According to a new market report published by Lucintel, the future of the emission control catalysts market looks promising with opportunities in transportation, industrial, marine, and locomotive/rail industries. The emission control catalysts market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $16.3 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are stringent government regulation towards environmental protection, growth in the transportation & industrial sectors, and increasing demand for the diesel oxidation catalysts.
Browse 100 market data tables and 132 figures spread through 207 pages and in-depth TOC on “Emission Control Catalysts Market"
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In this market, palladium, platinum, and rhodium metals are used for manufacturing emission control catalysts. Lucintel forecasts that palladium will remain the largest segment and it is also expected to witness highest growth during the forecast period due to excellent catalytic properties such as low cost, high melting point, high density, and corrosion & oxidation resistance.
Within the emission control catalysts market, transportation will remain the largest segment and it is also expected to witness the highest growth during the forecast period due to increasing vehicle production and emission regulations in the European and North American region.
Europe will remain the largest market over the forecast period due to stringent emission regulations like Euro 6, and increasing vehicle production. Lucintel predicts that Asia Pacific is expected to witness the highest growth over the forecast period supported by growing transportation and industrialization sectors especially in India and China.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for new cold start concept catalyst and increasing usage of four-way catalysts. Johnson Matthey, BASF, Umicore, Corning Incorporated, Clean Diesel Technology, DCL International, and Solvay are among the major manufactures of emission control catalysts.
Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the emission control catalysts market by application, by vehicle type, by metal type, by fuel type, by mobility, and by region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Emission Control Catalysts Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the emission control catalysts market by application, vehicle type, metal type, fuel type, mobility, and region as follows:
By Application [Value ($M) shipment analysis for 2014 – 2025]:
Transportation
Industrial
Others
By Mobility [Value ($M) shipment analysis for 2014 – 2025]:
Mobile Emission Control Catalysts
Stationary Emission Control Catalysts
By Metal Type [Value ($M) shipment analysis for 2014 – 2025]:
Palladium
Platinum
Rhodium
Others
Transportation Market by Vehicle Type [Value ($M) shipment analysis for 2014 – 2025]:
Light-Duty Vehicles
Heavy-Duty Vehicles
Transportation Market by Fuel Type [Value ($M) shipment analysis for 2014 – 2025]:
Diesel Vehicles
Gasoline Vehicles
By Region [Value ($M) shipment analysis for 2014 – 2025]:
North America
Europe
Germany
Spain
France
United Kingdom
Russia
Asia Pacific
China
Japan
India
South Korea
Thailand
The Rest of the World
Brazil
Turkey
Iran
South Africa
This 207-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/gelcoat-market.aspx or helpdesk@lucintel.com.
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