Ruthenium Catalyst Market

Ruthenium Catalyst Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
Ruthenium containing catalysts can act as homogenous or heterogeneous catalyst in organic
reactions such as olefin metathesis. Few examples of commercially available ruthenium
catalysts includes benzeneruthenium (II) chloride dimer, ruthenium (III) iodide hydrate,
ruthenium (IV) oxide, triruthenium dodecacarbonyl, and chlorotris (triphenylphosphine)
ruthenium(II) acetate among others. It is used in different organic reactions such as
alkylation, arylation, allylation, cyclopropanation, hydroformylation, cyclization,
hydrogenation, hydrosilylation, isomerization, hydroxylation, oxidation, olefin metathesis,
tandem reactions, transfer hydrogenation, and water splitting. Ruthenium catalysts is utilized
in the production of biologically active compounds such as Swainsonine, Castanospermine,
and Epothilone C. It is used in the synthesis of chemotherapeutic agents, smart materials,
supramolecular assemblies, biopolymer, specialty polymers, and agrochemicals.
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Market Dynamics
Rise in applications of ruthenium catalyst in petrochemical, pharmaceutical, and chemical
industries is augmenting growth of the global ruthenium catalyst market. According to the
International Federation of Pharmaceutical Manufacturers & Associations, global
pharmaceutical industry is expected to reach US$ 1,430 billion by 2020. This growth in the
pharmaceutical industry is driving growth of the global ruthenium catalyst market, owing to
applications of ruthenium catalyst in synthesis of active pharmaceutical ingredients such as
macrocyclic peptides. Growing demand for chemicals is further propelling growth of the
global ruthenium catalyst market, as it is used in production of chemicals such as low
temperature synthesis of ammonia and acetic acid production.
According to the European Chemical Industry Council (CEFIC), a trade association for
European chemical industry, global sales of chemicals was values at US$ 4,015.62 billion in
2015, which increased to US$ 4,031.22 billion in 2016. Demand for Grubbs catalyst, which
consists of ruthenium catalyst, is increasing due to its advantages such as efficiency, cost
effectiveness, user friendly, and broad array of applications such as bond breaking, formation,
and rearrangement in chemical reaction. Grubbs catalyst is used in olefin metathesis, which is
used for synthesis of pharmaceutically active ingredients, fine chemicals, and organic
compounds such as spirocyclic amine, azapane and neohexene. This, in turn is driving growth
of the global ruthenium catalyst market. Furthermore, development of new applications of
ruthenium catalyst such as its use in catalytic wet oxidation process for waste water treatment
is fuelling growth of the global ruthenium catalyst market.
Market Outlook
Asia Pacific ruthenium catalyst market is expected to exhibit high growth in the global
market. This is owing to applications of ruthenium catalyst in olefin metathesis in various
industries including chemical and pharmaceutical industry. According to the European
Chemical Industry Council (CEFIC), sales of chemicals in China increased form US$
1,532.25 billion in 2015 to US$ 1,593.3 billion in 2016. Growing chemical industry is driving
growth of this market as ruthenium catalyst is used in synthesis of different organic
compounds such as polydicyclopentadiene (pDCPD).
Furthermore, ruthenium catalysts are used in the petrochemical industry for removing
hydrogen sulfide from gaseous streams in the refining process. Growth in the petrochemical
industry is contributing to growth of the ruthenium catalyst market in Asia Pacific. According
to Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers,
Government of India, production of petrochemicals in India was around 31.16 million metric
tons in 2012–2013, which increased to 36.42 million metric tons in 2016–2017.
North America held significant market share in the global ruthenium catalyst market in 2017.
Ruthenium catalysts such as Grubbs catalyst is used in pharmaceutical research and
development for synthesis of novel lead compounds, scaffolds, and pharmaceutical active
ingredients. Also, it is used in various organic reactions involved in R&D such as oxidative
dehydrogenation of alcohols, asymmetric epoxidation of alkenes, generation of dioxygen
species, and dihydroxylation of olefins. According to the Pharmaceutical Research and
Manufacturers Association (PhRMA), pharmaceutical research and development expenditure
in the U.S. was around US$ 47.05 billion in 2015. Also, firms in the U.S. conduct more than
half of the global pharmaceutical research and development thereby, driving growth of the
ruthenium catalyst market in this region.
Ruthenium catalyst market in Europe is expected to exhibit growth, owing to significant
demand from the chemical industry ion the region. Ruthenium is used as a catalyst in the
production of unsaturated alcohols, which is further utilized as final ingredient or synthetic
intermediate. It is also used for the catalysis of 1, 4-hydrogenation reactions of dienes,
asymmetric hydrogenation reactions, ring-closing metathesis (RCM), cross-metathesis (CM),
ring-opening metathesis polymerization (ROMP) and enyne metathesis. According to the
European Chemical Industry Council (CEFIC), chemical industry in Europe Union ranks
second with 15.1% market share in 2016. Furthermore, Germany was the largest chemical
producing country in Europe, in 2016 along with third-largest sales of US$ 173.39 billion in
2016, in the world. Thus, broad array of applications of ruthenium catalyst in the chemical
industry is driving growth of this market in Europe.
Key Players
Key players operating in the global ruthenium catalyst market are BASF S.E., Merck KGaA,
Johnson Matthey Catalog Company, Inc., KaiDa Technology Limited, Strem Chemicals, Inc.,
Vineeth Precious Catalysts Pvt. Ltd., Heraeus Holding GMBH, American Elements Corp.,
Apeiron Synthesis S.A., and Loba Chemie Pvt. Ltd.
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The research report on ruthenium catalyst market categorizes the global market by end-use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025

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