Stationary Emission Control Catalyst Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Catalyst Type (Honeycomb Catalyst, Plate Catalyst, and Corrugated Catalyst), Process Type (Selective Catalytic Reduction, Non-selective Catalytic Reduction, Diesel Particulate Filters, and Catalytic Oxidation), Application (Power Generation, Coal-based Thermal Power Generation, and Industrial), Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Europe

CAGR:

8 %

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Market Overview

The market for stationary emission control catalysts is expected to register a CAGR of over 8%. One of the major factors driving the market studied is increasing demand due to stringent emission standards of developed countries and increasing use of oxidation catalysts on gas turbine power 

  • Volatility in Precious Group Metal Prices is likely to act as a restraint to the market studied.
  • The development of catalytic components for the developing fuel cell industry is likely to act as an opportunity to the market.
  • Europe dominated the global stationary emission control catalyst market and North America is expected to show fastest growth during the forecast period.

Scope of the Report

The stationary emission control catalyst market report includes:

Catalyst Type
Honeycomb Catalyst
Plate Catalyst
Corrugated Catalyst
Process Type
Selective Catalytic Reduction
Non-selective Catalytic Reduction
Diesel Particulate Filters
Catalytic Oxidation
Application
Power Generation (Excluding Coal based)
Coal-based Thermal Power Generation
Industrial
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
Russia
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Power Industry to Dominate the Market

  • The control of power plant emissions is a major area of application for stationary catalysts. In particular, NOx emissions are removed either by SCR or through NOx dissociation. The abatement of NOx from power plants is important, as it helps to control acid rain and photochemical smog.
  • It was first commercialized in Japan, SCR is extensively used in the country. Currently, it has also been commercialized in Germany, China, and Taiwan. Existing coal-fired plants are generally equipped with emission control systems for reduction of traditional pollutants, such as SOx, NOx, and particulate matter.
  • In the developed countries, the demand is mostly driven by legislative changes, while economic growth is the major source in emerging and developing countries. While emission standards and environmental norms are becoming stricter in developed countries, growth in vehicle production, fuel consumption, and the growth in chemical production are the key drivers for the stationary emission control catalyst market in emerging markets.
  • The stationary catalyst segment is growing considerably faster than the underlying industries, owing to constant innovation, which helps client companies save money and allow catalyst producers to charge a premium for their products.
  • Hence, the power industry is likely to account for the highest market share during the forecast period.

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North America to Witness the Highest Growth Rate

  • There are many fossil fuel-based power plants in the United States. Therefore, emission of harmful gases in the environment was high. To control this, in August 2015, the Environment Protection Agency (EPA) issued the clean power plan. This plan states that to cut harmful pollution from the power sector by 32% below the 2005 levels, the country needs to use clean energy (nuclear energy) and emission control catalysts.
  • In addition to this, the EPA has stationary engine regulations that need to be followed, and which are given under National Emission Standards for Hazardous Air Pollutants (NESHAP) and New Source Performance Standards (NSPS). This emission control plan and EPA regulations are driving the market for emission control catalysts in the country.
  • The other end-user industry is the chemical industry, which is one of the largest industries in the United States. It is one of the top exporting sectors in the country, accounting for around 15% of the global chemical shipments.
  • The United States is a world leader in chemical production and exports. Thus, the consumption of stationary emission control catalysts is high, and it is expected to increase further during the forecast period.
  • Canada has emission control guidelines under the Clean Air Act, which are to be followed. Hence, due to these environmental regulations, the consumption of stationary emission control catalysts is increasing.
  • Owing to the aforementioned reasons, North America is likely to witness the highest growth rate during the forecast period.

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Competitive Landscape

The market for stationary emission catalysts is highly concentrated. Some of the major players of the market include Johnson Matthey, Cormetech Inc., Hitachi Zosen Corporation, Umicore, CATALER CORPORATION, and BASF SE, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand due to Stringent Emission Standards of Developed Countries

      2. 4.1.2 Increasing Thermal Power Production Capacity in China and India

      3. 4.1.3 Increasing Shift from Coal to Natural Gas based Power Plants in Countries such as United States

    2. 4.2 Restraints

      1. 4.2.1 Volatility in Precious Group Metal Prices

      2. 4.2.2 Decline in Coal Based Thermal Power Generation in Western European Countries

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Catalyst Type

      1. 5.1.1 Honeycomb Catalyst

      2. 5.1.2 Plate Catalyst

      3. 5.1.3 Corrugated Catalyst

    2. 5.2 Process Type

      1. 5.2.1 Selective Catalytic Reduction

      2. 5.2.2 Non-selective Catalytic Reduction

      3. 5.2.3 Diesel Particulate Filters

      4. 5.2.4 Catalytic Oxidation

    3. 5.3 Application

      1. 5.3.1 Power Generation (Excluding Coal based)

      2. 5.3.2 Coal-based Thermal Power Generation

      3. 5.3.3 Industrial

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 Russia

        5. 5.4.3.5 Rest of the Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Cataler Corporation

      3. 6.4.3 CDTi Advanced Materials Inc.

      4. 6.4.4 Clariant

      5. 6.4.5 CRI Catalyst Company

      6. 6.4.6 CORMETECH

      7. 6.4.7 Corning Incorporated

      8. 6.4.8 DCL International Inc.

      9. 6.4.9 Hitachi Zosen Corporation

      10. 6.4.10 Honeywell International Inc.

      11. 6.4.11 IBIDEN Porzellanfabrik Frauenthal

      12. 6.4.12 JGC C&C

      13. 6.4.13 Johnson Matthey

      14. 6.4.14 Umicore

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Catalytic Components for the Developing Fuel Cell Industry

    2. 7.2 Other Opportunities

** Subject to Availability

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