Emission Control Catalyst Market Size, Share & Industry Analysis, By Type (Palladium based, Platinum-based, Rhodium based, Others), By Application (Mobile sources {On-Road, Off-Road} Stationary source) and Regional Forecast, 2024-2032

Emission control catalysts are used in catalytic convertors in order to reduce harmful emissions in the environment. Growing environmental concerns lead to the adoption of new materials, methods, processes, and technologies by the market players. To control a number of emissions is the top priority of governments, commercial, and industrial sectors. Catalysts for pollution control are used in catalytic converters to reduce the toxic carbon emissions. Growing environmental issues drive industry leaders to promote new products, approaches, systems, and technology. Regulation of a number of pollutants is the top priority of states, companies, and industry sectors.

Rising awareness of growing carbon emissions in the automobile industry and stringent air pollution management standards are expected to fuel the global demand for the market. Catalyst for pollution management allows dissolution of solid particulates in heavy equipment and transportation vehicle engine exhaust systems to reduce the toxic emissions in the environment; this positively affects the sector.

However, low availability of platinum metals, expanded use in jewelry and building applications could lead to price rises that could hamper the global market.

Market Segmentation:

Based on type, the market for emission control catalyst  further segmented into palladium based ecc, platinum-based ecc, rhodium based ecc and others. Based on application, the market for emission control catalyst is further segmented into mobile sources and stationary source. Mobile source is further segmented into on-road and off-road . From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global emission control catalyst market  is fairly fragmented, with a number of global & regional players operating. Some of the key players in the emission control catalyst market  market includes BASF SE, Johnson Matthey, Umicore, Corning, Solvay, Tenneco Inc., Cataler Corporation, Heraeus, Holdor Topsoe, Aristo Intelligent Catalyst Technology and others

Segmentation

Emission Control Catalyst Market Developments

• In March 2019, Johnson Matthey introduced a groundbreaking Activ DPF diesel particulate filter (DPF) system for stationary diesel engines which is instantly regenerated. This would continue to provide renewable electricity, without a filter management device relying on. This latest technology would help the company satisfy the demands of automotive industry customers.


• In May 2019, Corning has opened a new manufacturing plant in China. The new Hefei plant is fitted with initial development focused on fulfilling consumer demands for the company's gasoline particulate filter (GPF) product line, Corning DuraTrap GC filters, for processing substrates and particulate filters for vehicle pollution control. It will help the company meet rising ECC demand.