Press release
Emission Control Catalysts Market is Anticipated to Expand upto $45.22 Billion in 2029
Emission Control Catalysts
What Is the Forecasted Market Growth Rate of the Emission Control Catalysts Industry?
The market size for emission control catalysts has experienced robust growth in the past few years. The market value is set to increase from $27.01 billion in 2024 to $29.48 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%. The rise during the historical period is credited to factors such as strict emission guidelines, expanded vehicle ownership, surge in industrial emissions, heightened public consciousness, and the advancement of the automotive industry.
How Will the Emission Control Catalysts Market Size Evolve From 2025 to 2029?
The market for emission control catalysts is projected to expand rapidly over the coming years, reaching a total worth of $45.22 billion by 2029, with an annual growth rate of 11.3%. This expected growth during the forecast period is due to factors such as increased production of green hydrogen, large scale industrial decarbonization, a rise in renewable fuels, escalating urbanization and concerns over air quality, and a surge in international contracts. During this period, the market trends anticipated to emerge include diesel emission control, regulations for zero-emissions, selective catalytic reduction (SCR) technology, implementation of on-board diagnostics (OBD) systems, and adoption of integrated systems.
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What Are the Main Growth Drivers in the Emission Control Catalysts Market Today?
The market for emission control catalysts is experiencing significant growth, largely due to strict regulations aimed at curbing air pollution. Higher emission levels are largely a result of rapid urbanization and industrialization. Government bodies are increasingly concerned about the harmful impact air pollution has on both the environment and public health, which has led to the establishment of regulations to limit air pollution. As a result, there has been an increased demand for emission control catalysts in the exhaust systems of industrial machinery and vehicles. For example, the United Nations Environment Programme (UNEP), a US-based government entity, stated in September 2023 that air pollution globally is the largest environmental risk to public health, causing over 8 million premature deaths annually. Thus, the strict measures put in place to manage air pollution are anticipated to drive the growth of the emission control catalysts market in the future.
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Which Emission Control Catalysts Market Segment Is Expected to Lead Through 2029?
The emission control catalysts market covered in this report is segmented -
1) By Product: Palladium-based ECC, Platinum-based ECC, Rhodium-based ECC, Other Products
2) By Fuel Type: Diesel Vehicles, Gasoline Vehicles
3) By Application: Mobile Emission Control Catalysts, Stationary Emission Control Catalysts
4) By End User: Automotive and Transportation, Chemical Industry, Oil and Gas Industry, Mining Industry, Power Industry, Other End Users
Subsegments:
1) By Palladium-based ECC: Palladium Catalyst for Gasoline Engines, Palladium Catalyst for Diesel Engines
2) By Platinum-based ECC: Platinum Catalyst for Gasoline Engines, Platinum Catalyst for Diesel Engines
3) By Rhodium-based ECC: Rhodium Catalyst for Gasoline Engines, Rhodium Catalyst for Diesel Engines
4) By Other Products: Mixed Metal Catalysts, Base Metal Catalysts, Catalyst Supports and Carriers
Which Market Trends Are Expected to Dominate Emission Control Catalysts Industry Growth?
In the Emission Control Catalysts market, leading firms are striving to create innovative strategies such as automotive emissions control solutions that aim to minimize harmful pollutants including nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC). This involves technology and systems specifically designed to lower or eradicate hazardous emissions from vehicles. For example, Boff Catalyst India Mountain. Ltd., a chemicals manufacturing enterprise based in India, launched a fresh Research, Development, and Application (RD&A) laboratory, in August 2024, with a focus on bettering automotive emissions control solutions. The modern facility aims to produce breakthrough catalyst technologies adhering to strict emission standards like Euro 7 and Bharat Stage VI (BS6). Equipped with advanced testing capabilities, the lab will be able to carry out comprehensive validation procedures for varied catalysts used in petrol and diesel engines.
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Which Companies Hold the Largest Market Share in the Emission Control Catalysts Sector?
Major companies operating in the emission control catalysts market include BASF SE, Johnson Matthey plc, Clariant AG, Honeywell International Inc., Tenneco Inc., Cataler Corporation, Heraeus Holding GmbH, Bosal Industries Ltd., Innovative Emissions Control Inc., DCL International Inc., Albemarle Corporation, Interkat Catalyst GmbH, Royal Dutch Shell plc, Sinocat Environmental Technology Co. Ltd., Zeolyst International Inc., Umicore SA, Solvay S.A., Corning Incorporated, Hitachi Zosen Corporation, Kunming Sino-Platinum Metals Catalyst Co. Ltd., Nett Technologies Inc., NGK Insulators Ltd., Clean Diesel Technologies Advanced Materials Inc., Eberspaecher Group, Emitec Technologies India Private Limited, Faurecia India Pvt. Ltd., Hug Engineering AG, Katcon Global S.A. de C.V., Fabbrica Italiana Magneti Marelli, Walker Manufacturing Company, Yara International ASA
Where Is the Emission Control Catalysts Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the emission control catalysts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the emission control catalysts market during the forecast period. The regions covered in the emission control catalysts market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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