Outlook on the Global Phase Transfer Catalyst Market to 2023 - A $1.23 Billion Opportunity, Driven by the Rising Demand & Adoption of Green Chemistry in Organic Synthesis - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 14, 2019--The “Phase Transfer Catalyst Market by Type (Ammonium Salts, Phosphonium Salts), End-use Industry (Pharmaceuticals, Agrochemicals), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The phase transfer catalyst market is projected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2018 to 2023.
Rising demand and adoption of green chemistry in organic synthesis is expected to drive the growth of the market during the forecast period. However, the availability of low-cost industrial catalysts is expected to restrain the growth of the market.
The ammonium salts segment is projected to lead the phase transfer catalyst market during the forecast period.
Based on type, the phase transfer catalyst market has been categorized into ammonium salts, phosphonium salts, and others. The ammonium salts segment is projected to lead the market from 2018 to 2023. The growth of this segment can be attributed to the increased use of ammonium salts as onium salts for chemical synthesis due to their lower costs as compared to other phase transfer catalysts. Ammonium salts are widely used across various end-use industries such as pharmaceuticals and agrochemicals.
The pharmaceuticals segment of the phase transfer catalyst market is projected to grow at the highest CAGR from 2018 to 2023.
Phase transfer catalysts are widely used in the pharmaceuticals end-use industry for synthesis, formulation, and laboratory applications as they accelerate the rate of reaction to form chemical derivatives. This leads to increased demand for positive catalysts to boost R&D and formulation activities in pharmaceuticals end-use industry.
As North America and Europe are the largest markets for pharmaceuticals, this has led to the growth of the pharmaceuticals segment of the phase transfer catalyst market in these regions. In addition, growing demand for pharmaceuticals from Asia Pacific and the Middle East & Africa is also expected to drive the growth of the pharmaceuticals segment of the phase transfer catalyst market during the forecast period.
The North American region is projected to lead the phase transfer catalyst market during the forecast period.
The North American region is projected to lead the phase transfer catalyst market during the forecast period due to ongoing R&D activities in the field of the phase transfer catalysis in the region. In addition, the region is expected to be the first to implement regulations in the coming years to promote the adoption of green chemistry in organic synthesis.
The growth of the phase transfer catalyst market in the North American region is driven by the increased demand for these catalysts from countries such as the US, Canada, and Mexico, owing to a rising preference for green chemistry compounds in different end-use industries.
- Rising Demand and Adoption of Green Chemistry in Organic Synthesis
- Availability of Low-Cost Industrial Catalysts
- Scope for Vertical and Backward Integration in the Market
- Technological Advancements in Chemical Synthesis to Reduce Catalyst Consumption
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.6 Limitations of the Study
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Phase Transfer Catalyst Market
4.2 Phase Transfer Catalyst Market, By Region
4.3 North America Phase Transfer Catalyst Market, By Type and Country
4.4 Phase Transfer Catalyst Market: Major Countries
4.5 Phase Transfer Catalyst Market, By End-Use Industry and Region
5 Market Overview
5.2 Market Dynamics
5.3 Value Chain Analysis
5.4 Porter’s Five Forces Analysis
5.5 Macroeconomic Indicators
6 Phase Transfer Catalyst Market, By Type
6.2 Ammonium Salts
6.3 Phosphonium Salts
7 Phase Transfer Catalyst Market, By End-Use Industry
8 Regional Analysis
8.2 North America
8.4 Asia Pacific
8.5 Middle East & Africa
8.6 South America
9 Competitive Landscape
9.2 Competitive Leadership Mapping
9.3 Ranking of Key Players, 2018
9.4 Competitive Scenario
10 Company Profiles
10.1 Sachem Inc.
10.2 Tokyo Chemical Industry Co. Ltd.
10.3 Nippon Chemical Industrial Co. Ltd.
10.4 Dishman Group
10.5 PAT IMPEX
10.6 Tatva Chintan Pharma Chem Pvt. Ltd.
10.7 Central Drug House (P) Ltd.
10.8 Volant-Chem Corp.
10.9 Pacific Organics Private Limited
10.10 Otto Chemie Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/mr4fjg/outlook_on_the?w=4
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 02/14/2019 12:28 PM/DISC: 02/14/2019 12:28 PM