Trends in the Environmental Catalysts Market 2016-2026
Global Environmental Catalysts Market: Dynamics
Consumption of environmental catalysts has witnessed a steady growth in the recent past. The growth of environmental catalysts market can be attributed to increasing efforts towards developing more efficient, cleaner and safer industrial processes in order to adhere to ever stringent regulations and norms instituted by authorities and regulatory bodies, especially in regions such as North America and Europe. The demand for environmental catalysts, in order to tackle both, stationary source emissions and mobile source emissions is expected to witness a steady growth over forecast period. Moreover, growing emphasis on reducing the level of pollutants emanating from automobiles is expected to in turn result in increasing use of environmental catalysts thus driving the growth of environmental catalysts market during forecast period. Also, increasing demand for environmental catalysts for municipal and industrial waste remediation is expected to gain momentum especially in developing regions of the globe during the forecast period.
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Global Environmental Catalysts Market: Segmentation
The global environmental catalysts market is segmented on the basis of the application of catalysts, and end-use segments. On the basis of the application that these catalysts are used for, global environmental catalysts market is classified into
VOC oxidation catalysts
CO oxidation catalysts
Selective catalytic reduction catalysts
On the basis of end-use segments, the global environmental catalysts market is segmented into
Mobile source emission control - heavy duty vehicles, light duty vehicles, motorcycles, construction equipment among others
Stationary source emission control that comprises industrial applications including those in power generation, refineries, municipal waste remediation etc.
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Global Environmental Catalysts Market: Regional Outlook
Depending on the geographies of the globe, global environmental catalysts market is segmented in to seven key geographical segments namely North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Latin America, and Middle East & Africa.
North America and Europe, relatively mature markets, dominated global environmental catalysts market over the recent past. Whereas, consumption of these environmental catalysts is expected to witness faster growth in Asia Pacific region spearheaded by China.
Global Environmental Catalyst Market: Key Players
Some of the players that operate in global environmental catalysts market are BASF SE, Johnson Matthey, CRI Catalyst Company, Axens Group, Environmental Catalyst Technology, Treibacher Industrie AG, Applied Catalysts, and EmeraChem etc.
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