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.
Global Emission Control Catalysts Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.90 Bn. |
Forecast Period 2024-32 CAGR: |
7.7% |
Market Size in 2032: |
USD 2.125 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Engine Type |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By Application
ā3.3 By Engine Type
ā3.4 By End-User
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Emission Control Catalysts Market by Type
ā5.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
ā5.2 Emission Control Catalysts Market Overview
ā5.3 Platinum
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2016-2028F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Platinum: Grographic Segmentation
ā5.4 Rhodium
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2016-2028F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Rhodium: Grographic Segmentation
ā5.5 Palladium
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2016-2028F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Palladium: Grographic Segmentation
ā5.6 Others
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size (2016-2028F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Others: Grographic Segmentation
Chapter 6: Emission Control Catalysts Market by Application
ā6.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
ā6.2 Emission Control Catalysts Market Overview
ā6.3 Mobile Equipment {Off Road
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2016-2028F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Mobile Equipment {Off Road: Grographic Segmentation
ā6.4 On Road}
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2016-2028F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 On Road}: Grographic Segmentation
ā6.5 Stationary Equipment
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2016-2028F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Stationary Equipment: Grographic Segmentation
Chapter 7: Emission Control Catalysts Market by Engine Type
ā7.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
ā7.2 Emission Control Catalysts Market Overview
ā7.3 Gasoline Engine
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2016-2028F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Gasoline Engine: Grographic Segmentation
ā7.4 Diesel Engine
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2016-2028F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Diesel Engine: Grographic Segmentation
Chapter 8: Emission Control Catalysts Market by End-User
ā8.1 Emission Control Catalysts Market Overview Snapshot and Growth Engine
ā8.2 Emission Control Catalysts Market Overview
ā8.3 Automotive & Transportation
āā8.3.1 Introduction and Market Overview
āā8.3.2 Historic and Forecasted Market Size (2016-2028F)
āā8.3.3 Key Market Trends, Growth Factors and Opportunities
āā8.3.4 Automotive & Transportation: Grographic Segmentation
ā8.4 Chemical Industry
āā8.4.1 Introduction and Market Overview
āā8.4.2 Historic and Forecasted Market Size (2016-2028F)
āā8.4.3 Key Market Trends, Growth Factors and Opportunities
āā8.4.4 Chemical Industry: Grographic Segmentation
ā8.5 Mining Industry
āā8.5.1 Introduction and Market Overview
āā8.5.2 Historic and Forecasted Market Size (2016-2028F)
āā8.5.3 Key Market Trends, Growth Factors and Opportunities
āā8.5.4 Mining Industry: Grographic Segmentation
ā8.6 Power Industry
āā8.6.1 Introduction and Market Overview
āā8.6.2 Historic and Forecasted Market Size (2016-2028F)
āā8.6.3 Key Market Trends, Growth Factors and Opportunities
āā8.6.4 Power Industry: Grographic Segmentation
ā8.7 Others
āā8.7.1 Introduction and Market Overview
āā8.7.2 Historic and Forecasted Market Size (2016-2028F)
āā8.7.3 Key Market Trends, Growth Factors and Opportunities
āā8.7.4 Others: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
ā9.1 Competitive Landscape
āā9.1.1 Competitive Positioning
āā9.1.2 Emission Control Catalysts Sales and Market Share By Players
āā9.1.3 Industry BCG Matrix
āā9.1.4 Ansoff Matrix
āā9.1.5 Emission Control Catalysts Industry Concentration Ratio (CR5 and HHI)
āā9.1.6 Top 5 Emission Control Catalysts Players Market Share
āā9.1.7 Mergers and Acquisitions
āā9.1.8 Business Strategies By Top Players
ā9.2 BASF SE
āā9.2.1 Company Overview
āā9.2.2 Key Executives
āā9.2.3 Company Snapshot
āā9.2.4 Operating Business Segments
āā9.2.5 Product Portfolio
āā9.2.6 Business Performance
āā9.2.7 Key Strategic Moves and Recent Developments
āā9.2.8 SWOT Analysis
ā9.3 CLARIANT INTERNATIONAL LTD.
