The global emission control catalysts ECCs market is projected to grow at a CAGR of 4.6% during the forecast period, from 2021-2028. The major drivers for this growth are stringent emissions regulations and growing concerns about air pollution in developing countries.
Emission control catalysts ECCs are chemical products that reduce emissions from automobiles and commercial vehicles by accelerating the oxidation process in a vehicle’s exhaust system. These chemicals react with nitrogen oxides (NOx) to produce harmless nitric acid, water vapor, and oxygen. ECCs are a kind of chemical substance that catalyzes the reaction between hydrocarbons and nitrous oxide in order to reduce emissions. There are three main types of emission control catalysts: palladium, platinum, and rhodium.
On the basis of type, the emission control catalysts are segmented into palladium, platinum, and rhodium.
Palladium catalysts are used in the control of emission, which is toxic for humans. It can be found as a useable gas or liquid. Palladium catalysts work by reducing emissions from cars and buses to zero-emission vehicles. They can also be used with diesel engines that produce large amounts of nitrogen oxide (NOx). Palladium catalysts provide better durability than platinum and they also have higher heat tolerance but costs more than platinum.
Platinum is a metal with an atomic number of 78. Platinum emits very few pollutants, which makes it the perfect catalyst for carbon monoxide and hydrocarbons. In emission control systems this ensures that these emissions are reduced to levels that comply with regulations set by governments worldwide. These catalysts can be used in mobile or stationary applications where they work equally well at reducing harmful gases from vehicles and industrial processes respectively.
Rhodium is a rare, hard metal. It has the highest melting point of all metals and is extremely resistant to corrosion or tarnish from air or water. Rhodium catalysts are used in manufacturing as chemical intermediates for olefin products such as polymers, detergents, and paints. They also come in handy when making ammonia gas because they can help transform nitrogen into an active hydrogen atom.
The benefits of Rhodium are that it is more expensive than Palladium and Platinum, but less so than Ruthenium. The emission control catalyst content in a vehicle’s exhaust system can be increased to address the high levels of NOx emissions without significantly affecting fuel economy. This makes Rhodium an attractive choice for automakers as they work towards meeting tougher environmental standards set by governments around the world.
On the basis of application, the global emission control catalysts market is segmented into mobile emission control application (OEM) and stationary emission control application (EPC).
Mobile Emission Control Application is the application of catalytic converters in automobiles. Catalytic Converters are mainly used to reduce harmful emissions like CO, HC and NOx emitted from petrol engines during the combustion process by changing these into less or noxious substances such as carbon dioxide (CO₂), water vapor/H²O and nitrogen oxide (NO). It can be a stand-alone device installed on an exhaust system downstream of the engine's own emission control devices for post-combustion pollution reduction. Such a system is also known as a "three-way" converter because it simultaneously reduces three types of pollutants: hydrocarbons (.HCs.), oxides of Nitrogen (.NOx) and Carbon Monoxide (/CO/.
Mobile emission control is the process of reducing vehicle emissions. Emission controls are techniques to reduce or remove air pollutants from the exhaust gases created by burning fuel in an engine. Mobile emission control applications include on-board diagnostics (OBD), selective catalytic reduction, and evaporative gasoline vapor recovery technology for large gasoline engines like those found in tractors, buses, and construction equipment as well as heavy-duty diesel engines such as those used in locomotives and marine vessels.
Stationary emission control application (EPC) is a type of stationary catalytic converter that helps to reduce the emissions coming from industrial sources and power plants. As per research, in 2020 there were more than 500 million tons of NOx released into the air by coal-fired units alone. This process converts nitrogen oxides present in gaseous form to nitric acid which can be stored or used for commercial purposes like fertilizers etc.
The stationary emission control application is the use of ECPs in industries that have their own dedicated power plant. These industries are primarily involved with the production of chemicals and steel, where they produce large quantities of substances like sulfur dioxide, nitrogen oxides, and ammonia which requires a catalyst to reduce them down into less harmful products before being released into the environment. Stationary emission control catalysts typically require higher activity than mobile emissions due to how much gas needs to be processed at any given time, so it's common for these systems to include two or more different types of catalyst in order to quickly react when one type becomes saturated.
On the basis of region, the global emission control catalysts market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to account for a major share in the emission control catalysts market owing to the increasing vehicle population which leads to an increase in demand for emission control.
The growth factors for the emission control catalysts market are increasing demand and strict regulations on emission control. Global automotive production is expected to grow at an annualized rate of around four percent over the next five years, which will stimulate a higher need for ECCs in automobiles. In addition, stricter legislation due to environmental concerns such as carbon dioxide emissions may be driving up the demand for these products globally.
The growth of the global emission control catalysts ECCs is attributed to the increasing number of automobiles and vehicles on roads, rising awareness about environmental protection from governments. The key drivers for this trend are greenhouse gas emissions reduction programs, government regulations, local air quality standards, increased competitiveness, clean-up costs, and others.
Up Market Research published a new report titled “Emission Control Catalysts ECCs Market research report which is segmented by Types (Palladium Catalyst, Platinum Catalyst, Rhodium Catalyst), By Applications (Mobile Emission Control Application, Stationary Emission Control Application), By Players/Companies Basf, Cataler, Clariant, Johnson Matthey, Umicore”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Emission Control Catalysts ECCs Market Research Report|
|By Type||Palladium Catalyst, Platinum Catalyst, Rhodium Catalyst|
|By Application||Mobile Emission Control Application, Stationary Emission Control Application|
|By Companies||Basf, Cataler, Clariant, Johnson Matthey, Umicore|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||222|
|Number of Tables & Figures||156|
|Customization Available||Yes, the report can be customized as per your need.|
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.
The market is segmented by Type Palladium Catalyst, Platinum Catalyst, Rhodium Catalyst and By Application Mobile Emission Control Application, Stationary Emission Control Application.
Some of the companies that are profiled in this report are:
Emission Control Catalysts ECCs 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.
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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.
We have studied the Emission Control Catalysts ECCs 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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