Emission Control Catalyst Market Size, Share, Opportunities, And Trends By Metal (Palladium, Platinum, Rhodium, Others), By Type (Diesel Oxidation Catalyst, Selective Catalytic Reduction, Lean Nox Trap, Three-Way Catalytic Converter, Four-Way Catalytic Converter, Others), By Application (Mobile, Stationary Sources, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Dec 2024
- Report Code : KSI061611846
- Pages : 143
The emission control catalyst market is expected to grow at a CAGR of 8.84%, reaching a market size of US$70.502 billion in 2030 from US$46.205 billion in 2025.
The global market size for emission control catalysts will grow substantially throughout the forecast duration. Catalytic converters use emission control catalysts to reduce harmful emissions into the atmosphere. As environmental worries develop, industry individuals undertake new substances, techniques, approaches, and technologies. The number one purpose of the economic, industrial, and governmental sectors is to lessen the amount of emissions. To lower the damaging carbon emissions, catalytic converters use catalysts for pollutant management. Leaders in the enterprise are pushing new technology, systems, strategies, and merchandise in reaction to developing environmental worries. States, organisations, and industry sectors prioritize regulating a variety of pollution.
In addition, the market is being driven by urbanization and industrialization. The industrial sector is growing due to the increased demand for industrial goods and services brought about by more people living in cities. The expansion of the industrial sector releases dangerous gases into the atmosphere. ECCs are widely used in this sector to cut harmful gas emissions. The ECC market is expanding due to the rising demand for industrial goods and services brought on by industrialization and urbanization. For instance, in 2023, CO2 emissions linked to energy increased by 1.1% globally, rising by 410 million tonnes (Mt) to a new record high of 37.4 billion tonnes (Gt).
What is the Emission control catalyst Market Drivers?
- Strict fuel economy regulations are expected to boost the demand for the emission control catalyst market globally.
Strict standard emission and fuel economy regulations have been imposed by several governments worldwide on fueled passenger cars. The industry for emission control catalysts is predicted to grow as a result of these standard regulations, which have forced automakers to use more of them in their vehicles to lower their carbon footprints, reduce air pollution, and maintain performance and safety.
Moreover, fuel consumption standards for light-duty cars are set by emission regulations such as the Greenhouse Gas Emission Standards and Corporate Average Fuel Economy (CAFÉ). Government regulations have ensured that car manufacturers may have to produce cars that adhere to these standards and reduce the number of dangerous pollutants entering the environment.
- Increased demand by manufacturers to reduce vehicle emissions might impact emission control catalyst market growth.
ECCs are utilized in a large number of automobiles and industrial processing units to reduce emissions from internal combustion engines and industrial activities. Advances in vehicle engine technologies and catalytic converters, such as SCR systems, two-way catalytic converters, and three-way catalytic converters, are addressing the problem of emissions. A car's engine can eliminate the percentage of the hydrocarbons, carbon monoxide, and nitrogen oxides it produces with a catalytic converter.
Furthermore, manufacturers are developing new and sophisticated systems that use a lot fewer PGMs and enhance the overall performance of the catalytic converters to meet the necessary emission requirements.
- Increased use of platinum as a metal is anticipated to boost the market growth.
The demand for platinum, a crucial component of catalysts used to control emissions, has been rising steadily in recent years. To lower vehicle emissions, platinum-based catalysts are frequently employed in the automotive sector's catalytic converters. Owing to its high activity and stability at high temperatures, platinum is favoured over other metals and is a perfect catalyst for transforming toxic emissions into less toxic ones.
Moreover, the growing global demand for cars and light-duty vehicles has led to a notable increase in the platinum segment. The automotive sector primarily drives the demand for platinum-based catalysts, and in the upcoming years, it is anticipated that this sector's growth will continue to drive platinum demand.
The emission control catalyst market is analyzed into the following segments:
- In terms of application, stationary emission is expected to grow significantly.
The stationary emission segment is anticipated to grow significantly in the upcoming years in terms of applications. Applications in power plants, industrial boilers, and other stationary sources of emissions are included in the stationary emission segment. Moreover, owing to the implementation of stringent emission regulations by governments worldwide and growing awareness of the detrimental effects of air pollution, this segment has seen significant growth in recent years.
Further, the need to lower emissions of nitrogen oxides, carbon monoxide, and other pollutants from stationary sources is what drives the market for stationary emission control catalysts, because of the growing energy demand and the industrial sector's expansion, the stationary emission segment is predicted to continue growing during the forecast period.
- Increasing demand for diesel oxidation catalysts is predicted to upsurge the market.
Diesel oxidation catalysts, or DOCs, are primarily utilized in compression-ignition engines, like diesel engines. This device converts hydrocarbons to water and carbon dioxide, and carbon monoxide to carbon dioxide using oxygen found in the exhaust gas stream. These converters are also known to operate at 90% efficiency, eliminating the smell of diesel and lowering observable particulates.
