Emission Control Catalysts Market 2024 - Current Analysis by Market Share Up to 2032

Global Emission Control Catalysts Market Overview

Global Emission Control Catalysts Market was valued at USD 10.90 Billion in 2023 and is expected to reach USD 2.125 Billion by the year 2032, at a CAGR of 7.7%

The Emission Control Catalysts (ECC) market is crucial for reducing harmful emissions from vehicles and industrial processes, driven by stringent environmental regulations and growing awareness of air pollution. ECCs, primarily composed of platinum, palladium, and rhodium, facilitate chemical reactions that convert toxic gases such as carbon monoxide, hydrocarbons, and nitrogen oxides into less harmful substances like carbon dioxide, water, and nitrogen.

The automotive sector is the largest end-user, utilizing ECCs in catalytic converters to meet regulatory standards like Euro 6, BS VI, and Tier 3. The industrial segment also sees significant growth due to rising emissions standards in power plants, refineries, and chemical manufacturing. Technological advancements, such as the development of advanced ECCs with higher efficiency and lower precious metal content, are key trends. However, challenges include fluctuating prices of precious metals and the shift towards electric vehicles, which could reduce demand for ECCs in the long term. Overall, the ECC market is poised for steady growth, driven by regulatory pressures and technological innovations.

Market Dynamics And Key Factors In Emission Control Catalysts Market

Drivers:

The wide adoption and the growing popularity of catalysts for emission control from internal combustion engines modules are driving the growth of the Emission Control Catalysts Market in the forecast period. Moreover, the simplicity and passive characteristics of most catalyst systems and the durability of catalysts are promoting the growth of the Emission Control Catalysts Market throughout the forecast. Furthermore, Emission Control Catalysts have negligible adverse effects on the overall performance of the engine and fuel consumption. Additionally, emission control catalysts require low maintenance costs or are maintenance-free. The rapid increase in the sale of automobiles worldwide owing to growing disposable income is supporting the expansion of the Emission Control Catalysts Market during the forecast period. The rising awareness of environmental pollution and to curb the growing global warming side effects caused due to automobiles are strengthening the Emission Control Catalysts Market growth.

Restraints:

The functionality of catalysts depends on the temperature. Moreover, catalysts can lose their operational activities due to poisoning and thermal deactivation. In certain instances, there is the possibility of undesirable reactions taking place in the catalytic converter further, there are chances of formation of secondary emissions on the catalyst thus degrading its overall performance hence restricting the growth of Emission Control Catalysts Market in the period of forecast. Furthermore, insufficient market availability of some catalytic materials, such as some noble metals, may result in unpredictable price fluctuations of catalysts and supply shortages thus hindering the growth of the Emission Control Catalysts Market during the forecast period. Platinum group metals, mostly palladium, rhodium, and platinum can accumulate in soil and plants along highways which are released from catalytic converters due to corrosion and have been found in road dust and urban waste such as ambient particulate matter as well as in burned sewage ash in urban environments, the environmental impacts of which are still not found. All these factors are hampering the growth of the Emission Control Catalysts Market throughout the forecast.

Opportunities:

Emission Control Catalysts play a vital role in reducing the emissions from the automobile as well from industrial activities, thus they are widely used in the automobile and industrial sector. The use of catalytic converters in automobiles has significantly increased in recent times owing to the pollution caused by the combustion of organic compounds. Moreover, various companies are investing in research and development of advanced catalytic converter which uses different metals as catalysts rather than Platinum Group Metals (PGMs). The investments made by governments to decrease the pollution caused by automobiles are further providing opportunities for market players involved in the manufacturing of Emission Control Catalysts.

Challenges:

The high prices of noble metals used in the manufacturing of emission control catalysts are the major challenge for the market players. The price of platinum, palladium, and rhodium keeps fluctuating owing to the disruption in the supply chains. To overcome these high prices and to decrease the price involved in the mining and processing of PGMs metals are some major challenges for markets players of emission control catalysts.  

Market Segmentation

Segmentation Analysis of Emission Control Catalysts Market

Depending on Metal Type, palladium is expected to dominate the Emission Control Catalysts Market in the forecast period. The cost, availability, and overall performance of palladium are remarkable as compared to other precious noble elements. Palladium is extensively used as an oxidation catalyst in gasoline engines due to its ability to maintain its high performance at high temperatures. Moreover, emission control catalysts having the combination of platinum and palladium are launched to enhance the performance of the catalytic converter. The low cost of platinum-based emission catalysts is boosting the growth of the palladium segment.

Depending on Engine Type, the gasoline segment is anticipated to dominate the Emission Control Catalysts Market in the forecast period. Palladium-based catalysts are widely used in gasoline engines than that diesel engines, thus supporting the growth of the gasoline segment.

