Emission Control Catalyst Market Size & Forecast Report, 2013 - 2024

1. Emission Control Catalyst Market Analysis by Region, Application and Analysis to 2024 “Global emission control catalyst market size was 1,978 kilo tons in 2015. Rising awareness towards reduction of carbon footprints along with stringent norms implemented by government towards reduction of harmful pollutants from industries and automotive combustion.” Global Emission Control Catalyst Market size was 1,978 kilo tons in 2015. Rising awareness towards reduction of carbon footprints along with stringent norms implemented by government towards reduction of harmful pollutants from industries and automotive combustion will create substantial demand for these catalyst in the near future. Emission control catalyst are designed to breakdown harmful particles which are generated inside exhaust system of automotive engines and industrial machinery. Rising number of installation of catalytic converter by major automotive players including BMW, General Motors, Volkswagen and Ford Motors will create immense market potential over the forecast period. Increasing automobile production in developing countries including China, India, Mexico and Iran will increase the product demand over the next eight years. Presence of strict regulation norms regarding emissions in various developed countries including the U.S., and UK is expected to fuel product demand over the forecast period. High dependence on temperature fluctuation for the product performance is expected to pose a challenge to the market growth over the forecast period. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/emission-control-catalyst-market/request-sample

2. Volatility in platinum based catalyst prices owing to unavailability of noble metals is anticipated to hinder industry expansion over the upcoming years. Increasing investments in platinum-rhodium-palladium based manufacturing facilities by key players including BASF and Johnson Matthey will open new market avenues over the upcoming years. Application Insights Automotive was the dominant segment and accounted for 83.5% of the total volume in 2015. National Ambient Air Quality Standard in the U.S. and Bharat Stage Emission standard in India regarding emission control will increase demand for automotive and industrial emission control catalytic converter in the near future. Industrial application is expected to show high gains at a CAGR of 4.7% in terms of volume from 2016 to 2024.Increasing industrial investment in manufacturing sector in various countries including India, China, Mexico and Thailand will augment industry size over the forecast period. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/emission-control-catalyst-market Product Insights Rhodium based catalyst demand was 828.2 kilo tons in 2015. Demand for the product is expected to spur over the upcoming coming eight years owing to its ability to remove nitrous oxide from exhaust emission by three way catalytic converters in automotive engines. High cost of Rhodium as compared to other emission control catalyst is expected to lower its growth over the next eight years. Palladium is expected to show tremendous rise at a CAGR of 4.7%from 2016 to 2024. Palladium based products are growing significantly on account of its availability at low price and easy blending characteristics with platinum and rhodium. Platinum based catalyst accounted for 32.2% of total overall volume in 2015 and is anticipated to witness growth on account of its high usage in catalytic converter of gasoline engines. Platinum is prominently used in diesel vehicle as it is having duel characteristic of oxidation and reducing agent which in turn lowers Sulphur emission. High price of platinum and its sensitivity towards high temperature is expected to have adverse impact on its market demand. Regional Insights

3. Asia Pacific was the largest market and accounted for 32.9% of the overall volume in 2015. Large vehicle manufacturing base in India, Thailand, Japan, South Korea, Malaysia and China owing to increasing population will augment market growth. Availability of cheap raw material in countries including China and India is expected to fuel investment in these countries. Competitive Insights Major manufacturers include BASF, Johnson Matthey, Solvay S.A., Umicore SA and Corning Incorporated. Fully developed R&D centers along with easy access to equipment in U.S., U.K. and Germany have led manufacturers to establish their manufacturing facilities in these countries, thereby capturing market share. As a part of business strategy, in March 2017, BASF launched mobile emission control catalyst manufacturing facility in Chennai(India) in order to meet the increasing demand for automobiles in India. Market Segment: Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024) • Palladium • Platinum • Rhodium • Others Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024) • 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

4. • China • Japan • India • South Korea • Latin America • Brazil • MEA See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/automotive-and-parts Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184