RUTHENIUM CATALYST MARKET ANALYSIS
Ruthenium catalyst Market Key Developments:
Key companies operating in ruthenium catalyst market are undertaking various strategies such as production capacity expansion and product development in order to maintain their competitive position in the global market. For instance, in February 2017, Apeiron Synthesis, research partners in COSMOS project, has developed a new class of olefin metathesis catalysts: bis (cyclic alkyl amino carbene) ruthenium indenylidene complexes.
In November 2017, BASF, leading chemical company and supplier of catalyst, opened world-scale chemical catalyst manufacturing plant in Caojing, Shanghai, first production plant for chemical catalyst in Asia.
Furthermore, various organizations are contributing to the development of ruthenium catalyst market with new research initiatives. For instance, in February 2019, the researchers of University of California, Santa Cruz (UCSC), developed novel ruthenium catalyst that outperforms platinum in alkaline water electrolysis for hydrogen production. This scenario of continuous research & development is projected to fuel the demand for ruthenium catalyst over the forthcoming years.
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