USD 50.04 Billion
Emission Control Catalysts Market Size, Share, and Growth Analysis
Emission Control Catalysts Market By Metal Type (Platinum, Palladium, Rhodium, Other Metals), By Application (Mobile Emission Control Catalysts, Stationary Emission Control Catalysts), By End-User Industries (Automotive, Industrial and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2336 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
63
|Figures:
75
Format -
Emission Control Catalysts Market Insights
Emission Control Catalysts Market size was valued at USD 50.04 Billion in 2023 and is poised to grow from USD 53.49 Billion in 2024 to USD 91.23 Billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
The growing awareness of the environmental impact of industrial emissions and the implementation of strict emission regulations are driving the demand for emission control catalysts in the industrial sector. The increasing stringency of emission regulations imposed by governments worldwide aim to reduce air pollution and mitigate the adverse effects of emissions on human health and the environment. As a result, industries and automotive manufacturers are compelled to adopt emission control catalysts to meet the regulatory standards, thereby driving emission control catalysts market growth.
The automotive sector is a significant contributor to the emission control catalysts market. With the rising number of vehicles on the road, there is a growing need to control and reduce emissions from combustion engines. Catalytic converters, which contain emission control catalysts, help in converting harmful gases such as nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC) into less harmful substances. The increasing production of automobiles, particularly in emerging economies, is expected to fuel the demand for emission control catalysts in the automotive sector.
Industries such as power generation, chemicals, and manufacturing release pollutants during their operations. Emission control catalysts, such as selective catalytic reduction (SCR) catalysts, are used to reduce NOx emissions from industrial exhaust streams.
US Emission Control Catalysts Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Platinum-based catalysts
Fastest Growth
Growth Rate
6.9% CAGR
Global Emission Control Catalysts Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Emission Control Catalysts Market Segments Analysis
Emission Control Catalysts Market is segmented by metal type, application, end-user industry and region. Based on metal type, the market is segmented into platinum, palladium, rhodium and other metals. Based on application, the market is segmented into mobile emission control catalysts and stationary emission control catalysts. Based on end user industry, the market is segmented into automotive, industrial and other end-user industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Emission Control Catalysts Market Analysis by Type
In the global Emission Control Catalysts market, platinum-based catalysts have traditionally been the most dominant type. Platinum-based catalysts offer excellent catalytic properties, high activity, and durability, making them widely used in automotive emission control systems. These catalysts are effective in reducing harmful emissions, such as nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC), from gasoline and diesel engines.
On the other hand, palladium-based catalysts have emerged as the fastest-growing type in the global emission control catalysts market. Palladium-based catalysts are gaining prominence due to their high catalytic activity, cost-effectiveness, and ability to promote efficient conversion of harmful pollutants into less harmful substances. These catalysts are extensively used in catalytic converters for gasoline vehicles, especially in regions with strict emission regulations.
Emission Control Catalysts Market Analysis by Application
The Automotive sector holds the largest emission control catalysts market share. This dominance can be attributed to stringent emission regulations imposed by governments worldwide to address environmental concerns and reduce vehicle emissions. Emission Control Catalysts play a crucial role in reducing harmful pollutants emitted by automobiles, such as nitrogen oxides (NOx), carbon monoxide (CO), and volatile organic compounds (VOCs). The continuous growth of the automotive industry, coupled with increasing investments in research and development for advanced emission control technologies, has further solidified the dominance of the Automotive sector in the market.
The Industrial sector is experiencing rapid growth in the emission control catalysts market. Industrial processes across various industries, including manufacturing, power generation, and chemical production, emit substantial amounts of pollutants. To comply with strict emission regulations and address environmental concerns, industries are adopting emission control catalysts to mitigate the release of harmful gases and pollutants into the atmosphere. The Industrial sector's increasing focus on sustainable practices, coupled with growing awareness of the detrimental effects of industrial emissions on air quality, has propelled the demand for emission control catalysts industry.
Global Emission Control Catalysts Market By Type
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Emission Control Catalysts Market Regional Insights
Asia Pacific holds a significant share in the emission control catalysts market due to several factors. The region is home to emerging economies such as China and India, which have witnessed rapid industrialization and urbanisation in recent years. With this industrial growth comes an increase in emissions from various sectors, including automotive, power generation, and manufacturing. Stringent environmental regulations and policies aimed at curbing pollution have fueled the demand for emission control catalysts in the region. Additionally, the large population base and growing middle-class population with increasing disposable income contribute to the demand for vehicles, further driving the market for emission control catalysts in Asia Pacific.
On the other hand, Latin America is the fastest-growing region in the emission control catalysts market. The region has been witnessing a rise in environmental awareness, coupled with stricter emission norms implemented by regulatory authorities. Governments across Latin American countries are taking initiatives to reduce emissions and improve air quality, especially in urban areas. This has led to increased adoption of emission control catalysts in the automotive and industrial sectors. Moreover, the growth of the automotive industry and the rising demand for vehicles in countries like Brazil and Argentina are propelling the market for emission control catalysts in the region.
