Emission Control Catalysts Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at CAGR of 7.9% from 2019 to 2027, reaching US$ XX Bn.
Emission Control Catalysts Market
This is a comprehensive international report targeted on present and future prospects of the Global Emission Control Catalysts Market. This report presents a consolidation of primary and secondary analysis that provides market size, share, dynamics and forecast for numerous segments and sub-segments considering the macro and Palladium based ECC environment factors. The report also covers an in-depth analysis of COVID 19 pandemic impact on the sales revenue of Emission Control Catalysts Market by year-wise and region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Emission Control Catalysts Market Overview:
There has been a revolution in the development of pollution control devices, primarily catalyst-based, national environmental air quality standards in the USA and Bharat Stage emission standards in India. Catalysts are used in internal combustion engines based on gasoline or diesel. Catalysts were made obligatory only for cars at the outset of the environmental pollution laws, but with the development of technology and the extent of emissions from manufacturing facilities worldwide, catalysts were often deemed necessary for industrial and power plants. In addition to carbon dioxide, pollution from vehicles, heavy duty machinery and power facilities also include many other contaminants, such as carbon monoxide, nitrous oxides and unburned or partly burning fuels, which are highly harmful to the atmosphere. In order to protect the atmosphere, laws have been put in place to curtail the emission of certain substances. Catalysts limit the emission of those materials.
Emission Control Catalysts Market – Dynamics
The strict environmental policies implemented by different governments and environmental protection agencies are one of the most critical factors for the market. These directives lead the industry to develop solutions for pollution control and make them internationally unified and legal. The ongoing production of new and improved catalysts around the industry is another force that causes producers of automotive and industrial catalysts to innovate, thus forcing the older catalysts to be substituted.
Catalysts, on the other hand, face restrictions in the form of being costly to procure or replace. In addition, because By Catalytic converters release carbon dioxide after the conversion of dangerous elements, the elevated level of carbon dioxide in the atmosphere is slightly responsible for this. However, irrespective of the advantages and drawbacks of catalysts, in emerging markets, especially India and China, there are market opportunities that will impact the market in the near future.
By Catalytic converters can be graded on the basis of the application for which they are being built and the engine type. Catalysts are industrial or automobile, depending on use. Catalysts can be installed in the automobile sector in commercial cars, trailers, coaches, tractors, earth-moving machinery and even aircraft. The type of catalyst to be built is determined for industrial use on the basis of environmental requirements placed on the relevant sector, i.e. a petroleum refinery will need the highest quality of catalysts relative to a food processing unit. For internal combustion engines, catalysts are distinct from those for spark ignition, depending on the type of engine.
The smartphone sector is the main ECC-based market for PGM. In valuation terms, the industry accounts for 82.2 percent of the overall ECC business share. The ECC market is further extracted from the separation of the market into road and off-road markets. Light-duty vehicles (LDV), heavy-duty vehicles (HDV) and motorcycles are included on the road, while tractors, vans and minibuses are included off-road. By Catalytic converters are built in vehicles that use precious metals such as platinum, palladium, and rhodium as catalysts to transform harmful exhaust pollutants into non-toxic compounds. Such precious metals react with greenhouse gases and are released into the atmosphere, breaking them down into less dangerous contaminants. Though these metals are pricey, the market for the most effective catalytic technology is immense.
Palladium is one of the PGM group of metals that dominates the technology of By Catalytic converters. Palladium is used in gasoline auto catalysts (petrol-based engines) and diesel engines as an oxidation catalyst that is commonly used. To boost the efficiency of By Catalytic converters to curb increasing emissions, catalysts containing equal ratios of platinum and palladium are planned to be introduced.
The objective of the report is to present a comprehensive analysis of the Emission Control Catalysts Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Emission Control Catalysts Market dynamics, structure by analyzing the market segments and project of the Emission Control Catalysts Market size. Clear representation of competitive analysis of key players by Material, price, financial position, Product portfolio, growth strategies, and regional presence in the Emission Control Catalysts Market make the report investor’s guide.
Scope of Emission Control Catalysts Market
Emission Control Catalysts Market, By Metal Type
- Palladium based ECC
- Platinum-based ECC
- Rhodium based ECC
- Others (vanadium, ruthenium, and irirdium)
Emission Control Catalysts Market, By Application
- Mobile sources (On Road, Off Road)
- Stationary sources
Emission Control Catalysts Market, By Catalytic converter
- Diesel oxidation catalyst
- Selective catalytic reduction
- Lean NOx trap
- Three-way by Catalytic converter
- Four-way By Catalytic converter
Emission Control Catalysts Market, By Region
- North America
- ME & Africa
- Latin America
Emission Control Catalysts Market Key Players
- BASF catalyst (Germany)
- Johnson Matthey (UK)
- Umicore (Belgium)
- Corning (US)
- Solvay (Belgium)
- Tenneco (US)
- Cataler (Japan)
- Heraeus (Germany)
- Holdor Topsoe (Denmark)
- Aristo Intelligent Catalyst Technology (US)
- Bosal (Netherlands)
- Clean Diesel Technologies (US)
- Comertech (US)
- DCL International Inc. (Canada)
- Hitachi Zosen Corporation (Japan)
- IBDIEN (Austria)
- Interkat (Germany)
- Kunming Sino-Platinum Metals Catalyst (China)
- Nett Technologies (Japan)
- NGK Insulators (Japan)
- Shell Global (Netherlands)
- Sinocat (China)
- Zelolyst International (US).
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