Chicago, IL -- (SBWIRE) -- 09/13/2017 -- With advancements in technology, there is a sudden surge in the emission norms among developing and developed countries due to which there is a significant rise in the global precious metal catalysts market. Companies are investing heavily in research and development activities to reduce costs and improve quality associated with catalysts. Automobile industries are also investing heavily which is contributing towards the market growth. This report studies the current and future aspects of precious metal catalysts market.

The report on the global Precious metal catalysts market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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The precious metal catalysts market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Europe region holds the highest market share and is the largest revenue contributor of the precious metal catalysts market. The market in developing countries is also growing steadily. Owing to the rise in emission control and expansion of automobile, petrochemical, pharmaceutical, and refinery industries are some major driving factors for the growth of the market in Asia-Pacific region. Countries like China and India are adapting to stringent emission control a norm which is estimated to drive the market during the forecasted period.

MARKET SEGMENTATION

This report analyzes the precious metal catalysts market by the following segments:

Precious Metal Catalysts Market, by Type

1. Platinum
2. Palladium
3. Rhodium
4. Iridium
5. Ruthenium

Precious Metal Catalysts Market, by End User

1. Automobile
2. Pharmaceutical
3. Refinery
4. Others

KEY MARKET PLAYERS

Key players in the precious metal catalysts market include:

1. BASF SE
2. Evonik Industries AG
3. Johnson Matthey PLC
4. Heraeus Group
5. Clariant International Ltd
6. Umicore Sa
7. Alfa Aesar
8. Shaanxi Kai Da Chemical Engineering Co.,Ltd
9. Xi'an Catalyst New Materials Co.,Ltd
10. Vineeth Precious Catalysts Pvt. Ltd.

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