Global Emission Control Catalysts By Geography
- Largest
- Fastest
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Emission Control Catalysts Market Dynamics
Emission Control Catalysts Market Drivers
Expansion of Automotive Industry
- The rapid growth of the global automotive industry acts as a major driver for the emission control catalysts market. With the increasing number of vehicles on the road, there is a simultaneous rise in emissions from automobile exhausts. To address this concern, governments worldwide have implemented strict regulations to limit vehicle emissions. As a result, catalytic converters have become widely adopted in automotive exhaust systems. The demand for emission control catalysts is projected to surge as automotive manufacturers strive to meet these regulatory requirements and improve the environmental performance of their vehicles.
Emission Control Catalysts Market Restraints
Potential for Substitute Technologies
- The emergence of alternative technologies aimed at reducing emissions, such as electric vehicles (EVs), hydrogen fuel cells, and renewable energy sources, poses a potential restraint for the emission control catalysts industry. As these alternative technologies gain momentum and become more commercially viable, there is a possibility of a shift away from traditional combustion engines and exhaust treatment systems. However, it is important to note that emission control catalysts still play a crucial role in the existing vehicle fleet and various industrial sectors. Their demand is expected to persist in the foreseeable future, even as the adoption of substitute technologies grows.
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Emission Control Catalysts Market Competitive Landscape
The emission control catalysts industry is a highly competitive landscape driven by the increasing focus on environmental regulations and the need to reduce harmful emissions from various industries. The emission control catalysts market is characterised by the presence of several key players and a wide range of product offerings. These companies invest heavily in research and development activities to develop innovative catalyst technologies that can effectively reduce emissions and comply with stringent environmental regulations.
Top Players in Emission Control Catalysts Market
- BASF SE
- Johnson Matthey
- Umicore
- Clariant
- Evonik Industries AG
- Tenneco Inc.
- Cataler Corporation
- Heraeus Holding
- Bosal
- CDTI Adavanced Material, Inc.
- Cormetech Inc.
- DCL International Inc.
- Hitachi Zosen Corporation
- IBIDEN Co., Ltd.
- Interkat Catalyst GmbH
- Kunming Sino-Platinum Metals Catalyst Co., Ltd.
- Nett Technologies Inc.
- NGK Insulators, Ltd.
- Shell Global
- Sinocat Environmental Technology Co., Ltd.
Emission Control Catalysts Market Recent Developments
- In May 2023, Johnson Matthey announced the launch of a new range of emission control catalysts for heavy-duty vehicles. The new catalysts are designed to meet the latest emission standards, including Euro 6 and EPA Tier 4 Final.
- In April 2023, BASF announced the expansion of its production capacity for emission control catalysts in China. The expansion is part of BASF's strategy to meet the growing demand for emission control catalysts in the Chinese market.
- In March 2023, Umicore announced the acquisition of a company that specialises in the development and production of emission control catalysts for off-road vehicles. The acquisition is part of Umicore's strategy to expand its product portfolio and reach new markets.
- In February 2023, Clariant announced the launch of a new range of emission control catalysts for marine engines. The new catalysts are designed to meet the latest emission standards, including IMO Tier III.
- In January 2023, NGK Spark Plug announced the launch of a new range of emission control catalysts for gasoline engines. The new catalysts are designed to improve fuel efficiency and reduce emissions.
Emission Control Catalysts Key Market Trends
- Increasing Demand for Environmentally Friendly Catalysts: Governments and regulatory bodies across the globe are imposing stringent emission standards on various industries, particularly the automotive sector. This has led to a rising need for effective emission control catalysts that can reduce harmful pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), and volatile organic compounds (VOCs). As a result, there is a growing focus on developing catalysts that provide higher conversion efficiency, improved durability, and reduced usage of precious metals. Additionally, the shift towards electric vehicles and the growing adoption of hybrid vehicles have also impacted the emission control catalysts industry, creating a demand for catalysts suitable for these alternative propulsion systems.
Emission Control Catalysts Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global emission control catalysts market analysis,, the increasing demand for advanced catalysts in various industries, including automotive, power generation, and manufacturing, is driving market growth. Emission control catalysts play a crucial role in reducing harmful pollutants, such as nitrogen oxides, sulphur oxides, and volatile organic compounds, from industrial sources, thereby mitigating environmental impact. Stricter emission regulations and the need for sustainable industrial practices are key factors propelling the demand for emission control catalysts. The automotive industry is a major contributor to the market, driven by stringent emission standards and the focus on reducing exhaust emissions from vehicles.
Additionally, the power generation sector is adopting emission control catalysts to comply with regulations and reduce air pollution from power plants. Regionally, Asia - Pacific dominates the emission control catalysts market due to its stringent environmental regulations, technological advancements, and the presence of key market players. Latin America is another significant market, driven by strict emission norms and a strong emphasis on environmental sustainability. In the Asia Pacific region, factors such as rapid industrialization, urbanisation, and government initiatives to address environmental concerns are fueling market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 50.04 Billion |
| Market size value in 2032 | USD 91.23 Billion |
| Growth Rate | 6.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Emission Control Catalysts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Emission Control Catalysts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Emission Control Catalysts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Emission Control Catalysts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Emission Control Catalysts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Emission Control Catalysts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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