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Opportunities for the emission control catalyst market to reach $14.82 billion by 2021 according to new research report

Opportunities for the emission control catalyst market to reach $14.82 billion by 2021 according to new research report

Trends, opportunities and forecast in this market to 2021 by metal type (platinum, palladium, rhodium, others), by end use industry type (transportation, industrial, other), by vehicle type (light duty vehicle, heavy duty vehicle other), by fuel type (white, others), by region (North America, Europe, Asia Pacific, Rest of the World).

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Growth Opportunities for the Globa… Market 2016-2021 

According to a new market report published by Lucintel, the future of the global emission control catalyst market looks promising with opportunities in the segments of transportation, industrial, and others. The global emission control catalyst market is expected to reach an estimated $14.82 billion by 2021 and it is forecast to grow at a CAGR of 7.7% from 2016 to 2021.

The major growth drivers of growth for this market are stringent environmental policies adopted by various governments and environmental protection agencies combined with an increase in vehicle production and growth in industrial sectors.

This report has 111 figures/charts and 103 tables spread through 185 pages.

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www.lucintel.com/emission_control_…_market_2016.aspx

In this market, transportation and industrial are the major end use segments of emission control catalyst market. On the basis of its comprehensive research, Lucintel forecasts that the industrial segment is expected to show above average growth during the forecast period.

Within the global emission control catalyst market, the transportation application segment is expected to remain the largest market. Economic development in Asia Pacific, particularly China and India, has presented opportunities for emission control catalysts in the transportation industry, which would spur growth for this segment over the forecast period.

The light duty vehicle segment is expected to remain the largest market in the transportation industry due to increasing light duty vehicle production especially in the APAC region.

The palladium based emission control catalyst segment is expected to remain the largest market by metal type because of its excellent chemical properties, low cost, and availability. Therefore, its demand is increasing significantly across a number of emission control catalyst applications.

Europe is expected to remain the largest region due to stringent emission regulations, such as Euro 6, and increasing vehicle production. Asia pacific is expected to be the fastest growing region over the forecast period due to higher economic growth and increasing vehicle production in China and India.

For business expansion, Lucintel’s report suggests new product development to enhance particulate filter performance and reduce the need for costly platinum group metals to lower the cost of catalyst manufacturing. The report further suggests the development of partnerships to create win-win situations and the development of low-cost solutions for end users.

Emerging trends, which have a direct impact on the dynamics of the market, include increasing demand for new cold start concept catalysts and increasing uses of the four way catalyst. Johnson Matthey, BASF, and Umicore are among the major suppliers of emission control catalysts.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global emission control catalyst market by metal type, end use industry, vehicle type, and region, and has compiled a comprehensive research report entitled, “Growth Opportunities for the Global Emission Control Catalyst Market 2016-2021: Trends, Forecast, and Opportunity Analysis.The Lucintel report serves as a springboard for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions of the market.

Report: www.lucintel.com/rb/emission_contr…market_2016.aspx

The study includes a forecast for growth opportunities in the global emission control catalyst market by metal type, end use industry, vehicle type, and region, as follows:

By metal type [$ Billion Shipment from 2010 to 2021]:

  • Platinum
  • Palladium
  • Rhodium
  • Others                                       

By end use industry [$ Billion Shipment from 2010 to 2021]:

  • Transportation
  • Industrial
  • Other

By vehicle type [$ Billion Shipment from 2010 to 2021]:

  • Light Duty Vehicle
  • Heavy Duty Vehicle Other

By fuel type [$ Billion Shipment for 2015]:

  • Gasoline Vehicles
  • Diesel Vehicles

By region [$ Billion Shipment from 2010 to 2021]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Report: www.lucintel.com/ds/emission_contr…market_2016.aspx

 

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