Emission Control Catalysts Market worth $59.8 billion by 2026 | Key players BASF catalyst, Johnson Matthey, Umicore, Cataler, Heraeus.

According to recent market research the "Emission Control Catalysts Market by Type (Palladium, Platinum, Rhodium), Application (Mobile sources (off road, and on road), and Stationary Sources), and Region (North America, Europe, APAC, South America & RoW) - Global Forecast to 2026", size is estimated at USD 42.9 billion in 2021 and is projected to reach USD 59.8 billion by 2026, at a CAGR of 6.9% during the forecast period. The major factors driving the ECC market include growth of the global automobile industry and increasing harmful emissions from various industries.

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Automotive exhaust systems and industrial machinery release CO, NOx, HC, CO2, and particulate matter into the environment, which are major contributors to greenhouse gases (GHGs). ECCs limits the emissions from automotive, industrial units, marine and other mobile and stationary sources of emission. PGM metals such as platinum, palladium, and rhodium oxidize pollutants and convert them into less harmful emissions such as nitrogen and hydrogen.
Based on metal type, the ECC market has been segmented into four types, namely, palladium, platinum, rhodium, and others. Palladium metal could maintain acceptable performance at sustained temperature for the lifetime. in addition, the metal has high toleration of high temperatures better than other metals.

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APAC is the largest market for ECCs. Industrialization, growing population, and urbanization of APAC are boosting the ECC market. The major end users of ECC in the region are light-duty vehicle (LDV), power plants, chemical plants, and motorcycles.

The ECC market comprises major players such as BASF catalyst (Germany), Johnson Matthey (UK), Umicore (Belgium), Tenneco (US), Cataler (Japan), Heraeus (Germany), Bosal (Netherlands), Clean Diesel Technologies (US), Cormetech (US), DCL International Inc. (Canada), Hitachi Zosen Corporation (Japan), IBDIEN (Austria), Interkat (Germany), Kunming Sino-Platinum Metals Catalyst (China), Nett Technologies (Japan), NGK Insulators (Japan), Shell Global (Netherlands), Sinocat (China), and Zelolyst International (US).

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The Johnson Matthey is the largest producers of ECC in the world. The company has manufacturing facilities in North America, Latin America, Europe, Africa, and Asia-Pacific. In recent years, Johnson Matthey has adopted several business strategies to strengthen its position in the market. It has adopted various growth strategies, including investment & expansion, and new product launch, to maintain its leading position in the ECC market. For example, in March 2019 launched an innovative automatically regenerating ActivDPFTM diesel particulate filter (DPF) system for stationary diesel engines. This will help in delivering clean energy whenever needed. In August 2018, the company planned to construct a new 50,000 square-meter manufacturing facility for automotive catalyst in Zhangjiagang, China.

BASF Catalyst is one of the major players operating in the ECC market. The group has 30 manufacturing facilities worldwide and produces mobile as well as stationary emission catalysts for worldwide customers. The company has adopted new product launch and expansion strategies in order to broaden its product portfolio and maintain its position in the market. In December 2018, the company announced the construction of its new mobile emission catalyst production site in Shanghai, China. This expansion added 30,000 square-meters facility which will include multiple manufacturing lines, providing a full range of emissions control technologies for heavy-duty and light-duty vehicle manufacturers.

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