What is the Historical Analysis of the Emission Control Catalysts Market Size?
The emission control catalysts market has seen considerable growth due to a variety of factors.
• The market for emission control catalysts has experienced swift expansion in the past few years. The projections show a rise from $27.01 billion in 2024 to $29.93 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.8%.
This substantial growth in the preceding years can be credited to more rigid emission standards, a surge in vehicle ownership, a rise in industrial emissions, heightened public awareness, and the expansion of the automobile industry.
What is the Forecasted Growth of the Emission Control Catalysts Market Size?
The emission control catalysts market is expected to maintain its strong growth trajectory in upcoming years.
• The market for emission control catalysts is predicted to expand significantly in the forthcoming years, reaching a value of $46.49 billion by 2029, with a compound annual growth rate (CAGR) of around 11.6%.
The expected growth during the forecasted period is driven by factors such as the production of green hydrogen, industrial decarbonization, rising usage of renewable fuels, enhanced air quality due to urbanization, and a surge in international agreements. Additionally, major trends that will be prevalent in this period comprise diesel emission control, compliance with zero-emission standards, the utilization of selective catalytic reduction (scr) technology, on-board diagnostics (obd) systems, and the adoption of integrated systems.
What Key Factors and Trends are Driving the Growth of the Emission Control Catalysts Market?
The expansion of the emission control catalysts market is significantly influenced by rigid laws aimed at curbing air pollution. The primary sources of air pollution are rapid industrialization and urbanization, which result in increased emissions. Governments worldwide are increasingly worried about the detrimental impact of air pollution on both human health and the environment, leading to the enforcement of laws to mitigate air pollution. This has spurred demand for emission control catalysts in industrial machinery and automobile exhaust systems. For example, the United Nations Environment Programme (UNEP), a US-based governing entity, declared in September 2023 that air pollution stands as the most substantial environmental health risk worldwide, causing over 8 million premature fatalities annually. Thus, the harsh laws for curbing air pollution are anticipated to catalyze the growth of the emission control catalysts market in future.
What are the Market Segments in the Emission Control Catalysts Market?
The emission control catalysts market covered in this report is segmented –
1) By Product: Palladium-based ECC, Platinum-based ECC, Rhodium-based ECC, Other Products
2) By Fuel Type: Diesel Vehicles, Gasoline Vehicles
3) By Application: Mobile Emission Control Catalysts, Stationary Emission Control Catalysts
4) By End User: Automotive and Transportation, Chemical Industry, Oil and Gas Industry, Mining Industry, Power Industry, Other End Users
Subsegments:
1) By Palladium-based ECC: Palladium Catalyst for Gasoline Engines, Palladium Catalyst for Diesel Engines
2) By Platinum-based ECC: Platinum Catalyst for Gasoline Engines, Platinum Catalyst for Diesel Engines
3) By Rhodium-based ECC: Rhodium Catalyst for Gasoline Engines, Rhodium Catalyst for Diesel Engines
4) By Other Products: Mixed Metal Catalysts, Base Metal Catalysts, Catalyst Supports and Carriers
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What Trends are Shaping the Emission Control Catalysts Market?
Leading players in the Emission Control Catalysts market are shifting their focus towards the creation of innovative solutions such as automotive emissions control, in an attempt to mitigate the release of toxic pollutants like nitrogen oxides, carbon monoxide and hydrocarbons. These solutions pertain to techniques and systems crafted to reduce the release of harmful substances from automotive vehicles. As an illustration, Boff Catalyst India Mountain. Ltd., a chemicals manufacturing company in India, revealed in August 2024, the commencement of a new Research, Development, and Application laboratory. The main focus of this state-of-the-art facility is to improve automotive emissions control methods. The facility is expected to develop innovative catalyst technologies that are in line with stringent emission criteria, such as Euro 7 and Bharat Stage VI (BS6). Thanks to its advanced testing capabilities, the lab can carry out comprehensive validation processes for various catalysts employed in gasoline and diesel engines.
Who Are the Key Players in the Emission Control Catalysts Market?
Major companies operating in the emission control catalysts market include:
• BASF SE
• Johnson Matthey plc
• Clariant AG
• Honeywell International Inc.
• Tenneco Inc.
• Cataler Corporation
• Heraeus Holding GmbH
• Bosal Industries Ltd.
• Innovative Emissions Control Inc.
• DCL International Inc.
• Albemarle Corporation
• Interkat Catalyst GmbH
• Royal Dutch Shell plc
• Sinocat Environmental Technology Co. Ltd.
• Zeolyst International Inc.
• Umicore SA
• Solvay S.A.
• Corning Incorporated
• Hitachi Zosen Corporation
• Kunming Sino-Platinum Metals Catalyst Co. Ltd.
• Nett Technologies Inc.
• NGK Insulators Ltd.
• Clean Diesel Technologies Advanced Materials Inc.
• Eberspaecher Group
• Emitec Technologies India Private Limited
• Faurecia India Pvt. Ltd.
• Hug Engineering AG
• Katcon Global S.A. de C.V.
• Fabbrica Italiana Magneti Marelli
• Walker Manufacturing Company
• Yara International ASA
What are the Regional Insights into the Emission Control Catalysts Market?
Asia-Pacific was the largest region in the emission control catalysts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the emission control catalysts market during the forecast period. The regions covered in the emission control catalysts market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