Depending on Application, the mobile segment is forecasted to lead the Emission Control Catalysts Market. The mobile segment widely comprises vehicles having gasoline engines and diesel engines. The growing demand for automobiles owing to the rising disposable income is promoting the expansion of the mobile segment. Moreover, automobiles are responsible for increasing pollution so to reduce the pollution emission control catalysts are widely used in this segment.

Depending on End-User Industry, the Automobile segment is predicted to dominate the Emission Control Catalysts Market. The growing sales of automobiles are the vital factor promoting the use of Emission Control Catalysts in vehicles, thus strengthening the growth of the automobile segment.

Regional Analysis of Emission Control Catalysts Market

Asia-Pacific region is anticipated to have the highest share of the Emission Control Catalysts Market throughout the forecast period. The factors driving the market in this region are the rising disposable income and the development in infrastructure which is instigating individuals to purchase automobiles. The rapidly growing population in countries such as China, and India and the growing investments in automobile and industrial sectors are propelling the growth of the Emission Control Catalysts Market in this region. Moreover, China holds a major chunk in chemicals produced globally and major market companies have their manufacturing plants in China. All these factors promote the expansion of the Emission Control Catalysts Market in the Asia-Pacific region.

Followed by Asia-Pacific, the European region is anticipated to have the second-highest share in Emission Control Catalysts Market owing to the incentives and subsidies provided by the European Union to reduce the carbon emissions from power stations and manufacturing units. These are EU-wide fleet targets. The European governments have implemented various vehicle emission laws to reduce pollution caused by emissions of vehicles such as light-duty vehicles, heavy-duty vehicles, car labeling, fuel quality directive, and more. These stringent emission regulations by the European government are promoting the growth of the Emission Control Catalysts Market in this region.

Key Industrial Developments in Emission Control Catalysts Market

• In October 2021, BASF SE declared the commercial launch of its next-generation Carbon Monoxide promoter additive known as Enable. This new additive is based on a platinum-based technology solution. This platinum-based product, Enable significantly optimizes performance and increases activity for refiners with more efficient use of precious metals. Enable, due to the combination of differentiating design features offers customers significant performance improvement in controlling regenerator afterburn and enhances durability via support surface morphology modification.
• In July 2021, Clariant Catalysts to meet growing global demand, particularly in China is expanding and enhancing its capacity for emission control catalysts. Clariant International Ltd., just recently upgraded its production facility and began commencement operations, in Neufeld, Germany, with a hallmark of state-of-the-art production equipment exclusively dedicated to emission control catalysts.

Players Covered in Emission Control Catalysts market are :

• BASF SE
• Johnson Matthey
• Umicore
• Tenneco Inc.
• Clariant
• Cataler Corporation
• Haldor Topsoe A/S
• Nett Technologies Inc.
• CDTi Advanced Materials Inc.
• Cormetech Inc.
• DCL International Inc.
• Hitachi Zosen Corporation
• Clean Diesel Technologies, Inc.
• NGK Insulators, Ltd.
• Hug Engineering AG
• Walker Emissions Control (Tenneco)
• Haldor Topsoe A/S
• Honeywell UOP
• Dinex A/S
• Nissan Chemical Corporation

Key Industry Developments In The Emission Control Catalysts Market

• In Aug 2024: BASF Catalysts India Private Limited (BCIL), a subsidiary of BASF Environmental Catalyst and Metal Solutions (ECMS), has inaugurated a new Research, Development and Application (RD&A) lab at its site in Mahindra World City, Tamil Nadu, Chennai. The strategic investment is focused on the development of emissions control catalysts that are tailored to the unique needs of the Indian automotive market.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By Engine Type
 3.4 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Emission Control Catalysts Market by Type
 5.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
 5.2 Emission Control Catalysts Market Overview
 5.3 Platinum
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Platinum: Grographic Segmentation
 5.4 Rhodium
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Rhodium: Grographic Segmentation
 5.5 Palladium
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Palladium: Grographic Segmentation
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Grographic Segmentation

Chapter 6: Emission Control Catalysts Market by Application
 6.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
 6.2 Emission Control Catalysts Market Overview
 6.3 Mobile Equipment {Off Road
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Mobile Equipment {Off Road: Grographic Segmentation
 6.4 On Road}
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 On Road}: Grographic Segmentation
 6.5 Stationary Equipment
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Stationary Equipment: Grographic Segmentation

Chapter 7: Emission Control Catalysts Market by Engine Type
 7.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
 7.2 Emission Control Catalysts Market Overview
 7.3 Gasoline Engine
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Gasoline Engine: Grographic Segmentation
 7.4 Diesel Engine
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Diesel Engine: Grographic Segmentation

