covina, April 12, 2023 (GLOBE NEWSWIRE) -- Emission Control Catalysts are used to breakdown toxic gases and pollutants from various industries to discharge minimum harmful gases in environment. Use of catalysts are beneficial for reducing pollutant gases. Catalysts play an important role in breakdown of toxic gases as they speed up chemical reaction and lowers the temperature needed to start without it being consumed during the reaction.
Attribute of catalysts such as low maintenance, inconsiderable opposing effect towards fuel and engines has driven the target market growth. Rising environmental concern in reducing carbon footprint has further enhanced the target market growth. Furthermore, rising automotive industries and rapidly growing economic status is expected to boost the demand for Emission Control Catalysts market growth.
The report “Emission Control Catalysts Market, By Type (Platinum, Palladium, Rhodium, and Others), By Catalytic Converter (Three-way, Four-way, Lean NOx Trap, Diesel Oxidation Catalysts, Selective Catalytic Reduction), By Application (Mobile Sources (Off Road, On Road), Stationary Sources) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
Key Highlights:
- In September 2020, Heraeus launched new efficient and cost-effective catalysts for PEM electrolysis which contains about 50% to 90% less iridium than conventional products with three times higher catalyst performance. This cost savings will make green hydrogen affordable for successful conversion to sustainable energy sources.
- In February 2020, Topsoe launched new steam reforming catalyst “TITAN” series which offers longer catalyst lifespan with improved performance, reduction in energy consumption, lowering operating costs and increased profit margin.
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Analyst View:
The key factor driving the growth of the Emission Control Catalysts is rising industrialization. Strict government rules and regulations in reduction of carbon footprint has further facilitated the target market growth. Expansion of industries, growing power generation plants and new product launch is expected to fruitful the demand for Emission Control Catalysts market growth in coming years. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on
“Emission Control Catalysts Market, By Type (Platinum, Palladium, Rhodium, and Others), By Catalytic Converter (Three-way, Four-way, Lean NOx Trap, Diesel Oxidation Catalysts, Selective Catalytic Reduction), By Application (Mobile Sources (Off Road, On Road), Stationary Sources) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
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Key Market Insights from the report:
Emission Control Catalysts accounted for US$ 45.8 billion in 2022 and is estimated to be US$ 94.2 billion by 2032 and is anticipated to register a CAGR of 7.0%. The Emission Control Catalysts is segmented based on Type, Catalytic Converter, Application and Region.
- Based on Type, Emission Control Catalysts is segmented into Platinum, Palladium, Rhodium, and Others (Vanadium, Ruthenium and Irirdium)
- Based on Catalytic Converter, Emission Control Catalysts is segmented into Three-way, Four-way, Lean NOx Trap, Diesel Oxidation Catalysts, Selective Catalytic Reduction.
- Based on Application, Emission Control Catalysts is segmented into Mobile Sources (Off Road, On Road), Stationary Sources.
- By Region, the Emission Control Catalysts is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of Emission Control Catalysts Market:
The prominent players operating in the Emission Control Catalysts includes
- BASF SE
- Clariant
- Umicore SA
- Evonik Industries AG
- Johnson Matthey
- Corning Inc.
- Solvay S.A., Heraeus
- Aristo Intelligent Catalyst Technology
- Holdor Topsoe.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
Scope of the report:-
- Emission Control Catalysts Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Platinum
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Palladium
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Rhodium
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others (Vanadium, Ruthenium and Irirdium)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Emission Control Catalysts Market, By Catalytic Converter, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Three-way
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Four-way
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Lean NOx Trap
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Diesel Oxidation Catalysts
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Selective Catalytic Reduction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Emission Control Catalysts Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Mobile Sources (Off Road, On Road)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Stationary Sources
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Emission Control Catalysts Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- Overview
