Lucintel Forecasts the Global Emission Control Catalyst Market to Reach $77 Million by 2030
Lucintel Forecasts the Global Emission Control Catalyst Market to Reach $77 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global emission control catalyst market looks promising with opportunities in the promising with opportunities in the transportation and industrial sectors. The global emission control catalyst market is expected to reach an estimated $77 million by 2030 from $48 million in 2023 at a CAGR of 7% from 2023 to 2030. The major drivers for this market are stringent government regulation towards environmental protection, growth in the transportation & industrial sectors, and increasing demand for the diesel oxidation catalysts.
Browse 89 figures/charts and 76 tables in this 181-page report to understand trends, opportunity and forecast in emission control catalyst market to 2030 by metal type (palladium, platinum, rhodium, and others), vehicle type (high-duty and heavy-duty), mobility (mobility emission control catalysts and stationary emission control catalysts), fuel type (diesel vehicles and gasoline vehicles), application (transportation, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that palladium will remain the largest segment over the forecast period due to significant use of this metal among various industries because of its excellent catalytic properties, such as low cost, high melting point, high density, and corrosion & oxidation resistance.
Transportation is expected to remain the larger application segment due to the increasing vehicle production and emission regulations in the European and North American region.
APAC will remain the largest region due to the growing transportation and industrialization sectors, especially in India and China.
BASF SE, Johnson Matthey Pic., Umicore N.V., Corning Incorporation, Tenneco are the major suppliers in the emission control catalyst market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056