The global emission control catalyst market size is estimated to reach USD 13964.6 million in 2024. The industry is further anticipated to rise at a CAGR of 8.5% in the evaluation period. The sector is projected to attain a value of USD 31707.5 million by 2034.
Governments and authorities around the world are anticipated to continue enforcing stringent emission control rules for automobiles and industrial facilities. These regulations will likely necessitate the use of advanced and efficient emission control catalysts (ECCs), thereby propelling growth in the market.
Rising awareness regarding environmental protection will also likely result in an increased demand for clean technologies. ECCs play a crucial role in lowering harmful pollutants, thereby making these a desirable solution.
| Attributes | Description |
|---|---|
| Estimated Global Emission Control Catalyst Market Size (2024E) | USD 13964.6 million |
| Projected Global Emission Control Catalyst Market Value (2034F) | USD 31707.5 million |
| Value-based CAGR (2024 to 2034) | 8.5% |
Advancements in technology have the potential to revolutionize the sector by making novel catalyst designs and materials efficient while maintaining lower costs. Electric vehicle regulations mandating minimum levels of recycled materials in EVs are expected to create a rising demand for efficient recycling of used catalysts.
The use of EVs in several parts of the globe is likely to reduce the need for catalysts as these vehicle do not require pollution control systems. Valuable metals like platinum and palladium are essential components of emission catalysts globally.
Fluctuations in the price of these materials can significantly impact production costs. Economic downturns are expected to decrease vehicle sales and industrial activities, thereby impacting the demand for emission control catalysts.
Pollution control catalysts are expected to rise in terms of applications and are likely to be used in industrial operations and power generation. As vehicles get older, there is set to be an increased demand for replacement catalysts, thereby opening up novel opportunities for the aftermarket segment.
The demand for emission control catalysts is anticipated to develop steadily over the forecast period. Growth in developing nations, stringent regulations, and a focus on sustainability are expected to fuel demand.
Role of Digitalization in the Emission Control Catalyst Industry
Digital technologies are speeding up the development of novel and effective catalysts. Simulations and computer-aided design (CAD) allow researchers to virtually test materials and configurations to optimize catalyst performance and meet stringent emission standards.
Digitalization can also assist in optimizing production procedures. Sensors and data analytics will likely allow for real-time monitoring and control of production lines, thereby improving productivity and cutting down on waste.
The supply chain for emission control catalysts necessitates several raw materials and international trade. Digital tools are set to simplify this intricate supply chain with the integration of real-time tracking and inventory management.
Sensor-embedded trackers are anticipated to assist in gathering information regarding operating conditions and performance. Utilizing machine learning techniques to analyze this data will likely make it possible to anticipate potential malfunctions and facilitate preemptive maintenance.
Emerging Applications for Emission Control Catalysts in Automotive and Industrial Sectors
ECCs are constantly evolving to comply with the altering regulations and challenges in the automotive and industrial sectors. New catalyst designs and formulations are being developed to increase the efficiency of ECCs at lower temperatures which will likely help in reducing emissions. Hybrid applications such as EVs with internal combustion engines require pollution control, thereby pushing the adoption of ECCs.
Integrating catalysts with sensors and connecting these with the vehicle’s on-board diagnostics (OBD) is projected to help identify problems early and carry out preemptive maintenance. Manufacturers and researchers are working toward innovating novel catalyst materials that are resilient, less expensive to produce, and do not depend on pricey metals like palladium and platinum.
There is an ongoing investigation to integrate ECCs with carbon capture and utilization (CCU) technologies. This will likely assist businesses in absorbing carbon dioxide emissions and transforming these into functioning products.
Novel catalyst designs are being developed to target and remove hazardous air pollutants (HAPs) from industrial processes, thereby contributing to clean air. ECCS can assist in reducing emissions from trash incinerators and other processes that convert garbage into energy. Modular catalyst systems are set to make catalyst component replacement and maintenance seamless.
