The global phase transfer catalyst market size was valued at USD 1060.42billion in 2021 and is poised to grow at a significant CAGR of 5.1% during the forecast period 2022-28. These are heterogeneous and positive catalysts enables facilitate reaction between two different immiscible phases. These catalysts accelerate the rate of reaction between chemicals and help in solubilizing salts in organic phases. The catalysts mainly used in the chemical synthesis of organics such as pharmaceuticals and chemicals. Rising demand and adoption of green chemistry in organic synthesis is expected to drive the growth of the market during the forecast period. However, the availability of low-cost industrial catalysts is expected to restrain the growth of the market. A phase transfer catalyst is a product that aids in the transition of a reactant from one phase to another. Because there is no phase transfer catalyst in the organic phase, the ionic reactants are insoluble, but they are soluble in the aqueous phase. These are regarded a type of heterogeneous catalysis in their own right. One of the primary factors driving the growth of the phase transfer catalyst market is the widespread use of the product in liquid/gas and liquid/solid interactions around the world. The market is expected to grow due to rising demand and acceptance of green chemistry in organic synthesis, as well as an increase in the use of the product for solubilizing salts into the organic phase by acting as a detergent. Key players adopt to various market strategy like acquisition, collaboration, technological innovations, and new product launch to enhance their product portfolio and create a strong consume base. For instance, in 2012, SACHEM, Inc. introduced Salego BASE 1000 series, which are used as phase transfer catalysts in the pharmaceuticals industry. This launch helped the company in meeting the increased demand for organic synthesis manufacturing techniques in the pharmaceuticals industry.

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PTC is a catalyst that facilitates the migration of a reactant from one phase into another phase where reaction occurs. PTC process, helps to achieve faster reactions, obtain higher conversions or yields, make fewer byproducts, and eliminate the need for expensive or dangerous solvents that will dissolve all the reactants in one phase, eliminate the need for expensive raw materials and/or minimize waste problems. Phase-transfer catalysts are especially useful in green chemistry by allowing the use of water, the need for organic solvents is reduced. The use of PTC is rising in pharmaceutical industry owing to its greener attributes as it minimizes the requirement of using organic solvents and dangerous, inconvenient, and expensive reactants. These catalysts also helps to reduce the generation of industrial wastes which has contrived it as an ideal candidate for many end user industries.

The global phase transfer catalyst market segmentation:

  • By Type: Ammonium Salts, Phosphonium Salts
  • By End-user: Pharmaceuticals, Agrochemicals

 

North America is anticipated to lead the phase transfer catalyst market during the forecast period due to ongoing R&D activities in the field of the phase transfer catalysis in the region. The growth of the phase transfer catalyst market in the North American region is driven by the increased demand for these catalysts from countries such as the US, Canada, owing to a rising preference for green chemistry compounds in different end-use industries. The region is expected to be the first to implement regulations to promote the adoption of green chemistry in organic synthesis in coming year.

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Some of the major players working in phase transfer catalyst market, which include 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), Central Drug House (P) Ltd. (India), Pacific Organics Private Limited (India), Otto Chemie Pvt. Ltd. (India), Volant-Chem Corp. (China)

 


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