The precious metal catalysts market is projected to grow at a CAGR of 6.19% from 2017,to reach USD 19.41 billion by 2022. This growth is due to advancements in technology and the rise in emission norms across the globe. Growth in demand in automobile and pharmaceutical applications, along with environmental concerns and their legal implications are the key factors fueling the growth of the precious metal catalysts market.

The precious metal catalysts market has opportunities owing to the increase in R&D activities by companies to reduce costs and improve the quality of catalysts and the rise in investments in the automobile sector, which will drive the demand for emission control catalysts. In contrast, factors such as performance dependency on temperature & loss of activity through poising and thermal deactivation and use of new nano-particle catalysts (which can reduce the need for precious metals catalysts) restrain the growth of the market.

The cryptocurrency market was valued at USD 541.0 million in 2017 and is expected to reach USD 2,902.0 million by 2023, at a CAGR of 32.31% between 2017 and 2023.