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Emission Control Catalyst Market -Industry News, Applications and Trends!

Improving application of three-way oxidation-reduction converters in automotive applications is expected to drive market growth. Stringent environment regulations aimed at reducing carbon emissions in the major markets including U.S., Germany, India and Japan is projected to have a favorable impact on the market over the forecast period.

The Global Emission Control Catalyst Market is expected to reach USD 11.09 billion by 2024, according to a new report by Grand View Research, Inc.


Increasing energy requirement from household and industrial sectors emerging economies including China and India coupled with favorable policies for the implementation of solutions to reduce emission is expected to fuel the demand for catalysts.

The automotive sector is expected to foresee growth at a CAGR of 4.3% from 2016 to 2024, in terms of volume. The emergence of Mexico as an automotive production destination on account of rising domestic demand for passenger and commercial vehicles along with proximity to the U.S. is expected to increase the application of emission reduction catalyst over the next eight years.

To Know More About Emission Control Catalyst Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/emission-control-catalyst-market

Industrial applications contributed to 15.1% of the global volume share in 2015. Rapid industrialization, particularly in emerging economies of Asia Pacific and Latin America, coupled with rising awareness regarding ecology preservation is expected to bolster the demand for emission control catalyst over the forecast period.

Top Players of Emission Control Catalyst Market:

Major emission control catalyst manufacturers include Johnson Matthey, BASF, Solvay, Umicore, Clariant and Corning Incorporated.

Market Segmentation of Emission Control Catalyst Market:

The Global Emission Control Catalyst Market segmented on the basis Product, Application and Region.

By Product:

    Palladium
    Platinum
    Rhodium

By Application:

    Automotive
    Industrial

By Region:

    North America
    Europe
    Asia Pacific
    Latin America

Inquire about Emission Control Catalyst Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1777
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