Emission Control Catalyst Market Analysis

Global Emission Control Catalyst Market Overview

Emission Control Catalyst Market Size was valued at USD 15.8 Billion in 2023. The Emission Control Catalyst industry is projected to grow from USD 17.46 Billion in 2024 to USD 35.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.12% during the forecast period (2024 - 2032). Rising demand for autos and light-duty vehicles, as well as increased government restrictions requiring the use of emission control technologies are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Emission Control Catalyst Market Trends

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  Growing industrialization and urbanization drive market growth.

  
  

 industrialization and urbanization are also driving the market CAGR for emission control catalyst (ECC). As more people move to cities, the demand for industrial products and services rises, resulting in the expansion of the industrial sector. As the industrial sector expands, hazardous gases such as nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC) are released into the atmosphere. ECCs is frequently employed in the industrial sector to reduce dangerous gas emissions. The growing demand for industrial products and services as a result of urbanization and industrialization is propelling the ECC market forward. Because of the growing demand to reduce harmful emissions from industrial operations, the industrial sector is projected to continue leading the ECC market. The growing requirement to reduce harmful emissions from industrial operations is projected to propel the ECC market forward in the approaching years.

Several governments throughout the world have implemented rigorous standard pollution and fuel economy rules for fuelled passenger vehicles. These standard rules have prompted automobile manufacturers to raise the usage of emission control catalysts in order to minimize carbon footprints in vehicles, regulate air pollution, and maintain safety and performance, which is likely to enhance the emission control catalyst market. The emission regulations for light-duty vehicles, such as Corporate Average Fuel Economy (CAFÉ) and Greenhouse Gas Emission guidelines, establish fuel consumption criteria for the vehicles. Government rules have ensured that automobile manufacturers will need to produce vehicles that comply with these standards and reduce hazardous pollutants in the environment in the future. As a result, the market for emission control catalysts will be driven during the forecast period as a result of the large rise in demand for these catalysts in the next years.

To limit harmful emissions into the environment, emission control catalysts are widely utilized in automobile applications. In 2018, OICA reports that the increase in automotive production in India, Thailand, Indonesia, and Malaysia to 5174645, 2167694, 1343714, and 564800, or 8.0%, 9.0%, 10.3%, and 12.2% higher than the previous year, is attributable to rising per capita income of the population, which also contributed to the enormous demand for advanced automotive machine manufacturing in the APAC region. According to the International Trade Administration (ITA), the Chinese government expects automotive output to reach 30 million units by 2020 and 35 million by 2025. According to the International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market in 2017, representing a 0.9% increase over 2016. With increased automobile production, demand for emission control catalysts will rise, acting as a driver for the emission control catalyst market over the forecast period.

Zeolyst International, a prominent zeolite producer and Ecovyst Inc. joint venture, is pleased to announce the debut of its branded product portfolio in 2023. With a four-decade history of zeolite discovery and manufacture, Zeolyst continues to innovate sustainable solutions to address the changing needs of a variety of industries, including renewable fuels, refining, automotive, and advanced recycling.

Emission Control Catalyst Market Segment Insights

Emission Control Catalyst Type Insights

The Emission Control Catalyst Market segmentation, based on type includes Palladium, Platinum, Rhodium and Others. In comparison to other PGMs, palladium segment dominates the ECC market. Palladium-based catalytic converters are ideal for meeting rigorous emission control rules. However, platinum, rhodium, and other PGMs are also employed in the production of ECC for automotive and industrial applications. Metals such as vanadium and tungsten (among others) are utilized in industrial processing to maintain emission limits. For example, a three-way catalyst (TWC) contains palladium or platinum to catalyze oxidation reactions, while rhodium is utilized as a reduction catalyst for NOx reduction.

Figure1:  Emission Control Catalyst Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Emission Control Catalyst End-Use Industry Insights

The Emission Control Catalyst Market segmentation, based on End-Use Industry, includes Automotive & Transportation, Chemical Industry, Oil & Gas Industry, Mining Industry, Power Industry And Others. In 2022, automotive & transportation segment is the most popular application. The sector is likely to be significantly impacted by rising demand for automobile catalytic converters as an emission control medium. Emissions from industrial facilities, autos, and other such sources contain carbon dioxide, as well as other chemicals that affect the environment, such as nitrous oxides, carbon monoxide, and other extremely harmful gases. Thus, regional government-initiated rules are projected to push automobile manufacturers to increase their use of catalysts during the next eight years, as catalysts control the emission of dangerous gases.

