The global emission control catalyst market is projected to reach $16.3 billion by 2025, at a CAGR of 3.9% during 2020-2025. The growth of emission control catalyst market is driven by stringent government regulation towards environmental protection, growth in the transportation & industrial sectors, and increasing demand for the diesel oxidation catalyst.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the emission control catalyst market by application (transportation, industrial, and others), metal (palladium, platinum, rhodium, and others), vehicle type (light-duty vehicles and heavy-duty vehicles), fuel type (diesel vehicles and gasoline vehicles), mobility (mobile emission control catalyst and stationary emission control catalyst), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the emission control catalyst market?
Q.4 What are some changing demands of customers in the emission control catalyst market?
Q.5 What are the new developments in the emission control catalyst market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this emission control catalyst area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this emission control catalyst market?
Emerging trends, which have a direct impact on the dynamics of the industry, include the shifting focus of carbon black suppliers from commodity to specialty grade and increasing use of Emission control catalyst as pigment in plastics.
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Market Segmentation:
Based on metal type, the emission control catalyst market is segmented into palladium, platinum, rhodium, and others. The palladium segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to excellent catalytic properties such as low cost, high melting point, high density, and corrosion & oxidation resistance.
Europe is expected to be the largest region over the forecast period due to stringent emission regulations like Euro 6, and increasing vehicle production. Lucintel predicts that Asia Pacific is expected to witness the highest growth over the forecast period supported by growing transportation and industrialization sectors especially in India and China.
Key Players in the Emission control catalysts market are BASF SE, Johnson Matthey Pic., Umicore N.V., Corning Incorporation and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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The major factors driving the market are the stringent emission standards implemented by governments across the globe and increasing aftermarket for catalytic converters.The major players in the market include BASF Catalyst (Germany), Johnson Matthey (UK), Umicore (Belgium), Corning Incorporated (US), Tenneco (US), Clariant (Switzerland), Cataler (Japan), Heraeus (Germany), Haldor Topsoe (Denmark), Cormetech (US), IBIDEN (Japan), and INTERKAT (Germany).
New product launch, investment & expansion, and merger & acquisition have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global ECC market.BASF Catalyst (Germany) is the most significant player operating in the emission control catalyst market.
The group has 30 manufacturing facilities worldwide and produces mobile as well as stationary emission catalysts for worldwide customers.
The company has adopted new product launch and expansion strategies to broaden its product portfolio and maintain its position in the market.
This expansion added 30,000 square-meters facilities which will include multiple manufacturing lines, providing a full range of emissions control technologies for heavy-duty and light-duty vehicle manufacturers.Speak to our analyst @ Click HereIncreasing gasoline engines to lead the growing demand for palladium metal in the ECC market.Based on metal type, the ECC market has been segmented into four types, namely, palladium, platinum, rhodium, and others.
Palladium based ECC is mainly in demand in 2018 as it has the ability to maintain acceptable performance at sustained temperature for a lifetime.
Global emission control catalyst market size was 1,978 kilo tons in 2015.
Rising awareness towards reduction of carbon footprints along with stringent norms implemented by government towards reduction of harmful pollutants from industries and automotive combustion will create substantial demand for these catalyst in the near future.Emission control catalyst are designed to breakdown harmful particles which are generated inside exhaust system of automotive engines and industrial machinery.
Rising number of installation of catalytic converter by major automotive players including BMW, General Motors, Volkswagen and Ford Motors will create immense market potential over the forecast period.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/emission-control-catalyst-market/request-sampleIncreasing automobile production in developing countries including China, India, Mexico and Iran will increase the product demand over the next eight years.
Presence of strict regulation norms regarding emissions in various developed countries including the U.S., and UK is expected to fuel product demand over the forecast period.High dependence on temperature fluctuation for the product performance is expected to pose a challenge to the market growth over the forecast period.Volatility in platinum based catalyst prices owing to unavailability of noble metals is anticipated to hinder industry expansion over the upcoming years.
Increasing investments in platinum-rhodium-palladium based manufacturing facilities by key players including BASF and Johnson Matthey will open new market avenues over the upcoming years.Application InsightsAutomotive was the dominant segment and accounted for 83.5% of the total volume in 2015.
National Ambient Air Quality Standard in the U.S. and Bharat Stage Emission standard in India regarding emission control will increase demand for automotive and industrial emission control catalytic converter in the near future.Industrial application is expected to show high gains at a CAGR of 4.9% in terms of volume from 2016 to 2024.
Emission Control Catalyst market report is a precise study of the Chemical and Materials industry which explains what the market definition, classifications, applications, engagements, and global industry trends are.
The report endows with the abundant insights and business solutions that will help you attain the new horizons of success.
Well, for better decision making, sustainable growth, and maximum revenue generation today’s businesses call for such comprehensive market research report.To achieve noteworthy business growth and maximum return on investment (ROI), adopting finest market research report like Emission Control Catalyst is truly beneficial.
An expert team conducts systematic, object-oriented and complete market research study to present the facts associated with any subject in the field of marketing via this report.Emission control catalyst market will reach an estimated valuation of USD 35.9 billion by 2027, while registering this growth at a rate of 7.03% for the forecast period of 2020 to 2027.Find out more about the Emission control catalyst industry by requesting a sample of this Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-emission-control-catalyst-market Market Dynamics:Set of qualitative information that includes PESTEL Analysis, PORTER Five Forces Model, Value Chain Analysis and Macro Economic factors, Regulatory Framework along with Industry Background and Overview.Global Emission Control Catalyst Research MethodologyData Bridge Market Research presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
