The global PGM Catalyst market is likely to grow at a growth rate of 8.5% to reach USD 20,619.6 million by 2032.

PGM catalysts, or Platinum Group Metal catalysts, consist of metals like platinum, palladium, rhodium, and others from the platinum group. Their main function is to accelerate chemical reactions by offering active sites where reactants can interact more efficiently, without the catalyst itself undergoing substantial changes. PGM catalysts play a vital role in various industrial processes, particularly in automotive catalysts, where they are key components of catalytic converters. These converters transform harmful pollutants such as carbon monoxide, hydrocarbons, and nitrogen oxides into less harmful substances like carbon dioxide, water vapor, and nitrogen.

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The PGM Catalyst market is witnessing significant growth, driven by strict environmental regulations that require industries and vehicles to reduce emissions. This has led to a rising demand for PGM catalysts, which are essential for cutting harmful emissions such as nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC). Additionally, the growing automotive industry, particularly in emerging markets, is fueling the need for PGM catalysts in catalytic converters to comply with tougher emission standards.

KEY INSIGHTS OF THIS REPORT:

• By Material: Platinum (Pt) dominates the market due to its widespread use in automotive catalytic converters, with Palladium (Pd) growing fastest, driven by rising demand in emissions control and hydrogen production.
• By Catalyst: Heterogeneous PGM catalysts hold the largest share, as they are preferred in industrial processes like automotive emissions control, while Homogeneous PGM catalysts are gaining traction in specialized chemical synthesis.
• By End User: The Chemicals Manufacturing segment leads the market, driven by the use of PGM catalysts in industrial processes, with Pharmaceuticals seeing the fastest growth due to increasing demand for efficient drug synthesis.

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL PGM CATALYST MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

• BASF SE
• Evonik Industries AG
• Johnson Matthey
• Umicore
• Heraeus Holding
• Tanaka Holdings Co., Ltd.
• Cataler Corporation
• Haldor Topsoe A/S
• Axens
• Clariant
• Honeywell International, Inc.
• Zeolyst International

GLOBAL PGM CATALYST MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032

• Platinum (Pt)
• Palladium (Pd)
• Ruthenium (Ru)
• Rhodium (Rh)
• Iridium (Ir)

GLOBAL PGM CATALYST MARKET, BY CATALYST- MARKET ANALYSIS, 2019 - 2032

• Heterogeneous PGM catalyst
• Homogeneous PGM catalyst

GLOBAL PGM CATALYST MARKET, BY END USER- MARKET ANALYSIS, 2019 - 2032

• Pharmaceuticals
• Agrochemicals
• Chemicals Manufacturing
• Flavors & Fragrances
• Other

GLOBAL PGM CATALYST MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Russia
  • Netherlands
  • Sweden
  • Poland
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • South Korea
  • Japan
  • Australia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Turkey
  • Algeria
  • Egypt
  • Rest of MEA