Market Summary:
The global organic catalyst market was valued around USD 550 million in 2018, registering a CAGR of over 4.8% during the forecast period. The growth of the global organic catalyst market is due to the demand for chemical with less metal content in medicines, fertilizers, pesticides and others. Owing to be a less hazardous chemical syntheses process organocatalysis can be consider as chief example of green chemistry, thereby increasing its demand in medicinal applications. Additionally, the easy availability, low manufacturing cost, high selectivity, chemical inertness towards moisture and oxygen are other advantages of organic catalyst over organometallic catalyst that are likely to boost its growth during the forecast period.
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Key Players:
The key players operating in the global organic catalyst market include Yangzhou Dajiang Chemical Co.,Ltd (China), F. Hoffmann-La Roche Ltd (Switzerland), Mystical Biotech Pvt Ltd (India), newtopchem (China), Pon Pure Chemicals (India), Evonik Industries AG (Germany), BASF SE (Germany), DSM (The Netherlands), Nouryon (The Netherlands), Gulbrandsen (US), Mitushi Biopharma (India), Novozymes (Denmark), AB Enzymes (Germany), Aum Enzymes (India), and Bio-Organic Catalyst (US).
Segmental Analysis:
The global Organic Catalyst Market has been segmented based on product type, application, end-use industry, and region.
By product type, the global market has been classified into enzymes, amines, chiral amides, iminium, carbenes, and others. Among these, the enzyme segment due to easy availability, handling, and scale-up are high in demand in pharmaceutical sector. It is the largest segment in terms of demand. Followed by the amine segment the use of primary amine in the organocatalysis reaction leads to the formation of excellent enantiomeric excesses.
By application the global market has been categorized into medicines, fertilizers, pesticides, paper & pulp, and others. The medicines segment held the largest share of organic catalyst market attributed to be a biocatalysis process medications formed from the organic catalyst have minimal metal content in their products. Therefore, making them a better alternative over their substitutes such as metal organic catalyst and metal hybrid catalyst.
Based on end-use industry, the global market has been segregated into chemical, agriculture, healthcare, food & beverages, and others. The global organic catalyst market is dominated by the healthcare industries as they led to the high consumption of the organic catalysts to produce organic compounds that can be used for medicinal purposes.
Regional Analysis:
Asia-Pacific, Latin America, North America, Europe, and the Middle East & Africa are the regions analyzed under the scope of the market.
The Asia-Pacific region was leading the market in 2018, accounted for more than 40% share, and is expected to register the highest CAGR during the forecast period. North America held the second-largest market share in 2018, which is followed by Europe which accounts for around 20% share in 2018. The Latin American and the Middle East & African markets are expected to witness a considerable growth during the forecast period.
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