The global emission control catalyst market is projected to reach $55.8 billion by 2028, at a CAGR of 6.5% during 2023-2028. The growth of emission control catalyst market is driven by stringent government regulation towards environmental protection, growth in the transportation & industrial sectors, and increasing demand for the diesel oxidation catalysts.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the emission control catalyst
market by metal type (palladium, platinum, rhodium, and others), vehicle type
(high-duty and heavy-duty), mobility (mobility emission control catalysts and
stationary emission control catalysts), fuel type (diesel vehicles and gasoline
vehicles), application (transportation, industrial, and others), 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 What are the
business risks and threats to the emission control catalyst market?
Q.4 What are some
changing demands of customers in the emission control catalyst market?
Q.5 What are the new
developments in the emission control catalyst market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this emission control catalyst area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this emission control catalyst
market?
Market Segmentation:
Based on metal type, the
emission control catalyst market is segmented into palladium, platinum,
rhodium, and others. The palladium segment accounted for the largest share of
the market in 2023 and is expected to register the highest CAGR during the
forecast period, due to significant use of this metal among various industries
because of its excellent catalytic properties, such as low cost, high melting
point, high density, and corrosion & oxidation resistance.
APAC will remain the
largest region due to the growing transportation and industrialization sectors,
especially in India and China.
Key Players in the
emission control catalyst market are BASF SE, Johnson Matthey Pic., Umicore
N.V., Corning Incorporation, and Tenneco.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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