{"product_id":"matthey-pestle-analysis","title":"Johnson Matthey PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eYour Shortcut to Market Insight Starts Here\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock how political regulation, shifting energy economics, and rapid clean-tech innovation are shaping Johnson Matthey’s strategic path. This concise PESTLE snapshot highlights risks and growth levers you can act on. Purchase the full, editable analysis to get detailed insights and ready-to-use strategic recommendations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEmissions policy tailwinds\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eStricter global emissions standards in transport and industry — EU Euro 7 (timelines around 2025–27), China VI (phased in through 2021–23) and ongoing US EPA tightening through the 2020s — are boosting demand for advanced catalysts as transport accounts for about 24% of energy‑related CO2 (IEA). Policy reversals or delays can shift volumes and mix, so JM must align lobbying and compliance to capture regulatory-led growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHydrogen and green industrial policy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUS IRA clean hydrogen tax credit (Section 45V) of up to 3 per kg, the EU Green Deal target of 10 Mt renewable hydrogen by 2030 and the UK 10 GW electrolyser target plus a £240m Net Zero Hydrogen Fund drive demand for fuel cells and electrolysis supply chains that boost Johnson Matthey’s catalysts and components uptake. Subsidies and CfDs can accelerate JM adoption and pricing power, while localization and eligibility rules shape where JM sites capacity. Monitoring tender pipelines across US, EU and UK is critical for order visibility and capacity planning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitical supply chain risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eJohnson Matthey faces concentrated PGM sourcing risk with roughly 70% of global platinum group metals originating in South Africa and about 10% from Russia, exposing it to political instability and sanctions. Trade tensions and tariffs have repeatedly distorted flows and pressured processing margins. Expanding diversified mines and recycling — recycling supplies around 20–25% of platinum demand — cuts geopolitical exposure. Government stockpiles and export controls can rapidly swing availability and prices.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBrexit and market access\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eBrexit created UK REACH (effective 1 January 2021) forcing Johnson Matthey to maintain dual UK REACH and EU REACH registrations, increasing regulatory and testing costs and complicating logistics between UK and EU sites.\u003c\/p\u003e\n\u003cp\u003eRules-of-origin and customs checks under the UK–EU Trade and Cooperation Agreement add paperwork, tariff risk and lead times, prompting JM to optimise plant footprints and inventory buffers.\u003c\/p\u003e\n\u003cp\u003eTargeted UK government support for strategic manufacturing (eg industrial schemes and grants) can offset some frictional costs and influence investment location decisions.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eUK REACH launched 01-01-2021\u003c\/li\u003e\n\u003cli\u003eDual compliance required: UK REACH + EU REACH\u003c\/li\u003e\n\u003cli\u003eRules-of-origin\/customs add lead time and cost\u003c\/li\u003e\n\u003cli\u003eGovernment manufacturing support mitigates some impacts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePublic procurement and standards\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eGovernment clean-air rules and low-carbon fuel mandates plus public-fleet electrification drive procurement toward emissions-light tech; public procurement equals roughly 12% of GDP and the EU market is about €2 trillion yearly, boosting demand for JM catalysts and battery materials. CSRD\/ESRS transparency rules (affecting ~50,000 firms) increase lifecycle scrutiny, while JM’s participation in standards bodies helps align specs with its low-embedded-carbon and recycled-content capabilities.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePublic procurement ≈12% GDP\u003c\/li\u003e\n\u003cli\u003eEU market ≈€2tn\/yr\u003c\/li\u003e\n\u003cli\u003eCSRD covers ~50,000 firms\u003c\/li\u003e\n\u003cli\u003eStandards alignment improves market access\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEU Euro 7, US IRA hydrogen incentives and PGM supply risks drive catalyst \u0026amp; electrolysis demand\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eStricter vehicle\/industrial emissions rules (EU Euro 7 timelines 2025–27), US EPA tightening and IRA 45V hydrogen credit (up to $3\/kg) plus EU 10 Mt by 2030 and UK 10 GW by 2030 lift demand for JM catalysts and electrolysis components; PGM supply concentration (~70% South Africa, ~10% Russia) and recycling (~20–25% of supply) drive sourcing risk management; UK REACH (01-01-2021) and rules-of-origin add compliance costs; public procurement (~12% GDP) and CSRD (~50,000 firms) raise lifecycle transparency demands.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003eMetric\/Date\u003c\/th\u003e\n\u003cth\u003eRelevance to JM\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eEU Euro 7\u003c\/td\u003e\n\u003ctd\u003e2025–27\u003c\/td\u003e\n\u003ctd\u003eHigher catalyst demand\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUS IRA 45V\u003c\/td\u003e\n\u003ctd\u003eUp to $3\/kg\u003c\/td\u003e\n\u003ctd\u003eBoosts hydrogen market\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePGM sourcing\u003c\/td\u003e\n\u003ctd\u003e~70% RSA; ~10% RUS\u003c\/td\u003e\n\u003ctd\u003eGeopolitical supply risk\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how Political, Economic, Social, Technological, Environmental, and Legal factors uniquely affect Johnson Matthey, with each category expanded into specific sub-points and examples tied to its chemicals, catalysts, and battery materials activities. Backed by current data and forward-looking insights, the analysis supports executives and investors in identifying risks, opportunities, and strategic scenarios.