cutting gas market in 2021. In addition, an increase in the potential sales of automotive and chemical industry in 2021 has driven the market post COVID-19. For instance, according to data revealed by the StatCan, Canada’s automotive sector increased by around 6.5% in 2021 as compared to 2020, owing to increase in imports and exports activities.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal catalysts market analysis from 2021 to 2031 to identify the prevailing metal catalysts market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the metal catalysts market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global metal catalysts market trends, key players, market segments, application areas, and market growth strategies.
Metal Catalysts Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 29.1 billion |
 Growth Rate | CAGR of 4.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 462 |
 By Catalyst Type |
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 By Applications |
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 By Region |
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 Key Market Players | Evonik Industries AG, heraeus holding gmbh, Alfa Aesar, Thermo Fisher Scientific, Alfa Chemistry, Clariant AG, Vineeth Precious Catalysts Pvt. Ltd., BASF SE, Johnson Matthey plc, Chimet S.p.A., AMERICAN ELEMENTS |
Analyst Review
According to CXOs of leading companies, the global metal catalysts market is expected to exhibit high growth potential. Metal catalysts are corrosion resistant, thermally, and electrically stable owing to which they are widely used in automotive exhaust filters, petrochemical refining, industrial chemicals, and other end-use sectors. This may propel the growth of the metal catalyst market. In addition, metal catalyst accelerates chemical reaction owing to which it has a wide range of applications in pharmaceutical, industrial chemical, and other applications. Moreover, it has good thermal and electrical stability. Thus, it is extensively used in high performance applications. Furthermore, corrosion resistance and sustainable property of platinum and ruthenium metal catalyst are best suited in biomedical industry. CXOs further added that sustained economic growth and development of the automotive and industrial sector led to a rise in popularity of metal catalyst.
Metal catalysts are recognized as the most important catalyst which is useful in accelerating chemical reaction and lipid oxidation process. Some of the metal catalysts are palladium, platinum, copper, iridium, ruthenium, and among others. These metal catalysts have respective chemical and physical properties due to which it is extensively used in various end-use industries such as automotive, aerospace, biomedical, and others. Metal catalysts possess high mechanical and physical strength, and they can withstand high temperatures owing to which it has a wide range of applications in the industrial sector.
Several key manufacturers have increased their production capacities for metal catalysts due to their widespread use in biomedical, industrial chemicals, petrochemicals, and others. This is anticipated to boost the market during the forecast period. Furthermore, international trade and production of petrochemical-based products have increased the demand for metal catalysts where platinum oxide, ruthenium, palladium, and others have been used in petroleum refining applications. This factor is predicted to create remunerative opportunities for the expansion of the metal catalyst market in the future.
Alfa Chemistry, BASF SE, Chimet S.p.A., heraeus holding gmbh, Clariant AG, Alfa Aesar, Thermo Fisher Scientific, Johnson Matthey plc, Vineeth Precious Catalysts Pvt. Ltd., AMERICAN ELEMENTS, Evonik Industries AG.
The metal catalysts market was valued at $18.8 billion in 2021 and is estimated to reach $29.1 billion by 2031, exhibiting a CAGR of 4.5% from 2022 to 2031.
Asia-Pacific region is the largest market in the metal catalyst market.
Launch of innovative metal catalysis technology is the recent key market trend in the metal catalyst market.
Petrochemical application is the leading segment in metal catalyst market.
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