Platinum Acetylacetonate Market Key Highlights:
- Market Size (2024): USD 77.11 Million
- Projected Market Size (2034): USD 153.11 Million
- CAGR (2023-2034): 7.1%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Platinum Acetylacetonate Market Definition
The platinum acetylacetonate market is a crucial sector of the chemical industry. This industry deals with the manufacturing and distribution of catalysts derived from platinum. These compounds have a chemical formula of Pt(O2C5H7)2 and are also known as platinum (II) bis(acetylacetonate). They are yellow-colored solid or liquid compounds with a molecular weight of 393.29 g/mol and a 249–252 °C melting point. These compounds are manufactured using the incipient wetness method. The demand for these compounds had increased rapidly due to their ability to dissolve in organic solvents.
Platinum acetylacetonate is available in various purity grades in the market, consisting of 98%, 99%, 99.50%, 99.90%, and 99.99%. It is used for numerous applications, including deposition, impregnation, and coating. In March 2022, Indian scientists developed a platinum-based electrocatalyst. These catalysts are designed to manufacture durable fuel cells. The market is expected to rise drastically with the growth in the global materials and chemical industry.
The demand for platinum acetylacetonate has increased rapidly in the chemical sector. In the chemical industry, these compounds are used as catalyzing agents for fastening various chemical reactions. Also, the application of these compounds has grown in the automotive industry for manufacturing fuel cells in EVs and catalytic converters of ICEs.
The rising use of platinum acetylacetonate in the electronics industry and medical devices sector has recently gained traction due to its numerous applications. Thus, the increased applications of platinum acetylacetonate in chemical, automotive, and other sectors are expected to propel the growth of the platinum acetylacetonate market. Advancements in nanoparticles and developments in organometallic complexes are expected to create ample opportunities for market players in the future.
Platinum Acetylacetonate Market Segmentation:
By Type
- 98% Purity
- 99% Purity Minimum
- Other
By Application
- Electronics
- Chemical Industry
- Experimental Study
- Other
Platinum Acetylacetonate Market Companies:
- American Elements
- ABCR
- ALADDIN-E
- A2B Chem
- Angene
- Chenwill Asia
- Gelest
- Glentham Life Sciences
- NBInno
- Strem
- Santa Cruz Biotechnology
- Volatec
- Henan Tianfu Chemical
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