Impact of Environmental Regulations on the Emission Control Catalyst Market
A prominent factor propelling the expansion of the ECC sector is environmental regulations. Governments across the globe are imposing stringent emission regulations, especially on automobiles and industrial facilities. This is pushing the need for ECCs as manufacturers require them to comply with the regulations. Regulations specifically focusing on certain pollutants call for the creation of enhanced ECCs tailored for particular contaminants.
Strict regulations necessitate the development of advanced ECC technologies. This may include the use of new catalyst materials, creative designs, and enhanced formulations. Fuel efficiency requirements go hand-in-hand with these regulations. This encourages the creation of ECCs that are effective and reduce energy loss in engines and industrial processes.
The market size of emission catalysts was USD 10134.2 million in 2019. The sector grew at a CAGR of 5.3% from 2019 to 2023, taking the sector to USD 13100 million by 2023.
ECCs experienced steady growth over the historical period. The COVID-19 pandemic caused considerable disruption to the business due to the halt in production and sales. The worldwide lockdown gave rise to serious supply chain issues and workforce limitations.
A gradual recovery of the sector was expected in 2020 owing to the stimulus packages implemented by government agencies to help revive the global economy and related industries. The temporary halt on vehicle purchases during the pandemic and lockdown period caused a massive surge once the regulation eased, thereby increasing catalyst sales.
Before the pandemic, demand for emission control catalysts was driven by the need for clean vehicles owing to the implementation of stringent emission rules around the world. The global increase in vehicle production, specifically in developing nations like India and China led to a natural expansion of the sector.
The emission control catalyst market forecast suggests the sector to reach a value of USD 13964.6 million in 2024. It is projected to grow at a CAGR of 8.5% throughout the forecast period to reach an anticipated size of USD 31,707.5 million by 2034.
Stringent emission control regulations imposed by governments worldwide are likely to necessitate the use of clean technologies like catalytic converters. Growing public concern for air pollution is estimated to push industries to operate sustainably, thereby augmenting demand for emission control technologies. Emerging nations are expected to see a rise in vehicle production, thereby creating a surging need for catalysts.
Future market predictions for emission control catalysts suggest that the application of ECCs is anticipated to expand beyond the automotive sector, encompassing industrial processes and power generation. Growth of the stationary source segment is estimated to fluctuate based on economic conditions during the forecast period.
The coming decade is set to experience an increasing demand for advanced catalysts with improved efficiency and reduced emissions. Catalysts using selective catalytic reduction (SCR) technology will likely see growth in terms of demand.
The two essential characteristics of Tier 1 organizations are durability and brand recognition. These companies make up a sizeable portion of the sector and use state-of-the-art technologies to boost output. These players also have enormous production facilities dispersed throughout several locations. Johnson Matthey, BASF SE, Tenneco (Federal-Mogul), Solvay SA, and Honeywell International Inc. are a few examples of Tier 1 firms.
Tier 2 companies are those that operate in specific regions and have a big influence on the local economy. These companies are well-known in international markets and have a wealth of industrial experience. Umicore, Corning Inc., Cummins Inc., Cormetech, Inc., and W. R. Grace & Co. are a few of the well-known companies in Tier 2.
Tier 3 primarily consists of medium-to small-sized, locally based firms. These companies cater to particular sectors and operate in a limited geographic area. Comparing these firms to companies in Tier 1 and 2, Tier 3 firms are less formalized, structured, and face less competition. Notable Tier 3 businesses include Tenneco, Cataler Corporation, Interkat, Haldor Topsoe, and Ibiden Co., Ltd.
The following section provides a detailed emission control catalyst market share analysis by regions. It offers valuable insights into the dynamics, trends, challenges, and opportunities specific to each country in several regions.
