Lucintel's latest market report analyzed that precious metal catalyst provides attractive opportunities in the building & construction, automotive, textile, paper, and plastic & polymer industries. The precious metal catalyst market is expected to reach $6.8 billion by 2028 with a CAGR of 4.8%. In this market, organic pigment is the largest segment by application, whereas building & construction is largest by end use industry.
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Based on application, the precious metal catalyst market is segmented into organic pigment and inorganic pigment. The organic pigments segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing environmental regulations in the plastic industry and organic pigments have superior heat stability and excellent light fastness properties.
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The Precious Metal Catalyst Market is marked by the presence of several big and small players. Some of the prominent players offering precious metal catalyst include ALTANA AG, Ferro, DIC Corporation, Tronox, Heubach, and Clariant.
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