Europe Homogeneous Precious Metal Catalyst Market Size, Share & Trends Analysis Report By Product (Palladium, Ruthenium), By End-use (Refineries, Pharmaceutical, Biomedical), And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the Europe homogeneous precious metal catalyst market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for Europe homogeneous precious metal catalyst market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of Europe homogeneous precious metal catalyst market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Europe Homogeneous Precious Metal Catalyst Market Categorization:

The Europe homogeneous precious metal catalyst market was categorized into three segments, namely Product (Platinum, Palladium, Rhodium, Ruthenium, Iridium, Gold), end-use (Pharmaceutical & Biomedical, Refineries, Agrochemicals, Fine Chemicals, Electrochemical, Power Generation, Other Industrial), region (Europe).

Segment Market Methodology:

The Europe homogeneous precious metal catalyst market was segmented into product, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The Europe homogeneous precious metal catalyst market was analyzed at a regional level. The globe was divided into Europe, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seven countries, namely, Germany; the UK; France; Italy; Spain; Russia; Poland.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Europe homogeneous precious metal catalyst market companies & financials:

The Europe homogeneous precious metal catalyst market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• BASF SE - BASF SE, a chemical manufacturing company based in Germany, provides a range of products to various industries such as agriculture, chemicals, construction, electronics & electricity, energy & resources, pharmaceuticals, and automotive & transportation. The company operates through five key business segments: performance products, chemicals, agricultural solutions, functional materials & solutions, and oil & gas. The chemicals segment is focused on the production of items like petrochemicals, catalysts, intermediates, and monomers. It offers a variety of catalysts including mobile emission catalysts, process catalysts, battery materials, stationary emissions, precious metal services, adsorbents, indoor air quality, refining catalysts, and aircraft cabin/fuel inerting for numerous end-use applications. The Catalysts division, based in Iselin, New Jersey, U.S., operates 30 manufacturing sites worldwide and employs over 5,000 people globally.

• Evonik Industries AG - Evonik Industries AG, a worldwide producer of specialty chemicals, was founded in 2007, transitioning from RAG Beteiligungs AG to its present name. The firm has production facilities in 24 nations and maintains corporate offices in over 100 countries worldwide. It conducts its operations through three business divisions: nutrition and care, resource efficiency, and performance materials. Catalysts are produced under the company's resource efficiency and specialty material divisions. The resource efficiency division offers solutions to a variety of end-use industries, including construction, automotive, adhesives, and paints & coatings.

• Haldor Topsoe - Haldor Topsoe A/S is a leading manufacturer of over 150 distinct catalysts and also specializes in the design and fabrication of custom catalysts for specific applications. The catalysts produced by the company are engineered to serve a broad spectrum of processes, including but not limited to hydrocracking, hydrotreating, lube oil processing, pressure drop control, gas processing, gasoline synthesis, and petrochemical processing. In the realm of hydrotreating, the company provides hydrodesulfurization (HDS) catalysts that aid in the removal of impurities and the hydrogenation of sulfur in distillates. Beyond the scope of catalyst production, the company is also involved in the design, engineering, and licensing of a wide array of processes for hydroprocessing, emissions management, and chemical processing. It maintains regional offices in North & South America, Europe, and the Asia Pacific. Annually, the company allocates approximately 10% of its revenue towards research & development activities. The company's operations are carried out through its manufacturing plants situated in Denmark, China, and several countries in North & South America.

• Johnson Matthey Plc - Johnson Matthey Plc is a worldwide producer, with a focus on catalysts and associated services for industries such as automotive, chemical, pharmaceutical & medical, oil & gas, agrochemicals & fertilizers, food & beverage, energy generation & storage, and glass. The company's operations are divided into five sectors, namely emission control technologies (ECT), process technologies, precious metal products, fine chemicals, and new businesses. The ECT division provides both heavy-duty and light-duty diesel catalyst systems for industrial applications and vehicles. The process technologies division offers technology licensing, catalysts, and a variety of other services to the petrochemical, oleo/biochemical, syngas, gas processing, and oil refining industries. This division also provides pyrolysis gasoline catalysts that assist in minimizing fouling in the downstream hydrodesulfurization unit.

• Clariant International Ltd. - Clariant International Ltd. stands as a distinguished producer of specialty chemicals, delivering its products to a variety of major end-use industries such as agriculture & animal feed, food & beverage, edible oil, consumer goods, oil & gas, mining, refinery & petrochemicals, construction, automotive, and healthcare. The company's operations are segmented into three key areas, namely catalysis, natural resources, and care chemicals. The catalysts business unit of the company provides a wide array of specialty products for diverse end-use applications like hydrogenation, fuel upgrading, gas processing, gasoline desulfurization, refinery steam purification, sour gas shift, and off-gas treatment for chemical plants and stationary engines. The catalysts business unit, with its headquarters in Germany, offers products for the production of fuel and chemicals from alternative raw material applications. The company operates 14 production facilities dedicated to the supply of catalyst products to customers worldwide. Its infrastructure includes 125 production sites spread across more than 39 countries globally.