The analysis encompasses growth factors influencing the emission control catalyst market, including production, consumption, import/export trends, regulatory landscape, investment outlook, and competitive scenario within each country. This comprehensive analysis aims to assist businesses in making informed decisions and formulating effective strategies tailored to individual countries.
India is anticipated to emerge as a dominating country in the sector during the forecast period with an estimated CAGR of 12.7%. China, Spain, and France are expected to follow closely to become the leading countries with estimated CAGRs of 9.6%, 6.4%, and 6%, respectively.
| Countries | CAGR 2024 to 2034 |
|---|---|
| India | 12.7% |
| China | 9.6% |
| Spain | 6.4% |
| France | 6% |
| Italy | 5.6% |
India is implementing stringent emission regulations, such as Bharat Stage (BS) VI, that align with international standards. It is set to become mandatory for manufacturers in the country to comply with these regulations, thereby increasing the demand for ECC.
Rising disposable income and urbanization are the key drivers fueling expansion of the automotive industry in India. An increase in vehicle manufacturing is expected to surge emission control measures.
Regional analysis of emission control catalyst industry states that India’s vehicle business is dominated by two-wheelers and hence, catalysts designed specifically for two-wheeler engines are in high demand. The Road Ministry of India is continuously implementing stringent emission standards for two-wheelers.
The Government of India is promoting the establishment of a domestic manufacturing base for ECCs to reduce dependence on imports and open up novel business opportunities for local companies. Local manufacturers, compared to established players, can potentially offer cost-competitive solutions, attracting both domestic and international automotive companies.
China is a strong contender to become a leading country in the ECC industry. The country has the world’s most prominent automobile manufacturing base, which accounts for a significant portion of the global vehicle production. This results in a huge domestic demand for ECCs for novel vehicles. The country’s robust industrial base for several sectors requires emission control solutions.
The country’s government is actively promoting clean air initiatives and investing in environmental protection technologies. This includes policies encouraging the domestic production of catalysts for emission control.
The country is also witnessing a growing public concern over rising air pollution, pressuring the government to impose stringent regulations and implement clean technologies. This situation creates a supportive environment for the ECC industry.
The country is heavily investing in research and development of novel catalyst materials and technologies. This emphasis on innovation is likely to result in the production of efficient and cost-effective catalysts, thereby enhancing the country's competitiveness in the global industry.
Spain may not have a strong growth rate for the industry over the forecast period. However, the emission control catalyst market analysis states that the country’s demand for these technologies is still expanding.
Spain devotedly complies with all of the European Union (EU) emission standards. To meet these regulations, the country will likely experience an increased demand for ECCs. There is also set to be a rising demand for ECCs as aging vehicles are retired and replaced with new models that meet stringent emission standards.
As existing vehicles require maintenance and repairs for specific emission control systems, there’s a novel sector for replacement catalysts in the country. There might not be any Spain-based manufacturers dominating the industry presently. However, the country could still have domestic companies supplying components or catering to particular niches in the business.
The section below offers organizations with the global emission control catalyst industry overview of two leading segments. Segmentation of these categories helps investors better understand the dynamics of the market and make informed decisions while investing.
Analysis of the opportunities, trends, and difficulties present in the field helps businesses attain a thorough understanding of the industry. With the aid of analytical data, companies can navigate the complex business environment and make informed decisions.
In terms of product type, diesel-based emission catalyst is likely to dominate the sector with a value share of 79.4% in 2024. Based on applications, the mobile equipment segment is expected to hold a value share of 65.4% in the same year.
| Segment | Diesel-based Emission Catalyst(Product Type) |
|---|---|
| Value Share (2024) | 79.4% |
Diesel engines, despite high durability and efficiency advantages, emit harmful emissions compared to gasoline engines. These also release high particulate matter (PM), carbon monoxide (CO), nitrogen oxides (NOx), and hydrocarbons (HC).
Governments worldwide are progressively implementing restrictive emission rules to address the rising concerns regarding air quality. This pushes the demand for sophisticated catalysts that are specifically made to reduce diesel emissions.
