Fior Markets launched a study titled “Global Phase Transfer Catalyst Market by Type (Ammonium Salts,Phosphonium Salts,Others), End User Industry, Regions”,and Global Forecast 2018-2025.
The global phase transfer catalyst market is expected to grow from USD 942.87 Million in 2017 to USD 1,420.41 Million by 2025, at a CAGR of 5.26% during the forecast period from 2018-2025. Focus on reducing effluents is leading to increasing utilization of phase transfer catalysts in the chemical industry as they minimize the industrial waste generation as well as reduce requirement of using organic solvents. Thus Growing global emphasis from chemical industry on reducing the residual waste as well as use of organic solvents is driving the growth of the global phase transfer catalyst market.
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Ammonium salts segment had a market value of USD 439.80 million in 2017
Type segment is divided into ammonium salts, phosphonium salts and others. On account of their cost effectiveness and huge demand from the Asia Pacific region ammonium salts segment led the global demand for the phase transfer catalysts with a USD 439.80 million in 2017. Whereas phosphonium salts segment is expected to grow at a healthy pace over the forecasted period due to their property for tolerating high temperature fluctuations.
Pharmaceuticals segment is anticipated to grow at a CAGR of 7.96% in 2018-2025
End user industry is segmented into pharmaceuticals, agrochemicals and others. Agrochemicals segment is projected to achieve a robust share of global phase transfer catalyst market over the forecast period owing to rising demand for agrochemicals from the developing economies around the world. On account of pharmaceuticals industry witnessing increase in research and development activities and rising world over demand for the pharmaceutical products, pharmaceuticals segment is anticipated to grow at the highest CAGR of 7.96% over the forecasted to period.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America led the global demand for the phase transfer catalysts with USD 379.88 million revenue in 2017. This impressive market share can be credited to the region being the largest consumer of the pharmaceuticals and agrochemicals products. On account of speedy development of pharmaceuticals and agrochemicals manufacturing sector in the region, Asia Pacific is anticipated to progress at the highest CAGR of 8.16% over the forecasted period.
Major players in the global phase transfer catalyst market are SACHEM Inc., Tokyo Chemical Industry Co., Ltd., Nippon Chemical Industrial Co., Ltd., Dishman Group, PAT IMPEX, TatvaChintanPharmaChemPvt. Ltd., Central Drug House Ltd., Pacific Organics Private Limited, OttoChemiePvt. Ltd., and Volant-Chem Corp., Huadong Chemical Research Institute, Kente, Changzhou Xinan Chemical Institue among others.
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