Phase Transfer Catalyst Market | Key players: SACHEM Inc., Tokyo Chemical Industry Co., Ltd., Nippon Chemical Industrial Co., Ltd., PAT IMPEX, Tatva Chintan Pharma Chem Pvt. Ltd., and Volant-Chem Corp.

According to recent market research "Phase Transfer Catalyst Market by Type (Ammonium Salts, Phosphonium Salts), End-use Industry (Pharmaceuticals, Agrochemicals), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023", The phase transfer catalyst market is expected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period. The major factors driving the phase transfer catalyst market include rising demand and adoption of green chemistry in organic synthesis.

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A phase transfer catalyst is a heterogeneous positive catalyst that facilitates reaction between 2 substances located in different immiscible phases. It accelerates the rate of reaction and helps in solubilizing salts into organic phases. The phase transfer catalyst is used for the chemical synthesis of organics, such as pharmaceuticals, dyes, and chemicals, among others. It is majorly used to migrate ionic reactants as these are insoluble in organic phases. The phase transfer catalyst market size is estimated to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a CAGR of 5.1%. The major factors driving the phase transfer catalyst market include rising demand and adoption of green chemistry in organic synthesis. However, technological advancements in chemical synthesis for the reduction of catalyst consumption is a major challenge for the phase transfer catalyst market.

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The global phase transfer catalyst market is estimated to be USD 960 million in 2018 and is projected to reach USD 1,232 million by 2023, at a CAGR of 5.1%. This growth is mainly attributed to the high demand from the pharmaceutical and agrochemical end-use industries for green chemistry compounds for chemical synthesis.

Companies manufacturing phase transfer catalysts majorly focus on the production of ammonium salts majorly for pharmaceutical, agricultural, and chemical products. Therefore, these companies foresee opportunities in tapping new application areas in industries, such as textiles, chemicals, and cosmetics, among others. Furthermore, companies can expand their businesses in emerging markets across the Asia Pacific, Middle East & Africa, and South America. The Asia Pacific is a very lucrative market for phase transfer catalysts due to the high demand from emerging economies, such as India, China, Australia, and South Korea. These emerging countries are hubs for the pharmaceutical and chemical industries.

SACHEM Inc. (US), Tokyo Chemical Industry Co., Ltd. (Japan), Nippon Chemical Industrial Co., Ltd. (Japan), Dishman Group (India), PAT IMPEX (India), Tatva Chintan Pharma Chem Pvt. Ltd. (India), and Volant-Chem Corp. (China) are the leading manufacturers of phase transfer catalysts, globally.

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SACHEM Inc. (US) is the leader in the phase transfer catalyst market. It manufactures and distributes a wide variety of ammonium salts for pharmaceutical, agrochemical, and polymer applications. The company is focused on the development of new products to stay competitive and gain a market share in the phase transfer catalyst industry. For example, in 2012, the company introduced the Salego BASE 1000 Series, which are used as phase transfer catalysts in the pharmaceutical industry. The strategy helped the company to strengthen its product portfolio and has helped the company meet increasing demands for organic synthesis manufacturing techniques in the pharmaceutical industry.

Tokyo Chemical Industry Co., Ltd. (Japan) is one of the leading players in the global phase transfer catalyst market and leading manufacturer of fine chemicals for research and commercial use. The company provides pharmaceutical, cosmetic, and functional materials. The company has a product portfolio of more than 28,000 synthesis products and reagents. The company has strong geographic presence and facilities in North America, Europe, and China.

Nippon Chemical Industrial Co., Ltd. is a world-renown manufacturer and supplier of chemical products. The company manufactures phosphonium salts and majorly focuses on inorganic chemicals products, such as phosphorus compounds, silicates, barium salts, and chromium salts. The company also concentrates on the export of its specialty chemical products.

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