According to the recent study the precious metal catalyst market is projected to reach an estimated $6.8 billion by 2028 from $5.3 billion in 2023, at a CAGR of 4.8% from 2023 to 2028. Growth in this market is primarily driven by growing trend of aesthetics in packaging and increasing demand for high performing pigments in various end use applications, such as automotive, packaging, consumer good, and construction industries.
A more than 150 – page report is developed to understand trends, opportunities and forecast in precious metal catalyst market by product (organic pigment and inorganic pigment), type (white, yellow, red, and green), application (painting & coating, printing ink, consumer electronic, and cosmetics), end use industry (building & construction, automotive, textile, packaging, paper, and plastic & polymer, and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Organic pigments market is expected to remain the largest segment during the forecast period.”
Based on application, the precious metal catalyst market is segmented into organic pigment and inorganic pigment. Lucintel forecasts that the organic pigments market is expected to remain the largest segment due to the increasing environmental regulations in the plastic industry and organic pigments have superior heat stability and excellent light fastness properties.
“Within the precious metal catalyst market, the building & construction segment is expected to remain the largest end use industry”
Based on end use industry the building & construction segment is expected to witness the highest growth over the forecast period due to higher demand for pigments in various components, such as roofs, fences, doors, and windows, in the construction and renovation industries.
“Asia pacific will dominate the precious metal catalyst market in near future”
APAC will remain the largest region due to rapid industrialization and growing demand of pigments from the construction, automotive, and packaging industries.
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Major players of precious metal catalyst market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ALTANA AG, Ferro, DIC Corporation, Tronox, Heubach, and Clariant are among the major precious metal catalyst providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pigments-in-plastic-additive-market.aspx or email@example.com