Emission Control Catalyst Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Palladium, Platinum, Ammonia Oxidant Catalyst, Diesel Oxidant Catalyst, Rhodium, and Others), By Application (Mobile Emission Control Catalysts, and Stationary Emission Control Catalysts), By End User Industry (Automotive & Transportation, Chemical Industry, Oil
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEmission Control Catalyst Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Palladium, Platinum, Ammonia Oxidant Catalyst, Diesel Oxidant Catalyst, Rhodium, and Others), By Application (Mobile Emission Control Catalysts, and Stationary Emission Control Catalysts), By End User Industry (Automotive & Transportation, Chemical Industry, Oil
Worldwide, nine out of ten people inhale unhealthy air. Air pollution is one of the major environmental risks for early death, accounting for more than 6 million premature deaths annually from heart attacks, strokes, diabetes, and respiratory diseases.
The global emission control catalyst market refers to the market for materials that are used to reduce harmful emissions from industrial processes, transportation, and other sources. These materials, known as emission control catalysts, are typically used in exhaust systems and other equipment to convert harmful pollutants into less harmful substances before they are released into the atmosphere. The automotive industry is a major consumer of emission control catalysts, as regulations governing vehicle emissions become increasingly stringent. Other industries that use emission control catalysts include power generation, oil and gas, and chemical manufacturing.
Growing Awareness of the Harmful Effects of Air Pollution is a Factor Driving the Market Demand
. On an average, one out of 10 people around the world died due to the disease born by air pollution
In addition to regulatory drivers, the growing awareness of the harmful effects of air pollution has also created a strong consumer demand for cleaner products and technologies. This has led to the increasing adoption of electric and hybrid vehicles, which require emission control catalysts to reduce the emissions produced by internal combustion engines. This trend is expected to continue to drive demand for emission control catalysts in the automotive sector in the coming years. Therefore, the growing awareness of the harmful effects of air pollution is likely to continue to drive demand for emission control catalysts in a wide range of industries. This presents opportunities for companies in the emission control catalyst market to develop new and innovative products that can help industries reduce their environmental impact and comply with increasingly stringent regulations. Hence, all these factors will increase the global emission control catalysts market in the forecasted period.
Efforts for Reducing Emissions to Meet Environmental Regulations are a Propelling Factor
Reducing emissions to meet environmental regulations is a major driver of the global emission control catalyst market. Environmental regulations have become increasingly stringent in recent years, requiring industries to reduce their emissions of harmful pollutants such as nitrogen oxides, sulfur oxides, and particulate matter. This has created a strong demand for emission control catalysts across a wide range of industries.
The power generation industry is another significant consumer of emission control catalysts, as regulations governing emissions from power plants become increasingly strict. The use of emission control catalysts can help power plants reduce their emissions of nitrogen oxides, sulfur oxides, and particulate matter, which can help them comply with these regulations. In addition to regulatory drivers, the desire to reduce emissions and mitigate the impact of climate change is also driving the demand for emission control catalysts. The increasing adoption of cleaner technologies such as electric vehicles and renewable energy sources has created a growing demand for emission control catalysts in the production and operation of these technologies. Hence, all these regulators and government efforts are expected to propel the global market.
Technological Advancement Is a Key to Attract Customers and Increasing the Market Growth
Technological advancements have had a significant impact on the global emission control catalyst market. These advancements have made it possible to develop new and more efficient emission control catalysts that can reduce emissions more effectively than ever before. The impact of technological advancement can be seen in several areas
Improved Catalyst Performance
Lower costs
Nano catalysts
Three-way catalysts
Diesel oxidation catalysts
Recent Development
- In 2020, BASF announced plans to build a new production plant for mobile emission catalysts in Shanghai, China. The new plant will be the company's second production site for mobile emission catalysts in China and is expected to be operational by 2023.
- In 2019, Johnson Matthey announced plans to build a new manufacturing plant for automotive catalysts in Poland. The new plant is located in Gliwice and produce catalysts for gasoline and diesel engines.
Market Segmentation
Global emission control catalyst Market
Company Profiles
BASF SE, Johnson Matthey Plc, Solvay SA, Umicore SA, Corning Incorporated, Clariant AG, AeriNOx Inc, CORMETECH, INC., Cataler Corporation, and DCL International Inc are some of the key players of global emission control catalyst Market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Product Type Application End User Industry |
| Regional scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Country scope | United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE |
| Key companies profiled | BASF SE, Johnson Matthey Plc, Solvay SA, Umicore SA, Corning Incorporated, Clariant AG, AeriNOx Inc, CORMETECH, INC., Cataler Corporation, and DCL International Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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