Global Stationary Emission Control Catalysts Industry Is Expected To Reach About USD 2433.14 Million By 2021, Growing At A CAGR Of 9.18% During The Period (2017 – 2022)

Summary

Global Stationary Emission Control Catalysts Market-Segmented by Catalyst, End-User Industries, Process and Geography-Trends and Forecasts (2017-2022). The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle-East & Africa. Europe accounts for the major share in the market, owing to the stringent environmental regulations present in the region.

Description

The global stationary emission control catalyst market was valued at USD 1,436.74 million in 2015 and is expected to reach USD 2433.14 million by 2021, at a CAGR of 9.18%, during the forecast period.

Stationary emission catalysts are used to control the release of carbon monoxide, SOX, NOX, particulate matter and other trace elements such as mercury, cadmium, and lead, present in various industrial emissions. Governments, mainly in the developed countries, have been formulating laws and regulations to control the release of these emissions. Most companies are now treating these emissions, which is driving the stationary emission control catalysts market.

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The market has been divided, by end-user industry into power plants, refinery & petroleum, chemical, waste incineration, metal finishing, and other industries (commercial, agriculture, etc.). Power plants account for a major share in the market, owing to the environmental regulations present in the industry. In North America, the power plants segment and in Europe, the chemicals segment, show a great potential for the stationary emission control catalysts market, owing to the increasing regulations in the respective segments.

The market has been segmented by the process into selective catalytic reduction (SCR), catalytic oxidation, catalytic incineration, and catalytic filters. Selective catalytic reduction is the majorly used process and is mainly used for removing NOX from the emissions. Catalytic incinerators are used for removing VOCs present in the emissions and are largely used in paints, printing, rubber, and casting industries. Catalytic oxidation is used for removing carbon monoxide and hydrocarbons present in the emissions.

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The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle-East & Africa. Europe accounts for the major share in the market, owing to the stringent environmental regulations present in the region. Stationary emission control catalysts used in the chemical industry is expected to witness the highest growth in Europe. North America is also expected to witness a high growth rate, owing to the increasing regulations in the power sector.

The recovery of platinum group metals (PGMs) and the consistent development of new products and solutions, are expected to offer numerous opportunities for the growth of the global stationary emission control catalysts market.

Some major companies dominating this market for its products, services, and continuous product development include –

  • Johnson Matthey
  • Cormetech Inc.
  • Haldor Topsoe
  • Hitachi Zosen Corp.
  • BASF

Key Deliverables in the Study

  1. Market analysis for the global stationery emission catalysts market, with region specific assessments and competition analysis on a global and regional scale.
  2. Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
  3. Extensively researched competitive landscape section with profiles of major companies along with their market share.
  4. Identification and analysis of the macro and micro factors that affect the global stationery emission catalysts market on both global and regional scales.
  5. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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