Emission Control Catalyst Market 2021 Is Booming Across the Globe by Share, Growth, Segments and Forecast to 2031

According to ESOMAR-certified consulting firm Future Market Insights’ (FMI), the global emission control catalyst market is projected to rise at above 10% CAGR, surpassing the market valuation of US$ 20.06 Bn during the forecast period 2021-2031.

Expansion of the automotive industry, coupled with implementation of stringent government regulations regarding toxic gas emissions from vehicles and industries, is bolstering the demand for emission control catalysts.

Increasing adoption of energy and fuel-efficient vehicles in developed regions such as the U.S., Germany and the U.K. will further boost the market growth in the upcoming decade.

The rising demand for lightweight passenger vehicles in developing regions such as China, Japan, India and Brazil will provide lucrative opportunities to the manufacturers operating in the market.

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Key Takeaways from FMI’s Emission Control Catalyst Market Study

  • Palladium-based catalyst will dominate the product segment throughout the forecast period.
  • Demand in mobile equipment is anticipated to rise at a higher pace.
  • The U.S. will showcase high demand for emission control systems due to rising automobile sales.
  • The U.K. will emerge as a leading emission control catalyst market owing to implementation of stringent regulations and the presence of leading players.
  • Rising population and increasing adoption of new-energy vehicles across the country will bolster sales in China.
  • South Korea and Japan will account for approximately 7.50% of the total market share.

Growing consumer preference towards energy-efficient vehicles, coupled with stringent government regulation regarding emissions will fuel the growth,” says the FMI analyst.

Competitive Landscape

Johnson Matthey, BASF SE, Haldor topsoe, Umicore, Corning Inc., Clariant AG, Zeolyst International, Heraeus Holding, Solvay SA, Cormetech, NGK Insulators Ltd., Aristo Global, Nett Technologies Inc. are some key players operating in the emission control catalyst market.

As per FMI’s analysis, key players are focusing on thorough research and development to enhance and expand their product portfolio.

Major players are also establishing tie-ups and targeting mergers and acquisitions with regional players for the expansion of their company, along with innovations in design and efficiency of their product range. For instance

  • In March 2019, Johnson Matthey launched a newly developed automatically regenerating Active DPF diesel particulate filter (DPF) system for stationary diesel engines, adding to the company’s robust portfolio.
  • In December 2018, the BASF SE opened a new site in Pudong, Shanghai, China for the product of its mobile emission catalysts, expanding the facility by more than 30,000 square meter to support the increased production.

More Insights on the Global Emission Control Catalyst Market

In its latest report, FMI offers an unbiased analysis of the global emission control catalyst market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (diesel based emission catalyst, diesel oxidation catalyst (DOC), selective catalytic reduction catalyst (SCR), catalyzed soot filter/ diesel particulate filter, ammonia oxidation catalyst (AMX), NOx absorbers, gasoline based emission catalyst, palladium based catalyst, rhodium based catalyst, platinum based catalyst), application type (mobile equipment, heavy duty vehicles, off road vehicles, passenger cars & light duty vehicles, motorcycles, scooters and three wheelers, gardening equipment, stationary equipment, industrial engines, generators, off road equipment), end use (OEM, retrofit), pollutant type (Nox, CO, hydrocarbons or volatile organic compounds, HC/VOC, HAPs, diesel particulate matter (DMP), NH3 ammonia) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan and Middle East & Africa)

Scope of Report

AttributeDetails
Forecast Period2021-2031
Historical Data Available for2016-2020
Market AnalysisUSD Million for Value
Key Countries CoveredUS, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments CoveredProduct Type, Application Type, End Use, Pollutants, and Region
Key Companies ProfiledJohnson Matthey BASF SE Haldor topsoe Umicore Corning Inc. Clariant AG Zeolyst International Heraeus Holding Solvay SA Cormetech NGK Insulators, Ltd. Aristo Global Nett Technologies Inc. Others
Report CoverageMarket Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & PricingAvailable upon Request

Key Questions Answered in the Report

  • What is the current emission control catalyst market value? The emission control catalyst market is valued at approximately US$ 8,070 in 2021.
  • At what rate did the emission control catalyst market grow between 2016 and 2020? The emission control catalyst market registered a sluggish growth at 1% CAGR between 2016 and 2020.
  • What will be the demand outlook for North America in the emission control catalyst market? Emission control catalyst demand in North America is set to rise at around 7.20% CAGR over the forecast period 2021 to 2031.
  • What are the key factors driving emission control catalyst sales? Growing production and sales of diesel engine vehicles and stringent government regulations regarding emission control are the key drivers augmenting sales.
  • Which is the top-selling emission control catalyst type?  Palladium-based catalyst will be the top-selling productowing to high efficiency and low production cost.

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