Emission Control Catalysts Market, By Type (Platinum, Palladium, Rhodium, and Others), By Catalytic Converter (Three-way, Four-way, Lean NOx Trap, Diesel Oxidation Catalysts, Selective Catalytic Reduction), By Application (Mobile Sources (Off Road, On Road), Stationary Sources) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Emission Control Catalysts is an exhaust emission control device which converts toxic gases and pollutants in exhaust gas from internal combustion engine to less toxic pollutants with catalyzing redox reaction.

Strict government regulations and growing aftermarket for catalytic converters has become the major contribution in target market growth. Rising environmental concern in reducing carbon footprint has further enhanced the target market growth. Rapid growth in urbanization, rise in automotive industries and presence of major key players is expected to facilitate the demand for Emission Control Catalysts market growth over the forecast period.

Rising automotive industries to fuel market growth

Rising automotive industries has become the major factor in target market growth. Rapid growth in urbanization, rising industrialization and disposable income has allowed an individual to purchase own vehicles which in turn has facilitated the Emission Control Catalyst market growth.

For instance, in March 2023, according to (The Economic Times), auto components industry is expected to grow with double digits in upcoming FY (First Year), industrial body “Automotive Component Manufacturers Association of India” (ACMA) determined the total turnover in automotive industry to increase 10% to 15% in FY24. This industry grew by 23% to report turnover of $56.5 billion in FY22.

Restrains:

Rising demand for Electric Vehicles to restrain market growth

Increasing air pollution and rising environmental concern among individual has given rise in demand for electric vehicles with zero tailpipe emissions which in turn hampered the Emission Control Catalyst market growth. Further, according to IEA (International Energy Agency), in 2021 customers across the globe spent an estimated USD$250 billion on EV (electric vehicles) purchase and growth in EV sales is driving the investment in electrification with 65% overall end-use investment in transport sector.

Emission Control Catalysts Market is segmented based on Type, Catalytic Converter, Application and Region.

Type Insight

On the basis of Type, Emission Control Catalysts Market is segmented into Platinum, Palladium, Rhodium, and Others. Palladium type is expected to dominate the target market growth due to its wide use as oxidation catalysts in gasoline petrol-based engines.

Catalytic Converter Insights

On the basis of Catalytic Converter, Emission Control Catalysts Market is segmented into Three-way, Four-way, Lean NOx Trap, Diesel Oxidation Catalysts, Selective Catalytic Reduction.

Application Insights

On the basis of Application, Emission Control Catalysts Market is segmented into Mobile Sources (Off Road, On Road), Stationary Sources. Mobile Sources is expected to dominate the target market growth because, mobile sources are largest market for PGM (Platinum Group Metals) based emission control catalysts and stringent emission regulations in mobile sources has driven the target market growth.

Regional Insights:

On region the Emission Control Catalysts Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period. Moreover, rapidly growing population, urbanization, growing industrialization with rising automotive industries, and high disposable income which increase purchasing power of customer is anticipated to increase the demand for Emission Control Catalysts in the region.

For instance, in January 2023, according to (Times of India), SIAM (Society of Indian Automotive Manufacturers) showed, 4.13 million passenger and commercial vehicles were sold in country between January and November 2022 and total rises around 4.25 million units with sale volume of Maruti Suzuki for December.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Emission Control Catalysts Market report based on Type, Catalytic Converter, Application and Region:

Emission Control Catalysts Market, By Type:

• Platinum
• Palladium
• Rhodium
• Others (Vanadium, Ruthenium and Irirdium)

Emission Control Catalysts Market, By Catalytic Converter:

• Three-way
• Four-way
• Lean NOx Trap
• Diesel Oxidation Catalysts
• Selective Catalytic Reduction

Emission Control Catalysts Market, By Application:

• Mobile Sources (Off Road, On Road)
• Stationary Sources

Emission Control Catalysts Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the Emission Control Catalysts Market includes, BASF SE, Clariant, Umicore SA, Evonik Industries AG, Johnson Matthey, Corning Inc., Solvay S.A., Heraeus, Aristo Intelligent Catalyst Technology, and Holdor Topsoe.

• In July 2022, McKinsey launched “Catalyst Zero” to help companies across globe to find and remove carbon from their value chain and operations. New launched “Catalyst Zero” is the end to end de-carbonization solution which combines McKinsey’s proven business transformation with advanced technology which will help clients to establish their carbon foot print, set ambitious target, estimate de-carbonization options and to manage execution progress during tracking of actions.
• In June 2022, Johnson Matthey launched new low carbon solutions “CLEANPACE” a suite of ready now technologies to reduce syngas carbon emissions up to 95% and to retrofit existing methanol assets and grey hydrogen.
• In July 2021, Clariant Catalysts expanded its production volume capacity at plant in Heufeld, Germany for ECC (emission control catalysts) to meet growing global demand. These production site produces “EnviCat” emission control catalysts which removes 99% of harmful substances from industrial off-gases. The plant is featured with state-of-the-art production equipment facility dedicated to ECC.

• BASF SE*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Clariant
• Umicore SA
• Evonik Industries AG
• Johnson Matthey
• Corning Inc.
• Solvay S.A.
• Heraeus
• Aristo Intelligent Catalyst Technology
• Holdor Topsoe

“*” marked represents similar segmentation in other categories in the respective section