Portland, OR -- (SBWire) -- 09/22/2017 --Metals that are corrosion resistant and offer oxidation in moist are known as noble metal catalysts. Noble metals include platinum (Pt), Osmaium (Os), palladium (Pd), ruthenium (Ru), silver (Ag), iridium (Ir), and gold (Au). These metals are considered valuable, as they are rarely found in the earths crust, and their utility in metallurgy and ornamentation (jewelry, sacred objects, and art).

The growth of the global Noble Metal Catalyst Market is driven by its widespread applications. However, performance dependency on temperature and loss of activity through poising & thermal deactivation hamper the market growth. Moreover, high cost of the metal restrains the market growth. Ongoing R&D activities to reduce costs and improve the quality of catalysts are expected to provide lucrative opportunities for the market.

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Noble Metal Catalyst Market Key Segments:

By Product

-By Reactive Metal
o Ag Catalyst
o Platinum Catalyst
o Palladium Catalyst
o Rhodium Catalyst

-By Catalytic Reaction
o Homogenous Catalysis Use
o Heterogenous Catalysis Use

By Application

-Pharmaceutical
-Refinery
-Automobile
-Others

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