The emission control catalyst market is growing at 7.59% CAGR, owing to capacity enhancements and swift demand growth across emerging countries. The emission control catalyst market provides an in-depth analysis of key market trends, growth opportunities, and market size forecasts of different emission control catalysts. The market outlook of palladium, platinum, Rhodium, and other emission control catalysts is provided from 2021 to 2030. In addition, the market share of mobile and stationary uses of emission control catalysts is included in the industry analysis. In addition, the growth opportunities for emission control catalysts across automotive, industrial, and other industries are also included. Further, 10 leading companies are analyzed in the report including their SWOT profiles, product offerings, and financial analysis.
Introduction to Emission Control Catalysts Industry
The catalysts business for emission controls is poised for strong growth with new environmental regulations beginning to be implemented across developed and developing countries. Leading companies aim to achieve strong business growth through capacity enhancement and R&D investment to meet local customer needs.
Amidst increasing demand from customers for efficient emission control, leading companies are expanding their emission control catalyst operations. To assist customers to adhere to the stringent governmental emissions control standards, products to eliminate Volatile Organic Compounds, Hydrocarbons, Carbon monoxide, Nitrous oxides, Nitrogen oxide, Ammonia, Metal Hydrides, and Halogens are increasingly put forward.
Robust demand from the automotive sector including passenger cars, light commercial vehicles, heavy commercial vehicles, and others supports the emission control catalyst market growth. Further, rapid industrialization and urbanization are boosting the emissions from the industrial and power generation sectors. Accordingly, efficient emission control catalysts that reduce the release of harmful pollutants into the environment are gaining robust revenue growth.
On the other hand, the rapid penetration of battery-operated and hybrid EVs, Hydrogen fuelled vehicles, and other vehicles pose challenges to market growth in the automotive sector. In addition, fluctuating prices of platinum group metals result in fluctuating emission control catalyst profit margins for companies.
Controlling emissions from both mobile and stationary sources remains key for end-user industries, which is supporting the market for emission control catalyst companies.
Emission Control Catalyst Market Size Outlook to 2030
The chart below provides the Emission Control Catalyst market size outlook in USD and year-on-year Growth outlook (%) from 2023 to 2030.
The global Emission Control Catalyst market size stood at $21.0 Billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Emission Control Catalyst market is likely to register a steady revenue increase at a compounded annual growth rate of 7.59 percent to reach $37.5 billion by 2030.
Emission Control Catalyst Market Dynamics
The global emission control catalyst market is driven by the automotive industry growth in emerging markets offers strong growth opportunities and increased demand for SCR catalysts. Further, the report identifies that mobile sources generated the highest market revenue, and the high efficiency of Palladium at high temperatures supports its widespread adoption. On the other hand, processing challenges associated with Platinum and increased penetration of Electric Vehicles constrain the market growth prospects.
Emission Control Catalyst Market Share Analysis- Mobile sources generated the highest market revenue
The report analyzes the emission control catalyst market across diverse applications including stationary and mobile. Amidst increasing demand to control emissions of VOCs such as alkenes, alkanes, and others, the demand for mobile emission control catalysts is increasing, in particular, from the automotive industry.
In 2022, the mobile applications of emission control catalysts accounted for 82.9% market share, followed by the stationary sources accounting for 17.1% market share.
The chart below demonstrates the emission control catalysts market share analysis by application-
Emission Control Catalyst Market Trends- High efficiency of Palladium at high temperatures supports its widespread adoption
The emission control catalyst market analyzes different PGM (Platinum Group Metals) used in emission control catalysts including Palladium, Platinum, Rhodium, and others. Of these, Palladium held the dominant market share in 2022.
Emission Control Catalyst Market Drivers- Automotive Industry Growth in Emerging Markets offers strong growth opportunities
Automotive, Industrial, and other end-user industries are analyzed in the report. The revenue generated by emission control catalyst companies in these end-user industries across five regions is forecast from 2021 to 2030. Of these, the automotive industry held the largest market share in 2022.
Companies in Emission Control Catalyst Market Report
Leading companies operating in the industry include- Solvay SA, Umicore SA, Corning Inc, Johnson Matthey, BASF, Clariant, Aerinox Inc., Cormetech Inc., DCL International Inc., Royal Dutch Shell Plc, Cataler Corporation, and others are focusing on emerging markets to boost their market shares.
