An extensive study of the product application and services conducted by subject matter experts assessing the market will help product owners to make a wise decision.
New York, United States – June 1, 2020 /MarketersMedia/ —
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. The use of green chemistry reduces waste and saves energy. The sudden availability of alternative, cost-effective industrial chemicals are acting as a market restraint.
This report covers the recent COVID-19 incidence and its impact on Phase Transfer Catalyst Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
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Key participants 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.
The factors, as mentioned above, collectively create opportunities for the market growth while factors such as unfavorable effects of catalyst pose limitations in the market. However, each element would have a definite impact on the market during the forecast period. Consistent advancements in the heterogeneous catalyst market owing to innovative efforts have enhanced the efficiency of chemical reaction.
For the purpose of this report, Reports and Data have segmented into the global phase transfer catalyst market on the basis of applications, type, applications, and region:
End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• Healthcare
• Cosmetic
• Chemical
• Agrochemicals
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• Sulfur Dyes Ammonium Salts
• Phosphonium Salts
• Crown Ethers
• Cryptands
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• Packaging and Board Active Pharmaceuticals Ingredients
• Drug Formulation
• Pesticides
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
Further key findings from the report suggest
• Ammonium Salts held the largest market share of 39.2% in the year 2018. 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 2018. 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.
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