Emission Control Catalysts Industry Valued at $11.6 Billion by 2029 With CAGR of 46.48% | Size and Share Insights
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#What Is the Forecast for the Emission Control Catalysts Market from 2024 to 2025?#_x000D_
The market for emission control catalysts has seen significant expansion in the past few years. The market value is projected to increase from $27.01 billion in 2024 to $29.93 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.8%. Past growth can be credited to factors such as strict emission rules, a rise in vehicle ownership, surge in industrial emissions, heightened public consciousness, and the expansion of the automotive industry._x000D_
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#What Is the Projected Market Size of the Emission Control Catalysts Market?#_x000D_
The market size of emission control catalysts is anticipated to undergo rapid expansion in the forthcoming years. By 2029, it will surge to $46.49 billion with a compound annual growth rate (CAGR) of 11.6%. Factors contributing to growth during the projection period include the production of green hydrogen, industrial decarbonization, the rise in renewable fuels, increased urbanization and air quality, as well as escalating international agreements. The dominant trends projected in the forecast period are diesel emission control, zero-emission regulations, the use of selective catalytic reduction (SCR) technology, on-board diagnostics (OBD) systems, and the utilization of integrated systems._x000D_
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#Who are the Major Competitors in the Emission Control Catalysts Market Outlook?#_x000D_
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_x000D_
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#What Is Fueling Growth in the Emission Control Catalysts Market?#_x000D_
The market for emission control catalysts is notably expanding due to strict laws aiming to control air pollution. Rapid urbanization and industrialization are the primary causes of air pollution, generating high amounts of emissions in our surroundings. Governments worldwide are expressing deep concern over the negative impacts of air pollution on both public health and the environment, leading to the implementation of regulations to curb air pollution. This, in turn, has boosted the application of emission control catalysts in industrial machinery and vehicle exhaust systems. For example, the United States-based United Nations Environment Programme (UNEP) reported in September 2023 that air pollution is the most significant environmental risk to global public health, causing over 8 million premature deaths annually. Consequently, these robust regulations aiming to control air pollution are predicted to drive the growth of the emission control catalyst market in the future._x000D_
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#Which Emission Control Catalysts Market Segments Are Growing the Fastest?#_x000D_
The emission control catalysts market covered in this report is segmented –_x000D_
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1) By Product: Palladium-based ECC, Platinum-based ECC, Rhodium-based ECC, Other Products_x000D_
2) By Fuel Type: Diesel Vehicles, Gasoline Vehicles_x000D_
3) By Application: Mobile Emission Control Catalysts, Stationary Emission Control Catalysts_x000D_
4) By End User: Automotive and Transportation, Chemical Industry, Oil and Gas Industry, Mining Industry, Power Industry, Other End Users_x000D_
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Subsegments:_x000D_
1) By Palladium-based ECC: Palladium Catalyst for Gasoline Engines, Palladium Catalyst for Diesel Engines_x000D_
2) By Platinum-based ECC: Platinum Catalyst for Gasoline Engines, Platinum Catalyst for Diesel Engines_x000D_
3) By Rhodium-based ECC: Rhodium Catalyst for Gasoline Engines, Rhodium Catalyst for Diesel Engines_x000D_
4) By Other Products: Mixed Metal Catalysts, Base Metal Catalysts, Catalyst Supports and Carriers_x000D_
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#What Strategic Trends Are Transforming the Emission Control Catalysts Market?#_x000D_
Prominent firms active in the Emission Control Catalysts industry are prioritising the creation of inventive resolutions, including automotive emissions control solutions to mitigate detrimental pollutants like nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC). These solutions are systems and technologies built to diminish or eradicate damaging emissions from vehicles. For instance, Boff Catalyst India Mountain. Ltd, an Indian chemical production business, declared in August 2024 that it launched a fresh Research, Development, and Application (RD&A) lab tasked with improving automotive emissions control solutions. This state-of-the-art infrastructure plans to develop unique catalyst technologies that satisfy stringent emission standards, such as Euro 7 and Bharat Stage VI (BS6). Thanks to its advanced testing capacities, the lab will perform exhaustive validation processes for different catalysts utilized in gasoline and diesel engines._x000D_
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#Which Countries Are Leading the Emission Control Catalysts Market?#_x000D_
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._x000D_
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#This Report Delivers Insight On: #_x000D_
1. How big is the emission control catalysts market, and how is it changing globally?_x000D_
2. Who are the major companies in the emission control catalysts market, and how are they performing?_x000D_
3. What are the key opportunities and risks in the emission control catalysts market right now?_x000D_
4. Which products or customer segments are growing the most in the emission control catalysts market?_x000D_
5. What factors are helping or slowing down the growth of the emission control catalysts market?_x000D_
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