Emission Control Catalysts Market Size, Share And Trends Analysis Report By Type, By Application, By Region, And Forecasts, 2023 - 2029

Market Overview:

The global Emission Control Catalysts Market was valued at USD 9.45 Billion in 2021 and is expected to reach USD 15.58 Billion by the year 2028, at a CAGR of 7.4%.

Emission control catalysts constitute an important part of modern internal combustion engine vehicles to reduce the damaging effects of exhaust pollutants such as carbon monoxide, hydrocarbons, nitrogen oxides, and particulate matter. In order to release the least amount of dangerous material into the environment, toxic gases and pollutants released from the exhaust systems of various industrial machinery are broken down using emission control catalysts. Catalysts' attributes, such as low maintenance requirements and negligible adverse effects on fuel and engines, have also increased consumer demand for them.

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Market Dynamics:

Driver:

The use of pollution control catalysts may rise due to rising domestic car demand and rising auto manufacturing in developing nations. The need for emission control catalysts rises as a result of the increase in vehicle production, which is excepted to drive market growth. Moreover, increasing awareness regarding reducing carbon footprints in the automotive sector, rising aftermarket for catalytic converters, and rising production of automobiles in emerging economies is expected to boost the market growth.

Opportunities:

Stricter government regulations would result in a greater need for tools used to decrease car emissions in the environment, such as automotive telematics, emission control catalysts, and other tools. Authorities involved in research and development are testing, designing, and learning new techniques to improve catalytic systems in order to comply with new emission standards, which are becoming stricter with each passing day due to escalating global warming and are expected to create more opportunities for the growth of the market. Due to the expanding population and rising levels of disposable money, the market for emission control catalysts will see rising sales and profit potential.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type:

•Platinum
•Rhodium
•Palladium
•Others

By Application:

•Mobile Equipment {Off Road, On Road}
•Stationary Equipment

By Engine Type:

•Gasoline Engine
•Diesel Engine

By End-User:

•Automotive & Transportation
•Chemical Industry
•Mining Industry
•Power Industry
•Others

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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.

By Region:

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Emission Control Catalysts Market

•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)

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.

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Key Question Answered:

•What is the current size and future outlook of the emission control catalysts market?
•What are the key drivers and challenges facing the emission control catalysts market?
•Which catalyst types are most commonly used for emission control, and what are their advantages and limitations?
•What are the main end-use applications of emission control catalysts, and which industries are driving demand growth?
•What are the geographic trends and competitive landscape of the global emission control catalysts market?

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