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Global Precious Metal Precursor Market by Type (Palladium Nitrate, Platinum Nitrate, Rhodium Nitrate, Others), By Application (Petrochemical, Chemical and Pharmaceutical, Automobile Exhaust Purification Catalyst, Silicone, The Fuel Cell, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-64983
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 75
  • No. Of Pages: 245
  • Format:
  • Pub. Date: 2021-04-04
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The Global Precious Metal Precursor Market size is expected to reach USD 1,057.5 million by 2028 from USD 879.6 million in 2018 at a CAGR of 4.8% during the forecast period (2018-2028). Precious metal precursors are chemical compounds that exhibit catalytic properties and can be used for purification or as a catalyst in various industries such as petrochemical, chemical, pharmaceuticals, and others. The market has been segmented based on type into palladium nitrate, platinum nitrate, rhodium nitrate, and other types; on application into petrochemical, chemicals & pharmaceuticals and automotive exhaust purification catalyst; by region into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

 

 

Precious metal precursors are a group of substances that can be used to make precious metals, such as palladium and platinum. These substances are created by chemical reactions or refined from other products like wastewater sludge. The main types of these precursor chemicals include Palladium Nitrate, Platinum Nitrate, Rhodium Nitrate, and Others (which includes Smaltite).

The world is in a constant state of change. Resources are depleted, and populations grow while the number of sustainable resources dwindles year after year. For this reason, it has been necessary to develop new materials and techniques that allow for an increased level of efficiency with these few remaining resources: precious metals. Precious metal precursors are one of these techniques. These substances react with the metals in order to form a new substance that resembles but is not quite identical to, the metal it was created from.

 

 

On the basis of Type, the global precious metal precursor market is segmented into palladium nitrate, platinum nitrate, rhodium nitrate, and others.

 

 

Palladium Nitrate:

Palladium Nitrate is a chemical compound with the molecular formula Pd(NO)·NHOH. It has a bright white or pink color and crystallizes as octahedral crystals, which can be naturally occurring but are more often found in synthetic form. The use of palladium nitrate for various purposes dates back to 1802 when it was first discovered by Louis Nicolas Vauquelin who noted that there were two basic types, one producing an orange-yellow flame and the other yielding a greenish-blue one. The latter variety proved most useful because it produced less smoke than the former type did without sacrificing too much brightness from its light source. This property made Palladonitrat highly desirable at times when atmospheric clarity was important, such as during military engagements.

 

 

Platinum nitrate:

Platinum nitrate is a platinum-based chemical compound. It has been used in the purification of crude oil and as an important catalyst for hydrogenation reactions. Platinum nitrate was also once prescribed to treat infections, but its use has since declined because other effective treatments have become available.

 

 

Rhodium Nitrate:

Rhodium Nitrate is a chemical compound of rhodium and nitric acid. It is used as an anti-corrosive agent or catalyst for the production of high-end chemicals, fuel cells, silicone, and electroplating to name just a few applications. Rhodium has been predicted by many researchers to become more sought after due to its properties in catalytic conversion efficiency and energy cost savings when compared with platinum which it can replace in some cases.

 

 

On the basis of Application, the global precious metal precursor market is segmented into petrochemical, chemical, pharmaceuticals, and others.

 

 

Petrochemical:

Precious metal precursors are used in the petrochemical industry. They help to reduce the cost and increase the efficiency of the oil refining process which is a major part of petroleum extraction. These substances also provide better heat transfer within the reactor, thus increasing thermal efficiencies by up to 50%.

 

 

Chemical:

Precious metal precursors are added to catalysts used in the chemical industry. They are found in the form of palladium nitrate, platinum nitrate, rhodium nitrate, or other types and they react with hydrogen peroxide to produce hydroperoxides that help break down fats into glycerin and fatty acids. This is particularly important in fat-based products such as margarine, buttercreams, and ice cream so that these can be stored for longer periods without going rancid. These precious metal precursors also play an important role by removing sulfur compounds from gas streams produced during petroleum refining processes which makes them suitable applications for purifying automobile exhausts. In addition, some chemicals like silicone may require a catalyst called platinum-based catalyst to accelerate the rate of polymerization and crosslinking reactions.

