The report “Global STATIONARY EMISSION CONTROL CATALYSTS MARKET SEGMENTATION BY PROCESS, BY END-USER INDUSTRY, BY GEOGRAPHY (ASIA PACIFIC, NORTH AMERICA, EUROPE, MIDDLE EAST AND AFRICA, SOUTH AMERICA), BY COMPANY PROFILE, FORECAST AND ESTIMATION 2018-2024.”
The global Stationary Emission Catalysts market is estimated to grow to USD 2433.14 Million by 2024 from USD 1436.74 Million in 2017, growing at a CAGR 9.18% from 2018 to 2024.Catalysts are used in catalytic convertors to reduce the harmful emissions to the nature. Stationary emission catalyst is used to control the release of SOX, NOX, carbon dioxide, particulate matter.
Government mainly concentrates on the control of release of these emissions.
Catalyst reduction holds the largest share in the stationary emission control catalyst Market
By process type, stationary emission control catalyst market is segmented as catalytic Fibers, catalytic incineration, catalytic oxidation and catalytic reduction.Among these, catalytic reduction holds the largest share in the stationary emission control catalyst market owing to have high used process and mainly used for removal of NOX from the emissions.
Catalytic incineration are largely used in the rubber, paints, printings and casting industries and used for the removal of VOCs in the emissions. Catalyst oxidation is mainly used for the removal of hydrocarbons and carbon monoxide in the emissions.
Power plants holds the largest share in the stationary emission control catalyst market
By end user industry type, stationary emission control catalyst market is segmented as metal finishing & metallurgy, waste incinerators, chemical plants, refineries & petro chemicals processing plants and power plants. Among these, power plant holds the huge market in the stationary emission control catalyst owing to the environment rulings present in the industries.
Power plants followed by chemical plants segment owing to have high regulations and shows high potential towards the stationary emission control catalyst market.
Europe holds the largest share in the emission control catalyst market
Based on geography, Europe holds the largest share in the stationary emission control catalyst market owing to have the strict environment regulations in the region. In chemical industry, stationary emission control catalyst are used and expected to witness the highest growth in the market.
Europe followed by North America owing to have high regulations in the power sector.
Some of the key vendors in the stationary emission control catalyst market are corning Inc. (U.S), Johnson Matthey (UK), Honeywell Uop (U.S), IbidenPorzellanfabrik Frauenthal Gmbh (Australia), Cormetech Inc.
(North America), Nikki Universal Co.Ltd. (Japan), BASF (Germany), Clariant (Switzerland).
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