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Stringent emission regulations in mobile sources to grow the demand for Emission Control Catalyst

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Stringent emission regulations in mobile sources to grow the demand for Emission Control Catalyst

April 01
05:57 2021
Stringent emission regulations in mobile sources to grow the demand for Emission Control Catalyst

Browse 80 market data Tables and 49 Figures spread through 148 Pages and in-depth TOC on “Emission Control Catalyst Market”
Emission Control Catalyst Market by Metal Type (Palladium Platinum, Rhodium, and others), Application (Mobile Sources and Stationary Sources), Region (APAC, Europe, North America, MEA, South America)

The emission control catalysts (ECC) market is expected to grow from USD 21.0 billion in 2019 to USD 30.5 billion by 2024, at a CAGR of 7.7%. This growth can be attributed to the increasing demand for ECCs in passenger cars and light commercial vehicles across the globe. Also, the tightening of global emission standards and increasing stress on fuel efficiency is further anticipated to fuel demand in the ECC market.

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The mobile industry is the largest market for PGM based on ECC. The sector accounts for 82.2% of the total ECC market size in terms of value. The ECC market is derived further dividing the market into on the road and off the road. On-road consists of light-duty vehicle (LDV), heavy-duty vehicle (HDV), and motorcycle whereas off the road includes agriculture tractors, vans, and minibus. The catalytic converters are installed in the cars that turn the toxic exhaust emissions into non-toxic substances by using precious metals such as platinum, palladium, and rhodium as catalysts. These precious metals react with toxic gases, break them down to lesser harmful pollutants and are released into the environment. Though these metals are expensive, there is a huge demand for the most efficient catalytic technologies.

APAC is the largest market for ECCs. Industrialization, growing population, and urbanization of APAC are boosting the ECC market. The major end-users of ECC in the region are light-duty vehicles (LDV), power plants, chemical plants, and motorcycles. The increasing use of ECC in passenger vehicles in the region is contributing to the growth of the automotive catalyst market. China is a key consumer of ECCs in the APAC. The demand from India and China is growing at an extensive rate because of the growing automotive base and the rapid expansion of the automotive industry in these countries. As a result, several leading players are expanding their manufacturing facilities in this region. For instance, in 2017, Johnson Matthey expanded its auto-catalyst production facility in Shanghai, China and in 2018 BASF, invests in new mobile emission catalysts production facility in China to meet customer demand.

The ECC market comprises significant players such as 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), and Zelolyst International (US).

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