Stationary Emission Control Catalyst Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Metal (Platinum, Palladium, Rhodium, and Other Metals), Process (Selective Catalytic Reduction, Catalytic Oxidation, Catalytic Incineration, Catalytic Filters, and Other Processes), End-user Industry (Power Plants, Refineries and Petrochemicals Processing Plants, Chemical Plants, Waste Incinerators, Metal Finishing and Metallurgy, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Stationary Emission Control Catalyst - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

Europe

Key Players:

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Market Overview

The market for stationary emisssion control catalyst is expected to register a CAGR of 9.18%. One of the major factors driving the market studied is the stringent regulations regarding industrial emissions. However, volatility in precious group metal prices is likely to restrain the market.

  • The increasing adoption by petroleum industries in refining units is also likely to boost the demand for stationary emisssion control catalyst during the forecast period.
  • Recovery of platinum group metals (PGMs) is likely to act as an opportunity for the market growth in future.
  • In 2018, Europe dominated the global stationary emission control catalyst market.

Scope of the Report

The stationary emission control catalyst market report includes:

Metal
Platinum
Palladium
Rhodium
Other Metals
End-user Industry
Power Plants
Refineries and Petrochemicals Processing Plants
Chemical Plants
Waste Incinerators
Metal Finishing and Metallurgy
Other End-user Industries
Process
Selective Catalytic Reduction (SCR)
Catalytic Oxidation
Catalytic Incineration
Catalytic Filters
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Rest of the North America
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

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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.

Stationary Emission Control Catalyst - Segmentation

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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.
Stationary Emission control catalyst market-regional trends

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Competitive Landscape

The market for stationary emission catalysts is highly concentrated, and the top-four firms account for more than 50% of the total global share. These firms have their major share in the North American and European regions, followed by Asia-Pacific and other regions. Some of the major players of the market include Johnson Matthey, Cormetech Inc., Hitachi Zosen Corporation, and BASF SE, among others.

Major Players

  1. Johnson Matthey
  2. Cormetech Inc.
  3. Hitachi Zosen Corporation
  4. BASF SE

* Complete list of players covered available in the table of contents below

Stationary Emission Control Catalyst - Market Concnetration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Stringent Regulations Regarding Industrial Emissions

      2. 4.1.2 Increasing Adoption by the Petroleum Industries in Refining Units

    2. 4.2 Restraints

      1. 4.2.1 Volatility in Precious Group Metal Prices

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Force 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. 4.5 Regulatory Policy Analysis

    6. 4.6 Technology Overview

  5. 5. MARKET SEGMENTATION

    1. 5.1 Metal

      1. 5.1.1 Platinum

      2. 5.1.2 Palladium

      3. 5.1.3 Rhodium

      4. 5.1.4 Other Metals

    2. 5.2 End-user Industry

      1. 5.2.1 Power Plants

      2. 5.2.2 Refineries and Petrochemicals Processing Plants

      3. 5.2.3 Chemical Plants

      4. 5.2.4 Waste Incinerators

      5. 5.2.5 Metal Finishing and Metallurgy

      6. 5.2.6 Other End-user Industries

    3. 5.3 Process

      1. 5.3.1 Selective Catalytic Reduction (SCR)

      2. 5.3.2 Catalytic Oxidation

      3. 5.3.3 Catalytic Incineration

      4. 5.3.4 Catalytic Filters

    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 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 Rest of the North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 France

        3. 5.4.3.3 United Kingdom

        4. 5.4.3.4 Italy

        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 & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share 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 Inc.

      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 Kunming Sino- Platinum Metals Catalyst Co. Ltd

      15. 6.4.15 Nikki-Universal Co. Ltd

      16. 6.4.16 Umicore

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

    1. 7.1 Recovery of Platinum Group Metals (PGMs)

**Subject to Availability

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