According to a new market report published by
Lucintel, the future of the global emission control catalyst market looks promising
with opportunities in the segments of transportation, industrial, and others.
The global emission control catalyst market is expected to reach an estimated
$14.82 billion by 2021 and it is forecast to grow at a CAGR of 7.7% from 2016
to 2021. The major growth drivers of growth for this market are stringent
environmental policies adopted by various governments and environmental
protection agencies combined with an increase in vehicle production and growth
in industrial sectors.
In this market, transportation and industrial
are the major end use segments of emission control catalyst market. On the
basis of its comprehensive research, Lucintel forecasts that the industrial
segment is expected to show above average growth during the forecast period.
Within the global emission control catalyst
market, the transportation application segment is expected to remain the
largest market. Economic development in Asia Pacific, particularly China and
India, has presented opportunities for emission control catalysts in the
transportation industry, which would spur growth for this segment over the
forecast period. The light duty vehicle segment is expected to remain the
largest market in the transportation industry due to increasing light duty
vehicle production especially in the APAC region.
The palladium based emission control catalyst
segment is expected to remain the largest market by metal type because of its
excellent chemical properties, low cost, and availability. Therefore, its
demand is increasing significantly across a number of emission control catalyst
applications.
Europe is expected to remain the largest region due to stringent emission regulations,
such as Euro 6, and increasing vehicle production. Asia pacific is expected to be
the fastest growing region over the forecast period due to higher economic
growth and increasing vehicle production in China and India.
For business expansion, Lucintel’s report
suggests new product development to enhance particulate filter performance and
reduce the need for costly platinum group metals to lower the cost of catalyst
manufacturing. The report
further suggests the development of partnerships to create win-win situations
and the development of low-cost solutions for end users.
Emerging
trends, which have a direct impact on the dynamics of the market, include
increasing demand for new cold start concept catalysts and increasing uses of
the four way catalyst. Johnson Matthey, BASF, and Umicore are among the major
suppliers of emission control catalysts.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global emission control catalyst market by metal type, end use industry,
vehicle type, and region, and has compiled a comprehensive research report
entitled, “Growth
Opportunities for the Global Emission Control Catalyst Market 2016-2021:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy,
as it provides comprehensive data and analysis on trends, key drivers, and
directions of the market. The study includes a forecast for growth
opportunities in the global emission control catalyst market by metal type, end
use industry, vehicle type, and region, as follows:
By metal type [$ Billion Shipment from 2010 to
2021]:
- Platinum
- Palladium
- Rhodium
- Others
By end use industry [$ Billion Shipment from
2010 to 2021]:
- Transportation
- Industrial
- Other
By vehicle type [$ Billion Shipment from 2010
to 2021]:
- Light Duty Vehicle
- Heavy Duty Vehicle Other
By fuel type [$ Billion Shipment for 2015]:
- Gasoline Vehicles
- Diesel Vehicles
By region [$ Billion Shipment from 2010 to 2021]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This
185-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, commercial due diligence
report, business
strategy consulting and market
research reports online.
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, high-growth opportunities for the emission control catalyst
market by
end use industry (transportation, industrial,
and others), metal type (platinum, palladium, rhodium, and others), vehicle type
(light duty vehicle and heavy duty vehicle), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2. Which product segments will grow at a
faster pace and why?
Q.3. Which region 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 competitive
threats in this market?
Q.6.
What are the emerging trends in this
market and the reasons behind them?
Q.7.
What are some 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 activity has transpired in
the last 5 years?
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