 

 

Pharmaceuticals:

Precious metal precursors are used in the pharmaceutical industry as catalysts. They are also used for a variety of other applications such as anti-fouling, fuel cell catalysts, and lithium-ion battery cathodes. The main application of precious metal precursors is in the manufacture of pharmaceuticals. The catalytic properties for hydrogenation reactions are often used to produce medicinally active compounds, such as dihydropyridine calcium channel blockers and EDTA chelating agents.

 

 

On the basis of Region, the global precious metal precursor market is segmented into North America, Latin America (including Mexico), Europe, Asia-Pacific (APAC) region, and Middle East & Africa (MEA). APAC region is the largest market for precious metal precursors and accounted for more than 66% of total global consumption.

The APAC region has witnessed a rapid growth in demand due to the growing population, increasing industrialization coupled with the strong economic conditions. North America accounts for the second-largest share but an expected decline in demand owing to declining interest from new industries because of stringent regulatory norms. Europe is projected to witness moderate growth during the forecast period owing to high production levels and favorable government regulations related to environmental protection which are anticipated to drive innovation efforts by industry players.

 

 

Growth Factors For The Global Precious Metal Precursor Market:

The growth drivers for this market include increasing applications such as catalysts or additives that increase the efficiency of automobile exhaust purification catalyst, fuel cell, and silicone application; high investment cost in industrial production activities which is expected to drive demand during the next decade; increased consumption from emerging economies such as China, India, and Russia with growing GDP per capita coupled with an expanding middle-class population base; growing awareness about environmental concerns among consumers due to latest technologies developed by automakers for use in their vehicles’ engines.



Up Market Research published a new report titled “Precious Metal Precursor Market research report which is segmented by Types (Palladium Nitrate, Platinum Nitrate, Rhodium Nitrate, Others), By Applications (Petrochemical, Chemical and Pharmaceutical, Automobile Exhaust Purification Catalyst, Silicone, The Fuel Cell, Others), By Players/Companies TANAKA, Heraeus, Johnson Matthey, BASF, Umicore, Guiyan Platinum, Hangzhou Kaida Catalysis, Shaanxi Ruike”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Precious Metal Precursor Market Research Report
By Type Palladium Nitrate, Platinum Nitrate, Rhodium Nitrate, Others
By Application Petrochemical, Chemical and Pharmaceutical, Automobile Exhaust Purification Catalyst, Silicone, The Fuel Cell, Others
By Companies TANAKA, Heraeus, Johnson Matthey, BASF, Umicore, Guiyan Platinum, Hangzhou Kaida Catalysis, Shaanxi Ruike
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 245
Number of Tables & Figures 172
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Precious Metal Precursor Industry Outlook
 

Global Precious Metal Precursor Market Report Segments:

The market is segmented by Type Palladium Nitrate, Platinum Nitrate, Rhodium Nitrate, Others and By Application Petrochemical, Chemical and Pharmaceutical, Automobile Exhaust Purification Catalyst, Silicone, The Fuel Cell, Others.

 

Some of the companies that are profiled in this report are:

  1. TANAKA
  2. Heraeus
  3. Johnson Matthey
  4. BASF
  5. Umicore
  6. Guiyan Platinum
  7. Hangzhou Kaida Catalysis
  8. Shaanxi Ruike
 

Precious Metal Precursor Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Precious Metal Precursor Market
 

Overview of the regional outlook of the Precious Metal Precursor Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Precious Metal Precursor Market Overview
 

Highlights of The Precious Metal Precursor Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Precious Metal Precursor Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Palladium Nitrate

                2. Platinum Nitrate

                3. Rhodium Nitrate

                4. Others

       7. By Application:

                1. Petrochemical

                2. Chemical and Pharmaceutical

                3. Automobile Exhaust Purification Catalyst

                4. Silicone

                5. The Fuel Cell

                6. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Precious Metal Precursor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Precious Metal Precursor Market Statistics
 

Reasons to Purchase the Precious Metal Precursor Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precious Metal Precursor Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Precious Metal Precursor Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Precious Metal Precursor Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Precious Metal Precursor Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Precious Metal Precursor Market Size & Forecast, 2018-2028 
      4.5.1 Precious Metal Precursor Market Size and Y-o-Y Growth 
      4.5.2 Precious Metal Precursor Market Absolute $ Opportunity 


