San Francisco, 27 December 2018, Emission Control Catalyst Market
Analysis By Product (Palladium, Platinum, Rhodium), By Application (Automotive,
Industrial) And Segment Forecasts To 2024
The global Emission Control catalyst market is expected to reach USD
11.09 billion by 2024, according to a new report by Grand View Research, Inc.
Improving application of three-way oxidation-reduction converters in automotive
applications is expected to drive market growth. Stringent environment
regulations aimed at reducing carbon emissions in the major markets including
U.S., Germany, India and Japan is projected to have a favorable impact on the
market over the forecast period.
Increasing energy requirement from
household and industrial sectors emerging economies including China and India
coupled with favorable policies for the implementation of solutions to reduce
emission is expected to fuel the demand for catalysts.
The automotive sector is expected to
foresee growth at a CAGR of 4.3% from 2016 to 2024, in terms of volume. The
emergence of Mexico as an automotive production destination on account of
rising domestic demand for passenger and commercial vehicles along with
proximity to the U.S. is expected to increase the application of emission
reduction catalyst over the next eight years.
Access Full
Research Report On Emission Control Catalyst Market Analysis:
www.grandviewresearch.com/industry-analysis/emission-control-catalyst-market
www.grandviewresearch.com/industry-analysis/emission-control-catalyst-market
Further key findings from the report suggest:
·
Global emission control
catalyst demand was 1,978.0 kilo tons in 2015 and is anticipated to reach
2,900.4 kilo tons by 2024, expanding at a CAGR exceeding 4.0% from 2016 to 2024
·
Rhodium-based emission
reduction catalyst is expected to foresee growth at a CAGR of 4.3% from 2016 to
2024. Natural adaptive features with other metals including platinum and
palladium coupled with high market visibility in the catalyst industry is expected
to promote the usage of the product.
·
Industrial applications
contributed to 15.1% of the global volume share in 2015. Rapid
industrialization, particularly in emerging economies of Asia Pacific and Latin
America, coupled with rising awareness regarding ecology preservation is
expected to bolster the demand for emission control catalyst over the forecast
period.
·
Latin America is projected to
foresee volume growth at a CAGR of 4.2% from 2016 to 2024. The presence of
numerous oil & gas production facilities in Brazil and Venezuela in light
of the high prevalence of offshore petroleum basins is expected to promote the
number of installations of power plants. This factor is expected to drive the
Latin America emission control catalyst market over the next eight years.
·
Major emission control catalyst
manufacturers include Johnson Matthey, BASF, Solvay, Umicore, Clariant and
Corning Incorporated. Increasing expenditure on R&D and establishment of
strategic partnerships with buyers including catalytic converter vendors is
expected to remain a critical success factor over the next eight years.
Browse More Reports Of This Category By Grand View
Research At: www.grandviewresearch.com/industry/catalysts-and-enzymes
Grand View Research has segmented the
global emission control catalyst market by product, application and region:
Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
·
Palladium
·
Platinum
·
Rhodium
·
Others
Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Automotive
·
Industrial
·
Others
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
o
Italy
o
Russia
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
·
Latin America
o
Brazil
·
MEA
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-fluid-dispensing-systems-market
www.grandviewresearch.com/press-release/global-fluid-dispensing-systems-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
