Press release
Global Emission Control Catalysts Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Emission Control Catalysts Market Size
What Is the Emission Control Catalysts Market Size and Projected Growth Rate?
In recent times, the market size of emission control catalysts has experienced a swift expansion. It is projected to escalate from $27.01 billion in 2024 to approximately $29.93 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. Factors such as strict emission laws, rise in the number of vehicles, enhancement in industrial emissions, heightened public consciousness, and progress in the automotive industry are the key drivers behind this growth during the historic period.
The market size of emission control catalysts is projected to witness swift expansion in the coming years, escalating to $46.49 billion in 2029 with a compound annual growth rate (CAGR) of 11.6%. The augmentation during the projection period is linked to factors such as green hydrogen production, decarbonization of industries, a surge in renewable fuels, the rise of urbanization, and air quality improvements, as well as an increase in international agreements. Key trends for this period include the control of diesel emissions, regulations for zero emissions, the adoption of selective catalytic reduction (SCR) technology, the use of on-board diagnostic (OBD) systems, and the implementation of integrated systems.
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What Are the Major Segments in the Emission Control Catalysts Market?
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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What Are The Driving Emission Control Catalysts Market Evolution?
The proliferation of strict regulations aimed at curbing air pollution is significantly fuelling the emission control catalysts market growth. The principal culprits of air pollution are rapid industrialization and urbanization, leading to heightened emissions in the environment. With heightened concern for the detrimental impact of air pollution on public health and environmental well-being, governments have established regulations. Consequently, the demand for emission control catalysts in industrial machinery and vehicle exhaust systems has ramped up. As an example, in September 2023, as stated by the United Nations Environment Programme (UNEP), a US government organization, air pollution is globally deemed the most considerable environmental health risk, causing over 8 million premature fatalities annually. Thus, strict regulations aimed at minimizing air pollution are anticipated to spur the emission control catalysts market's development in the future.
Which Firms Dominate The Emission Control Catalysts Market Segments?
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
What Trends Are Expected to Dominate the Emission Control Catalysts Market in the Next 5 Years?
Leading businesses involved in the Emission Control Catalysts market are striving to create inventive solutions, including those aimed at controlling automotive emissions and reducing harmful pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC). Technologies and systems that aim to curtail or eradicate detrimental pollutants emitted by vehicles are referred to as automotive emissions control solutions. In a development, Boff Catalyst India Mountain. Ltd., a chemical manufacturing company based in India, revealed in August 2024 that it had opened a new Research, Development, and Application (RD&A) lab targeting the improvement of automotive emissions control solutions. The state-of-the-art facility aims to develop new catalyst technologies that comply with rigorous emission standards like Euro 7 and Bharat Stage VI (BS6). The lab boasts advanced testing functions, allowing it to perform comprehensive validation processes for various catalysts used in both gasoline and diesel engines.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Emission Control Catalysts Market?
2. What is the CAGR expected in the Emission Control Catalysts Market?
3. What Are the Key Innovations Transforming the Emission Control Catalysts Industry?
4. Which Region Is Leading the Emission Control Catalysts Market?
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