Platinum Nanoparticles Market Size

Platinum Nanoparticles Market size was valued at USD 1.18 billion in 2024 and is set to exceed USD 2.01 billion by 2037, registering over 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of platinum nanoparticles is evaluated at USD 1.22 billion..

The platinum nanoparticles market is expanding due to the growing application of platinum in catalytic converters. A recently conducted study found that 33% of the world's platinum is used for a catalytic converter. Platinum nanoparticles can speed up chemical processes because of their high catalyst’s activity. This makes them suitable for use in a variety of catalytic applications, such as fuel cells, catalysts for petrochemical cracking, and catalytic converters for automobiles. Car catalytic converters, which reduce air pollutants and improve air quality, require platinum as a necessary component.

In addition, the demand for automotive catalytic converters is being driven by strong growth in vehicle production around the world. Therefore, the demand for platinum nanoparticles to manufacture catalytic converters in automobiles is driven by significant growth of vehicle production across all regions worldwide.