Precious Metal Catalysts Market Size, Industry Analysis By Type (Platinum, Palladium, Rhodium, Iridium, Ruthenium, Gold, Silver, Osmium, And Others), By Distribution Channel (Direct Sales And Indirect Sales), By End Use (Automobile, Pharmaceutical, Refinery, Petrochemical, Agrochemicals, Chemicals, Environment And Material Sciences, And Others) & Region - Forecasts 2022-2030 The global precious metal catalysts market is presently valued at USD 19,410 million and is poised to amplify at a CAGR of 6.19%, thereby amassing a valuation of USD 31,380 million by end of the assessment timeframe. Precious metal catalysts are referred to as noble metals possessing a half-filled d-orbital which lends or withdraws electrons from a reagent to speed up the process of a particular chemical reaction. These metals are widely adopted in the chemical industry owing to the efficient catalytic characteristics. They are further utilized in oxidation of elements like hydrocarbons and also play an active part in the decomposition of nitrogen oxides. https://wemarketresearch.com/reports/precious-metal-catalysts-market/128/