Policies and markets promote the development of the precious metal catalyst industry

Precious metal catalyst is a precious metal material that can change the speed of chemical reactions without participating in the reaction itself. Almost all precious metals can be used as catalysts, but platinum, palladium, rhodium, silver, ruthenium, etc. are commonly used, among which platinum and rhodium are the most widely used.

Developed countries such as Europe and the United States have developed and applied precious metal catalysts for hundreds of years. They have profound historical accumulation and technical and product support in corporate development and brand cultivation. They have great influence in the global market, including China. Especially in terms of high-end precious metal catalysts, it has an almost monopoly position. Among them, in the field of fine chemicals, Johnson Matthey and Evonik have strong brand influence; in the field of exhaust gas treatment, the well-known brands include Johnson Matthey and Engelhardt; in the petrochemical field, well-known brands include Engelhardt, BASF, American Standard Catalyst, etc. At present, the above-mentioned world-renowned precious metal catalyst brands still occupy the majority of the market share and have strong influence in my country’s high-end fields such as petrochemical industry, coal chemical industry, environmental protection, new drugs, new materials, and high value-added fine chemicals.

In recent years, with the development of China’s chemical industry and catalyst industry, China’s precious metal catalyst industry has shown a rapid development trend, and a number of excellent local brands have emerged in various subdivisions. For example, in the field of fine chemicals, the main brands include Xi’an Kaili, Shaanxi Ruike, Kaida Catalysis, etc.; in the fields of pigments, coatings, and dyes, Xi’an Kaili, Hangzhou Conner and other companies have greater brand awareness; in the field of automobile exhaust treatment, well-known local brands include Kunming Guiyan Platinum, Wuxi Weifu Lida etc. Generally speaking, local precious metal companies have increased investment in technology research and development, enriched product systems, and strengthened product performance, providing strong support for increasing brand awareness. However, due to the short development time and low investment in brand building, there is still a big gap between the strength of local precious metal catalyst brands and international brands. China’s local precious metal catalyst companies still have a long way to go in terms of brand building. According to the release of the “2022-2026 Precious Metal Catalyst Industry Market In-depth Research and Investment Prospect Forecast Analysis Report“, in 2021, China’s precious metals Catalyst output reached 16,000 tons.

Analysts believe that the precious metal catalyst industry has good development prospects. On the one hand, precious metal catalysts have good application performance, and automobiles The development of tail gas purification, fine chemicals, petrochemicals, pharmaceutical industry and other fields will increase the market demand for precious metal catalysts; on the other hand, the implementation of the new environmental protection law has put forward higher requirements for environmental protection measures. In the new environmental protection policy Under the current situation, catalytic hydrogenation technology, as the most advanced technology for treating various waste gases, has received support from national policies and is conducive to the healthy development of the precious metal catalyst industry.