info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Emission Control Catalyst to Grow Significantly during the Forecast Period 2017-2023

Pune, India, October 10, 2017, /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Global Emission Control Catalyst Market.

Emission Control Catalyst is used to mitigate the harmful effects of pollutants in the exhaust such as hydrocarbons, particulate matters, nitrogen oxides, and carbon monoxide. Various elements such as palladium, platinum, rhodium, and others are used to clean vent gases. These are widely utilized in end-use industries such as transportation, general industry and others.

Some of the prominent factors that positively influence the growth of Emission Control Catalyst Market are rapid urbanization, improved living standards, growing need to curb emissions from industrial & automobile success. Environmental concerns owing to rapid industrialization combined with the future threat of global warming are posing issues for the expansion of a sustainable future. Industries across the globe are working towards implementing Emission Control Catalyst System to stick with the strict regulations related to the emission of harmful pollutants in the environment. The above-mentioned reason is predicted to fuel the growth of the market. Moreover, the main growth drivers for this market are strict environmental policies adopted by numerous governments and environmental protection agencies coupled with raise in vehicle production and growth of the industrial sector. However, raising demand for electric vehicles across the globe is expected to hinder the growth of the market.

Competitive Analysis:


The major players operating in the Emission Control Catalyst Market include 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.


Market Segmentation:


The Global Emission Control Catalyst Market is segmented on the basis of product, application, and region. Based on product, the market is classified into palladium, platinum, rhodium, and others. Among these, platinum based Emission Control Catalyst is expected to witness the fastest growth on account of being an appropriate oxidation catalyst. Moreover, it can be used as both a reduction and an oxidation catalyst. Platinum is majorly used in diesel vehicles as it act as both reduction and oxidation agent to reduce sulphur emission. Palladium is predicted to witness a healthy growth due to its easy blending features with platinum and palladium. Rhodium based Emission Control Catalyst is also estimated to witness tremendous growth owing to its predominant use in the reduction of nitrogenous oxide from exhaust emissions via three way catalytic converters in vehicles. Moreover, Rhodium metal exhibit excellent properties such as superior corrosion resistance and high thermal stability which is likely to propel its usage in the upcoming years. Based on application, emission control catalyst market is categorized into transportation, industrial, and others. Transportation sector include light duty vehicle and heavy duty vehicle. Automotive sector holds the largest share, accounting for around 70% of the total volume as of 2015. Increasing automotive production and sale coupled with rising demand for automotive catalytic converters as an emission control medium is predicted to drive the growth of the market over the forecast period, 2017 to 2023.



Regional Analysis:


Europe is estimated to be the largest Emission Control Catalyst Market followed by North America and Asia Pacific on account of increasing demand from automotive and industrial sector. Germany and UK are predicted to capture the largest regional market share on account of tremendous demand from prominent automobile manufacturers. The market in Asia Pacific is expected to grow with the healthy CAGR on account of tightening vehicle emission standard specifically in India, China, and Japan. North America Emission Control Catalyst Market is estimated to witness a substantial growth since the U.S, and Canada are the major contributors due to huge demand from power, cement, chemicals, and metal sector. The Middle Eastern and African countries are estimated to see significant regional market growth on account of rising foreign investments and shifting the manufacturing base to this region.Access Full Report Details - Emission Control Catalyst (ECC) Market size

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 136
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.