Palladium Catalyst Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Palladium is a lustrous silver-white metal which is used as an oxidation catalyst. Palladium has an excellent property for oxidation of hydrocarbons and has good thermal durability. Palladium acts as a well-designed washcoat for the removal of NO_x from vehicle emissions. Palladium is the main constituent as it is efficient at removing un-burnt and partially burnt hydrocarbons from the fuel. Palladium catalyst is used in the formation of C-C and C-heteroatom bonds and in palladium-catalyzed cross-coupling reactions of perfluoro organic compounds such as tetrafluoroethylene and hexafluorobenzene. Palladium catalysis has gained wide applications in industrial and academic synthetic chemistry laboratories. Palladium-assisted processes have become vital tools, spanning countless applications in the syntheses of natural products, polymers, agrochemicals, and pharmaceuticals.

Market Dynamics

The global palladium catalyst market is driven by increase in usage of palladium in catalytic convertor in the automotive industry. Stringent emission control laws and fuel efficiency regulations imposed by regulatory bodies around the globe are expected to fuel the demand for palladium catalyst in catalytic convertors. Increase in disposable income of the middle class population and rising concerns regarding environment protection is anticipated to boost the growth of palladium catalyst market. However, availability of substitutes and fluctuations in the prices of palladium element is likely to restrain the growth of palladium catalyst.

Market Classification

The global palladium catalyst market is segmented based on product type, application, and geography. Based on product type, the market is segmented into homogeneous and non-homogeneous. Based on application, the market is segmented into automotive, aerospace, chemical production, petrochemical, and pharmaceutical. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific region is poised to grow rapidly over the forecasted years owing to the rapid industrialization and low production costs in the developing countries such as China, Japan, India, and South Korea.

Report Coverage

Market Participants

Some of the major players in the global palladium catalyst market include Umicore; Johnson Matthey Fine Chemicals; The Hartwig Group; Acros Organics; American Element; and Alfa Aesa among others.

Market Segmentation

Market By Product Type

·         Homogeneous

·         Non-Homogeneous

Market By Application

·         Automotive

·         Aerospace

·         Chemical Production

·         Petrochemical

·         Pharmaceutical

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA