Emission Control Catalysts Market to grow by USD 4007.6 million between 2024-2028
According to a research report “ Emission Control Catalysts Market” by Application (Mobile emission, Stationary emission) Type (Palladium, Platinum, Rhodium) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4007.6 million at a CAGR of about 5.68% during the forecast period. In the automotive industry, Emission Control Catalysts (ECCs) play a pivotal role in the design, manufacturing, and operation of automobile units. These catalysts, made from metallic or non-metallic elements, exhibit superior physical, thermal, and electrical properties, making them indispensable in industrial and automotive applications. Advanced ECCs are utilized extensively in functional components such as oxygen sensors, knocking sensors, and fuel injection systems, as well as structural components like brake discs and catalyst supports. Their high-temperature resistance, reliability, and cost-effectiveness make ECCs a preferred alternative to metals and other non-ceramic materials in the automotive Emission Control Catalysts Market..
Browse market data tables, figures, and in-depth TOC on “Emission Control Catalysts Market” by Application (Mobile emission, Stationary emission) Type (Palladium, Platinum, Rhodium) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.
View detailed Table of Content- Click here
By Application, the Mobile emission segment is projected to dominate the market size in 2024.
In the Emission Control Catalysts Market, palladium plays a pivotal role as a precious metal catalyst. Its primary application lies in the automotive sector, particularly in catalytic converters, which are essential for reducing harmful emissions. The demand for palladium in this segment is projected to expand due to the increasing focus on eco-friendly technologies. However, the supply chain faces risks from labor disputes, safety issues, and power outages, primarily in South African mines. These challenges may impact the overall market dynamics for palladium in emission control catalysts.
By Type, Palladium segment is expected to hold the largest market size for the year 2024.
In the automotive industry, Emission Control Catalysts (ECCs) have become a mandatory component due to regulatory initiatives aimed at reducing vehicle emissions. Approximately 97% of newly sold vehicles worldwide incorporate these catalysts, with a significant portion being diesel-powered vehicles utilizing platinum-based ECCs. The market for ECCs is projected to expand due to the increasing emphasis on environmental rehabilitation and conservation efforts. Despite challenges such as supply constraints and rising prices, the demand for ECCs remains robust, fueled by the need for environmental sustainability and stringent emissions regulations imposed by governments.
APAC is forecasted to hold the largest market size by region in 2024.
In the business realm, Emission Control Catalysts (ECCs) play a pivotal role in mitigating harmful pollutants from industrial processes. These advanced technologies enhance combustion efficiency, reducing greenhouse gases and particulate matter emissions. By optimizing fuel utilization and ensuring regulatory compliance, ECCs contribute significantly to sustainable industrial growth.
The Emission Control Catalysts Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
In the context of environmental sustainability, emission control catalysts play a crucial role in mitigating harmful emissions from both industrial and automotive sectors. These catalysts, including Lean Nox Traps, are integral to reducing Mobile Emissions from internal combustion engines and Stationary Emissions from power generation plants. Key metals such as Rhodium and Platinum are essential components in the production of Catalytic Converters, which facilitate the conversion of Harmful Hydrocarbons and Harmful Chemicals into less harmful CO2 emissions. The market for emission control catalysts is significant, with applications in metropolises where air quality is a concern due to high vehicular populations and urbanization. Automobile manufacturers and industrial sector entities are subject to stringent Emission Standards, making the demand for efficient emission control solutions a priority. Emission Control Catalysts (ECC) are essential in the quest for reducing CO2 emissions and improving overall air quality.
Market Research Overview
The Emission Control Catalysts (ECC) market encompasses a wide range of technologies and applications, including SCR (Selective Catalytic Reduction), diesel particulate filters, diesel oxidation catalysts, gasoline particulate filters, and three-way catalysts. These catalysts play a crucial role in reducing harmful emissions from industrial processes, automotive sectors, and power generation plants. Key materials used in ECC production include zeolites, WO2, V2O5, TiO2, aluminum oxide, rare earth oxides, and platinum group metals (PGMs) such as Rhodium, Platinum, and Palladium. SCR technology, which utilizes ammonia or urea to reduce NOx emissions, is a significant application area for PGMs. The global ECC market is driven by stringent emission regulations in various sectors, including automotive and industrial emissions. Key regions for market growth include Mainland China, where rapid industrialization and urbanization have led to increased focus on emission control. Other factors influencing market growth include oil prices, tax savings, purchase bonuses, and financial incentives for hybrid and lighter vehicles. ECCs are used in various industrial applications, including chemical plants, power stations, and heavy-duty counterparts. In the automotive sector, they are used in both light vehicles (LDVs) and heavy-duty vehicles (HDVs) to control emissions from internal combustion engines. The market for ECCs is expected to continue growing due to increasing environmental concerns and the need for emission control in various industries. Keywords: Emission Control Catalysts, SCR, VOCs, SOx, CO, HC, NOx, Industrial, Automotive, Stationary Emission, Mobile Emission, Lean Nox Trap, Other Metals, Rhodium, Platinum, Catalytic Converter Type, Metal, trade and economics, zeolites, WO2, V2O5, TiO2, SCR technology, aluminum oxide, rare earth oxides, platinum group metals, primary chemicals, diesel particulate filters, diesel oxidation catalysts, gasoline particulate filters, three-way catalysts, renewable energy, turbines, stationary diesel engines, chemical plants, power stations, heavy-duty counterparts, light vehicles, Mainland China, world consumption, coal power plants, CO2 emissions, internal combustion engines, battery electric vehicles, metropolises, air quality, vehicular populations, urbanization, harmful hydrocarbons, automobile catalysts, emission control, Mobile industry, Stringent emission, Gasoline engines, LDVs, HDVs, VOC, Diesel engines, Gasoline auto catalyst, ECC market, Palladium, PGMs, SCR systems, Environmental pollution, Oil prices, Tax savings, Purchase bonuses, Financial incentives, Hybrid vehicles, Lighter vehicles, Environmental issues, Air pollution, Industrial emissions, Automobiles, Rapid industrialization, Stimulus package, Labor, Mining industry, PGMs, Automotive sector, Environment, Carbon monoxide, Hydrocarbons, Nitrogen oxides, Harmful chemicals, Industrial sector, Automobile manufacturers, Power generation plants, Catalytic converters, Emission standards, Stationary sources, Mobile sources, ECC.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
