Press release
2025-2034 Emission Control Catalysts Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Emission Control Catalysts Market Growth
What Is the Expected CAGR for the Emission Control Catalysts Market Through 2025?
The market size of emission control catalysts has seen substantial expansion in the past few years. The projection shows an increase from $27.01 billion in 2024 to $29.93 billion in 2025, with a compound annual growth rate (CAGR) standing at 10.8%. The surge during the historic phase can be associated with strict emission standards, rising car ownership, a boost in industrial emissions, heightened public consciousness, and growth in the automotive industry.
What's the Projected Size of the Global Emission Control Catalysts Market by 2029?
The market for emission control catalysts is predicted to experience swift expansion in the coming years, expecting to reach $46.49 billion in 2029 at a compound annual growth rate (CAGR) of 11.6%. The growth projected in the forecast period can be attributed to factors such as the creation of green hydrogen, industrial decarbonization, an upsurge in renewable fuels, on-going urbanization and air quality improvement, and an increase in international agreements. The forecast period is likely to witness major trends such as control of diesel emissions, regulations for zero emissions, the use of selective catalytic reduction (SCR) technology, the deployment of onboard diagnostic (OBD) systems, and the use of integrated systems.
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Top Growth Drivers in the Emission Control Catalysts Industry: What's Accelerating the Market?
Tight regulations aimed at mitigating air contamination significantly fuel the expansion of the emission control catalysts industry. Air pollution, largely a product of rapid industrialization and urbanization, leads to elevated levels of harmful emissions in the environment. Governing authorities are increasingly concerned with the harmful effects of air pollution on both public health and the ecosystem, thereby enforcing regulations to curb pollution. This, in turn, has escalated the demand for emission control catalysts in the exhaust systems of industrial machinery and vehicles. For example, in September 2023, the United States-based United Nations Environment Programme (UNEP) reported that air pollution stands as the most significant environmental hazard to public health worldwide, causing more than 8 million premature deaths annually. Thus, these stringent measures aimed at controlling air pollution are foreseen to stimulate the growth trajectory of the emission control catalysts market in the future.
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What Trends Will Shape the Emission Control Catalysts Market Through 2029 and Beyond?
Leading corporations in the Emission Control Catalysts market are concentrating on creating inventive measures, such as automotive emissions control strategies, to decrease detrimental pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC). These solutions are dedicated to mitigating or eradicating vehicle-emitted harmful pollutants. Boff Catalyst India Mountain. Ltd., an Indian chemical manufacturing firm for instance, in August 2024, revealed the opening of a novel Research, Development, and Application (RD&A) lab aimed at improving automotive emissions control measures. This state-of-the-art facility is committed to developing innovative catalyst technologies that comply with stringent emission standards like Euro 7 and Bharat Stage VI (BS6). The laboratory, equipped with advanced testing facilities, will carry out comprehensive validation processes for various catalysts used in gasoline and diesel engines.
What Are the Main 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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Which Top Companies are Driving Growth in the Emission Control Catalysts Market?
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
Which Regions Will Dominate the Emission Control Catalysts Market Through 2029?
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.
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