The Global PGM Catalysts Market was valued at USD 21.5 Billion in 2024 and is projected to reach USD 30.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This robust growth is fueled by stringent environmental regulations, the global push for cleaner automotive emissions, and the increasing demand for high-performance catalysts in the petrochemical and pharmaceutical industries.

As the world transitions toward a more sustainable and efficient industrial landscape, Platinum Group Metal (PGM) catalysts are at the forefront of enabling critical chemical reactions. These catalysts, comprising platinum, palladium, rhodium, ruthenium, iridium, and osmium, are indispensable for reducing harmful emissions, producing cleaner fuels, and synthesizing complex pharmaceuticals. In this blog, we profile the Top 10 Companies in the PGM Catalysts Industry—global chemical giants and specialized players who are driving innovation and setting the standards for catalytic performance.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Automotive Catalysts, Chemical Catalysts, Refining Catalysts

BASF is a global leader in the catalyst market, offering an extensive portfolio of PGM-based solutions. The company’s catalysts are critical components in automotive exhaust systems, petroleum refining, and chemical production processes, helping customers improve efficiency and meet environmental standards.

Innovation Initiatives:

• Development of advanced emission control catalysts for electric and hybrid vehicles
• Investment in recycling technologies to recover PGMs from spent catalysts
• Focus on catalysts for sustainable chemical production, such as green hydrogen

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9️⃣ 2. Johnson Matthey

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

Johnson Matthey is a world-leading sustainable technologies company with a long history in PGM catalysis. It is a major supplier of autocatalysts globally and has a strong presence in the chemical process and pharmaceutical catalyst markets, leveraging deep expertise in precious metals.

Innovation Initiatives:

• Pioneering technologies for carbon capture and utilization (CCU)
• Expanding its eLNO battery materials business for the electric vehicle sector
• Developing next-generation catalysts for low-carbon hydrogen production

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8️⃣ 3. Umicore

Headquarters: Brussels, Belgium
Key Offering: Catalysts, Rechargeable Battery Materials, Recycling

Umicore is a global materials technology and recycling group. Its catalysis business unit is a key player in automotive catalysts for clean mobility and in catalysts for various chemical processes. Umicore’s closed-loop recycling model is a significant competitive advantage, ensuring a sustainable supply of PGMs.

Sustainability Initiatives:

• World’s largest recycler of precious metals from spent automotive catalysts
• Commitment to carbon neutrality across its operations by 2035
• R&D focused on catalysts for fuel cells and green chemistry applications

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7️⃣ 4. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Specialty Catalysts, Silica Carriers, Process Technology

Evonik is a leading specialty chemicals company with a strong focus on catalyst solutions, particularly for the production of plastics, specialty chemicals, and pharmaceuticals. Its high-performance catalysts enable more efficient and selective chemical reactions.

Innovation Initiatives:

• Development of catalysts for the polymerization of high-performance plastics
• Advanced catalyst systems for the production of methacrylate monomers
• Investment in digital tools to optimize catalyst performance in customer processes

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PGM Catalysts Market – View in Detailed Research Report

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6️⃣ 5. Clariant AG

Headquarters: Muttenz, Switzerland
Key Offering: Catalysts, Adsorbents, Functional Minerals

Clariant is a focused specialty chemical company with a leading position in custom catalyst solutions. Its catalyst business serves the petrochemical, chemical, and refining industries, with a growing emphasis on sustainable technologies like biofuels and syngas processing.

Sustainability Initiatives:

• Sunliquid® technology for cellulosic ethanol production from agricultural residues
• Catalysts for the production of renewable fuels and chemicals
• Focus on catalysts that enable energy-efficient and waste-reducing processes

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5️⃣ 6. Heraeus Group

Headquarters: Hanau, Germany
Key Offering: Precious Metal Catalysts, Catalytic Converters, Recycling

Heraeus is a globally leading technology group with a strong heritage in precious metals. Its catalyst division provides custom PGM catalysts and catalytic converter cores for a wide range of industrial and environmental applications, from chemical synthesis to exhaust gas cleaning.

Innovation Initiatives:

• Development of highly selective catalysts for fine chemical synthesis
• Precious metal recovery and refining services
• Catalysts for the electronics and glass industries

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4️⃣ 7. Haldor Topsoe (Now Topsoe)

Headquarters: Lyngby, Denmark
Key Offering: Refining Catalysts, Chemical Catalysts, Hydroprocessing Catalysts

Topsoe is a world leader in catalysis and surface science, providing high-performance catalysts primarily for the refining and chemical industries. The company is heavily invested in developing technologies for the energy transition, including catalysts for green hydrogen and sustainable fuels.

Sustainability Initiatives:

• Leading provider of catalysts for renewable diesel and sustainable aviation fuel (SAF) production
• Pioneering solid oxide electrolyzer cell (SOEC) technology for efficient hydrogen production
• Commitment to achieving carbon neutrality by 2040

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3️⃣ 8. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Refining Catalysts, Petrochemical Catalysts, Clean Fuel Technologies

Albemarle is a global specialty chemicals company with a significant catalyst business focused on the refining industry. Its catalysts are essential for producing cleaner-burning transportation fuels and for processing heavy crude oils.

Innovation Initiatives:

• Development of hydroprocessing catalysts for ultra-low sulfur diesel (ULSD)
• Catalyst solutions for fluid catalytic cracking (FCC) to improve yield and efficiency
• Expansion into catalyst technologies for the production of biofuels

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2️⃣ 9. W. R. Grace & Co.

Headquarters: Columbia, Maryland, USA
Key Offering: FCC Catalysts, Polyolefin Catalysts, Chemical Process Catalysts

Grace is a leading global supplier of catalysts and silica-based technologies. The company is renowned for its FCC catalysts that help refineries convert heavy oil into valuable products like gasoline and propylene, playing a critical role in the global fuel supply chain.

Innovation Initiatives:

• Advanced FCC catalysts designed to maximize propylene yield
• Catalysts for the production of high-performance plastics
• Technologies to help refineries reduce their carbon footprint

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1️⃣ 10. Sinocat Environmental Technology Co., Ltd.

Headquarters: Beijing, China
Key Offering: Automotive Catalysts, Industrial Exhaust Catalysts, Catalyst Substrates

Sinocat is a major Chinese manufacturer of environmental catalysis technologies, specializing in automotive exhaust catalysts and industrial emission control solutions. It is a key player in the Asian market, supported by strong domestic demand and manufacturing capabilities.

Innovation Initiatives:

• Development of catalysts compliant with China 6 and Euro 6d emission standards
• Expansion into catalysts for non-road mobile machinery and stationary sources
• Investment in R&D for catalysts targeting volatile organic compounds (VOCs)

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PGM Catalysts Market – View in Detailed Research Report

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🌍 Outlook: The Future of PGM Catalysts Is Sustainable and Efficient

The PGM catalysts market is undergoing a significant transformation. While traditional applications in automotive and refining remain the largest revenue drivers, the industry is rapidly pivoting toward sustainable applications that support the global energy transition and the circular economy.

📈 Key Trends Shaping the Market:

• Accelerating demand for emission control catalysts driven by stricter global environmental regulations (China 6, Euro 7, US Tier 3)
• Rising investment in catalyst technologies for green hydrogen production, carbon capture, and renewable fuels (SAF, renewable diesel)
• Growing importance of PGM recycling to secure supply chains and reduce environmental impact
• Digitalization and advanced modeling for catalyst design and lifecycle optimization

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

The companies listed above are not only supplying essential materials for today’s industries—they are actively developing the catalytic solutions that will power a cleaner, more sustainable future.