ā9.4 CORMETECH INC.
ā9.5 CORNING INC.
ā9.6 HALDOR TOPSOE A/S
ā9.7 HERAEUS HOLDING GMBH
ā9.8 JOHNSON MATTHEY
ā9.9 NETT TECHNOLOGIES INC.
ā9.10 NGK INSULATORS LTD.
ā9.11 SOLVAY SA
ā9.12 UMICORE
ā9.13 ZEOLYST INTERNATIONAL
ā9.14 BOSAL
ā9.15 DCL INTERNATIONAL INC.
ā9.16 OTHER MAJOR PLAYERS
Chapter 10: Global Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
ā10.1 Market Overview
ā10.2 Historic and Forecasted Market Size By Type
āā10.2.1 Platinum
āā10.2.2 Rhodium
āā10.2.3 Palladium
āā10.2.4 Others
ā10.3 Historic and Forecasted Market Size By Application
āā10.3.1 Mobile Equipment {Off Road
āā10.3.2 On Road}
āā10.3.3 Stationary Equipment
ā10.4 Historic and Forecasted Market Size By Engine Type
āā10.4.1 Gasoline Engine
āā10.4.2 Diesel Engine
ā10.5 Historic and Forecasted Market Size By End-User
āā10.5.1 Automotive & Transportation
āā10.5.2 Chemical Industry
āā10.5.3 Mining Industry
āā10.5.4 Power Industry
āā10.5.5 Others
Chapter 11: North America Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Platinum
āā11.4.2 Rhodium
āā11.4.3 Palladium
āā11.4.4 Others
ā11.5 Historic and Forecasted Market Size By Application
āā11.5.1 Mobile Equipment {Off Road
āā11.5.2 On Road}
āā11.5.3 Stationary Equipment
ā11.6 Historic and Forecasted Market Size By Engine Type
āā11.6.1 Gasoline Engine
āā11.6.2 Diesel Engine
ā11.7 Historic and Forecasted Market Size By End-User
āā11.7.1 Automotive & Transportation
āā11.7.2 Chemical Industry
āā11.7.3 Mining Industry
āā11.7.4 Power Industry
āā11.7.5 Others
ā11.8 Historic and Forecast Market Size by Country
āā11.8.1 U.S.
āā11.8.2 Canada
āā11.8.3 Mexico
Chapter 12: Europe Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Platinum
āā12.4.2 Rhodium
āā12.4.3 Palladium
āā12.4.4 Others
ā12.5 Historic and Forecasted Market Size By Application
āā12.5.1 Mobile Equipment {Off Road
āā12.5.2 On Road}
āā12.5.3 Stationary Equipment
ā12.6 Historic and Forecasted Market Size By Engine Type
āā12.6.1 Gasoline Engine
āā12.6.2 Diesel Engine
ā12.7 Historic and Forecasted Market Size By End-User
āā12.7.1 Automotive & Transportation
āā12.7.2 Chemical Industry
āā12.7.3 Mining Industry
āā12.7.4 Power Industry
āā12.7.5 Others
ā12.8 Historic and Forecast Market Size by Country
āā12.8.1 Germany
āā12.8.2 U.K.
