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Tuesday, September 24, 2019

Opportunities for the global emission control catalysts market is expected to reach $17.6 billion by 2024


According to a new market report published by Lucintel, the future of the emission control catalysts market looks promising with opportunities in transportation, industrial, marine, and locomotive/rail industries. The global emission control catalysts market is expected to reach an estimated $17.6 billion by 2024 with a CAGR of 6.3% from 2019 to 2024. The major drivers for this market are stringent government regulation towards environmental protection, growth in the transportation & industrial sectors, and increasing demand for the diesel oxidation catalysts.
In this market, palladium, platinum, and rhodium metals are used for manufacturing emission control catalysts. Lucintel forecasts that palladium will remain the largest segment and it is also expected to witness highest growth during the forecast period due to excellent catalytic properties such as low cost, high melting point, high density, and corrosion & oxidation resistance.

Within the emission control catalysts market, transportation will remain the largest segment and it is also expected to witness the highest growth during the forecast period due to increasing vehicle production and emission regulations in the European and North American region.

Europe will remain the largest market over the forecast period due to stringent emission regulations like Euro 6, and increasing vehicle production. Lucintel predicts that Asia Pacific is expected to witness the highest growth over the forecast period supported by growing transportation and industrialization sectors especially in India and China.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for new cold start concept catalyst and increasing usage of four-way catalysts. Johnson Matthey, BASF, Umicore, Corning Incorporated, Clean Diesel Technology, DCL International, and Solvay are among the major manufactures of emission control catalysts.
Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the global emission control catalysts market by application, by vehicle type, by metal type, by fuel type, by mobility, and by region. Lucintel has prepared a comprehensive research report entitledGrowth Opportunities in the Global Emission Control Catalysts Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global emission control catalysts market by application, vehicle type, metal type, fuel type, mobility, and region as follows:
By Application [Value ($M) shipment analysis for 2013 – 2024]:
  •           Transportation                                                          
  •           Industrial                                                                                                                   
  •           Others                       

By Mobility [Value ($M) shipment analysis for 2013 – 2024]:
  •           Mobile Emission Control Catalysts                                                
  •           Stationary Emission Control Catalysts                     

By Metal Type [Value ($M) shipment analysis for 2013 – 2024]:
  • Palladium
  • Platinum
  • Rhodium
  • Others
Transportation Market by Vehicle Type [Value ($M) shipment analysis for 2013 – 2024]:
  •           Light-Duty Vehicles                                                  
  •           Heavy-Duty Vehicles                     

Transportation Market by Fuel Type [Value ($M) shipment analysis for 2013 – 2024]:
  •           Diesel Vehicles                                                        
  •           Gasoline Vehicles                     

By Region [Value ($M) shipment analysis for 2013 – 2024]:
·        North America
             US
             Canada
             Mexico
·        Europe
             Germany
             Spain
             France
             United Kingdom
             Russia
·        Asia Pacific
             China
             Japan
             India
             South Korea
             Thailand
·        The Rest of the World
             Brazil
             Turkey
             Iran
             South Africa

This 226-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Due Diligence.



About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global emission control catalysts market by application (transportation, industrial, and others), metal (palladium, platinum, rhodium, and others), vehicle type (light-duty vehicles and heavy-duty vehicles), fuel type (diesel vehicles and gasoline vehicles), mobility (mobile emission control catalysts and stationary emission control catalysts), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

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