The Global PGM Catalysts Market was valued at USD 21.5 Billion in 2024 and is projected to reach USD 32.1 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is fueled by stringent environmental regulations, increasing demand for cleaner automotive exhaust systems, and the expanding applications of PGM catalysts in pharmaceuticals and petrochemical refining.

As industries worldwide push for greater efficiency and lower emissions, the role of Platinum Group Metal catalysts has become indispensable. These high-performance materials are at the heart of critical chemical processes. In this blog, we profile the Top 10 Companies in the PGM Catalysts Industry—global leaders in catalyst manufacturing and recycling who are enabling the transition to a more sustainable industrial landscape.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Automotive Catalysts, Chemical Process Catalysts, Petrochemical Catalysts

BASF is a global leader in catalyst technology, offering a comprehensive portfolio of PGM-based solutions. The company’s catalysts are essential for emission control in vehicles, the production of chemicals, and the refining of fuels. Their extensive R&D focuses on improving catalyst efficiency and developing solutions for new energy applications, such as hydrogen production.

Innovation and Sustainability Focus:

• Pioneering technologies for emission control (FCC, SCR, TWC catalysts)

• Strategic investments in circular economy and PGM recycling

• Development of catalysts for green hydrogen and fuel cells

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9️⃣ 2. Johnson Matthey

Headquarters: London, United Kingdom
Key Offering: Auto Catalysts, Pharmaceutical Catalysts, Syngas Catalysts

Johnson Matthey is a world-leading sustainable technologies company with a rich history in PGM catalysts. It is a top-tier supplier of autocatalysts for gasoline and diesel engines globally. The company also provides specialized catalysts for the pharmaceutical industry and technologies for low-carbon hydrogen production.

Innovation and Sustainability Focus:

• Global leader in automotive catalyst technology

• Advanced catalyst recycling services to secure PGM supply

• Investing in next-generation hydrogen catalyst technologies

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8️⃣ 3. Umicore

Headquarters: Brussels, Belgium
Key Offering: Automotive Catalysts, Precious Metals Chemistry, Recycling

Umicore is a global materials technology and recycling group. Its catalysis business unit is a key player in automotive catalysis for clean mobility. Umicore’s closed-loop model integrates precious metals management with catalyst production, making it a leader in circularity.

Innovation and Sustainability Focus:

• World-class PGM recycling operations

• Development of catalysts for electric vehicle fuel cells and batteries

• Strong focus on sustainable value chains

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7️⃣ 4. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Specialty Catalysts, Silica Carriers, Activated Metals

Evonik is a leading specialty chemicals company with a strong presence in catalyst solutions. The company provides high-performance catalysts for a wide range of industrial chemical reactions, including hydrogenation, oxidation, and polymerization. Their expertise in catalyst supports enhances the performance of PGMs.

Innovation and Sustainability Focus:

• Specialization in catalyst supports and carriers

• Catalysts for sustainable chemical production processes

• R&D in catalysts for renewable raw materials

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6️⃣ 5. Clariant AG

Headquarters: Muttenz, Switzerland
Key Offering: Petrochemical Catalysts, Syngas Catalysts, Custom Catalysts

Clariant is a focused specialty chemical company with a leading catalysts business. It offers a broad portfolio of catalysts for the petrochemical and chemical industries, including solutions for refining, polymerization, and gas treatment. Clariant’s catalysts are known for their high selectivity and activity.

Innovation and Sustainability Focus:

• Innovations in catalyst technology for energy efficiency

• Development of catalysts for biofuels and CO2 utilization

• Focus on creating more sustainable chemical processes

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5️⃣ 6. Heraeus Group

Headquarters: Hanau, Germany
Key Offering: Precious Metal Catalysts, Homogeneous Catalysts, Catalyst Recycling

Heraeus is a globally leading technology group with a strong heritage in precious metals. Its Catalysts division provides a wide array of PGM-based homogeneous and heterogeneous catalysts for the chemical and pharmaceutical industries. Heraeus is also a major player in the precious metals recycling market.

Innovation and Sustainability Focus:

• Expertise in homogeneous catalysis for fine chemicals

• Global network for PGM catalyst recycling and refining

• Custom catalyst development for specialized applications

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4️⃣ 7. Vineeth Chemicals

Headquarters: Hyderabad, India
Key Offering: Pharmaceutical Catalysts, Custom Synthesis Catalysts

Vineeth Chemicals is a significant Indian manufacturer of fine chemicals and catalysts, with a strong focus on the pharmaceutical industry. The company specializes in palladium and other PGM catalysts used in complex synthesis processes, serving both domestic and international markets.

Innovation and Sustainability Focus:

• Specialization in catalysts for API manufacturing

• Cost-effective catalyst solutions for emerging markets

• Expanding capabilities in catalyst recovery and reuse

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3️⃣ 8. Sino-platinum Metals Co., Ltd.

Headquarters: Kunming, China
Key Offering: PGM Materials, Automotive Catalysts, Industrial Catalysts

Sino-platinum is a major Chinese producer of platinum group metals and related products. As a key player in Asia, the company supplies PGM materials and catalysts for the automotive and chemical industries, supporting China’s growing demand for emission control and industrial catalysis.

Innovation and Sustainability Focus:

• Integrated PGM production from mining to catalyst manufacturing

• Supporting China’s transition to stricter emission standards (China 6)

• Investments in R&D for new energy vehicle catalysts

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2️⃣ 9. Kaili Catalyst New Materials Co., Ltd.

Headquarters: LiaoNing, China
Key Offering: Petrochemical Catalysts, Refinery Catalysts

Kaili Catalyst is a specialized manufacturer of catalysts for the petrochemical and refining industries in China. The company focuses on developing and producing catalysts that improve the efficiency of oil refining and chemical production processes, utilizing PGMs for high-performance applications.

Innovation and Sustainability Focus:

• Focus on catalysts for energy-efficient refining processes

• R&D in catalysts for clean fuels production

• Serving the rapidly growing Asian petrochemical market

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1️⃣ 10. UOP LLC (Honeywell)

Headquarters: Des Plaines, Illinois, USA
Key Offering: Refining Catalysts, Petrochemical Catalysts, Adsorbents

UOP, a Honeywell company, is a leading international supplier and licensor of process technology, catalysts, and services for the petroleum refining, petrochemical, and gas processing industries. Its PGM-based catalysts are critical for various refining processes, including catalytic reforming.

Innovation and Sustainability Focus:

• Leading provider of catalysts for renewable fuels production

• Technologies for reducing refinery carbon footprint

• Integrated solutions for sustainable resource utilization

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🌍 Outlook: The Future of PGM Catalysts Is Driven by Efficiency and Sustainability

The PGM catalysts market is undergoing a significant evolution. While traditional applications in automotive and petrochemicals remain strong, new growth areas are emerging in green chemistry and renewable energy. The industry’s focus is shifting towards enhanced efficiency, circular economy models, and catalysts for decarbonization.

📈 Key Trends Shaping the Market:

• Accelerating demand for automotive catalysts due to stricter global emission standards (Euro 7, China 6B)

• Rising investments in PGM recycling to ensure supply security and sustainability

• Growing application of PGM catalysts in hydrogen economy technologies (fuel cells, electrolyzers)

• Development of more selective and durable catalysts for pharmaceutical and fine chemical synthesis

Get Full Report Here:
PGM Catalysts Market – View in Detailed Research Report

The companies listed above are not only supplying essential catalytic materials—they’re driving the technological innovation necessary for a cleaner, more efficient industrial future.