Emission Control Catalyst Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Emission Control Catalyst Market area will dominate this market, because of the existence of major emerging countries such as China and India, which have a significant number of automotive and manufacturing sectors. The growing need in these countries for decreasing hazardous emissions from autos and industrial operations is propelling the Asia Pacific ECC market forward. Moreover, China’s Emission Control Catalyst Market held the largest market share, and the Indian Emission Control Catalyst Market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2:  EMISSION CONTROL CATALYST MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Emission Control Catalyst Market accounts for the second-largest market share due to the rigorous environmental standards and the increased demand for minimizing hazardous emissions from autos and industrial processes. Further, the German Emission Control Catalyst Market held the largest market share, and the UK Emission Control Catalyst Market was the fastest growing market in the European region

The North America Emission Control Catalyst Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the existence of large automotive and industrial sectors in the United States and Canada.

Emission Control Catalyst Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Emission Control Catalyst Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Emission Control Catalyst industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Emission Control Catalyst industry to benefit clients and increase the market sector. In recent years, the Emission Control Catalyst industry has offered some of the most significant advantages to medicine. Major players in the Emission Control Catalyst Market, including Umicore SA (Belgium), Corning Incorporated (U.S.), Clariant (Switzerland), aerinox-inc (U.S.), CORMETECH, INC. (U.S.), Cataler Corporation (Japan) and DCL International Inc (U.S.) and others, are attempting to increase market demand by investing in research and development operations.

BASF SE is a European multinational corporation and the world's largest chemical producer. The company's headquarters are in Ludwigshafen, Germany. BASF has subsidiaries and joint ventures in over 80 countries and runs six integrated manufacturing sites as well as 390 other manufacturing locations throughout Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and serves a wide range of sectors. BASF stands for Badische Anilin- und Sodafabrik ('Baden Aniline and Soda Factory' in German. Friedrich Engelhorn created it on April 6, 1865 in Mannheim, Baden, in the German-speaking state of Baden. In 2021, BASF increased its capacity for manufacturing mobile emission catalysts in Chennai, India. This strategic development aims to increase the capacity for heavy-duty on and off-road automobile segments.

Johnson Matthey is a  British corporation with headquarters in London, England that specializes in sustainable technology and specialty chemicals. It is an index component of the FTSE 100 and is listed on the London Stock Exchange. Percival Norton Johnson established himself as a gold assayer in London in 1817, which is when Johnson Matthey got its start. The company's name was changed to Johnson & Matthey when George Matthey joined the company in 1851. The business received a designation as the Bank of England's official assayer and refiner the following year. In March 2019, Johnson Matthey introduced the Activ DPF diesel particulate filter (DPF) system for stationary diesel engines, which automatically regenerates. This will aid in the delivery of clean energy without the need for a filter monitoring system. This innovative innovation will assist the corporation in meeting the needs of clients in the vehicle industry.

Clariant Catalysts plans to increase and enhance its pollution control catalyst capacity in 2021 to satisfy rising global demand, notably in China. The company has recently begun operations at an additional, improved production site in Heufeld, Germany, which houses cutting-edge production equipment dedicated solely to pollution control catalysts. The catalysts' production capacity has been expanded, allowing for a 100% increase in volume over 2019.

Key Companies 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.)

Emission Control Catalyst Industry Developments

May 2019, Corning established a new manufacturing facility in China. The new Hefei factory will manufacture substrates and particulate filters for automobile emissions management, with initial production focusing on meeting client orders for the company's gasoline particulate filter (GPF) product line, Corning DuraTrap GC filters. This will assist the organization in meeting the increasing demand for ECC.

December 2019, the BASF catalyst expanded its mobile emission production capacity at its Pudong facility in Shanghai, China. The company has increased its manufacturing space by more than 30,000 square meters. This will assist the organization in meeting the ever-increasing demand for ECC.

Emission Control Catalyst Market Segmentation

Emission Control Catalyst Market By Type Outlook

• Palladium


• Platinum


• Rhodium


• Others

  Emission Control Catalyst Market By End-Use Industry Outlook

• Automotive & Transportation


• Chemical Industry


• Oil & Gas Industry


• Mining Industry


• Power Industry


• Others

Emission Control Catalyst Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America