Global Emission Control Catalyst Market, By Metal (Platinum, Palladium, Rhodium, Other Metals), Catalytic Converter Type (Diesel Oxidation Catalyst, Selective Catalytic Reduction, Lean Nox Trap, Three-Way Catalytic Converter, Four-Way Catalytic Converter), Application (Mobile Emission, Stationary Emission), End-user Industry (Automotive, Industrial, Other End-user Industries) - Industry Trends and Forecast to 2029.
Emission Control Catalyst Market Analysis and Size
Emission control catalysts had introduced in the 1970s, now these catalyst are used on all types of internal combustion engines and also in a number of stationary applications. Catalytic reactors for mobile applications are catalytic converters that use catalyst-coated monolithic substrates. Catalytic reactors are used to characterize the catalyst performance include space velocity, conversion efficiency and light-off temperature. The “palladium” is the highest growing metal catalyst segment due to its emission controlling properties, mainly in the case of hydrocarbons over the forecast period. Furthermore, the increase in the concern over the pollutant and toxic gas emission from the industries and automotive sector such as HC, CO, SOx (produced if fuel contains sulfur), NOx (produced of air and oxygen at high temperature and pressure), soot, volatile organic compounds (VOCs), and increasing environmental troubles are expected to drive the growth of the Emission control catalysts market during the forecast period of 2022-2029.
Data Bridge Market Research analyses that the emission control catalyst market is expected to undergo a CAGR of 5.00% during the forecast period. This indicates that the market value, which was USD 2205.00 million in 2021, would rocket up to USD 3257.79 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Emission Control Catalyst Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Metal (Platinum, Palladium, Rhodium, Other Metals), Catalytic Converter Type (Diesel Oxidation Catalyst, Selective Catalytic Reduction, Lean Nox Trap, Three-Way Catalytic Converter, Four-Way Catalytic Converter) Application (Mobile Emission, Stationary Emission), End-user Industry (Automotive, Industrial, Other End-user Industries)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
BASF SE (Germany), Johnson Matthey (U.K.), Umicore (Belgium), Tenneco Inc, (U.S.), CATALER CORPORATION (Japan), Heraeus Holdings (Germany), BOSAL (Belgium), DTi Advanced Materials Inc. (U.S.), Cormetech (U.S.), DCL International Inc. (Canada), Hitachi Zosen Corporation (Japan), INTERKAT Catalyst GmbH (Germany), Kunming Sino-Platinum Metals Catalyst (China), Nett Technologies Inc, (Japan), NGK Insulators (Japan), Shell (U.K.), Sinocat (China), Zelolyst (U.S.), Solvay (Belgium)
Emission control catalyst are used to breakdown the pollutants and toxic gases and minimize the discharge of harmful material in the environment which has discharged from the fumes of the exhaust system of several industrial machinery. Emission control catalysts proficiently reduce the toxic emissions from vehicles and harmful effects caused by hydrocarbons and nitrogen oxide.
Emission Control Catalyst Market Dynamics
- Rising demand of emission control catalysts in automotive sector
Growing manufacturing of automobiles in developing countries on account of increasing domestic consumption of vehicles may increase the use of these emission control catalysts. According to International Trade Administration, the government of china is expecting that the output of automobile will reach 30 million units by 2020 and 35 million by 2025. The upsurge in automotive production increases the demand for emission control catalysts, which is expected to upsurge the growth of the emission control catalysts market.
- Growing demand of palladium based emission control catalyst
Palladium is being extensively used as oxidation catalyst in the gasoline autocatalysts (petrol-based engines) of diesel engines due to its ability to maintain the suitable performance at sustained temperatures for a lifetime. The emission control catalysts comprising equivalent ratios of palladium and platinum are being launched to improve catalytic converters quality and curb the growing emissions. The growing demand for palladium-based emission control catalysts coupled with its relatively low price is expected to increase the demand for the palladium-based emission control catalysts and drive the growth rate of the targeted market during the forecast period.
Furthermore, rising awareness regarding the reducing carbon footprints in the automotive sector, rising demand for SCR in heavy diesel engines, increasing aftermarket for catalytic converters and rising production of automobiles in emerging economies are expected to drive the emission control catalyst market.
- Strict government norms
The introduction of strict government rules would increase the demand of equipment such as automotive telematics, emission control catalysts, and other tools which is used to reduce the vehicle emissions in the environment. Research and development authorities are testing, designing, and learning new methods to improve the catalytic systems to meet up with new emission standards which is getting stringent with each passing day due to escalating global warming are expected to create immense opportunities for the growth of the market in upcoming years.
The increasing sales of emission control catalyst due to the growing population and increasing disposable income, will further create lucrative opportunities for emission control catalyst market.
- High cost associated with raw materials
The rise in the cost of raw materials used in the manufacture of emission control catalyst has made it difficult for the manufacturers to maintain the sustainable growth in the market. Also, an increase in the prices of rhodium and platinum metals used in emission control catalysts is also expected to pose a major challenge for the manufacturers and restrain the growth rate of the emission control catalyst market.
This emission control catalyst market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the emission control catalyst market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Emission Control Catalyst Market
The emission control catalyst manufacturers mainly depend on the production of automobiles, which has been closed down during the covid-19 pandemic. Lockdowns imposed in a number of nations which had a negative influence on several industries. This pandemic has also affected the growth of the emission control catalyst. Problems have arisen as a result of transportation-related delays and limited production caused by travel restrictions. Major problems such as workforce unavailability and factory closure have affected the nations. This pandemic has led to the main liquidity problem for the emission control catalyst manufacturers.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
- In 2021, BASF expanded its mobile emission catalyst manufacturing capacity in Chennai, India. This strategic expansion is intended towards growing the capacity for heavy-duty on and off-road segment automotive
Global Emission Control Catalyst Market Scope
The emission control catalyst market is segmented on the basis of metal, catalytic converter, application and end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Other Metals
Catalytic Converter Type
- Diesel Oxidation Catalyst
- Selective Catalytic Reduction
- Lean Nox Trap
- Three-Way Catalytic Converter
- Four-Way Catalytic Converter
- Mobile Emission
- Stationary Emission
- Other End-user Industries
Emission Control Catalyst Market Regional Analysis/Insights
The emission control catalyst market is analysed and market size insights and trends are provided by country, metal, catalytic converter type, application and end-user industry as referenced above.
The countries covered in the emission control catalyst market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the emission control catalyst market due to the presence of strong automotive manufacturing facilities in China, Japan, South Korea and India due to easy admittance to consumables
Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to growing application scope of emission control catalyst in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Emission Control Catalyst Market Share Analysis
The emission control catalyst market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to emission control catalyst market.
Some of the major players operating in the emission control catalyst market are:
- BASF SE (Germany)
- Johnson Matthey (U.K.)
- Umicore (Belgium)
- Tenneco Inc, (U.S.).
- CATALER CORPORATION (Japan)
- Heraeus Holdings (Germany)
- BOSAL (Belgium)
- DTi Advanced Materials Inc. (U.S.)
- Cormetech (U.S.)
- DCL International Inc. (Canada)
- Hitachi Zosen Corporation (Japan)
- INTERKAT Catalyst GmbH (Germany)
- Kunming Sino-Platinum Metals Catalyst (China)
- Nett Technologies Inc, (Japan), NGK Insulators (Japan)
- Shell (U.K.)
- Sinocat (China)
- Zelolyst (U.S.)
- Solvay (Belgium)