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, visually segmented PESTLE summary of Johnson Matthey that’s easy to drop into slides or reports, editable for specific regions or business lines, and ideal for quickly aligning teams and supporting risk and market-positioning discussions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommodity price volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePlatinum, palladium and rhodium price swings (2024 average: Pt ~$975\/oz, Pd ~$1,260\/oz, Rh ~$9,000\/oz) materially drive Johnson Matthey’s working capital and hedging needs, forcing wider cash buffers. Spread management and recycling — which supplied roughly 25% of JM’s PGM feedstock in 2024 — are critical to margin stability. Substitution between PGMs (e.g., Pd to Pt in autocatalysts) shifts demand balance. Robust hedging and contractual pass-throughs (coverage ~70% in 2024) protect earnings.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAuto cycle and powertrain mix\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eICE and hybrid production still drives catalyst volumes as EVs accounted for about 16% of global new car sales in 2024, leaving roughly 84% ICE\/hybrid share; rising EV penetration reduces per-vehicle catalyst demand. China NEV share reached ~30% in 2024, the EU ~22% and the US ~8%, shifting regional technology content per unit. Commercial and off-road segments follow different cyclical patterns, impacting timing of orders. Accurate 2024–25 forecasts are critical for capacity loading and inventory management to avoid under- or over-utilisation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInflation and energy costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eHigh electricity (~£0.15–0.20\/kWh) and industrial gas (~£0.04–0.06\/kWh) prices raise processing costs for metal refining and chemicals, squeezing margins amid 2024 UK CPI around 4%. Energy surcharges and long‑term PPAs have been used to mitigate volatility, stabilising input costs. Aggressive efficiency programmes and electrification lower unit costs, but margin resilience hinges on pricing discipline and contract structures. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFX and interest rate dynamics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpjohnson matthey multi-currency revenues and metal purchases eur gbp zar drive material fx exposure amplify translation transaction risk. interest-rate moves of england base us fed july raise discount rates pension liabilities borrowing costs. natural hedges derivatives swaps stabilize cash flow while treasury agility supports capital allocation buybacks dividend policy. class=\"lst_crct\"\u003e\u003cli\u003eFX: USD, EUR, GBP, ZAR\u003c\/li\u003e\u003cli\u003eRates: BOE 5.25% \/ Fed 5.25–5.5%\u003c\/li\u003e\u003cli\u003eMitigants: natural hedges, derivatives\u003c\/li\u003e\u003cli\u003eTreasury: supports buybacks\/dividends\u003c\/li\u003e\n\u003c\/pjohnson\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapex, R\u0026amp;D, and scale-up economics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eHydrogen and catalyst capacity require disciplined capex tied to visible offtake; pilot-to-plant scale-up shifts yields and unit costs materially, often changing project IRR during commercialization phases.\u003c\/p\u003e\n\u003cp\u003ePartnerships and customer prepayments can de-risk investments while R\u0026amp;D productivity and time-to-market determine long-term ROCE and asset turnover.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\u003c\/ul\u003e\n\u003cli\u003eCapex discipline linked to offtake\u003c\/li\u003e\n\u003cli\u003eScale-up impacts yields\/unit costs\u003c\/li\u003e\n\u003cli\u003ePartnerships\/prepayments de-risk\u003c\/li\u003e\n\u003cli\u003eR\u0026amp;D productivity drives ROCE\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEU Euro 7, US IRA hydrogen incentives and PGM supply risks drive catalyst \u0026amp; electrolysis demand\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePlatinum\/Pd\/Rh volatility (2024 avg Pt ~$975, Pd ~$1,260, Rh ~$9,000) drives working capital and hedging; hedge coverage ~70% and recycling supplied ~25% of PGM feed in 2024. EVs ~16% of global car sales in 2024, reducing per‑vehicle catalyst demand as NEV shares: China ~30%, EU ~22%, US ~8%. Energy (£0.15–0.20\/kWh) and FX (GBP\/USD 1.27, EUR\/GBP 0.86 Jul‑2025) plus BOE\/Fed ~5.25% raise costs and discount rates.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/Jul‑2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePGM prices\u003c\/td\u003e\n\u003ctd\u003ePt $975, Pd $1,260, Rh $9,000\/oz (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEV share\u003c\/td\u003e\n\u003ctd\u003e16% global (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnergy\u003c\/td\u003e\n\u003ctd\u003e£0.15–0.20\/kWh (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFX\/Rates\u003c\/td\u003e\n\u003ctd\u003eGBP\/USD 1.27, EUR\/GBP 0.86; BOE\/Fed ~5.25% (Jul‑2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHedging\/Recycling\u003c\/td\u003e\n\u003ctd\u003eCoverage ~70%; recycling ~25% feed (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eSame Document Delivered\u003c\/span\u003e\u003cbr\u003eJohnson Matthey PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThis Johnson Matthey PESTLE Analysis gives a concise evaluation of political, economic, social, technological, legal and environmental factors affecting the company. The content and structure shown in the preview is the same document you’ll download after payment. Fully formatted and ready to use, no placeholders or surprises.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"PortersFiveForce","offers":[{"title":"Default Title","offer_id":56162651308409,"sku":"matthey-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0914\/5276\/8633\/files\/matthey-pestle-analysis.png?v=1762705574","url":"https:\/\/portersfiveforce.com\/products\/matthey-pestle-analysis","provider":"Porter's Five Forces","version":"1.0","type":"link"}