To comply with stringent pollution regulations, manufacturers are constantly working toward creating enhanced diesel emission catalyst technologies. Advancements like selective catalytic reduction (SCR) systems make diesel engines a viable option while complying with the rigorous regulations.
| Segment | Mobile Equipment (Application) |
|---|---|
| Value Share (2024) | 65.4% |
The global mobile equipment market encompassing automobiles, construction equipment, agricultural machinery, and trucks is rapidly expanding. This translates to a large-scale industry requiring solutions for emission control. Regulations for exhaust emissions released from mobile equipment are becoming stringent, thereby creating a strong demand for the installation of ECCs in these vehicles.
The wide variety of on-road and off-road applications of mobile equipment necessitates a higher need for emission control compared to stationary sources in a controlled environment. Replacement of pollution control catalysts has a significant aftermarket demand in the mobile equipment sector as it supports the continued expansion of the industry.
Key players, including Aerinox-Inc., BASF SE, CDTi Advanced Materials Inc., Clariant, and CORMETECH are progressively investing in creating novel catalyst materials that are durable, efficient, and less reliable on precious metals like palladium and platinum. Companies are working toward optimizing catalyst structures to improve performance for particular pollutants or applications. Manufacturers are integrating machine learning and simulation tools to optimize performance, accelerate catalyst development, and predict potential issues before these arise.
Competitive landscape of the emission control catalyst industry consists of organizations identifying and capitalizing on novel opportunities in the automotive and industrial sectors. Businesses are developing customizable and adaptable catalyst solutions for a variety of industrial emission profiles.
A few players are keeping a vigilant eye on various segments and catering to special needs of clients. Developing tailored catalyst solutions that seamlessly integrate with the current engine or process designs requires close collaboration with automakers and equipment manufacturers.
Establishing reliable connections with raw material suppliers guarantees timely delivery of essential supplies at reasonable rates while minimizing supply chain disruptions. Collaborating with research organizations and academic institutions to expedite innovation and development of next-generation catalyst technologies is a prominent strategy used by manufacturers to stay updated with the emission control catalyst market trends.
Producers are utilizing automation and digital tools in manufacturing processes to streamline production, decrease waste, and minimize energy consumption. These players are developing strategies to recycle or repurpose spent catalysts after the end-of-life to promote a sustainable approach.
Industry Updates
Based on metal, the sector is divided into platinum, palladium, rhodium, and other metals.
By product type, the industry is divided into diesel-based emission catalysts and gasoline-based emission catalysts. The diesel-based emission catalysts segment is segregated into diesel oxidation catalyst, selective catalytic reduction catalyst, diesel particulate filter, ammonia oxidation catalyst, and NOx absorbers. Gasoline-based emission catalysts are divided into palladium-based, rhodium-based, and platinum-based catalysts.
By end-use industry, the sector is segmented into automotive and industrial.
Based on catalytic converter type, the industry is divided into diesel oxidation catalyst, selective catalytic reduction, lean NOx trap, three-way catalytic converter, and four-way catalytic converter.
Emission control catalysts have applications in mobile emission control and stationary emission control catalysts. Mobile emission control catalysts are segregated into heavy-duty vehicles, off-road vehicles, passenger cars and light duty vehicles, motorcycles, scooters and three wheelers, and gardening equipment. Stationary emission control catalysts are divided into stationary emission control catalysts, generators, industrial engines, and off-road equipment.
The emission control catalyst industry is spread across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.
Market Research Report Outline
The sector is estimated to reach USD 13964.6 million in 2024.
The industry is set to reach USD 31707.5 million by 2034.
Aerinox-Inc., BASF SE, and CDTi Advanced Materials Inc.
India is projected to lead with a CAGR of 12.7% through 2034.
The industry is projected to grow at a CAGR of 8.5%.
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Emission Control Catalyst Market
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