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Emission Control Catalyst Expanding At A CAGR Exceeding 4.0% From 2016 To 2024:Grand View Research Business Articles | July 19 Cheap Texans Jerseys , 2016

New Market Research Reports Title “Emission Control Catalyst Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database



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. 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.


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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 Cullen Gillaspia Youth Jersey , 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.


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Further key findings from the report suggest:

Global emission control catalyst demand was 1,978.0 kilo tons in 2015 and is anticipated to reach 2,900.4 kilo tons by 2024, expanding at a CAGR exceeding 4.0% from 2016 to 2024 Rhodium-based emission reduction catalyst is expected to foresee growth at a CAGR of 4.3% from 2016 to 2024. Natural adaptive features with other metals including platinum and palladium coupled with high market visibility in the catalyst industry is expected to promote the usage of the product. 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 Kahale Warring Youth Jersey , coupled with rising awareness regarding ecology preservation is expected to bolster the demand for emission control catalyst over the forecast period. Latin America is projected to foresee volume growth at a CAGR of 4.2% from 2016 to 2024. The presence of numerous oil & gas production facilities in Brazil and Venezuela in light of the high prevalence of offshore petroleum basins is expected to promote the number of installations of power plants. This factor is expected to drive the Latin America emission control catalyst market over the next eight years. Major emission control catalyst manufacturers include Johnson Matthey, BASF, Solvay, Umicore, Clariant and Corning Incorporated. Increasing expenditure on R&D and establishment of strategic partnerships with buyers including catalytic converter vendors is expected to remain a critical success factor over the next eight years.

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Grand View Research has segmented the global emission control catalyst market by product Max Scharping Youth Jersey , application and region:


Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

Palladium Platinum Rhodium Others

Application Outlook (Volume, Kilo Tons; Revenue Lonnie Johnson Jr. Youth Jersey , USD Million, 2012 - 2022)

Automotive Industrial Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

North America U.S. Canada Mexico Europe Germany UK France Italy Russia Asia Pacific China Japan India South Korea Latin America Brazil MEA

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