Emission Control Catalysts Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Emission Control Catalysts Market Analysis
The market for emission control catalysts is expected to witness a CAGR of around 5% during the forecast period. One of the major factor driving the growth of the market is the enactment of stringent emission norms.
- Impact of COVID-19 pandemic is likley to hinder the growth of the market studied.
- By metal, platinum segment is likely to dominate the market studied through the forecast period.
- Asia-Pacific dominated the market with the largest consumption coming from China, ASEAN Countries, and India.
Emission Control Catalysts Market Trends
This section covers the major market trends shaping the Emission Control Catalysts Market according to our research experts:
Platinum - The Most used Metal
- Platinum is the most widely used metal for emission control applications, since it improves combustion.
- Improved combustion helps to reduce emissions and enhance the catalyst's performance.
- Since, platinum is effective under oxygen-rich conditions, it is used widely for diesel applications.
- Furthermore, platinum offers several other advantages, such as:
- It has a high melting point, thereby providing thermal durability.
- It possesses excellent oxidation activity at low temperatures.
- It is effective against sulfur compounds and helps in reducing the sulfur content in crude oil, in the refineries.
- It can be efficiently recycled.
- Sources, such as, automobiles, refinery & petrochemical complexes, chemical industries, oil and natural gas processing plants, and pharmaceutical industries, among others, are discovering an increasing number of applications of platinum-based emission control catalysts.
China to Dominate the Asia-Pacific Market
- China is one of the fastest growing economies, globally. Furthermore, almost all the end-user industries have been witnessing growth, owing to the growing population, living standards, and per capita income.
- China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. The country contributes more than 35% of the global chemical sales. The chemical industry is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. With the growing demand for various chemicals, globally, the demand for emission control catalysts from this sector is projected to grow during the forecast period.
- Moreover, the Chinese automotive manufacturing industry is the largest in the world. Though the industry witnessed a slowdown in 2018, wherein the production and sales declined. Similar trend continued, with the production witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), automotive production is expected to decline by about 2% in the end of 2020.
- The 'Made in China 2025' initiative aims to support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. The 'Automobile Mid and Long-Term Development Plan' was released in the April 2017, with an objective to make China a strong auto power in the next ten years. This growth in the automotive industry is likely to increase the consumption of emission control catalysts in the industry.
- However, due the onset of COVID-19, the economic growth of China now seems to contract by a considerable extent in 2020. Many manufacturing and associated activities have already taken a hit in early 2020, and the economic situation is expected to remain dire, if the manufacturing activities are not set back on track by mid-2020
Emission Control Catalysts Industry Overview
The global emission control catalysts market is partially consolidated in nature, with the top ten players accounting for a major share of the global market. Some of the prominent players in the market include Clariant, BASF SE, Evonik Industries AG, Johnson Matthey, and Umicore, among others.
Emission Control Catalysts Market Leaders
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Clariant
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Umicore
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Johnson Matthey
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Evonik Industries AG
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Emission Control Catalysts Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Enactment of Stringent Emission Norms
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Impact of COVID-19 Pandemic
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4.2.2 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Metal
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5.1.1 Platinum
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5.1.2 Palladium
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5.1.3 Rhodium
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5.1.4 Other Metals
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5.2 Application
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5.2.1 Mobile Emission Control Catalysts
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5.2.2 Stationary Emission Control Catalysts
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5.3 End-user Industry
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5.3.1 Automotive
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5.3.2 Industrial
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5.3.3 Other End-user Industries
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 ASEAN Countries
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5.4.1.6 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 Italy
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5.4.3.4 France
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5.4.3.5 Russia
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5.4.3.6 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 United Arab Emirates
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5.4.5.3 South Africa
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5.4.5.4 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Aerinox-Inc.
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6.4.2 BASF SE
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6.4.3 CDTi Advanced Materials Inc.
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6.4.4 Clariant
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6.4.5 CORMETECH
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6.4.6 DCL International Inc.
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6.4.7 Evonik Industries AG
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6.4.8 Haldor Topsoe A/S
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6.4.9 Hitachi Zosen Corporation
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6.4.10 IBIDEN Ceram GmbH
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6.4.11 JGC C&C
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6.4.12 Johnson Matthey
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6.4.13 Nikki-Universal Co. Ltd
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6.4.14 Umicore
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Emission Control Catalysts Industry Segmentation
The emission control catalyst market report includes:
| Metal | |
| Platinum | |
| Palladium | |
| Rhodium | |
| Other Metals |
| Application | |
| Mobile Emission Control Catalysts | |
| Stationary Emission Control Catalysts |
| End-user Industry | |
| Automotive | |
| Industrial | |
| Other End-user Industries |
| Geography | ||||||||
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Emission Control Catalysts Market Research FAQs
What is the current Emission Control Catalysts Market size?
The Emission Control Catalysts Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Emission Control Catalysts Market?
Clariant, Umicore, Johnson Matthey, Evonik Industries AG and BASF SE are the major companies operating in the Emission Control Catalysts Market.
Which is the fastest growing region in Emission Control Catalysts Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Emission Control Catalysts Market?
In 2024, the Asia Pacific accounts for the largest market share in Emission Control Catalysts Market.
What years does this Emission Control Catalysts Market cover?
The report covers the Emission Control Catalysts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Emission Control Catalysts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Emission Control Catalysts Industry Report
Statistics for the 2024 Emission Control Catalysts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Emission Control Catalysts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
