openPR Logo
Press release

Emission Control Catalyst Market is projected to witness a CAGR of 8.7% from 2018 to 2028

06-21-2018 11:37 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Emission Control Catalyst Market is projected to witness a CAGR

In the last few years, governments of several countries across the globe have made changes to their emission norms in order to control the emission from vehicles and industries, thereby defining the need for energy-efficient emission control technology. This has resulted in an exponential demand for emission control catalyst as a viable solution to cut down on toxic emissions generated in the automobile and other manufacturing industries.

Emission control catalyst helps in reducing the toxic effects and amount of emissions of nitrogen oxide and hydrocarbons. Emission regulations across the globe have become stricter and with industries required to adhere to the prescribed emission norms, manufacturers have increased their emission control catalyst activities as well. Growing urbanisation and the rising penetration of automobiles across the globe, especially in developing regions are the leading factors triggering high demand for emission control catalyst.

In order to meet the compliance defined by global emission control norms, manufacturers across the globe are focussing on introducing novel application specific products that can be used to address specific requirements of consumers. Furthermore, key players in the market are channelizing their efforts towards strengthening the various channels of distribution while also focussing on direct sales. Implementation of novel technology and introduction of newer, high-quality technology with innovative features at optimal prices continues to remain the key business focus of manufacturers operating in the global emission control catalyst market. Some of the new technologies that have been implemented include NOx absorbers, catalysed filter, and diesel particular filter.

An analysis of the various trends governing the market reveals that the global emission control catalyst market is projected to witness a CAGR of 8.7% from 2018 to 2028. According to research firm Future Market Insights, the market was worth US$ 8,172.3 Mn and is expected to rise to a valuation of US$ 20,066.1 Mn by the end of 2028.

Request Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-137


Growing Infiltration of Diesel Engine Vehicles to Boost Adoption of Emission Control Catalyst The growing penetration of diesel engine vehicles has resulted in a surge in demand for automotive catalysts. At present, the demand for diesel automotive is extremely high in developed regions such as North America and Europe. It has been revealed in a study that Europe gained around 40% diesel engine cars in the last five years. The rising penetration is mostly with heavy duty and light duty vehicles resulting in high emission levels. In order to curb this, the integration of emission control catalyst is increasing.

Swelling Prices of Raw Materials to Challenge Market Revenue Growth In the last few years, there has been a noteworthy increase in the prices of raw materials that are used in the production of emission control catalysts, due to which manufacturers have been compelled to pass the additional costs to end consumers in a bid to sustain in this highly competitive market. In the recent past, the price of rhodium and platinum metals used in emission control catalyst has also surged, thus challenging revenue growth of businesses operating in this market. This is pushing manufacturers to look for ways to cut down prices through sustainable manufacturing.

Request For Table Of Content @ https://www.futuremarketinsights.com/askus/rep-gb-137

Pricing will continue to remain a big challenge and manufacturers will need to address this issue and devise meaningful solutions if they are to succeed in this market. Future Market Insights analysts are available for discussions and to provide recommendations on effectively addressing the price-quality-profit tug-of-war.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +13479183531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Emission Control Catalyst Market is projected to witness a CAGR of 8.7% from 2018 to 2028 here

News-ID: 1091885 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Emission

Zero Emission protect our environment
Together We Can Make Our Future Worth Living, Today! Be the Planet’s Hero An average household emits 15 tonnes of CO2 emissions per year. Our growing use of cars, ACs, refrigerators, TVs, and other appliances is increasing our carbon footprint, which is rapidly turning our beautiful planet into a scorched wasteland. The time is running out, and fast! We all know what we must do. But, are we doing enough for our planet? Zero Emission
Zero Emission is set to launch a project to reduce CO2 emission
Members receive certificates to obtain resources for the development of environmentally friendly technologies. Dusseldorf, Germany: CO2 emissions in the atmosphere are a major cause of climate change. Collective efforts are needed to secure the planet's future. Zero Emission, an association of like-minded members, is proud to launch their project on January 1, 2019. The aim of the organization is to promote the use of climate-friendly technology that generates less CO2, thus reducing
Zero Emission Buildings Market
https://www.qandqmarketresearch.com/reports/7170320/zero-emission-buildings-market-33 This report presents the worldwide Zero Emission Buildings market size value, production and consumption, splits the breakdown data status 20132018 and forecast to 2025, by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. The Zero Emission Buildings market was valued at Million US$ in 2017
Optical Emission Spectroscopy Market Report 2018: Segmentation by Product (Flame …
Global Optical Emission Spectroscopy market research report provides company profile for Thermo Fisher Scientific, Inc., GBC Scientific Equipment Pvt Ltd, Bruker Corporation, Agilent Technologies, Inc, Hitachi High-Technologies Corporation and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018
Industrial Emission Control Systems Market, By Equipment Type & Emission Source, …
Industrial Emission Control Systems are devices that monitor and diminish the release of harmful products produced during combustion and other emission processes, which leads to environmental pollution. Industrial segments such as power generation, cement, mining & metals, chemical industries, and others utilize these systems to convert hazardous air contaminants, such as unburned hydrocarbons, carbon monoxide, nitrogen oxides, and sulfur oxides, into water vapor and carbon dioxide, which can be safely
Industrial Emission Control Systems Market is Driven by Industrial Emission
Transparency Market Research has released a new market report titled “Industrial Emission Control Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023”. According to this report, the global industrial emission control systems market was valued at US$11.7 bn in 2014 and is projected to reach US$ 22.09 bn by 2023 at a CAGR of 7.3% from 2015 to 2023. Download the Exclusive Report Sample Here