Chapter 5 Global Precious Metal Precursor Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Precious Metal Precursor Market Size Forecast by Type
      5.2.1 Palladium Nitrate
      5.2.2 Platinum Nitrate
      5.2.3 Rhodium Nitrate
      5.2.4 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Precious Metal Precursor Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Precious Metal Precursor Market Size Forecast by Applications
      6.2.1 Petrochemical
      6.2.2 Chemical and Pharmaceutical
      6.2.3 Automobile Exhaust Purification Catalyst
      6.2.4 Silicone
      6.2.5 The Fuel Cell
      6.2.6 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Precious Metal Precursor Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Precious Metal Precursor Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Precious Metal Precursor Analysis and Forecast
   9.1 Introduction
   9.2 North America Precious Metal Precursor Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Precious Metal Precursor Market Size Forecast by Type
      9.6.1 Palladium Nitrate
      9.6.2 Platinum Nitrate
      9.6.3 Rhodium Nitrate
      9.6.4 Others
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Precious Metal Precursor Market Size Forecast by Applications
      9.10.1 Petrochemical
      9.10.2 Chemical and Pharmaceutical
      9.10.3 Automobile Exhaust Purification Catalyst
      9.10.4 Silicone
      9.10.5 The Fuel Cell
      9.10.6 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Precious Metal Precursor Analysis and Forecast
   10.1 Introduction
   10.2 Europe Precious Metal Precursor Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Precious Metal Precursor Market Size Forecast by Type
      10.6.1 Palladium Nitrate
      10.6.2 Platinum Nitrate
      10.6.3 Rhodium Nitrate
      10.6.4 Others
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Precious Metal Precursor Market Size Forecast by Applications
      10.10.1 Petrochemical
      10.10.2 Chemical and Pharmaceutical
      10.10.3 Automobile Exhaust Purification Catalyst
      10.10.4 Silicone
      10.10.5 The Fuel Cell
      10.10.6 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Precious Metal Precursor Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Precious Metal Precursor Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Precious Metal Precursor Market Size Forecast by Type
      11.6.1 Palladium Nitrate
      11.6.2 Platinum Nitrate
      11.6.3 Rhodium Nitrate
      11.6.4 Others
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Precious Metal Precursor Market Size Forecast by Applications
      11.10.1 Petrochemical
      11.10.2 Chemical and Pharmaceutical
      11.10.3 Automobile Exhaust Purification Catalyst
      11.10.4 Silicone
      11.10.5 The Fuel Cell
      11.10.6 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Precious Metal Precursor Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Precious Metal Precursor Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Precious Metal Precursor Market Size Forecast by Type
      12.6.1 Palladium Nitrate
      12.6.2 Platinum Nitrate
      12.6.3 Rhodium Nitrate
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Precious Metal Precursor Market Size Forecast by Applications
      12.10.1 Petrochemical
      12.10.2 Chemical and Pharmaceutical
      12.10.3 Automobile Exhaust Purification Catalyst
      12.10.4 Silicone
      12.10.5 The Fuel Cell
      12.10.6 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Precious Metal Precursor Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Precious Metal Precursor Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Precious Metal Precursor Market Size Forecast by Type
      13.6.1 Palladium Nitrate
      13.6.2 Platinum Nitrate
      13.6.3 Rhodium Nitrate
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Precious Metal Precursor Market Size Forecast by Applications
      13.10.1 Petrochemical
      13.10.2 Chemical and Pharmaceutical
      13.10.3 Automobile Exhaust Purification Catalyst
      13.10.4 Silicone
      13.10.5 The Fuel Cell
      13.10.6 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Precious Metal Precursor Market: Competitive Dashboard
   14.2 Global Precious Metal Precursor Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 TANAKA
      14.3.2 Heraeus
      14.3.3 Johnson Matthey
      14.3.4 BASF
      14.3.5 Umicore
      14.3.6 Guiyan Platinum
      14.3.7 Hangzhou Kaida Catalysis
      14.3.8 Shaanxi Ruike
Segments Covered in the Report
The global Precious Metal Precursor market has been segmented based on

By Types
  • Palladium Nitrate
  • Platinum Nitrate
  • Rhodium Nitrate
  • Others
By Applications
  • Petrochemical
  • Chemical and Pharmaceutical
  • Automobile Exhaust Purification Catalyst
  • Silicone
  • The Fuel Cell
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • TANAKA
  • Heraeus
  • Johnson Matthey
  • BASF
  • Umicore
  • Guiyan Platinum
  • Hangzhou Kaida Catalysis
  • Shaanxi Ruike

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