āā12.8.3 France
āā12.8.4 Italy
āā12.8.5 Russia
āā12.8.6 Spain
āā12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Platinum
āā13.4.2 Rhodium
āā13.4.3 Palladium
āā13.4.4 Others
ā13.5 Historic and Forecasted Market Size By Application
āā13.5.1 Mobile Equipment {Off Road
āā13.5.2 On Road}
āā13.5.3 Stationary Equipment
ā13.6 Historic and Forecasted Market Size By Engine Type
āā13.6.1 Gasoline Engine
āā13.6.2 Diesel Engine
ā13.7 Historic and Forecasted Market Size By End-User
āā13.7.1 Automotive & Transportation
āā13.7.2 Chemical Industry
āā13.7.3 Mining Industry
āā13.7.4 Power Industry
āā13.7.5 Others
ā13.8 Historic and Forecast Market Size by Country
āā13.8.1 China
āā13.8.2 India
āā13.8.3 Japan
āā13.8.4 Singapore
āā13.8.5 Australia
āā13.8.6 New Zealand
āā13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By Type
āā14.4.1 Platinum
āā14.4.2 Rhodium
āā14.4.3 Palladium
āā14.4.4 Others
ā14.5 Historic and Forecasted Market Size By Application
āā14.5.1 Mobile Equipment {Off Road
āā14.5.2 On Road}
āā14.5.3 Stationary Equipment
ā14.6 Historic and Forecasted Market Size By Engine Type
āā14.6.1 Gasoline Engine
āā14.6.2 Diesel Engine
ā14.7 Historic and Forecasted Market Size By End-User
āā14.7.1 Automotive & Transportation
āā14.7.2 Chemical Industry
āā14.7.3 Mining Industry
āā14.7.4 Power Industry
āā14.7.5 Others
ā14.8 Historic and Forecast Market Size by Country
āā14.8.1 Turkey
āā14.8.2 Saudi Arabia
āā14.8.3 Iran
āā14.8.4 UAE
āā14.8.5 Africa
āā14.8.6 Rest of MEA
Chapter 15: South America Emission Control Catalysts Market Analysis, Insights and Forecast, 2016-2028
ā15.1 Key Market Trends, Growth Factors and Opportunities
ā15.2 Impact of Covid-19
ā15.3 Key Players
ā15.4 Key Market Trends, Growth Factors and Opportunities
ā15.4 Historic and Forecasted Market Size By Type
āā15.4.1 Platinum
āā15.4.2 Rhodium
āā15.4.3 Palladium
āā15.4.4 Others
ā15.5 Historic and Forecasted Market Size By Application
āā15.5.1 Mobile Equipment {Off Road
āā15.5.2 On Road}
āā15.5.3 Stationary Equipment
ā15.6 Historic and Forecasted Market Size By Engine Type
āā15.6.1 Gasoline Engine
āā15.6.2 Diesel Engine
ā15.7 Historic and Forecasted Market Size By End-User
āā15.7.1 Automotive & Transportation
āā15.7.2 Chemical Industry
āā15.7.3 Mining Industry
āā15.7.4 Power Industry
āā15.7.5 Others
ā15.8 Historic and Forecast Market Size by Country
āā15.8.1 Brazil
āā15.8.2 Argentina
āā15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Emission Control Catalysts Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.90 Bn. |
Forecast Period 2024-32 CAGR: |
7.7% |
Market Size in 2032: |
USD 2.125 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Engine Type |
|
||
By End-User |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Emission Control Catalysts Market research report is 2024-2032.
BASF SE (US), Clariant International Ltd. (Switzerland), Cormetech Inc. (the US), Corning Inc. (the US), Haldor Topsoe A/S (Denmark), Heraeus Holding GmbH (Germany), Johnson Matthey (UK), Nett Technologies Inc. (Canada), NGK Insulators Ltd. (Japan), Solvay SA (Belgium), Umicore (Belgium), Zeolyst International (US), BOSAL (Belgium), DCL International Inc. (Canada), and Other Major Players.
Emission Control Catalysts Market is segmented into Type, Application, Engine Type, End-User and region. By Type, the market is categorized into Platinum, Rhodium, Palladium, Others. By Application, the market is categorized into Mobile Equipment {Off Road, On Road}, Stationary Equipment. By Engine Type the market is categorized into Gasoline Engine, Diesel Engine. By End-User, the market is categorized into Automotive & Transportation, Chemical Industry, Mining Industry, Power Industry, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Emission control catalysts are used in a catalytic converter to reduce the harmful emission caused by internal combustion engines which are mostly administered in modern automobiles and vehicles. Moreover, catalysts are chemical substances that enhance the rate of reaction occurring in the catalytic converter and remain unchanged at the end of the reaction.
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%