Transparency Market Research in its new report titled, “Immunohematology Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the rhodium-based catalyst market. The TMR report anticipates that the increase in demand for rhodium-based catalysts in chemical & petrochemical products and extensive use of these catalysts in medical products are factors augmenting the rhodium-based catalyst market will drive the rhodium-based catalyst market during the forecast period i.e, 2018-2026. As per the report, this is prompting companies to increase production of these catalysts. Additionally, easy availability of raw catalysts is anticipated to boost the demand for rhodium-based catalyst in the near future. The global rhodium-based catalyst market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture these catalysts. Development of new manufacturing processes of rhodium-based catalyst and applications is estimated to propel the market. However, volatility in prices of raw materials prices is projected to hamper the market
The TMR report has segmented the rhodium-based catalyst market on the basis of carrier, type, application and geography. On the basis of carrier, the rhodium-based catalyst market is divided into alumina, silica, carbon, and others. The silica segment of the rhodium-based catalyst market is anticipated to expand at a fast pace due to the increase in demand for these catalysts in chemical and petrochemical applications. In terms of type, the rhodium-based catalyst market is segregated into new catalyst and regenerated catalyst. The new catalyst segment is anticipated to expand at a significant pace owing to the increase in demand for these catalysts in emerging economies such as India and China. On the basis of application, the rhodium-based catalyst market is classified into chemical & petrochemical, medical, dye, pesticide, and polymer materials. The chemical & petrochemical segment dominates the market owing to the extensive use in emerging economies such as India and China.
On a geographical stand, the rhodium-based catalyst market is split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Among these, Asia Pacific is anticipated to constitute key share of the market during the forecast period. The rhodium-based catalyst market in Asia Pacific is also estimated to expand a considerable pace owing to the increase in demand for these catalysts in chemical & petrochemical applications in the region. Middle East & Africa is likely to be an attractive region of the rhodium-based catalyst market during the forecast period due to the rise in demand for these in medical applications in the region. Some of the prominent players operating in the global rhodium-based catalyst market are profiled in this report to give a better competitive landscape and these include Johnson Matthey PLC (Alfa Aesar), BASF SE, Evonik Industries AG, Heraeus Holding, Shanxi Kaida Chemical Engineering Co.,ltd., Strem Chemicals, Inc., Gelest, Inc., and Umicore.
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