Emission Control Catalyst Industry Size, Share, Demand & Growth by 2034
According to ESOMAR-certified consulting firm Future Market Insights (FMI), the
global emission control catalyst market is projected to rise at above 8.5% CAGR, surpassing
the market valuation of USD 31707.5 million during the forecast period 2024 to 2034.
Expansion of the automotive industry, coupled with implementation of stringent government
regulations regarding toxic gas emissions from vehicles and industries, is bolstering the
demand for emission control catalysts.
Increasing adoption of energy and fuel-efficient vehicles in developed regions such as the
US, Germany and the UK will further boost the market growth in the upcoming decade.
The rising demand for lightweight passenger vehicles in developing regions such as China,
Japan, India and Brazil will provide lucrative opportunities to the manufacturers operating in
the market.
Browse Complete Report: https://www.futuremarketinsights.com/reports/global-emissioncontrol-catalyst-market
Key Takeaways from FMI’s Emission Control Catalyst Market Study

Palladium-based catalyst will dominate the product segment throughout the forecast
period.

Demand in mobile equipment is anticipated to rise at a higher pace.

The US will showcase high demand for emission control systems due to rising
automobile sales.

The U.K. will emerge as a leading emission control catalyst market owing to
implementation of stringent regulations and the presence of leading players.

Rising population and increasing adoption of new-energy vehicles across the country
will bolster sales in China.

South Korea and Japan will account for approximately 7.50% of the total market
share.
“Growing consumer preference towards energy-efficient vehicles, coupled with stringent
government regulation regarding emissions will fuel the growth,” says the FMI analyst.
Competitive Landscape
Johnson Matthey, BASF SE, Haldor topsoe, Umicore, Corning Inc., Clariant AG, Zeolyst
International, Heraeus Holding, Solvay SA, Cormetech, NGK Insulators Ltd., Aristo Global,
Nett Technologies Inc. are some key players operating in the emission control catalyst
market.
As per FMI’s analysis, key players are focusing on thorough research and development to
enhance and expand their product portfolio.
Major players are also establishing tie-ups and targeting mergers and acquisitions with
regional players for the expansion of their company, along with innovations in design and
efficiency of their product range. For instance

In March 2019, Johnson Matthey launched a newly developed automatically
regenerating Active DPF diesel particulate filter (DPF) system for stationary diesel
engines, adding to the company’s robust portfolio.

In December 2018, the BASF SE opened a new site in Pudong, Shanghai, China for
the product of its mobile emission catalysts, expanding the facility by more than
30,000 square meter to support the increased production.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a
member of the Greater New York Chamber of Commerce) offers profound insights into the
driving factors that are boosting demand in the market. FMI stands as the leading global
provider of market intelligence, advisory services, consulting, and events for the Packaging,
Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local
expertise on diverse domains and industry trends across more than 110 countries.
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