• Umicore - Umicore is an international manufacturing corporation that excels in the field of materials technology. It operates in various sectors such as catalysis, energy & surface technology, and recycling. The catalysis sector is further divided into two sub-segments: automotive catalysts and precious metals chemistry. The company's operations are carried out in collaboration with Ordeg Korea, Umicore Marketing Services Korea, and Umicore Rechargeable Battery Materials Korea. Umicore boasts 50 production facilities worldwide and 11 research and development centers. In 2019, catalysis contributed to 43% of the company's revenue, followed by energy & surface technologies (37%) and recycling (20%). Geographically, Europe was the largest contributor to Umicore's revenue at 40%, followed by Asia Pacific (39%), North America (14%), Africa (3%) and South America (4%),

• Alfa Aesar - A division of Thermo Fisher Scientific, Alfa Aesar is engaged in the production and distribution of metals, life science, and chemical products. The company boasts an extensive portfolio of over 38,000 products designed to meet the needs of a wide range of end-user industries. The company's product range includes analytical & labware, catalysts, chemicals, life science, and metals & materials. In its catalyst product line, the company provides a diverse array of precious metals & catalysts, including coupling catalysts, ligands, homogeneous precious metal compounds, and both supported and unsupported catalysts. Alfa Aesar, a part of Thermo Fisher Scientific, also maintains a global product distribution network. The company has a worldwide footprint, with operations in North America, Central & South America, Europe, South Africa, and Asia Pacific, including countries like the U.S., Canada, Mexico, Brazil, Colombia, Argentina, France, Germany, Italy, the UK, India, China, Hong Kong, Singapore, and several others.

• Heraeus Holding - A family-owned enterprise, Heraeus Holding specializes in precious metals. The company primarily functions through its eleven divisions, namely Heraeus Precious Metals, Heraeus Electronics, Heraeus Nexensos, Heraeus Medical, Heraeus Epurio, Heraeus Electro-Nite, Heraeus Photovoltaics, Heraeus Noblelight, Heraeus Comvance, Heraeus Medical Components, and Heraeus Conamic. Heraeus Holding operates eleven recycling & production sites situated in Santa Fe Springs, Wartburg, Shannon, Hanau, Mendriso, Izmir, Port Elizabeth, Udaipur, Nanjing, Hong Kong, and Shanghai. The company's catalysts, primarily produced under the Heraeus Precious Metals division, find extensive applications in various end-use industries such as chemical & pharmaceutical, electronic, automotive, and others. Heraeus Holding is affiliated with several metal associations, including the International Platinum Group Metals Association, European Precious Metals Federation (EPMF), London Platinum and Palladium Market (LPPM), International Precious Metals Institute (IPMI), Fachvereinigung Edelmetalle (FVEM).and London Bullion Market (LBMA).

• American Elements - American Elements is a business that focuses on the production of advanced materials. The company's product range is extensive, with over 15,000 products including materials for batteries & supercapacitors, biomaterials, additive manufacturing & 3D printing, catalysts, plating, photovoltaic & solar energy, pigments & coatings, green technology & alternative energy, and many others. American Elements serves a variety of industries such as aerospace, agriculture, chemical manufacturing, defense, electronics, pharmaceuticals & cosmetics, oil & gas, textiles, and sports. The firm produces both homogeneous and heterogeneous catalyst products that find applications in areas like hydrogen storage, chemical synthesis, pharmaceutical manufacturing, and fuel cells. These catalysts are primarily produced under the company's downstream and chemical business divisions and have wide-ranging applications across numerous businesses.

• Chimet - Chimet, an Italy-based firm, is engaged in the production, recovery, and filtering of precious metals and chemicals derived from precious metals. The corporation's operations are primarily divided into seven business segments: catalyst, recovery and refining, thick film, ecology, precious metal trading, chemical products, and analysis laboratory. It operates two manufacturing plants situated in Badia al Pino and Viciomaggio. The catalysts produced by Chimet are widely used in the production of Active Pharmaceutical Ingredients, fine chemicals, flavors & fragrances, and other chemicals such as sugars, fatty acids, etc. The production of catalysts and thick films takes place at its Viciomaggio plant in Italy, with additional support from various research hubs and universities.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Europe Homogeneous Precious Metal Catalyst Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Europe Homogeneous Precious Metal Catalyst Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.