Platinum Nanoparticles Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Platinum Nanoparticles Market in 2025 is estimated at USD 1.22 billion. The global market size was more than USD 1.18 billion in 2024 and is anticipated to grow at a CAGR of over 4.2%, reaching USD 2.01 billion revenue by 2037. North America is forecast to achieve USD 924.6 million by 2037, fueled by platinum nanoparticle demand across multiple industries.
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.
