Phase-transfer catalysts offer several advantages such as faster reactions, higher yields, fewer by-products, elimination of the need for expensive or dangerous solvents and raw materials, and minimization of waste generation. In the absence of a phase transfer catalyst, ionic reactants are insoluble in the organic phase. Ionic reactants are mostly soluble in aqueous phase.

Phase transfer catalyst, a particular form of heterogeneous catalyst facilitates the migration of a reactant from one phase into another. Want to know more about the market scope? Register Here The phase transfer catalyst market was estimated at USD 962.56 million in 2022 and is likely to witness an impressive CAGR of 5.07% during 2023-2028 to reach USD 1299.77 million in 2028.