Global Precious Metal Catalysts Strategic Business Report 2023: Growing Focus on Green Hydrogen to Stimulate Demand for Precious Metal Catalysts

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11 Jul, 2023, 22:15 ET

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DUBLIN, July 11, 2023 /PRNewswire/ -- The "Precious Metal Catalysts: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Precious Metal Catalysts estimated at US$16.2 Billion in the year 2022, is projected to reach a revised size of US$28.2 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Platinum, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$10.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Palladium segment is readjusted to a revised 7.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 9.2% CAGR

The Precious Metal Catalysts market in the U.S. is estimated at US$4.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.2 Billion by the year 2030.

Select Competitors (Total 70 Featured) -

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/l8wd5o

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SOURCE Research and Markets