Global Emission Control Catalyst Market to reach USD 62.06 billion by 2027.Global Emission Control Catalyst Market to reach USD 62.06 billion by 2027.

Global Emission Control Catalyst Market is valued approximately USD 38.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.9 % over the forecast period 2021-2027. As public awareness about pollution grows, more emission laws are being implemented, resulting in an increased demand for sophisticated catalytic converters. The need for lighter, quicker, and low-fuel-consumption cars is rising as a result of stricter emission laws, which is likely to support the ECC market's development. In 2017, Umicore purchased the heavy-duty diesel businesses of Haldor Topsoe, a Denmark-based ECC manufacturer. The acquisition is expected to assist the company gain customer bases in Europe and China as well as the emission control technology for heavy-duty diesel applications. In 2021, BASF increased its production capacity of mobile emission catalysts in Chennai, India. The strategic expansion aims towards increasing the capacity for heavy-duty on and off-road segment automotive. However, absence of professional technicians in several regions is hampering the growth of the global emission control catalyst. The growing utilization of EV vehicles is is expected to boost a high the overall vehicle production in future which could hinder the growth of the market over the forecast period of 2021-2027. Also, the growth of the industrial and automotive sector is another reason boosting the growth of market during the forecast period.

The regional analysis of global Emission Control Catalyst Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to its rising automotive & transportation sector. And the government policies have encouraged the automakers to use devices declining the pollutants emissions and catalyst being a good substitute for this, which has increased the demand for manufacturing more catalytic converter in the market which further adds to the overall demand for ECC in the regional market. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing investments in the automobile & industrial sector, along with the rapidly growing population of the region would create lucrative growth prospects for the Emission Control Catalyst across Asia-Pacific region.

Major market player included in this report are:
BASF catalyst (Germany)
Johnson Matthey (UK)
Umicore (Belgium)
Tenneco (US)
Cataler (Japan)
Heraeus (Germany)
Bosal (Netherlands)
Clean Diesel Technologies (US)
Cormetech (US)
DCL International Inc. (Canada)
Hitachi Zosen Corporation (Japan),


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Palladium based
Platinum based
Rhodium based
Others (vanadium, ruthenium, and iridium)
By Application:
Mobile sources (off road, and on road)
Stationary sources
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Emission Control Catalyst Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors