Rhodium-Based Catalyst Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
Catalysis is a process of increasing the rate of chemical reaction through the addition of a substance, which may or may not take part in the chemical reaction. This substance is called catalyst. Catalysts are used in smaller amounts in the reactions which results in faster chemical reactions. During the process, the catalyst reacts and creates an intermediate, which then regenerates the original catalyst throughout the reaction. Rhodium-based catalysts are excessively used in reactions for manufacturing organosilicon compounds. These catalysts are suitable for promoting the activation of C-H bond. They are used in catalytic dehydrogenative cross-coupling and C-C bond construction. Growth in the global economy and increase in population in developing economies are anticipated to boost the demand for energy. This, in turn, is estimated to drive the rhodium-based catalyst market in the near future.
Increase in demand for rhodium-based catalysts in chemical & petrochemical products and extensive use of these catalysts in medical products are factors augmenting the rhodium-based catalyst market. This is prompting companies to increase production of these catalysts. Additionally, easy availability of raw catalysts is anticipated to boost the demand for rhodium-based catalyst in the near future.
The global rhodium-based catalyst market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture these catalysts. Development of new manufacturing processes of rhodium-based catalyst and applications is estimated to propel the market. However, volatility in prices of raw materials prices is projected to hamper the market.
In terms of carrier, the rhodium-based catalyst market can be divided into alumina, silica, carbon, and others. The silica segment of the rhodium-based catalyst market is anticipated to expand at a fast pace due to the increase in demand for these catalysts in chemical and petrochemical applications.
Based on type, the rhodium-based catalyst market can be segregated into new catalyst and regenerated catalyst. The new catalyst segment is anticipated to expand at a significant pace owing to the increase in demand for these catalysts in emerging economies such as India and China.
Based on application, the rhodium-based catalyst market can be classified into chemical & petrochemical, medical, dye, pesticide, and polymer materials. The chemical & petrochemical segment dominates the market owing to the extensive use in emerging economies such as India and China.
Based on geography, the rhodium-based catalyst market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute key share of the market during the forecast period. The rhodium-based catalyst market in Asia Pacific is also estimated to expand a considerable pace owing to the increase in demand for these catalysts in chemical & petrochemical applications in the region. Middle East & Africa is likely to be an attractive region of the rhodium-based catalyst market during the forecast period due to the rise in demand for these in medical applications in the region.
Prominent players operating in the global rhodium-based catalyst market include Johnson Matthey PLC (Alfa Aesar), BASF SE, Evonik Industries AG, Heraeus Holding, Shanxi Kaida Chemical Engineering Co.,ltd., Strem Chemicals, Inc., Gelest, Inc., and Umicore.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsSulfone Polymer Market Forecast, Trend Analysis & Opportunity Assessment 2020-2039