Phase Transfer Catalyst Market Size – USD 1,088.1 Million in 2020, Growth – CAGR of 4.80%, Trends – The advent of medicines with reduced side effects.
The global phase transfer catalyst market is forecast to reach USD 1,594.0 Million by 2028, according to a new report by Reports and Data. These catalysts are specialty chemicals that are used to accelerate the reaction rate between chemicals. It also helps in solubilizing salts in organic phases. The growing concern related to healthcare is the rising demand for medicines which are booming the market of this catalyst.
The market is influenced by the rising growth in the pharmaceutical industry. The growing scope for backward and vertical integration are boosting the market growth. These catalysts help in changing a reactant from one phase to another and is heterogeneous in nature. The increasing adoption of green chemistry for organic chemistry to accelerate reaction to attain high yield are benefiting the market of phase transfer catalyst.
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Leading Players– SACHEM Inc., Nippon Chemical Industrial Co., Tatva Chintan Pharma Chem Pvt. Ltd., Volant-Chem Corp, Tokyo Chemical Industry Co., Dishman Group, Pacific Organics Private Limited, Central Drug House, PAT IMPEX, and Otto Chemie Pvt. Ltd. among others.
Further key findings from the report suggest
- Ammonium Salts held the largest market share of 39.2% in the year 2019. This segment is growing since ammonium salts are cost-efficient in comparison with other heterogeneous phase transfer catalysts. These salts are used in various sectors such as agrochemical, pharmaceutical, and chemical, among several others.
- Active Pharmaceuticals Ingredients are forecasted to grow with a CAGR of 5.5% during the forecast period. The pharmaceutical industry uses this chemical compound for laboratory applications and formulation of various drugs.
- Healthcare Industry held the largest market share of 37.3% in the year 2019. India, China, and Australia became the largest consumer of different catalyst owing to the ever-growing healthcare industry. China became a leader in world pharmaceutical production because of its low-cost labor compared with other countries
- Asia Pacific is forecasted to grow with the highest CAGR of 6.7% during the forecast period. Countries like India, China, South Korea, and Japan are rapidly catching up with the growth in the heterogeneous catalyst market. There are limited rules related to the manufacturing and consumption of such catalysts in the Asia Pacific region, which is propelling the market.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Phase Transfer Catalyst market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Phase Transfer Catalyst market.
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Sulfur Dyes Ammonium Salts
- Phosphonium Salts
- Crown Ethers
- Cryptands
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Packaging and Board Active Pharmaceuticals Ingredients
- Drug Formulation
- Pesticides
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Phase Transfer Catalyst market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Phase Transfer Catalyst market over the forecast years?
- Which are the leading players in the global Phase Transfer Catalyst market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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