World - Platinum Catalysts - Market Analysis, Forecast, Size, Trends And Insights
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The market for platinum catalysts is projected to experience significant growth over the next eight years, with consumption set to increase at a CAGR of +12.8%. By 2030, market volume is expected to reach 14K tons, with a value of $11.8B. Indonesia emerges as the top consumer, while the UK leads in exports. Production saw a decline in 2022, with Denmark, Slovakia, and China being the top producers. Imports surged in 2022, with Indonesia leading the way. The average export price increased in 2022, with the UK commanding the highest price per kg. Overall, the global platinum catalysts market showcases a dynamic landscape with fluctuations in consumption, production, imports, and exports.
Market Forecast
Driven by increasing demand for platinum catalysts worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +12.8% for the period from 2022 to 2030, which is projected to bring the market volume to 14K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $11.8B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Platinum Catalysts
In 2022, the amount of platinum catalysts consumed worldwide skyrocketed to 5.3K tons, growing by 16% compared with 2021. Overall, consumption continues to indicate a strong expansion. As a result, consumption reached the peak volume of 30K tons. From 2018 to 2022, the growth of the global consumption failed to regain momentum.
The global platinum catalysts market value was estimated at $7.5B in 2022, with an increase of 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a noticeable expansion. As a result, consumption attained the peak level of $12B. From 2018 to 2022, the growth of the global market remained at a somewhat lower figure.
Consumption By Country
The country with the largest volume of platinum catalysts consumption was Indonesia (1.5K tons), comprising approx. 29% of total volume. Moreover, platinum catalysts consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Portugal (687 tons), twofold. Denmark (507 tons) ranked third in terms of total consumption with a 9.6% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in Indonesia stood at +113.8%. In the other countries, the average annual rates were as follows: Portugal (+117.4% per year) and Denmark (+1.8% per year).
In value terms, China ($1.8B) led the market, alone. The second position in the ranking was held by Portugal ($395M). It was followed by Spain.
In China, the platinum catalysts market remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Portugal (+117.4% per year) and Spain (+25.1% per year).
The countries with the highest levels of platinum catalysts per capita consumption in 2022 were Denmark (86 kg per 1000 persons), Slovakia (84 kg per 1000 persons) and Portugal (67 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +118.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Platinum Catalysts
In 2022, production of platinum catalysts decreased by -14.2% to 2.6K tons for the first time since 2019, thus ending a two-year rising trend. In general, production faced a deep slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 17%. Global production peaked at 13K tons in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.
In value terms, platinum catalysts production expanded significantly to $7.4B in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. As a result, production reached the peak level of $7.8B. From 2018 to 2022, global production growth failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were Denmark (546 tons), Slovakia (424 tons) and China (376 tons), together comprising 53% of global production. The Czech Republic, the UK, Bulgaria, South Africa, Poland, Belgium, France, Spain, Estonia and Latvia lagged somewhat behind, together comprising a further 33%.
From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +1.1%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Platinum Catalysts
In 2022, global imports of platinum catalysts surged to 3.3K tons, picking up by 24% on 2021. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 3,826% against the previous year. Global imports peaked at 28K tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.
In value terms, platinum catalysts imports fell to $602M in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Over the period under review, global imports hit record highs at $700M in 2021, and then shrank in the following year.
Imports By Country
In 2022, Indonesia (1.5K tons) represented the main importer of platinum catalysts, generating 47% of total imports. Portugal (687 tons) ranks second in terms of the total imports with a 21% share, followed by Spain (14%) and the Netherlands (12%).
From 2012 to 2022, average annual rates of growth with regard to platinum catalysts imports into Indonesia stood at +76.0%. At the same time, Portugal (+220.5%) and Spain (+85.4%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the world, with a CAGR of +220.5% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia, Portugal and Spain increased by +47, +21 and +14 percentage points, respectively.
In value terms, the Netherlands ($34M) constitutes the largest market for imported platinum catalysts worldwide, comprising 5.7% of global imports. The second position in the ranking was held by Spain ($15M), with a 2.5% share of global imports. It was followed by Indonesia, with a 2.5% share.
In the Netherlands, platinum catalysts imports increased at an average annual rate of +7.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+37.8% per year) and Indonesia (+82.3% per year).
Import Prices By Country
The average platinum catalysts import price stood at $184,457 per ton in 2022, which is down by -30.4% against the previous year. Overall, the import price faced a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 8,151%. As a result, import price attained the peak level of $933,142 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($85,692 per ton), while Portugal ($8,850 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Platinum Catalysts
In 2022, overseas shipments of platinum catalysts decreased by -50% to 536 tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 88% against the previous year. Over the period under review, the global exports attained the maximum at 12K tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.
In value terms, platinum catalysts exports contracted notably to $1B in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. As a result, the exports reached the peak of $1.3B, and then contracted markedly in the following year.
Exports By Country
The Czech Republic (134 tons), Bulgaria (98 tons), Denmark (80 tons) and the UK (67 tons) represented roughly 71% of total exports in 2022. Greece (35 tons) held the next position in the ranking, followed by Belgium (27 tons). All these countries together took approx. 11% share of total exports. Poland (20 tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +408.4%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the UK ($219M) remains the largest platinum catalysts supplier worldwide, comprising 21% of global exports. The second position in the ranking was taken by Denmark ($8.7M), with a 0.8% share of global exports. It was followed by Belgium, with a 0.8% share.
In the UK, platinum catalysts exports contracted by an average annual rate of -2.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+4.1% per year) and Belgium (+4.7% per year).
Export Prices By Country
The average platinum catalysts export price stood at $1,916 per kg in 2022, growing by 53% against the previous year. In general, the export price posted significant growth. The pace of growth was the most pronounced in 2014 an increase of 1,298% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($3,271 per kg), while Bulgaria ($46 per kg) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+89.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global platinum catalysts market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24413070 - Platinum catalysts in the form of wire cloth or grill
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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