Global Emission Control Catalysts-Forecasts and Trends (2017-2022)
Global Emission Control Catalysts Market-Segmented by Metal, Application, End-user Industry and Geography-Trends and Forecasts (2017-2022). The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America and the Rest of the World. In terms of consumption in 2015.
The global emission control catalysts market was estimated to be worth USD XX.XX billion in 2015; this market is projected to reach USD XX.XX billion by 2020, at an estimated CAGR of 10.46% during the forecast period (2017 – 2022). Emission control catalysts are substances that aid in reducing particulate matter, hydrocarbons, nitrogen oxides and other emissions from the power plants, automobiles and other such sources. Precious metals such as platinum, palladium, rhodium and vanadium are used as catalysts for coating ceramic beads in catalytic converters (used in automobiles and industrial processing units).
The emission control catalysts market can be segmented by applications into mobile emission control and stationary emission control catalysts. Stationary emission control catalysts are used in stationary sources of emissions such as power plants, whereas, mobile emission control catalysts are used majorly in mobile applications such as automobiles, marine and aircrafts.
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This market is driven by a number of factors, such as the increasing penetration of diesel engine vehicles in the Asia-Pacific region, enactment of stringent emission norms to reduce or minimize harmful emissions and an increase in the average age of the vehicles. However, this market faces certain drawbacks, such as the increasing penetration of battery electric vehicles and limited reserves of precious metals such as platinum. The aforementioned factors may act as restraints to the growth of the market.
The global emission control catalysts market can be segmented by the type of metal used, into platinum, palladium, rhodium and others (vanadium and tungsten). In addition, by end-user industry, the market can be segmented into industrial, automotive and others. The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America and the Rest of the World. In terms of consumption in 2015, Asia-Pacific led the market with a share of XX.XX%. Consistent improvement in economic conditions in Asia-Pacific countries, particularly, in India and China, has led to an improvement in the financial status of consumers, which, in turn, has boosted the demand for and the production of automobiles. In addition, an increase in the average life span of the vehicles in operation and the increasing demand for and usage of light commercial vehicles (diesel engine vehicles) in China and India, are also expected to propel the growth of the emission control catalysts market in the Asia-Pacific region.
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Furthermore, with consistent economic development in the region, the demand for energy is also increasing in countries such as Indonesia, Malaysia, India, China, and Singapore, which, in turn, are expected to help boost the demand for emission control catalysts.
Furthermore, with the growing adoption of SCR catalytic converter and increasing adoption of stationary emission control catalysts by petroleum industries in refining units (owing to growing environmental concerns), numerous opportunities for growth are expected to open for the global emission control catalysts market. Some of the major companies dominating this market for its products, services, and continuous product developments are BASF, Johnson Matthey, Honeywell UOP, Umicore SA and CDTi.
Key Deliverables in the Study
- Market analysis for the Global Emission Control Catalysts Market, with region specific assessments and competition analysis on global and regional scales
- Market definition along with the identification of key drivers and restraints
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
- Extensively researched competitive landscape section with profiles of major companies along with their market shares
- Identification and analysis of the macro and micro factors that affect the Global Emission Control Catalysts market on both global and regional scales
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
No. of Report Pages: 169
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