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 entitled
“Growth
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?
No comments:
Post a Comment