Emission Control Catalyst Market

2021 Analysis and Review: Emission Control Catalyst Market by End User – Original Equipment Manufacturers (OEMs) and Retrofit for 2021-2031

Emission Control Catalyst Market Snapshot

As per Future Market Insights (FMI) analysis, the global emission control catalyst market is anticipated to expand at a 6.50% compound annual growth rate (CAGR) during the forecast period 2021-2031. The market valuation is projected to exceed US$ 8,070 Mn by 2031, registering the sales of 23,22,736 tons of emission control catalysts in 2021.

Owing to strict regulations implemented by the government regarding emission control, the U.K is anticipated to emerge as the most lucrative market, expanding at around 8.90% CAGR through the forecast period.

Key Points Covered in Emission Control Catalyst Market Survey

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Emission Control Catalyst Market market and how to Navigate
  • Recommendation on Key Winning Strategies

Emission Control Catalyst Market Historic Sales Compared to 2021-2031 Forecast Outlook

Demand for emission control catalysts increased at a healthy pace during the historical period in order to curb the rate of toxic emissions from heavy duty & light duty vehicles and various industrial facilities.

However, growth registered by the market stunted in 2020 due to the negative impact of the unprecedented pandemic outbreak. As per the study, the market exhibited year on year growth at over 2.1%.

Emission control catalysts efficiently decreases the toxic emissions from vehicles and harmful effects caused by nitrogen oxide and hydrocarbons. Stringent emission regulations implemented across the globe have compelled industries and manufacturers to emphasize their emission control activities.

Increasing production of vehicles and marine vessels, coupled with the rising penetration of automobiles, especially in developing regions will be the key factor fuelling demand for emission control catalysts.

As per the study by ESOMAR-certified consulting firm Future Market Insight (FMI), the demand for emission control catalysts will surge globally, reaching the sales of 41,66,667 tons in 2031.

What is the Impact of Emission Control Norms on Market?

In the last few years, governments in several countries across Europe, especially in Western Europe have pledged to reduce toxic emissions from vehicles and industries, thereby increasing the demand for energy-efficient emission control catalysts.

The European Union (EU) has imposed legislation to reduce emission by 40% by the end of 2030, as a part of the EU's 2030 climate and energy framework and current contribution to the Paris Agreement.

According to projections, if the national policies are fully implemented, the greenhouse emission will be approximately 45% lower as compared to 1990 levels. The commission is preparing to come forward with the proposal by July 2021. 

In order to track the progress, the Commission publishes its annual climate action progress report which is reported regularly to the UN.

The European Union has different emission standards for petrol and diesel vehicles as well. The air quality for lightweight vehicles is set at EURO 6, and EURO5 and EURO 6 for heavy vehicles.

Such initiatives undertaken by governments across various regions will emerge as a chief growth driver.

How will Expanding Automotive Sector Affect Emission Control Catalyst Sales?

Despite the unstable economic conditions, the global automotive industry is anticipated to register sustainable growth in terms of demand and sales backed by the growing adoption of diesel engine vehicles. This will create a positive outlook for the emission control catalysts market.

Expansion of the automotive sector in emerging countries can be attributed to the rising popularity of lightweight vehicles. The demand for passenger vehicle also will continue rising in as India, China, Brazil, and other emerging markets, bolstering the scope for increasing automotive production.

The increasing sales, steered by the growing population and rising disposable income, will further providing lucrative opportunities for emission control catalyst manufacturers.

Besides this, implementation of stringent government regulations will push sales of automotive telematics, emission control catalysts, and other equipment often integrated to curb vehicular emission.

Asia Pacific has emerged as a lucrative ground for various global market players operating in the market, with South Korea and Japan accounting for approximately 7.50% of the market share.

The region offers easy access to raw material at comparatively lower operational costs. As a result, several key players are entering into long-term supply agreements with regional vendors to acquire a competitive edge in the market.

High Raw Material Prices to Hinder Growth

Increase in the prices of raw materials prices used in the production of emission control catalyst has made it difficult for manufacturers to maintain sustainable growth in the market.

To maintain a strong foothold in the highly competitive market, manufacturers are adding additional costs to the consumers, which is affecting sales.

Surge in the prices of platinum and rhodium metals, used in emission control catalysts, are also expected to pose a challenge for the manufacturers, compelling them to find ways to save cost incurred by implementing sustainable manufacturing practices.

However, focus on sustainable manufacturing for the cost-effective prices of raw material is anticipated to widen the growth opportunities for market players.

Country-wise Insights

How is the Emission Control Catalyst Market Expanding in the U.S.?

The demand for emission control catalyst is projected to rise considerably in the U.S. during the forecast period. The presence of numerous oil, gas, and power-producing facilities, coupled with a large number of on-road and off-road automobiles will drive sales in the country.

As per the regulations imposed by the United States Environmental Protection Agency (EPA) under the Pollution Prevention Act, manufacturers and industries are required to keep the pollution and emission levels in check and must ensure the safe disposal of toxic wastes.

According to FMI’s analysis, the emission control catalyst market in North America will expand at over 7.20% CAGR during the forecast period. Stringent rules implemented by the government have further encouraged manufacturers to adopt the usage of emission control catalysts in automobiles.

Additionally, increasing investments in research and development and improvements in the design and performance of emission control catalysts will further bolster sales in the market.

