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BASF SE (Germany) and Evonik Industries AG (Germany) are the Key Players in the Precious Metal Catalysts Market

In the last decade, emission control norms have been more stringent in many developing and developed countries, with developed regions such as North America and Europe becoming tougher with legal implications.

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BASF SE (Germany) and Evonik Industries AG (Germany) are the Key Players in the Precious Metal Catalysts Market

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  1. Precious Metal Catalysts Market Precious Metal Catalysts Market worth 19.41 Billion USD by 2022 View Full Report @ https://bit.ly/2K3E5bF

  2. Introduction • MarketsandMarkets projects that the precious metal catalysts market size will grow from USD 14.37 Billion in 2017 to USD 19.41 Billion by 2022, at a CAGR of 6.19% from 2017 to 2022. • Browse 133 Market Data Tables and 30 Figures spread through 178 Pages and in-depth TOC on "Precious Metal Catalysts Market by Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium) End-use Industry (Automobile, Pharmaceutical, Refinery), and Region - Global Forecast to 2022" View Full Report @ https://bit.ly/2K3E5bF

  3. Drivers & Restrains • It is projected to witness significant growth in the next few years due to advancements in technology and the high efficiency of precious metal catalysts. • Growth in demand in automobile and pharmaceutical applications, along with environment concerns and their legal implications is the key factor fueling the growth of the precious metal catalysts market. • The precious metal catalysts market has opportunities owing to the increase in R&D activities by companies to reduce costs and improve the quality of catalysts and the rise in investments in the automobile sector, which will drive the demand for emission control catalysts. • Catalysts’ factors such as performance dependency on temperature & loss of activity through poising and thermal deactivation along with the use of new nano-particle catalysts are restraining the growth of the precious metal catalysts market. View Full Report @ https://bit.ly/2K3E5bF

  4. Industry Insights • On the basis of types, precious metal catalysts considered for the study include platinum, palladium, rhodium, iridium, and ruthenium. • The platinum segment is projected to grow at the highest CAGR from 2017 to 2022. The dominant market position of the platinum catalyst segment can be attributed to its stable electrical properties. • It is also resistant to chemical reactions and does not oxidize even at high temperatures, and therefore, is extensively used as an ingredient for processing catalyst. • Platinum is the most widely used precious metal as a catalytic converter for automobiles as it is highly resistant to corrosion, high temperature, and to sulfur poisoning that is found in gasoline and diesel engines. • In terms of value, the automobile sector, by end-use industry, is projected to grow at the highest rate during the forecast period. This growth is attributed to the rise in stringent emission standards and the growth in the automotive industry. View Full Report @ https://bit.ly/2K3E5bF

  5. Regional Insights • In 2016, the European region accounted for the largest share of the global precious metal catalysts market. • However, as the precious metal catalysts market in developed countries is maturing, markets in developing countries such as China and India are projected to grow at the highest rates from 2017 to 2022. • The Asia-Pacific region is projected to grow at the highest CAGR compared to those of other region-level markets, owing to the rise in concern regarding emission control and rapid expansion of end-use sectors such as automobiles, pharmaceuticals, refinary, and petrochemical. View Full Report @ https://bit.ly/2K3E5bF

  6. Key Players • The global precious metal catalysts market is dominated by players such The global market for precious metal catalyst is dominated by players such as as BASF SE (Germany), Evonik Industries AG (Germany), Johnson Matthey Plc (U.K), Heraeus Group (U.K.), Clariant International Ltd (Switzerland), Umicore SA (Belgium), Alfa Aesar (U.S.), and Vineeth Precious Catalysts Pvt. Ltd. (India) etc. • These players adopted various strategies such as new product and technology launches, expansions & investments, agreements & contracts, joint ventures, and mergers & acquisitions to develop the precious metal catalysts market. View Full Report @ https://bit.ly/2K3E5bF

  7. About Us • MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging 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 Markets and Markets™ for their pain points 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. View Full Report @ https://bit.ly/2K3E5bF

  8. How Markets & Markets is different? • Most-detailed market segmentation in the industry • In-depth analysis of patents and profiles of key market players providing a competitive landscape • Market data for segments such as technologies, services & applications across geographies • High level analysis of major market segments and identification of opportunities. View Full Report @ https://bit.ly/2K3E5bF

  9. Thank You Contact Us Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com View Full Report @ https://bit.ly/2K3E5bF

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