Emission Control Catalyst Market Size 2019 Global Industry Share, Growth, Trends, 15 Company Profiles and 2023 Future Market Analysis
Jan 4, 2019
Global Emission Control Catalyst Market including size, forecast, trend, share, growth, overview, key players, technologies, market drivers, challenges, standardization, regulatory landscape, opportunities, future roadmap, value chain, ecosystem player profiles and strategies forecast to 2023.
Pune, India - January 4, 2019 /MarketersMedia/ —
Industry Overview:
The global emission control catalyst market is anticipated to expand at a remarkable CAGR from 2016 to 2023 (forecast period), according to a new report by Market Research Future (MRFR). Emission control catalysts (ECC) or catalytic converters are devices which can convert toxic gases to less potent gases and reduces emissions. In light of stringent regulations pertaining to carbon emissions, prominent automotive manufacturers are integrating catalytic converters in their finished products. Increasing awareness towards minimizing carbon footprints is expected to drive market growth over the forecast period.
Top Key Players:
Some of the key industry participants operating in the global emission control catalyst market are BASF SE (Germany), Johnson Matthey (U.K.), Solvay (Belgium), Umicore SA (Belgium), Corning Incorporated (U.S.), Clariant (Switzerland), aerinox-inc (U.S.), CORMETECH, INC. (U.S.), Cataler Corporation (Japan), DCL International Inc (U.S.), and others
Receive a Exclusive Sample Report@https://www.marketresearchfuture.com/sample_request/4477
Drivers and Restraints:
Demand for fuel-efficient vehicles and rapid industrialization are factors expected to spur market demand. Continuous developments in catalysts are projected to benefit the market in the coming years. Rapid pace of urbanization coupled with the rise of expendable incomes of consumers are other factors which can influence market growth during the forecast period. Volatile prices of platinum metals can pose a challenge to the market.
Industry News:
Rise in fuel prices and skyrocketing emission rates have led to the development of ECCs which can minimize levels of hydrocarbons and nitrogen oxides. For instance, Clariant offers its own range of catalytic converters to purify gas and air. Its utilization in industrial applications can eliminate harmful pollutants such as nitrogen oxide (N2O).
In light of strict emission norms in India, Ducati, an Italian motorcycle manufacturer, has integrated a catalytic converter in its high-performance motorcycles. Furthermore, Indian Oil Company has developed a technology to convert natural gases into high-octane gasoline.
Segmentation Analysis:
Emission Control Catalyst Market is segmented by product, application, and region. By product, the market is segmented into rhodium, palladium, platinum, and others. The platinum ECC segment is anticipated to experience rapid growth owing to its being an oxidation-reduction catalyst. Production of diesel-fueled cars in Europe can spur segment demand in the coming years.
The palladium segment is expected a healthy growth rate during the forecast period due to increasing consumption by diesel and petrol-based engines.
Industrial, transportation, and others comprise as major market applications. The transportation segment is estimated to contribute to the market on account of light duty and heavy duty vehicle sectors. Automotive accounted for nearly 70% market demand in 2015. Continuous sales of cars and demand for catalytic converters is expected to drive segment growth during the forecast period. Uptick of electric vehicle sales can threaten its growth. The industrial application segment can also generate demand due to rapid industrialization in Asia Pacific and Latin America.
Regional Analysis:
Region-wise, the emission control catalyst market covers Latin America (LATAM), North America, Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
The APAC market is anticipated to expand from 2017 to 2023 due to booming general and automotive sectors. Rising demand from automobile manufacturers and adherence to stringent regulations are factors anticipated to bolster regional demand. Countries such as Vietnam, Japan, China, India, and South Korea are anticipated to contribute to market revenue in the coming years due to being home to various automotive manufacturing companies. Rise in expendable incomes of consumers is predicted to influence market revenues.
North America can register a modest growth rate till 2023 owing to pollution concerns and ban of volatile organic compounds (VOC). The U.S. and Canada continue to contribute to regional revenue by providing catalytic converters to metals, chemicals, cement, and power sectors.
The Europe ECC market is anticipated to dominate over the forecast period owing to strict policies regarding emissions and constant expansion of the automotive industry. Germany, in particular, may play a strong role in influencing market value.
The MEA market is projected to grow steadily due to presence of various mining and oil drilling companies in the region.
Competition Outlook:
Prominent market players include DCL International Inc.; Clariant; BASF SE; Solvay S.A.; and Cataler Corporation. These players are focusing on strengthening relationships with distribution partners to ensure continuous sales. Introduction of new technologies such as diesel particulate filter and its subsequent implementation in cars is anticipated to bode well for these players
Details Analysis of this Research @ https://www.marketresearchfuture.com/reports/emission-control-catalyst-market-4477
Intended Audience:
Emission Control Catalyst manufacturers
Traders and Distributors of emission control catalyst
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/emission-control-catalyst-market-4477
Source: MarketersMedia
Release ID: 465980
More News
Chili’s Margaritas Rimmed With Degreaser Burn 5 People in North Carolina
Three customers and two employees were burned on and around their mouths after a granulated substance was mistaken for sugar, a health official said.
Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.
Hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history. Binance said it will cover the losses.
How Binance’s $6.3 Billion Hack Went Down
A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.
Judge Tosses Trump’s $10 Billion Suit Against The Wall Street Journal
The defamation suit focused on an article about a birthday note to Jeffrey Epstein. It was the president’s second attempt to claim the publication had acted with actual malice.
The New Hot Job in Law Doesn’t Require a J.D.
Big law firms, legal tech vendors, and in-house legal departments at companies like Microsoft and Nvidia are all hiring legal engineers, a new position for lawyers with A.I. skills.
Pick Another Protein? Americans Still Want Beef, Despite the Price.
After chicken, consumers are buying more beef, while pork, turkey and soy products remain flat.
The U.S. Becomes a Global Hub for Horse Racing
More horses from overseas are competing in America’s marquee events, as the sport enjoys a renaissance.
Why Did So Many People File Early for Social Security Last Year?
Experts point to well-publicized turmoil at the government agency last year as a potential spark.
Strengthening party self-governance and integrity for economic growth
The 20th Central Committee of the Communist Party of China convened its fifth plenary session in Beijing from October 26 to 29, 2026, where it deliberated and adopted the Resolution of the Central Committee of the Communist Party of China on Certain Major Issues concerning Persevering with Full and Rigorous Party Self-Governance.
70 years on, why global buyers keep coming back to Canton Fair
70 years on, why global buyers keep coming back to Canton Fair
China's manufacturing PMI at 49.3, non-manufacturing PMI at 49.7
China's purchasing managers' index for the manufacturing sector came in at 49.3 in October, down 0.8 percentage points from the previous month, while the non-manufacturing PMI stood at 49.7, down 0.5 percentage points.
How One Country Became the Unlikely Crossroads of the Global A.I. Boom
In Malaysia, U.S. and Chinese tech giants are pouring billions into vast data centers, straining local resources and testing the limits of Washington’s restrictions on advanced chips.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.