Emission Control Catalyst market is projected to grow at a CAGR of 8.75% to reach US$18.619 billion by 2023, from US$11.257 billion in 2017. An emission control catalyst breaks down the solid particulates in engine exhaust systems of a vehicle or industrial machinery in order to reduce the content of harmful pollutants in the environment. Stringent environmental regulations and emission standards are significantly driving the demand for emission control catalysts across different industries. Booming global automotive industry is another major driver of emission control catalyst market. Global automakers such as Ford Motors, BMW, and General Motors are increasingly investing in emission control catalysts such that automobiles manufactured by them strictly adhere to strict emission norms across different regions. Geographically, APAC will witness the fastest regional market growth during the forecast period on account of rising manufacturing of automobiles coupled with setting up of various industries in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Emission Control Catalyst value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Emission Control Catalyst market.
Major industry players profiled as part of the report are BASF SE, Corning Incorporated, Solvay, and Johnson Matthey among others.
Emission Control Catalyst market has been analyzed through following segments:
By Metal Type
Middle East and Africa