Emission Control Catalyst Industry analysis research and trends report for 2017-2024 - PowerPoint PPT Presentation

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Emission Control Catalyst Industry analysis research and trends report for 2017-2024

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The leading market players of the industry are BASF Catalysts LLC, Umicore SA, Johnson Matthey PLC, Solvay SA, DCL International Inc., Cataler Corporation, Cormetech Inc, Clariant International Ltd – PowerPoint PPT presentation

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Title: Emission Control Catalyst Industry analysis research and trends report for 2017-2024


1
Emission Control Catalyst market share research
by applications and regions for 2017-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Emission Control Catalyst Market
  • Asia Pacific holds potential market share of
    global emission control catalyst market, majorly
    dominated by China, India, Indonesia, Japan,
    Malaysia, and South Korea. North America is
    second largest regional market and is estimated
    to grow with substantial CAGR over the forecast
    period. Latin America and UAE holds a lot of
    growth prospects and is estimated to grow with
    significant CAGR in next few years.
  • Emission Control Catalyst Market size is set to
    grow exponentially to 2024 due to its usage in
    internal combustion engines to reduce the release
    of harmful pollutants into the environment along
    with its applications in automotive industry as
    it helps to break down the solid particulates
    present in engine exhaust system of
    transportation vehicle.
  • The global emission control catalyst market is
    driven by increasing automotive sales from the
    past few years. The automotive sales are
    increasing o a rapid rate, and are expected to
    increase throughout the forecast period, thereby
    facilitating the growth of global emission
    control catalyst market.

3
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  • The market growth is further attributed by the
    tightening environmental regulations regarding
    the harmful emissions from the automobiles.
    Majority of the governing bodies of both
    developed and developing economies are imposing
    strict regulations regarding the control of
    emissions from automobiles. For instance,
    Environmental Protection Agency (EPA) one of the
    regulatory body of European commission, had
    devised stringent regulatory norms for reducing
    vehicle emission. It devised, an act under code
    of federal regulations citations 40 CFR Part 79
    to control of air pollution from motor vehicles.
  • European region comprises of six prominent
    automotive companies namely, Daimler AG,
    Volkswagen, Audi, BMW and Opel which have
    witnessed 0.5 growth in production by 2016,
    complementing the growth of emission control
    catalyst. France is second highest automobile
    manufacturer with 5.6 growth in terms of
    production during 2016. Environmental policies of
    federal governments in the European region,
    coupled with foreign direct investments for
    automotive industry is augmenting the market
    demand for emission control catalyst product in
    automotive industry.

4

Browse Full Research Report On Emission Control
Catalyst Market _at_ https//bit.ly/2KX7W4x
Request for an in-depth table of contents
for this report _at_ https//bit.ly/2N8oeoT
gminsights.com/request-toc/upcoming/1797
5
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  • Asia pacific economic development plans to
    revolutionize industrial sector. For instance,
    India government have initiated Make in India
    program to enhance industrial development, which
    had attracted foreign direct investment of over
    USD 70 billion by the end of June 2017. In
    addition, government have implemented certain
    reforms to liberalized FDI polices, improved
    business environment and offered simplified tax
    structure to stimulate industrial growth. In July
    2017, China have implemented revised foreign
    investment cataloged, to encourage foreign direct
    investment in industrial sector. Industrial
    growth strategies in Asia pacific is likely to
    drive the global emission control catalyst market
    over the projected timeframe.
  • This market is restrained by the introduction of
    electric vehicles. The support from the governing
    bodies to develop the electric vehicles may give
    more restraint the market growth in future. For
    instance, Government of China had released
    Automotive Mid and Long Term Development Plan by
    April 2017, which aims to develop electric
    vehicles. Replacement of fuel based automotive
    vehicle with electric battery vehicle will
    eliminate the application of emission control
    catalyst, thus negatively impacting market growth
    in coming years.
  • Volatility in metal prices may also hinder the
    global emission control catalyst market over the
    forecast period. Limited reserves and increasing
    mining activities throughout the world is likely
    to deplete steel reserve in nearer future. In
    addition, Chinese manufacturers overloading the
    market with cheap steel products tends to
    fluctuate market price, restraining the market
    growth.

6
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  • Global emission control catalyst market is
    segmented based on metal type. Platinum and
    palladium metal segment is growing at a
    significant CAGR due to growing application in
    various automotive engines. Rhodium metal is
    estimated to grow over the projected time frame
    owing to growing demand from industrial
    application.
  • In terms of end-user industry, automotive is
    fastest growing application segment of the
    market. Due to stringent environmental regulation
    implemented on motor vehicles, the demand for
    emission control vehicles are expected to
    increase for automotive applications, and
    contribute significantly to the market growth.
  • The leading market players of the industry are
    BASF Catalysts LLC, Umicore SA, Johnson Matthey
    PLC, Solvay SA, DCL International Inc., Cataler
    Corporation, Cormetech Inc, Clariant
    International Ltd., Aerinox Inc. and others.
    Eminent market player of the industry holds
    strong developmental strategies for expansion of
    its business beyond regional terrains in coming
    years. Likewise, many companies have their own
    raw material divisions along with product
    manufacturing facilities. Some of the important
    manufacturers also enter into partnership or
    agreement with end-user industries for gaining
    sustainable benefits and profits. Such
    partnership helps to enhance relationship with
    various end-user clients that helps to achieve
    competitive advantage.

7
Methodology
  • Market
    research reports Key analytical components

8
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