Dublin, Feb. 19, 2019 (GLOBE NEWSWIRE) -- The "Phase Transfer Catalyst Market by Type (Ammonium Salts, Phosphonium Salts), End-use Industry (Pharmaceuticals, Agrochemicals), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Rising demand and adoption of green chemistry in organic synthesis is expected to drive the growth
The phase transfer catalyst market is projected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2018 to 2023.
Phase transfer catalysts are heterogeneous and positive catalysts that facilitate reaction between two substances that have different immiscible phases. These catalysts accelerate the rate of reaction between chemicals and help in solubilizing salts in organic phases. Phase transfer catalysts are used in the chemical synthesis of organics such as pharmaceuticals and chemicals.
They are majorly used to migrate ionic reactants from inorganic phases to organic phases, thereby making them insoluble. Ionic reactants are often soluble in an aqueous phase but are insoluble in the organic phase in the absence of phase transfer catalysts. Phase transfer catalysts for anion reactants are often quaternary ammonium salts, whereas phase transfer catalysts for cations are often crown ethers.
A variety of other reactions with the addition, reduction, and oxidation of inorganic anions can take place efficiently using phase transfer catalysts. These catalysts eliminate the requirement for expensive and harmful solvents in chemical reactions. Phase transfer catalysts are majorly solids, whereas reactants are liquids or gases. These catalysts are employed for solid-liquid and liquid-gases reactions.
In this study, the phase transfer catalyst market has been segmented based on type, end-use industry, and region. Based on type, the ammonium salts segment accounted for the largest share of 55.1% of the phase transfer catalyst market in 2017, in terms of value.
The growth of this segment can be attributed to the increased demand for tetrabutylammonium bromide, tetrabutylammonium hydrogen sulfate, tetrabutylammonium fluoride trihydrate, and tetrabutylammonium chloride, among others, which are easily available and inexpensive as compared to other PTC materials.
The phosphonium salts and others (crown ethers and cryptands) segments accounted for relatively smaller shares of the phase transfer catalyst market as compared to the ammonium salts segment. Phosphonium salts, crown ethers, and cryptands have very high manufacturing costs, along with limited application areas when compared with ammonium salts.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations of the Study
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Phase Transfer Catalyst Market
4.2 Phase Transfer Catalyst Market, By Region
4.3 North America Phase Transfer Catalyst Market, By Type and Country
4.4 Phase Transfer Catalyst Market: Major Countries
4.5 Phase Transfer Catalyst Market, By End-Use Industry and Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand and Adoption of Green Chemistry in Organic Synthesis
5.2.2 Restraints
5.2.2.1 Availability of Low-Cost Industrial Catalysts
5.2.3 Opportunities
5.2.3.1 Scope for Vertical and Backward Integration in the Market
5.2.4 Challenges
5.2.4.1 Technological Advancements in Chemical Synthesis to Reduce Catalyst Consumption
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
5.5 Macroeconomic Indicators
5.5.1 Pharmaceuticals
6 Phase Transfer Catalyst Market, By Type
6.1 Introduction
6.2 Ammonium Salts
6.3 Phosphonium Salts
6.4 Others
6.4.1 Crown Ethers
6.4.2 Cryptands
7 Phase Transfer Catalyst Market, By End-Use Industry
7.1 Introduction
7.2 Pharmaceuticals
7.2.1 Active Pharmaceutical Ingredient (API)
7.2.2 Drug Formulation
7.3 Agrochemicals
7.4 Others
8 Regional Analysis
9 Competitive Landscape
9.1 Overview
9.2 Competitive Leadership Mapping
9.2.1 Progressive Companies
9.2.2 Responsive Companies
9.2.3 Dynamic Companies
9.2.4 Starting Blocks
9.3 Ranking of Key Players, 2018
9.4 Competitive Scenario
9.4.1 New Product Launches
10 Company Profiles
10.1 Sachem Inc.
10.2 Tokyo Chemical Industry Co., Ltd.
10.3 Nippon Chemical Industrial Co., Ltd.
10.4 Dishman Group
10.5 PAT IMPEX
10.6 Tatva Chintan Pharma Chem Pvt. Ltd.
10.7 Central Drug House (P) Ltd.
10.8 Volant-Chem Corp.
10.9 Pacific Organics Private Limited
10.10 Otto Chemie Pvt. Ltd.
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