Strict Emission Laws in the U.K. to Improve Market Growth

According to FMI's analysis, the U.K. will witness steady growth in the emission control catalyst market. To control the harmful emission from on-road vehicles, the U.K. government have decided to set an ambitious target to reduce emission by 78% in comparison to 1990 levels, 2035. The information was recently published by the Department for Business, Energy & Industrial Strategy, Prime Minister’s Office.

The government has already started laying the foundation stones to reduce emissions across the U.K. by 2050, starting with effective strategies like on-road vehicle testing and supporting industries to decarbonize while creating long-term sustainable operations and green jobs.

With the implementation of such laws, leading automobile manufacturers in the region are compelled to come up with technologically advanced emission control systems.  This will in turn increase the demand and sales of emission control catalysts in the region.

Demand for Energy-Efficient Vehicles Driving Sales in China

Being one of the largest automotive manufacturing countries in the world, China is expected to witness high demand for emission control catalyst. This is attributable to the growing population, improving living standards, and increasing per capita income.

China also abides by strict emission control laws regarding vehicles and industries. According to the Air Law in China, pollutants discharged by vehicles, vessels, and machinery should not surpass the stipulated emission standards and the sale of such vehicles and machinery is also prohibited.

Owing to the growing sales of automobiles in the country and measures adopted to promote the use of energy-efficient and new-energy vehicles, the emission control catalyst market is anticipated to register healthy growth throughout the forecast period.

Increasing Automobile Production and Sales will Drive Growth in India

India accounts for a large share in the global automotive industry, with 3.49 million units sold in passenger and commercial vehicles in 2020, as per the report of India Brand Equity Foundation. Being a strong auto exporter, India will exhibit high demand for emission control catalyst in the upcoming decade.

Presence of some of the leading market players in the country, as well as growing demand for lightweight, fuel-efficient vehicles, are key factors supporting the growth in the demand for emission control catalysts.

With recent policies such as National Clean Air Programme (NCAP) launched by the government to tackle air pollution in the country, manufacturers are making a conscious effort to enhance the emission control catalyst systems.

Category-wise Insights

Why is Palladium-Based Catalyst the Most-Preferred Type?

According to type, the palladium-based catalyst segment will dominate the market during the forecast period, owing to its emission controlling properties, especially in the case of hydrocarbons. Additional qualities include low cost, high density, high melting point and resistance to corrosion and oxidation.

Platinum-based and rhodium-based catalysts are also anticipated to register high demand as they are efficient in controlling COx and NOx emissions.

Which is the Primary Application of Emission Control Catalyst?

In terms of application, the mobile equipment segment is expected to show high demand due to increasing applications of emission control catalysts in automobiles.

Application of emission control systems in passenger cars, lightweight and heavyweight vehicles, two-wheelers, and three-wheelers will augment the market growth.

Also, implementation of stringent emission control laws in several countries have compelled manufacturers to use advanced emission control systems in the production of heavy duty, passenger, on-road and off-road vehicles. This is a key factor bolstering the growth of the emission control catalyst market.

Competitive Landscape

According to FMI’s analysis, the top 5 key players operating in the market are Johnson Matthey, BASF SE, Umicore, Solvey and Heraeus Holding. These companies account for approximately 60% of the overall market share. 

Leading manufactures focusing on research and development to produce efficient and technologically advanced products to gain a competitive edge in the market.

They also are trying to expand their product portfolio by incorporating various technologies and launching new products. For instance:

  • In May 2019, Corning opened a new manufacturing site in Hefei, China, to facilitate the production of substrates and particular filters for automotive emission control. The production facility is also focusing on the production of the company’s gasoline particular filter (GPF) product line to meet the customer demand.
  • In March 2019, Johnson Matthey launched a newly developed automatically regenerating Active DPF diesel particulate filter (DPF) system for stationary diesel engines. The new system delivers clean energy without depending on a filter monitoring system.
  • 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 meters to support the increased production.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Countries Covered

US, 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 Covered

Product Type, Application Type, End Use, Pollutants, and Region

Key Companies Profiled

  • 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.
  • Others

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available 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.

  • Who are the key exporters of emission control catalysts?

    U.S., Germany, China, and Japan are the key exporters of emission control catalysts.

  • Which countries are the top producers in the emission control catalyst market?

    The U.S., Germany, China and Japan are the top producers in the emission control catalyst market.

  • Who are the leading players in the emission control catalyst market?

    The top 5 leading players in the emission control catalyst market are Johnson Matthey, BASF SE, Umicore, Solvay and Heraeus Holdings. They currently account for nearly 60% of the overall market.

  • At what rate will the Europe emission control catalyst market rise?

    The Europe market is expected to rise at 8.9% CAGR between 2021 and 2031.

  • What are the key statistics for Japan and South Korea emission control catalyst markets?

    South Korea and Japan are expected to account for nearly 7.5% of the global market in 2021.

Emission Control Catalyst Market by Category

By 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 Adsorbers
  • Gasoline Based Emission Catalyst
  • Palladium based catalyst
  • Rhodium based catalyst
  • Platinum based catalyst

By Application

  • 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

By End Use

  • OEM
  • Retrofit

By Pollutant Type

  • Nox
  • CO
  • Hydrocarbons or Volatile Organic Compounds -
  • (HC/VOC)
  • HAPs
  • DPM (Diesel Particulate Matter)
  • NH3 (Ammonia)

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia Pacific
  • MEA

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