Press release
Emission Control Catalysts Market Share Poised for 11.6 % Growth, Set to Hit $9.85 Billion by 2029
Emission Control Catalysts Market Share
Rigorous rules aimed at mitigating air pollution are significantly fueling the emission control catalysts market's expansion. Air pollution, primarily driven by swift industrialization and urbanization, results in surging emissions into the atmosphere. Given the detrimental effects of air pollution on public health and environment, governments have instigated regulations to check air pollution, thereby booming the demand for emission control catalysts in exhaust systems of industrial machinery and vehicles. For instance, the United Nations Environment Programme (UNEP), a US government body, stated in September 2023, that air pollution is the leading environmental risk factor for public health worldwide and is responsible for over 8 million premature deaths annually. Hence, the rigid regulations targeting air pollution control are anticipated to stimulate the growth of the emission control catalysts market in the future.
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How will the growth rate of the emission control catalysts market shape industry trends by 2034?
The market for emission control catalysts has experienced rapid expansion in recent years. The market is predicted to increase from $27.01 billion in 2024 to $29.93 billion in 2025, evidencing a compound annual growth rate (CAGR) of 10.8%. The previous growth can be credited to factors like stringent emission norms, a rise in vehicle ownership, a surge in industrial emissions, increased public consciousness, and growth in the automobile industry.
The market size of emission control catalysts is predicted to witness a swift surge in the coming years, expanding to a value of $46.49 billion by 2029, with a compound annual growth rate (CAGR) of 11.6%. Factors such as the production of green hydrogen, decarbonization of industries, increased use of renewable fuels, the rise in urbanization and attention to air quality, as well as numerous international agreements are set to drive the growth during the projected period. Key trends expected to shape the market in the upcoming period encompass diesel emission control, rules around zero-emission, the application of selective catalytic reduction (SCR) technology, the implementation of on-board diagnostics (OBD) systems, and the preference for integrated systems.
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What trends are poised to drive the future success of the emission control catalysts market?
Key players in the Emission Control Catalysts market are concentrating on bringing forth innovative solutions like automotive emissions control solutions. These solutions are geared towards curbing detrimental pollutants like nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC) that vehicles emit. For instance, in August 2024, Boff Catalyst India Mountain. Ltd, a chemical manufacturing firm from India, launched a new Research, Development, and Application (RD&A) lab. The lab's main focus is to improve automotive emissions control solutions. The state-of-the-art facility is committed to developing unique catalyst technologies in line with stringent emission standards such as Euro 7 and Bharat Stage VI (BS6). Equipped with advanced testing capabilities, the lab can carry out comprehensive validation processes for various catalysts applied in gasoline and diesel engines.
Which primary segments of the emission control catalysts market are driving growth and industry transformations?
The emission control catalysts market covered in this report is segmented -
1) By Product: Palladium-based ECC, Platinum-based ECC, Rhodium-based ECC, Other Products
2) By Fuel Type: Diesel Vehicles, Gasoline Vehicles
3) By Application: Mobile Emission Control Catalysts, Stationary Emission Control Catalysts
4) By End User: Automotive and Transportation, Chemical Industry, Oil and Gas Industry, Mining Industry, Power Industry, Other End Users
Subsegments:
1) By Palladium-based ECC: Palladium Catalyst for Gasoline Engines, Palladium Catalyst for Diesel Engines
2) By Platinum-based ECC: Platinum Catalyst for Gasoline Engines, Platinum Catalyst for Diesel Engines
3) By Rhodium-based ECC: Rhodium Catalyst for Gasoline Engines, Rhodium Catalyst for Diesel Engines
4) By Other Products: Mixed Metal Catalysts, Base Metal Catalysts, Catalyst Supports and Carriers
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Which geographical regions are pioneering growth in the emission control catalysts market?
Asia-Pacific was the largest region in the emission control catalysts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the emission control catalysts market during the forecast period. The regions covered in the emission control catalysts market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the emission control catalysts market landscape?
Major companies operating in the emission control catalysts market include BASF SE, Johnson Matthey plc, Clariant AG, Honeywell International Inc., Tenneco Inc., Cataler Corporation, Heraeus Holding GmbH, Bosal Industries Ltd., Innovative Emissions Control Inc., DCL International Inc., Albemarle Corporation, Interkat Catalyst GmbH, Royal Dutch Shell plc, Sinocat Environmental Technology Co. Ltd., Zeolyst International Inc., Umicore SA, Solvay S.A., Corning Incorporated, Hitachi Zosen Corporation, Kunming Sino-Platinum Metals Catalyst Co. Ltd., Nett Technologies Inc., NGK Insulators Ltd., Clean Diesel Technologies Advanced Materials Inc., Eberspaecher Group, Emitec Technologies India Private Limited, Faurecia India Pvt. Ltd., Hug Engineering AG, Katcon Global S.A. de C.V., Fabbrica Italiana Magneti Marelli, Walker Manufacturing Company, Yara International ASA
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What Is Covered In The Emission Control Catalysts Global Market Report?
•Market Size Forecast: Examine the emission control catalysts market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the emission control catalysts market for a structured understanding.
•Key Players Overview: Analyze major players in the emission control catalysts market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the emission control catalysts market.
•Segment Contributions: Evaluate how different segments drive overall growth in the emission control catalysts market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the emission control catalysts market.
•Industry Challenges: Identify potential risks and obstacles affecting the emission control catalysts market.
•Competitive Landscape: Review strategic developments in the emission control catalysts market, including expansions, agreements, and new product launches.
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