Lucintel’s latest market report analyzed that emission control catalyst provides attractive opportunities in transportation, industrial, marine, and locomotive/rail industries. The emission control catalyst market is expected to reach $16.3 billion by 2025 with a CAGR of 3.9%. In this market, palladium is the largest segment by metal type, whereas transportation is largest by application. The increasing demand for new cold start concept catalyst and increasing usage of four-way catalysts provides strategic growth path in this market.
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Based on metal type, the emission control catalystmarket is segmented into palladium, platinum, rhodium, and others. The palladium segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to excellent catalytic properties such as low cost, high melting point, high density, and corrosion & oxidation resistance.
Browse in-depth TOC on “Emission Control Catalyst Market”
100 – Tables
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207 – Pages
The emission control catalyst market is marked by the presence of several big and small players. Some of the prominent players offering emission control catalyst include BASF SE, Johnson Matthey Pic., Umicore N.V., Corning Incorporation and others.
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