Overview and Scope
The emission control catalysts are used to control the harmful pollutants generated by combustion engines. Emission control catalysts break down the solid particulates from exhaust systems of industrial machinery and vehicles to reduce the content of pollutants generated into the environment. Emission control catalysts are simple and offer low-maintenance operation, durability, a relatively low cost, and negligible adverse effects on the engines.
Sizing and Forecast
The emission control catalysts market size has grown rapidly in recent years. It will grow from <b>$24.47 billion in 2023 to $27.19 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. </b> The growth in the historic period can be attributed to stringent emission regulations, growth in vehicle ownership, increase in industrial emissions, increased public awareness, automotive industry growth.
The emission control catalysts market size is expected to see rapid growth in the next few years. It will grow to <b>$41.24 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. </b> The growth in the forecast period can be attributed to green hydrogen production, industrial decarbonization, increasing renewable fuels, growing urbanization and air quality, increasing international agreements. Major trends in the forecast period include diesel emission control, zero-emission regulations, selective catalytic reduction (scr) technology, on-board diagnostics (obd) systems, use of integrated systems.
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Segmentation & Regional Insights
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
<b>Asia-Pacific</b> was the largest region in the emission control catalysts market in 2023. <b>Asia-Pacific</b> 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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Major Driver Impacting Market Growth
Stringent regulations for controlling air pollution are significantly contributing to the growth of the market for emission control catalysts. Air pollution is mainly caused by rapid industrialization and urbanization, which are responsible for higher emissions in the environment. The governments are more concerned about the adverse effects of air pollution on public health and the environment, so they have implemented regulations to control air pollution, and this has increased the demand for the use of emission control catalysts in the exhaust systems of industrial machinery and vehicles. For instance, in September 2021, the World Health Organization established global air quality guidelines with the goal of saving lives and improving air quality due to pollution. These guidelines highlighted good practises to manage certain types of particulate matter, such as elemental carbon, particles originating from sand, ultrafine particles, and dust storms, to set air quality guideline levels. Therefore, the stringent regulations for controlling air pollution are expected to propel the growth of the emission control catalysts market going forward.
Key Industry Players
Major companies operating in the emission control catalysts market include <b> 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., Sinocat Environmental Technology Co.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 </b>
The emission control catalysts market report table of contents includes:
1. Executive Summary
2. Emission Control Catalysts Market Characteristics
3. Emission Control Catalysts Market Trends And Strategies
4. Emission Control Catalysts Market – Macro Economic Scenario
5. Global Emission Control Catalysts Market Size and Growth
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31. Global Emission Control Catalysts Market Competitive Benchmarking
32. Global Emission Control Catalysts Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Emission Control Catalysts Market
34. Emission Control Catalysts Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
BASF SE
Johnson Matthey PLC
Clariant AG
Honeywell International Inc.
Tenneco Inc
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