Emission Control Catalyst Market

Emission Control Catalyst Market

Category : Chemical & Industrial Material Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 345

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Emission Control Catalyst Market Overview

The report is titled as ‘Emission Control Catalyst Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Emission Control Catalyst market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The emission control catalyst market is estimated to reach at a value of US$ 27,665.2 Mn by the end of 2022 and expected to reach at a value of US$ 41,475.6 Mn by 2030 with a significant CAGR of 5.2%

Emission Control Catalyst Introduction

Many times, gases and production by-products released by internal combustion engines and industrial exhaust contain compounds that are recognized to be bad for the environment. Catalytic converters employ emission control catalysts to cut down on these damaging emissions to the environment. These catalysts are designed in catalytic converter based on fuel type including diesel and gasoline. Several types of catalyst are used for various applications.

In current generation diesel-powered vehicles and equipment, Selective Catalytic Reduction (SCR), an advanced active emissions control technology system, decreases tailpipe emissions of nitrogen oxides (NOx) to almost zero levels.

Key Takeaways from the study

  • The emission control catalyst market is expected to increase 1.5X times during the forecast period
  • Diesel based emission catalyst segment is expected to be a prominent product type, and expected to create an incremental opportunity of US$ 11,678.5 Mn during the forecast period
  • Mobile equipment segment is anticipated to a prominent application segment as compare to its counterparts
  • Selective catalytic reduction segment is anticipated to create significant market opportunities for the key players in the coming years
  • Asia Pacific region is expected to account for a prominent market share in the global business of emission control catalyst owing to substantial base of the end users

Emission Control Catalyst Market Driver: Stringent environmental regulations regarding emission control boosting the demand

Urbanization and industrialization are two factors that contribute to the environment's greater emissions, which provide a significant global concern. Automobile and industrial emissions are rising quickly as a result of on and off-road emission sources from vehicles including passenger cars, light-duty and heavy-duty trucks, and other large emitters that contribute to air pollution. The introduction of strict emission restrictions in response to growing environmental concerns is driving up demand for sophisticated catalyst converters made with precious metals. Need for lighter, faster, and fuel-efficient vehicles is rising as a result of the strict emission rules, which is anticipated to accelerate the growth of the emission control catalyst market.

According to the study, the PGM market for the mobile sector is the largest. The catalytic converters, which are placed in automobiles, use precious metals like platinum, palladium, and rhodium as catalysts to transform poisonous exhaust emissions into non-toxic compounds. The poisonous gases and certain valuable metals interact, converting the toxic gases into less dangerous pollutants before being discharged into the environment. To minimize the emissions owing to restrict the global warming regional governments are putting restriction on emissions from industries and from vehicles, resulting in adopting these emission control catalysts.

Emission Control Catalyst Market Segmentation

The global emission control catalyst market is segmented on the basis of product type, catalytic converter type, application, end use, pollutant type, and region.

By Product Type

Diesel Based Emission Catalyst

Diesel Oxidation Catalyst (DOC)

Selective Catalytic Reduction Catalyst (SCR)

Catalyzed Soot Filter/ Diesel Particulate Filter

Ammonia Oxidation Catalyst (AMX)

NOx Adsorbers

Gasoline Based Emission Catalyst

Palladium based catalyst

Rhodium based catalyst

Platinum based catalyst

By Application

Mobile Equipment

Vehicles

Heavy-Duty Vehicles

Off-Road Vehicles

Passenger Cars & Light Duty Vehicles

Motorcycles, Scooters and Three Wheelers

Gardening Equipment

Stationary Equipment

Industrial Engines

Generators

Off-Road Equipment

Catalytic Converter Type

Diesel Oxidation Catalyst

Selective Catalytic Reduction

Lean Nox Trap

Three-Way Catalytic Converter

Four-Way Catalytic Converter

By End Use

OEM

Retrofit

By Pollutant Type

Nox

CO

Hydrocarbons or Volatile Organic Compounds - (HC/VOC)

HAPs

DPM (Diesel Particulate Matter)

NH3 (Ammonia)

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Emission Control Catalyst Market Key Players

Some of the key participating players in global emission control catalyst market are:

BASF

Johnson Matthey

W.R. Grace

Sinocat Environmental Technologies

Cormetech

Solvay S.A.

Faurecia

SMPE

Hitachi Zosen Corporation

Holdor Topsoe

Clean Diesel Technologies

NGK Insulators

Magneti Marelli

Tenneco

Umicore SA

Bosal

Corning Incorporated

DCL International Inc.

Aerinox Inc.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

Global Economic Growth Outlook

Growth in the Automotive Production

Increasing Requirement to Control Emissions

Growth in Manufacturing Sector

Top Companies Historical Growth Rate

Impact of Pricing

Technological Development

Growing Chemical Industry

Recovery from Pandemic Crisis

Supply and Demand Scenario


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Frequently Asked Questions

The emission control catalyst market is estimated to reach at a value of US$ 27,665.2 Mn by the end of 2022 and expected to reach at a value of US$ 41,475.6 Mn by 2030 with a significant CAGR of 5.2%

Substantial volume production of vehicles is enhancing the sales of autocatalyst and stringent environmental regulations regarding emission control boosting the demand

The global emission control catalyst market is segmented on the basis of product type, catalytic converter type, application, end use, pollutant type, and region

Key participating players of emission control catalyst are BASF SE, Johnson Matthey, W.R. Grace, Sinocat Environmental Technologies, Cormetech, Solvay S.A., Faurecia, Holdor Topsoe, Clean Diesel Technologies, Tenneco, Umicore SA and many others



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