Emission Control Catalyst Market Analysis | 2023-2028

Market Insights

The emission control catalyst market was estimated at USD 45.8 billion in 2022 and is likely to grow at a CAGR of 6.9% during 2023-2028 to reach USD 68.54 billion in 2028.

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Market Dynamics

Introduction

Emission control systems refer to the market for technologies and products that regulate and lessen emissions from internal combustion engines. The market is being driven by escalating environmental laws as well as rising consumer demand for vehicles that are cleaner and more fuel-efficient.

The markets for emission control catalysts and emission control systems are interrelated. One of the essential elements of emission control systems is the emission control catalyst. They are employed to lessen toxic petrol emissions from vehicle exhaust, such as nitrogen oxides, carbon monoxide, and hydrocarbons. Environmental legislation, vehicle manufacturing, and consumer demand for greener transportation are just a few examples of factors that have an impact on the need for emission control systems and emission control catalysts.

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Key Players

The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the emission control catalyst market. Most of the major players are providing emission control catalysts.

• AeriNox
• BASF CATALYST
• Cataler
• Clariant
• CORMETECH
• DCL International Inc
• Heraeus
• Johnson Matthey
• Tenneco
• Umicore

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Metal Type

The emission control catalyst market is segmented into Palladium, Platinum, and Rhodium. Palladium is expected to remain the largest and fastest-growing type in the market during the forecast period due to its ability to maintain acceptable performance at sustained high temperatures during the lifespan of the vehicle.

By Application Type

The market is segmented into mobile sources (off-road and on-road) and stationary sources. Mobile sources are expected to remain the dominant as well as the fastest-growing material type in the market during the forecast period. Mobile sources have a great demand for ECC due to the high volatile organic compound (VOC) emissions from HDVs and LDVs, including alkenes, alkanes, and several others.

Regional Insights

Asia-Pacific is expected to remain the largest emission control catalyst market during the forecast period. The expansion of numerous industries in this area has been fueled by rising consumer purchasing power. During the projection period, these factors are anticipated to increase the demand for ECC in the area.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s emission control catalyst market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The emission control catalyst market is segmented into the following categories:

By Metal Type

• Palladium
• Platinum
• Rhodium

By Application Type

• Mobile sources
• Stationary sources

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry to sales@stratviewresearch.com.