Chapter 8: Emission Control Catalysts Market by End-User
 8.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
 8.2 Emission Control Catalysts Market Overview
 8.3 Automotive & Transportation
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Automotive & Transportation: Grographic Segmentation
 8.4 Chemical Industry
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Chemical Industry: Grographic Segmentation
 8.5 Mining Industry
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Mining Industry: Grographic Segmentation
 8.6 Power Industry
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Power Industry: Grographic Segmentation
 8.7 Others
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2016-2028F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Emission Control Catalysts Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Emission Control Catalysts Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Emission Control Catalysts Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 BASF SE
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 CLARIANT INTERNATIONAL LTD.
 9.4 CORMETECH INC.
 9.5 CORNING INC.
 9.6 HALDOR TOPSOE A/S
 9.7 HERAEUS HOLDING GMBH
 9.8 JOHNSON MATTHEY
 9.9 NETT TECHNOLOGIES INC.
 9.10 NGK INSULATORS LTD.
 9.11 SOLVAY SA
 9.12 UMICORE
 9.13 ZEOLYST INTERNATIONAL
 9.14 BOSAL
 9.15 DCL INTERNATIONAL INC.
 9.16 OTHER MAJOR PLAYERS

Chapter 10: Global Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Platinum
  10.2.2 Rhodium
  10.2.3 Palladium
  10.2.4 Others
 10.3 Historic and Forecasted Market Size By Application
  10.3.1 Mobile Equipment {Off Road
  10.3.2 On Road}
  10.3.3 Stationary Equipment
 10.4 Historic and Forecasted Market Size By Engine Type
  10.4.1 Gasoline Engine
  10.4.2 Diesel Engine
 10.5 Historic and Forecasted Market Size By End-User
  10.5.1 Automotive & Transportation
  10.5.2 Chemical Industry
  10.5.3 Mining Industry
  10.5.4 Power Industry
  10.5.5 Others

Chapter 11: North America Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Platinum
  11.4.2 Rhodium
  11.4.3 Palladium
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Mobile Equipment {Off Road
  11.5.2 On Road}
  11.5.3 Stationary Equipment
 11.6 Historic and Forecasted Market Size By Engine Type
  11.6.1 Gasoline Engine
  11.6.2 Diesel Engine
 11.7 Historic and Forecasted Market Size By End-User
  11.7.1 Automotive & Transportation
  11.7.2 Chemical Industry
  11.7.3 Mining Industry
  11.7.4 Power Industry
  11.7.5 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Platinum
  12.4.2 Rhodium
  12.4.3 Palladium
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Mobile Equipment {Off Road
  12.5.2 On Road}
  12.5.3 Stationary Equipment
 12.6 Historic and Forecasted Market Size By Engine Type
  12.6.1 Gasoline Engine
  12.6.2 Diesel Engine
 12.7 Historic and Forecasted Market Size By End-User
  12.7.1 Automotive & Transportation
  12.7.2 Chemical Industry
  12.7.3 Mining Industry
  12.7.4 Power Industry
  12.7.5 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Platinum
  13.4.2 Rhodium
  13.4.3 Palladium
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Mobile Equipment {Off Road
  13.5.2 On Road}
  13.5.3 Stationary Equipment
 13.6 Historic and Forecasted Market Size By Engine Type
  13.6.1 Gasoline Engine
  13.6.2 Diesel Engine
 13.7 Historic and Forecasted Market Size By End-User
  13.7.1 Automotive & Transportation
  13.7.2 Chemical Industry
  13.7.3 Mining Industry
  13.7.4 Power Industry
  13.7.5 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Platinum
  14.4.2 Rhodium
  14.4.3 Palladium
  14.4.4 Others
 14.5 Historic and Forecasted Market Size By Application
  14.5.1 Mobile Equipment {Off Road
  14.5.2 On Road}
  14.5.3 Stationary Equipment
 14.6 Historic and Forecasted Market Size By Engine Type
  14.6.1 Gasoline Engine
  14.6.2 Diesel Engine
 14.7 Historic and Forecasted Market Size By End-User
  14.7.1 Automotive & Transportation
  14.7.2 Chemical Industry
  14.7.3 Mining Industry
  14.7.4 Power Industry
  14.7.5 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Platinum
  15.4.2 Rhodium
  15.4.3 Palladium
  15.4.4 Others
 15.5 Historic and Forecasted Market Size By Application
  15.5.1 Mobile Equipment {Off Road
  15.5.2 On Road}
  15.5.3 Stationary Equipment
 15.6 Historic and Forecasted Market Size By Engine Type
  15.6.1 Gasoline Engine
  15.6.2 Diesel Engine
 15.7 Historic and Forecasted Market Size By End-User
  15.7.1 Automotive & Transportation
  15.7.2 Chemical Industry
  15.7.3 Mining Industry
  15.7.4 Power Industry
  15.7.5 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion