Emission Control Catalysts Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Metal (Platinum, Palladium, Rhodium, and Other Metals), Application (Mobile Emission Control Catalysts and Stationary Emission Control Catalysts), End-user Industry (Automotive, Industrial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Emission Control Catalysts Market Size

emission control catalysts market
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: < 5 %

Major Players

emission control catalyst market growth

*Disclaimer: Major Players sorted in no particular order
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Emission Control Catalysts Market Analysis

The market for emission control catalysts is expected to witness a CAGR of around 5% during the forecast period. One of the major factor driving the growth of the market is the enactment of stringent emission norms.

  • Impact of COVID-19 pandemic is likley to hinder the growth of the market studied.
  • By metal, platinum segment is likely to dominate the market studied through the forecast period.
  • Asia-Pacific dominated the market with the largest consumption coming from China, ASEAN Countries, and India.

Emission Control Catalysts Industry Segmentation

The emission control catalyst market report includes:

Metal
Platinum
Palladium
Rhodium
Other Metals
Application
Mobile Emission Control Catalysts
Stationary Emission Control Catalysts
End-user Industry
Automotive
Industrial
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa

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Emission Control Catalysts Market Trends

This section covers the major market trends shaping the Emission Control Catalysts Market according to our research experts:

Platinum - The Most used Metal

  • Platinum is the most widely used metal for emission control applications, since it improves combustion.
  • Improved combustion helps to reduce emissions and enhance the catalyst’s performance.
  • Since, platinum is effective under oxygen-rich conditions, it is used widely for diesel applications.
  • Furthermore, platinum offers several other advantages, such as:
    • It has a high melting point, thereby providing thermal durability.
    • It possesses excellent oxidation activity at low temperatures.
    • It is effective against sulfur compounds and helps in reducing the sulfur content in crude oil, in the refineries.
    • It can be efficiently recycled.
  • Sources, such as, automobiles, refinery & petrochemical complexes, chemical industries, oil and natural gas processing plants, and pharmaceutical industries, among others, are discovering an increasing number of applications of platinum-based emission control catalysts.
emission control catalyst market analysis

China to Dominate the Asia-Pacific Market

  • China is one of the fastest growing economies, globally. Furthermore, almost all the end-user industries have been witnessing growth, owing to the growing population, living standards, and per capita income.
  • China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. The country contributes more than 35% of the global chemical sales. The chemical industry is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. With the growing demand for various chemicals, globally, the demand for emission control catalysts from this sector is projected to grow during the forecast period.
  • Moreover, the Chinese automotive manufacturing industry is the largest in the world. Though the industry witnessed a slowdown in 2018, wherein the production and sales declined. Similar trend continued, with the production witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), automotive production is expected to decline by about 2% in the end of 2020.
  • The “Made in China 2025” initiative aims to support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. The “Automobile Mid and Long-Term Development Plan” was released in the April 2017, with an objective to make China a strong auto power in the next ten years. This growth in the automotive industry is likely to increase the consumption of emission control catalysts in the industry.
  • However, due the onset of COVID-19, the economic growth of China now seems to contract by a considerable extent in 2020. Many manufacturing and associated activities have already taken a hit in early 2020, and the economic situation is expected to remain dire, if the manufacturing activities are not set back on track by mid-2020
mobile emission catalysts industry

Emission Control Catalysts Industry Overview

The global emission control catalysts market is partially consolidated in nature, with the top ten players accounting for a major share of the global market. Some of the prominent players in the market include Clariant, BASF SE, Evonik Industries AG, Johnson Matthey, and Umicore, among others.

Emission Control Catalysts Market Leaders

  1. Clariant

  2. Umicore

  3. Johnson Matthey

  4. Evonik Industries AG

  5. BASF SE

*Disclaimer: Major Players sorted in no particular order

Aerinox-Inc., BASF SE, CDTi Advanced Materials Inc., Clariant, CORMETECH, DCL International Inc., Evonik Industries AG, Haldor Topsoe A/S

Emission Control Catalysts Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Enactment of Stringent Emission Norms

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Pandemic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Metal

      1. 5.1.1 Platinum

      2. 5.1.2 Palladium

      3. 5.1.3 Rhodium

      4. 5.1.4 Other Metals

    2. 5.2 Application

      1. 5.2.1 Mobile Emission Control Catalysts

      2. 5.2.2 Stationary Emission Control Catalysts

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Industrial

      3. 5.3.3 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Russia

        6. 5.4.3.6 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aerinox-Inc.

      2. 6.4.2 BASF SE

      3. 6.4.3 CDTi Advanced Materials Inc.

      4. 6.4.4 Clariant

      5. 6.4.5 CORMETECH

      6. 6.4.6 DCL International Inc.

      7. 6.4.7 Evonik Industries AG

      8. 6.4.8 Haldor Topsoe A/S

      9. 6.4.9 Hitachi Zosen Corporation

      10. 6.4.10 IBIDEN Ceram GmbH

      11. 6.4.11 JGC C&C

      12. 6.4.12 Johnson Matthey

      13. 6.4.13 Nikki-Universal Co. Ltd

      14. 6.4.14 Umicore

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Emission Control Catalysts Market Research FAQs

The Emission Control Catalysts Market is studied from 2018 - 2028.

The Emission Control Catalysts Market is growing at a CAGR of <5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Clariant, Umicore, Johnson Matthey, Evonik Industries AG, BASF SE are the major companies operating in Emission Control Catalysts Market.

Emission Control Catalysts Industry Report

Statistics for the 2023 Emission Control Catalysts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Emission Control Catalysts analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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