Skip to main content

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
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Point of Entry Water Treatment Systems Market Competitive Landscape by 2025

Growing public awareness towards healthy lifestyle along with increasing water pollution is projected to drive the market over the forecast period. The Global Point of Entry Water Treatment Systems Market is estimated to be valued at USD 9.95 billion by 2025, according to a new report by Grand View Research, Inc. Exponential growth in the global population has exerted considerable pressure on the existing water resources available for human consumption, in turn augmenting the dependence on groundwater owing to its easy availability. However, improper disposal of wastewater generated in agricultural and industrial areas has led to largescale contamination of groundwater in urban areas, enhancing the global point of entry water treatment systems market by 2025. Favorable government regulations to ensure the supply of healthy drinking water is predicted to boost market growth over the forecast period. The growing investments towards development of efficient point of entry water t...
Post a Comment
Read more

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more