Competitive Analysis:
The major players operating in the Emission Control Catalyst Market include BASF SE (Germany), Johnson Matthey (U.K.), Solvay (Belgium), Umicore SA (Belgium), Corning Incorporated (U.S.), Clariant (Switzerland), aerinox-inc (U.S.), CORMETECH, INC. (U.S.), Cataler Corporation (Japan), DCL International Inc (U.S.), and others.
Market Segmentation:
The Global Emission Control Catalyst Market is segmented on the basis of product, application, and region. Based on product, the market is classified into palladium, platinum, rhodium, and others. Among these, platinum based Emission Control Catalyst is expected to witness the fastest growth on account of being an appropriate oxidation catalyst. Moreover, it can be used as both a reduction and an oxidation catalyst. Platinum is majorly used in diesel vehicles as it act as both reduction and oxidation agent to reduce sulphur emission. Palladium is predicted to witness a healthy growth due to its easy blending features with platinum and palladium. Rhodium based Emission Control Catalyst is also estimated to witness tremendous growth owing to its predominant use in the reduction of nitrogenous oxide from exhaust emissions via three way catalytic converters in vehicles. Moreover, Rhodium metal exhibit excellent properties such as superior corrosion resistance and high thermal stability which is likely to propel its usage in the upcoming years. Based on application, emission control catalyst market is categorized into transportation, industrial, and others. Transportation sector include light duty vehicle and heavy duty vehicle. Automotive sector holds the largest share, accounting for around 70% of the total volume as of 2015. Increasing automotive production and sale coupled with rising demand for automotive catalytic converters as an emission control medium is predicted to drive the growth of the market over the forecast period, 2017 to 2023.
Regional Analysis:
Europe is estimated to be the largest Emission Control Catalyst Market followed by North America and Asia Pacific on account of increasing demand from automotive and industrial sector. Germany and UK are predicted to capture the largest regional market share on account of tremendous demand from prominent automobile manufacturers. The market in Asia Pacific is expected to grow with the healthy CAGR on account of tightening vehicle emission standard specifically in India, China, and Japan. North America Emission Control Catalyst Market is estimated to witness a substantial growth since the U.S, and Canada are the major contributors due to huge demand from power, cement, chemicals, and metal sector. The Middle Eastern and African countries are estimated to see significant regional market growth on account of rising foreign investments and shifting the manufacturing base to this region.Access Full Report Details - Emission Control Catalyst (ECC) Market size
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Companies Covered | 15 |
Pages | 136 |
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