Global Phase Transfer Catalysts Market: Introduction
Phase Transfer Catalysts are used in heterogeneous reaction to enable the transfer of a reactant from one phase to another and react with the other phase reactants. The reactions is generally carried out in mild conditions. Phase transfer catalysts itself has both functional sites to get solubilized in both system and facilitate transferring substance from one system to another. For instance, the reactants with ionic nature are soluble in aqueous system but insoluble in organic medium so to make the reaction happen, the phase transfer catalysts is used solubilize the salt in to the desired organic medium. It is also used to accelerate the heterogeneous reaction with minimal solvent wastage. As Phase Transfer Catalysts accelerates the reaction, needs less solvents, obtains higher yield, has less side reaction, and eliminate hazardous waste, it is considered as good agent for Green Chemistry. Commonly used phase-transfer catalysts are quaternary ammonium salts, cryptands, crown ethers, and phosphonium compounds amongst which quaternary ammonium is widely used. Phase transfer reaction finds its applications in various industries such as agro-chemicals, pharmaceuticals, dyes, paper, perfumery & fragrance and other industries. Phase Transfer Catalysts are used in the pharmaceuticals industry for drug formulation and other laboratory applications. Moreover, Phase Transfer Catalysts has made possible the use of cheaper and easily available alternative raw materials like potassium carbonate and aqueous NaOH solution and thus, eliminating the severe anhydrous conditions, expensive solvents, and dangerous bases such as metal hydrides and organometallic reagents.
Global Phase Transfer Catalysts Market: Dynamics
Imposition of stringent rule on the use of harmful compounds in pharmaceutical industry which is the major end-use for phase transfer catalysts is expected to drive the demand for global Phase Transfer Catalysts as it eliminates the disadvantages of use of harmful chemical compounds. Moreover, increasing awareness related to health and hygiene can propel the market growth for phase transfer catalysts. Increasing use of green chemistry in organic synthesis process is further expected to bolster the demand for phase transfer catalysts. Vertical and backward integration market is projected to create excess demand for phase transfer catalysts in foreseeable future. In upcoming years investment for research and development activities is anticipated to increase for developing techniques for reaction rate enhancement which may restrict the consumption of phase transfer catalysts. Recovery of phase transfer catalysts is an important factor to be considered especially in commercial applications. Availability of other cheap cost catalyst can further hinder the phase transfer market growth.
Global Phase Transfer Catalysts Market: Segmentation
The global Phase Transfer Catalysts market can be segmented on the basis of its type and its application.
The global Phase Transfer Catalysts market is segmented on the basis of its type:
The global Phase Transfer Catalysts market is segmented on the basis of its application:
Global Phase Transfer Catalysts Market: Regional Outlook
North America is one of the prominent region for production and consumption of phase transfer catalysts on account of increasing awareness related to health and developments in pharmaceuticals industry in the region. Asia-Pacific region is expected to gain traction over forecast period owing to growth in agrarian countries such as India. Increasing population and need for pharmaceuticals in China and India is expected to further drive the market. Moreover, these developing countries, there would be high demand for phase transfer catalysts for food industry. Medical advancements in Europe is a primary factor for the phase transfer catalysts market growth in the region. Market in Middle East & Africa and Latin America is anticipated to show sluggish growth due to presence of undeveloped economies in the region.
Global Phase Transfer Catalysts Market: Key Participants
Examples of some of the market participants operating in the global Phase Transfer Catalysts market are:
The Phase Transfer Catalysts market research report presents a comprehensive assessment of the Phase Transfer Catalysts market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Phase Transfer Catalysts market research report provides analysis and information according to Phase Transfer Catalysts market segments such as geographies, application and industry.
The report covers exhaustive analysis on,
Regional analysis includes,
The Phase Transfer Catalysts Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Phase Transfer Catalysts market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Phase Transfer Catalysts market segments and geographies.