The Phase Transfer Catalyst Market is expected to grow at > 5.1% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Phase Transfer Catalyst Market
Phase Transfer Catalyst Market is likely to witness an impressive CAGR of 5.1% during the forecast period. Increasing adoption and demand for green chemistry in organic synthesis is one of the prime factors contributing to the demand for phase transfer catalysts. Rising health awareness accompanied with increased growth in pharmaceutical industry and scope for vertical and backward integration are some other factors propelling growth of the market.
Asia-Pacific is estimated to be the fastest-growing market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. This growth can be attributed to the rising demand for phase catalysts from developing countries in the region. Further, increasing industrialization and rapidly growing end-use industries, such as pharmaceuticals and agrochemicals in the emerging economies, such as China and India, are bolstering the growth of the region’s market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Phase Transfer Catalyst Market Share: By Catalyst Type
Based on the catalyst type, the phase transfer catalyst market is segmented as ammonium salts, phosphonium salts, and others. The ammonium segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. They are easily available and are moderately priced which proves to be a great advantage over other phase transfer catalysts. They are used in a wide range of industries such as agrochemical, pharmaceutical, and chemical industries.
Phase Transfer Catalyst Market Share: By End-Use Industry Type
Based on the end-use industry type, the phase transfer catalyst market is segmented as pharmaceuticals, agrochemicals, and others. The pharmaceuticals segment is expected to grow at the highest rate during the forecast period. In the pharmaceuticals industry, phase transfer catalysts are used in a wide range of applications such as laboratory, synthesis, and drug formulation. Phase catalysts eliminate the need of organic solvents and dangerous, expensive reactants, and also reduce the amount of industrial wastes generated. Imposition of stringent regulations regarding the use of harmful compounds in the pharmaceutical industry is boosting the consumption of phase transfer catalysts in the pharmaceuticals industry.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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