Emission Control Catalyst Market Segmentation
Type
Applications
End-User Industry
Companies
The Emission Control Catalyst market report analyzes the below companies-
1. Executive Summary
1.1 Introduction to Emission Control Catalyst Markets
1.2 Emission Control Catalyst Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Emission Control Catalyst Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Emission Control Catalyst Market Trends
3.1.1 High efficiency of Palladium at high temperatures supports its widespread adoption
3.1.2 Increased demand for SCR catalysts
3.2 Key Emission Control Catalyst Market Growth Drivers
3.2.1 Automotive Industry Growth in Emerging Markets offers strong growth opportunities
3.2.2 Mobile sources generated the highest market revenue
3.3 Key Emission Control Catalyst Market Growth Restraints
3.3.1 Processing challenges associated with Platinum
3.3.2 Increased penetration of Electric Vehicles
4 Emission Control Catalyst Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Emission Control Catalyst Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Emission Control Catalyst Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Emission Control Catalyst Market Size Outlook to 2030
5. Emission Control Catalyst Market Segmentation- Outlook by Type
5.1 Emission Control Catalyst Market Share Analysis by Type, 2023
5.2 Palladium Market Outlook to 2030
5.3 Platinum Market Outlook to 2030
5.4 Rhodium Market Outlook to 2030
5.5 Others
6. Emission Control Catalyst Market Segmentation- Outlook by Applications
6.1 Emission Control Catalyst Market Share Analysis by Applications, 2023
6.2 Mobile: Emission Control Catalyst Market Outlook to 2030
6.3 Stationary: Emission Control Catalyst Market Outlook to 2030
7. Emission Control Catalyst Market Segmentation- Outlook by End-User Industry
7.1 Emission Control Catalyst Market Share Analysis by End-User Industry, 2023
7.2 Automotive: Emission Control Catalyst Market Outlook to 2030
7.3 Industrial: Emission Control Catalyst Market Outlook to 2030
7.4 Others
8. North America Emission Control Catalyst Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Emission Control Catalyst Market Growth Opportunities
8.2.1 North America Emission Control Catalyst Market Outlook by Type, 2021 to 2030
8.2.2 North America Emission Control Catalyst Market Outlook by Application, 2021 to 2030
8.2.3 North America Emission Control Catalyst Market Outlook by Country, 2021 to 2030
8.3 United States Emission Control Catalyst Market Outlook, 2021 to 2030
8.4 Canada Emission Control Catalyst Market Outlook, 2021 to 2030
8.5 Mexico Emission Control Catalyst Market Outlook, 2021 to 2030
9. Europe Emission Control Catalyst Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Emission Control Catalyst Market Growth Opportunities
9.2.1 Europe Emission Control Catalyst Market Outlook by Type, 2021 to 2030
9.2.2 Europe Emission Control Catalyst Market Outlook by Application, 2021 to 2030
9.2.3 Europe Emission Control Catalyst Market Outlook by Country, 2021 to 2030
9.3 Germany Emission Control Catalyst Market Outlook, 2021 to 2030
9.4 France Emission Control Catalyst Market Outlook, 2021 to 2030
9.5 United Kingdom Emission Control Catalyst Market Outlook, 2021 to 2030
9.6 Spain Emission Control Catalyst Market Outlook, 2021 to 2030
9.7 Italy Emission Control Catalyst Market Outlook, 2021 to 2030
9.8 Other Europe Emission Control Catalyst Market Outlook, 2021 to 2030
10. Asia Pacific Emission Control Catalyst Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Emission Control Catalyst Market Growth Opportunities
10.2.1 Asia Pacific Emission Control Catalyst Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Emission Control Catalyst Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Emission Control Catalyst Market Outlook by Country, 2021 to 2030
10.3 China Emission Control Catalyst Market Outlook, 2021 to 2030
10.4 Japan Emission Control Catalyst Market Outlook, 2021 to 2030
10.5 India Emission Control Catalyst Market Outlook, 2021 to 2030
10.6 South Korea Emission Control Catalyst Market Outlook, 2021 to 2030
10.7 Indonesia Emission Control Catalyst Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Emission Control Catalyst Market Outlook, 2021 to 2030
11. South and Central America Emission Control Catalyst Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Emission Control Catalyst Market Growth Opportunities
11.2.1 South and Central America Emission Control Catalyst Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Emission Control Catalyst Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Emission Control Catalyst Market Outlook by Country, 2021 to 2030
11.3 Brazil Emission Control Catalyst Market Outlook, 2021 to 2030
11.4 Argentina Emission Control Catalyst Market Outlook, 2021 to 2030
11.5 Other Latin America Emission Control Catalyst Market Outlook, 2021 to 2030
12. Middle East and Africa Emission Control Catalyst Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Emission Control Catalyst Market Growth Opportunities
12.2.1 Middle East and Africa Emission Control Catalyst Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Emission Control Catalyst Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Emission Control Catalyst Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Emission Control Catalyst Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Emission Control Catalyst Market Outlook, 2021 to 2030
12.5 Other Middle East Emission Control Catalyst Market Outlook, 2021 to 2030
12.6 Egypt Emission Control Catalyst Market Outlook, 2021 to 2030
12.7 South Africa Emission Control Catalyst Market Outlook, 2021 to 2030
12.8 Other Africa Emission Control Catalyst Market Outlook, 2021 to 2030
13. Profiles of major world Emission Control Catalyst Companies
13.1 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 Clariant AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 Umicore
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 Tenneco
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Johnson Matthey
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 Evonik Industries
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 DCL International Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.8 Royal Dutch Shell Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
13.9 Cataler
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.10 Hitachi Zosen
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
Type
Applications
End-User Industry
High efficiency of Palladium at high temperatures supports its widespread adoption, Increased demand for SCR catalysts, growth prospects in passenger car segment
The global Emission Control Catalyst market size stood at $21.0 Billion in 2022.
From 2023 to 2030, the Emission Control Catalyst market is likely to register a steady revenue increase at a compounded annual growth rate of 7.59 percent to reach $37.5 billion by 2030.
BASF SE, Clariant AG, Umicore, Tenneco, Johnson Matthey, Evonik Industries, DCL International Inc, Royal Dutch Shell Plc, Cataler, Hitachi Zosen
Automotive Industry Growth in Emerging Asia, Africa, and Latin America offers huge growth potential