Precious Metal Catalysts Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2027
Global precious metal catalysts market is projected to cross USD 18 billion market through 2027, growing at a CAGR of 5% during the forecast period. The growth in the global precious metal catalysts market can be attributed to the increasing investments towards technological innovations. In addition to this, rising government regulations towards environmental emissions in developing as well as developed economies is another contributing factor for the growth of precious metal catalysts globally. Moreover, growing automotive sector would escalate the consumption of precious metal catalysts in varied applications, which is positively impacting the growth of the market. Global precious metal catalysts market is segmented based on type, end user and region. By End user, Automobile and refinery holds the major share in the market. Catalysts help the environment by controlling pollution, hence they are widely used in the industrial sector. Regionally, Asia-Pacific market share in the precio...