The global mobile emission catalysts market is projected to be valued at USD 29,970.31 million by the end of 2028,registering a CAGR of around 7.2%during the forecast period.
The mobile emission control catalysts are the key constituents of automobiles powered by internal combustion engines. These help mitigate the harmful effects of pollutants—such as NOx, carbon monoxide, unburned hydrocarbons, particulate matter, diesel carbon particulates (soot), and greenhouse gases—released in the exhaust.
Key Players
Key players operating in the global mobile emission catalysts market include BASF SE (Germany), Solvay (Belgium), Johnson Matthey (UK), Clariant (Switzerland), Umicore AG & Co. KG (Belgium), Cataler Corporation (Japan), Corning Incorporated (US), Heraeus Holding (Germany), Tenneco Inc. (US), N.E. CHEMCAT (Japan), and Zeolyst International, Inc (US).
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BASF SE, Solvay, Johnson Matthey, Clariant, Cataler Corporation, and Corning Incorporated are the prominent players operating in the global mobile emission catalyst market. These players account for a major share of the global market owing to their industry experience, wide product portfolio, global revenue base, and distribution network worldwide.
The primary factor driving the global mobile emission catalysts market is stringent emission norms and regulations for environmental and human safety. Additionally, increasing automotive production and their harmful emissions supports the growth of the global mobile emission catalysts market. According to the World Health Organization, around 4.2 million premature deaths globally are reported due to outdoor air pollution—black carbon being the major contributor. In 2017, GHGs released by the transportation sector were 29% of the global emissions,according to the U.S.Environmental Protection Agency. The high emission of GHGs has resulted in the imposition of norms by several organizations pertaining to exhaust emission. According to the data provided by the European Union, the consumption of energy is highest in the roadways segment—standing at 82%—while 18% is in the aviation, rail, pipeline transport, and non-specific transport segments. Thus, vehicular emissions highly contribute to GHG emissions.
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Covid Impact Analysis
The outbreak of COVID-19 has resulted in the shutting of factories and businesses, canceled air transport routes, and lockdowns and has negatively impacted the industry. However, with the lift of lockdown measures and trade restrictions, the demand is expected to gain pace and drive the market growth.
The governments and managements have imposed a number of fiscal and monetary policies across the globeto limit the damage caused by COVID-19, which is expected to result in certain relief for consumers.
Segment Analysis
The global mobile emission catalysts market has been segmented on the basis of metal type, technology, vehicle type, and region.
On the basis of metal type, the global mobile emission catalysts market has been segmented into palladium, platinum, rhodium, and others. The palladium segment accounted for the largest market share in 2020, with the highest CAGR of over 7.80%. It is extensively used to neutralize toxic pollutants by turning them into carbon dioxide and water vapor. The growing usage of gasoline engines results in the growth of palladium in the global mobile emission catalyst market.
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By technology, the mobile emission catalysts market has been categorized into Three-way conversion catalyst (TWC), Four-way conversion catalyst (FWC), Diesel oxidation catalyst (DOC), catalyzed soot filter (CSF), selective catalytic reduction (SCR), Lean GDI catalyst (LGC), electrically heated catalytic converter (E-CAT), and others. Among these, the diesel oxidation catalyst segment emerged as the fastest-growing segment during the review period.The diesel oxidation catalyst is a technology that breaks down pollutants in the exhaust stream from a diesel engine and turns them into less harmful components.
Based onvehicle type, the global market is classified intolight-duty vehicles, heavy-duty diesel, natural gas vehicles, motorcycles, utility engines, and others. The light-duty vehicles accounted for the largest market share in 2020; this is because the light-duty vehicles category comprises passenger cars, vans, and light commercial vehicles. These are affordable for middle-class consumers and there fore witness higher sales. Thereby the global mobile emission catalysts market.
Key Findings of the Study:
- The global mobile emission catalysts market is projected to reach a value of USD 29,970.31 millionby 2028, with a CAGR of around 7.55%during the forecast period from 2021 to 2028.
- Asia-Pacific accounted for the largest market share in 2020; this is due to the high production and sales of automobiles in countries such as China, India, and Indonesia.
- Middle East & Africa is expected to be the fastest-growing regional market registering a CAGR of over 7%.
- With the rising concern regarding energy conservation and climate change, the demand for efficient internal combustion engines to reduce toxic emissions is increasing rapidly, which is expected to favor the growth of the mobile emission catalysts market in the coming years.
- The proliferating automotive industry in Latin America and the Middle East & Africa—coupled with a high focus on product innovation and novel technology development—are key opportunities in this market.
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Emission Control Catalysts Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
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Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Emission Control Catalysts market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Emission Control Catalysts market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Emission Control Catalysts market is segmented into:PalladiumPlatinumRhodiumOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/63640/global-united-states-emission-control-catalysts-2026-182Segment by Application, the Emission Control Catalysts market is segmented into:AutomotiveIndustrialOthersRegional and Country-level Analysis:The Emission Control Catalysts market is analysed and market size information is provided by regions (countries).The key regions covered in the Emission Control Catalysts market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Emission Control Catalysts Market Share Analysis:Emission Control Catalysts market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
