Global emission control catalysts market analysis and insights
Global economies will require radical transformations to decarbonize by 2050, including transitioning to renewable energy generation from carbon-neutral sources combined with carbon-neutral transportation and decarbonized industrial processes. While efficient technologies are available to help achieve these goals, some currently rely on raw materials characterized by volatile global markets often concentrated in geopolitically sensitive areas.
Catalysts are substances that increase the rate, conversion, and selectivity of chemical reactions and are used in a variety of applications such as chemical manufacturing, petroleum refining, and automotive catalytic converters. While catalysts are not consumed in the chemical reactions, some losses may occur in use. A wide variety of catalysts are marketed, many of which are important for reducing energy consumption and carbon emissions in manufacturing and during the use of energy technologies. Globally, 25 chemicals account for 80% of energy demand in the chemical industry and 78% of greenhouse gas (GHG) emission from that sector. Advanced catalysts and related process improvements could reduce energy intensity for these chemicals 20% to 40% as a whole by 2050.
The global Emission Control Catalyst market estimated at US$44.69 billion in the year 2022 is now projected to grow at a CAGR of 5.70% and reach US$62.33 billion by 2028. Stringent emission regulations imposed by governments around the world are a major driver for the emission control catalysts market. Growing awareness about environmental issues and the need to mitigate air pollution has led to increased demand for emission control catalysts. Furthermore, continuous advancements in catalyst technology, such as the development of new materials and improved catalyst formulations, drive the growth of the emission control catalysts market. These advancements lead to more efficient and effective catalysts, which can reduce emissions more effectively and increase the lifespan of catalyst systems.
Emission control catalysts regional market insights
North American emission control catalyst market is expected to grow significantly over the forecast period 2022-2028. This can be attributed to the factors such as innovations in automotive catalyst and government initiatives for emission reduction in the region. United States contributed around 78% of the total North American emission control catalyst market. It is estimated to have a market value of US$10.96 billion in the year 2022. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 4.94% and 2.73% respectively over the 2022-2028 period.
Asia Pacific emission control catalyst market is anticipated to witness an upsurge owing to the rapid industrialization and urbanization. Growing manufacturing of automobiles in developing Asian countries on account of increasing domestic consumption of vehicles may increase the adoption of these emission control catalysts. China is expected to dominate the Asia-Pacific market and reach a market size of US$12.51 billion by 2028.
Within Europe, Germany, France, Italy and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 5.93% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players
Key players profiled in the report include aerinox-inc; Alfa Aesar; BASF SE; Bosal; Cataler Corporation; Clariant; CORMETECH, Inc.; Corning Incorporated; DCL International Inc; Evonik Industries AG; Heraeus Holding GmbH; Johnson Matthey; Nett Technologies, Inc.; NGK Insulators, Ltd.; Shell Global; Solvay SA; Tenneco; Topsoe; Umicore SA and Zeolyst International, among others.
Competitive Landscape
June 12, 2023 – On May 19, Koch Engineered Solutions (KES) held an opening ceremony for its first manufacturing facility in China, located in Changshu, Jiangsu Province. The Changshu manufacturing plant utilizes the latest generation of automation and manufacturing capabilities and is uniquely designed to produce our full product line. This facility will also bring design, engineering, and service capabilities to our local customers as part of this initiative. The opening marks a significant milestone in KES’ localization process and demonstrates the firm’s strong confidence in the development of China’s green industry, technological innovation and the market’s future potential.
Sept 29, 2022 – BASF introduced CircleStar™, an innovative dehydration catalyst to process renewable feedstocks. The novel star-shaped catalyst achieves a 99.5% selectivity for the ethanol-to-ethylene (E2E) conversion. With an operating temperature that is more than 25°C lower compared to conventional processes, CircleStar™ helps to decrease the carbon footprint in the bio-ethylene value chain for products ranging from jet fuel to plastics by more than 10 percent while keeping the same performance.
Emission control catalysts market scope
- By pollutant
- Carbon monoxide (CO)
- Unburned hydrocarbons (HC)
- Nitrogen oxides (NOx)
- Particulates matter (PM)
- Sulfur dioxide (SO2)
- Others
- By metal
- Platinum
- Palladium
- Rhodium
- Vanadium
- Ruthenium
- Others
- By product category
- Three-way catalyst (TWC)
- Diesel oxidation catalyst (DOC)
- Three-way catalyst & oxidation catalyst (TWC-OC)
- Selective catalytic reduction (SCR)
- Lean NOx catalyst (LNC)
- Others
- By industry vertical
- Automotive
- Passenger vehicles
- Commercial vehicles
- Aviation
- Passenger aircrafts
- Private planes
- Others
- Marine
- Railways (Diesel locomotives)
- Energy and power
- Chemical
- Others
- Automotive
- By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
| Report Attribute | Details |
| No. of Pages | 284 |
| Published | June-2023 |
| Forecast Period | 2022-2028 |
| Estimated Market Size in 2022 | US$44.69 billion |
| Forecasted Market Size by 2028 | US$62.33 billion |
| CAGR | 5.70% |
| Regions Covered | North America, South America, Europe, Asia Pacific, Middle East and Africa |
| Companies Mentioned | aerinox-inc; Alfa Aesar; BASF SE; Bosal; Cataler Corporation; Clariant; CORMETECH, Inc.; Corning Incorporated; DCL International Inc; Evonik Industries AG; Heraeus Holding GmbH; Johnson Matthey; Nett Technologies, Inc.; NGK Insulators, Ltd.; Shell Global; Solvay SA; Tenneco; Topsoe; Umicore SA and Zeolyst International, among others., among others. |
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.
Research Methodology
