Global Emission Control Catalyst Market by Application (Automotive, Industrial), by Product (Rhodium, Palladium, Platinum) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global market for emission control catalysts was 1,978.0 kilo tonnes. A positive effect is expected to be seen in the rising awareness about reducing carbon footprints within the automotive sector, given stringent regulations regarding air pollution.

To reduce harmful pollutants in the environment, an emission control catalyst breaks down solid particulates found in the exhaust systems of motor vehicles and industrial machinery. The regional emission regulations policies in India include the National Ambient Air Quality Standards (USA), Euro standards in Europe and Bharat Stage emission standards for India. These policies control and restructure the market for emission control catalysts to reduce air pollution from many areas.

In the last few years, major automotive manufacturers such as General Motors and BMW have increased the cost of installing catalytic converters into the engine systems of their finished products. This trend will play a significant role in increasing the use of emission control catalysts in automotive engines over the next eight year.

These catalysts may be more popular in emerging countries like China, Mexico, Iran, due to rising automobile production and favorable government policies. Market growth is expected to increase due to high growth in the automotive and industrial sectors.

Fluctuating platinum group metal prices due to limited supply and the high demand for them in jewelry and construction will likely result in an increase in the cost of emission control catalysts over eight years. Increasing expenditure on the development of platinum-rhodium-palladium (Pt-RH-Pd) by catalyst manufacturers is expected to open new market avenues over the next eight years.

Product Insights

In 2015, the demand for rhodium-based emission-reduction catalysts was 828.2 kilogram tons. This is expected to increase due to its main use in the removal nitrogenous oxide from exhaust gases by three-way converters in automobile engines. Rhodium metal can also be resistant to corrosion and has excellent thermal stability, which is a benefit over other metals.

Palladium will experience the highest volume growth, at a 4.7% CAGR from 2016 to 2024. Due to its low price and ease of blending with platinum and palladium, the product will likely see significant improvement over the next eight year.

In 2015, platinum products accounted 32.2% of the global volume. They are expected to grow because they are a suitable catalyst for oxidation. Over the next eight years, the market will be affected by the high price of platinum compared to palladium as well as its sensitiveness to high-temperature conditions.

Application Insights

The largest application was automotive, accounting for 83.5% in total volume in 2015. The industry is likely to see a significant increase in demand for automotive catalytic convertors as an emission control medium. The emission from automobiles and industrial plants contains carbon dioxide, along with other compounds such as nitrous oxides and carbon monoxide. These gases can also harm the environment. The implementation of regional regulations is expected to make it more difficult for automotive manufacturers to use catalysts in the coming eight years. These catalysts are used to reduce harmful gas emissions.

At a 4.9% CAGR, industrial applications are expected to see huge gains between 2016 and 2024. The installation of diesel engines or gas turbine stations will be boosted by the expected growth in output in China, India and Turkey due to regulatory support that encourages domestic investments. This trend is expected to continue as a driving force in the future.

Regional Insights

Asia Pacific accounted for 32.9% global volume in 2015. In the near future, there will be a significant impact from strong automotive manufacturing facilities in China and South Korea, India, due to easy access of consumables.

From 2016 to 2024, Europe is expected to experience a 4.3% CAGR. In 2005, the European Commission established the EU Emissions Trading System. This system provides incentives to reduce carbon gas emissions at over 11,000 power plants and manufacturing units across 31 countries in the region. The scheme will play an important role in increasing emission control catalyst use over the next eight year.

Market Share insights on Emission Control Catalyst

Due to the availability of R&D infrastructure and easy access to equipment, key industry players are expected to keep production units close to the U.S., Germany and UK. Major manufacturers of emission reduction catalysts include BASF and Johnson Matthey. Solvay S.A. is Umicore SA and Corning Incorporated.

These companies supply products to major automotive catalytic converter producers, including Faurecia and SMPE, Magneti marelli, and Tenneco. The potential for growth in the automotive industry in China and India, Indonesia, Malaysia, Thailand, and Malaysia is expected to drive market players to invest more in Asia Pacific.

Up Market Research published a new report titled “Emission Control Catalyst Market research report which is segmented by Application (Automotive, Industrial), by Product (Rhodium, Palladium, Platinum), By Players/Companies Corning Incorporated, Johnson Matthey, BASF, Umicore SA, Solvay SA”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Emission Control Catalyst Market Report Segments:

The market is segmented by Application (Automotive, Industrial), by Product (Rhodium, Palladium, Platinum).

Emission Control Catalyst Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Emission Control Catalyst Market

Overview of the regional outlook of the Emission Control Catalyst Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Emission Control Catalyst Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Emission Control Catalyst Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Automotive

                2. Industrial

                1. Rhodium

                2. Palladium

                3. Platinum

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Emission Control Catalyst Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Emission Control Catalyst Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.