The global phase transfer catalyst market is expected to expand at a substantial CAGR during the forecast period, 2020–2026. A catalyst that helps in transferring a reactant from one phase to another is called a phase transfer catalyst and though ionic reactants are soluble in aqueous phase, but in organic phase, they are insoluble due to the absence of phase transfer catalyst. They are a special form of heterogeneous catalysis. The catalyst helps in solubilizing salts into the organic phase by acting as a detergent. They are employed in liquid/gas and liquid/solid reactions.
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The catalyst acts as a detergent for solubilizing salts into the organic phase. One or more reactants are transported into the second phase, which contains both the reactants. By employing phase transfer catalyst in process, one can achieve faster reactions and obtain higher conversions or yields. This make fewer by products and eliminate the need for expensive or dangerous solvents that will dissolve all the reactants in one phase and eliminate the need for expensive raw materials and minimize waste problems. Phase transfer catalysts are employed in green chemistry. The global phase transfer catalyst market is segmented into product types, end-user and regions.
Market Trends, Drivers, Restraints, and Opportunities:
- Rise in awareness related to health, high demand for medicines, surge in pharmaceutical industry and scope for vertical and backward integration are considered to drive the global phase transfer catalyst market during the forecast period.
- Availability of low-cost industrial catalysts and technological advancements in chemical synthesis to reduce catalyst consumption are considered as restraints and this will hamper the growth of the global phase transfer catalyst market during the forecast period.
- Rise in research and development activities for the new drug development in pharmaceutical industry, increase in usage of green chemistry in organic synthesis processes, and surge in demand for phase transfer catalyst for bio plastics are considered as opportunities and it will boost the global phase transfer catalyst market during the forecast period.
The world leading players in the global phase transfer catalyst market include SACHEM Inc., Tokyo Chemical Industry Co., Ltd., Nippon Chemical Industrial Co., Ltd., Dishman Group, PAT IMPEX, Tatva Chintan Pharma Chem Pvt. Ltd., Central Drug House (P) Ltd., Pacific Organics Private Limited, Otto Chemie Pvt. Ltd., and Volant-Chem Corp. The global phase transfer catalyst market is fragmented and multiple companies are likely to invest in research & development activities to develop innovative products and gain good customer base. The key players are focusing on adopting the strategies such as product innovation, joint venture, mergers & acquisitions, collaborations, and partnership. SACHEM Inc. has emerged as the global leader in the phase transfer catalyst market. In March 2017, SACHEM has launched as the innovative products such as Ferrion range. The Ferrion PTC line is a complete palette of agrochemical phase transfer catalyst, used in many biphasic organic transitions in the agrochemical industry.
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The global phase transfer catalyst market has been segmented on the basis of
- Ammonium Salts
- Phosphonium Salts
- Crown Ether
- Asia Pacific
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Phase Transfer Catalyst Market Overview
- Global Phase Transfer Catalyst Market Analysis and Forecast by Type
- Global Phase Transfer Catalyst Market Analysis and Forecast by Application
- Global Phase Transfer Catalyst Market Analysis and Forecast by Sales Channel
- Global Phase Transfer Catalyst Market Analysis and Forecast by Region
- North America Phase Transfer Catalyst Market Analysis and Forecast
- Latin America Phase Transfer Catalyst Market Analysis and Forecast
- Europe Phase Transfer Catalyst Market Analysis and Forecast
- Asia Pacific Phase Transfer Catalyst Market Analysis and Forecast
- Middle East & Africa Phase Transfer Catalyst Market Analysis and Forecast
- Competition Landscape
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