Moreover, during the forecast period, there will be a rise in demand for diesel oxidation catalysts (DOC), as they aid in the breakdown of solid particulates in engine exhaust systems of industrial machinery and vehicles, thereby reducing the number of harmful pollutants released into the environment.
Geographical Outlook of the Emission Control Catalyst Market:
- Asia Pacific is witnessing exponential growth during the forecast period.
The emission control catalysts market is expected to grow significantly in the Asia-Pacific region because of the high demand for emission control technologies in this area. Emissions from a variety of sources, including power plants, transportation, and industrial processes, have increased as a result of the region's rapid industrialization and urbanization.
As a result, there has been more emphasis on lowering emissions to enhance air quality and lessen the impact on the environment. This has raised the levels of air pollution. The demand for emission control catalysts has increased as a result of the region's governments enacting stringent emission regulations and encouraging the adoption of emission control technologies.
Key Launches in the Emission Control Catalyst Market:
- In August 2024, the new Research and Development and Application (RD&A) laboratory of BASF Catalysts India (BCIL), the Indian division of BASF Environmental Catalyst and Metal Solutions (BASF ECMS), was inaugurated at Chennai's Mahindra World City, Tamil Nadu. The creation of pollution control catalysts is the main objective of this calculated action, which is being undertaken in response to the particular requirements of the Indian automobile industry.
- In August 2024, Vietnamese researcher Dr Le Minh Thang disclosed the creation of an inexpensive catalytic converter for the treatment of industrial process exhaust emissions. This innovative technique is appropriate for a range of applications, including motorbikes and industries, and it eliminates harmful emissions by over 90%. To assist companies in reducing their environmental effect, Dr. Le hopes to commercialize this technology.
The emission control catalyst market is segmented and analyzed as follows:
- By Metal
- By Type
- Diesel Oxidation Catalyst
- Selective Catalytic Reduction
- Lean Nox Trap
- Three-Way Catalytic Converter
- Four-Way Catalytic Converter
- Others
- By Application
- Automotive industry
- Stationary sources
- Off-road equipment
- Marine industry
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- China
- Japan
- India
- South Korea
- Taiwan
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
The global emission control catalyst market is projected to grow at a CAGR of 8.89% during the forecast period.
The emission control catalyst market is projected to reach a market size of US$64.982 billion by 2029.
Emission Control Catalyst Market was valued at US$35.801 billion in 2022.
The Asia Pacific region is experiencing rapid growth in the emission control catalyst market.
The need for emission control catalysts has increased as a result of growing awareness of the damaging effects that air pollution has on both the environment and human health.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. EMISSION CONTROL CATALYST MARKET BY METAL
5.1. Introduction
5.2. Palladium
5.3. Platinum
5.4. Rhodium
5.5. Others
6. EMISSION CONTROL CATALYST MARKET BY TYPE
6.1. Introduction
6.2. Diesel Oxidation Catalyst
6.3. Selective Catalytic Reduction
6.4. Lean Nox Trap
6.5. Three-Way Catalytic Converter
6.6. Four-Way Catalytic Converter
6.7. Others
7. EMISSION CONTROL CATALYST MARKET BY APPLICATION
7.1. Introduction
7.2. Automotive industry
7.3. Stationary sources
7.4. Off-road equipment
7.5. Marine industry
7.6. Others
8. EMISSION CONTROL CATALYST MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Metal
8.2.2. By Type
8.2.3. By Application
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Metal
8.3.2. By Type
8.3.3. By Application
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Metal
8.4.2. By Type
8.4.3. By Application
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By Metal
8.5.2. By Type
8.5.3. By Application
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Israel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By Metal
8.6.2. By Type
8.6.3. By Application
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Taiwan
8.6.4.6. Indonesia
8.6.4.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. BASF SE
10.2. Johnson Matthey (Montagu)
10.3. Umicore
10.4. Corning
10.5. Solvay
10.6. Tenneco Inc.
10.7. Heraeus Group
10.8. Topsoe
10.9. Catalytic Combustion Corporation
10.10. Applied Catalyst
10.11. Riogen
10.12. Cataler Inc.
10.13. Clariant AG
10.14. Honeywell International Inc.
10.15. Cookson Electronics Plc
10.16. Robert Bosch GmbH
BASF SE
Johnson Matthey (Montagu)
Umicore
Corning
Solvay
Tenneco Inc.
Heraeus Group
Topsoe
Catalytic Combustion Corporation
Applied Catalyst
Riogen
Cataler Inc.
Clariant AG
Honeywell International Inc.
Cookson Electronics Plc
Robert Bosch GmbH
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