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Global Emission Control Catalyst Market gets Significant Push from Booming Automotive Sector

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Published on : Dec 28, 2016

ALBANY, NY, Dec 28, 2016: The publication offers qualitative as well as quantitative insights on the worldwide market and identifies the key factors driving and restraining its growth.

Emission control catalysts find application in flame retardants, in the oil and gas sector, and in biocides. Apart from this, they are used extensively in the automotive sector. This sector has seen a strong demand for emission control catalysts owing to strict emission control regulations governing the industry. The manufacturing and industrial sectors also account for a significant share in the demand.

The global market for emission control catalysts is segmented on the basis of geography into Europe, North America, Japan, China, India, and Southeast Asia. Asia, on the whole, has been a prominent market owing to the thriving automotive industry. The presence of major automobile manufacturing units in Japan, China, and India has allowed for easy access to various consumables, which includes emission control catalysts. 

Europe is also a key market and is primarily driven by emission norms laid down by the European Union. The EU Emissions Trading System implemented in 2005 has been offering incentives to manufacturing facilities and power stations who work toward curbing carbon gas emissions. This has upped the demand for emission control catalysts in the region. 

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The report offers sharp insights into the present and projected status of the emission control catalyst market for the period 2011 to 2021, keeping in mind aspects such as capacity, revenue, gross margin, production, and price. Individual market shares of each regional segment have also been provided in the research study. 

BASF SE, Chevron Phillips Chemical Company LLC., Clariant AG, Johnson Matthey, Honeywell International Inc., Ineos Group AG, LyondellBasell Industries N.V., Exxon Mobil Corporation, Albemarle Corporation, and Evonik Industries are some of the leading players profiled in the report on the global emission control catalyst market. Most of these companies are looking to supply to countries where the automotive sector is thriving, especially in Asia Pacific countries such as India, Malaysia, China, Indonesia, and Thailand. The rising sales of automotive vehicles form the primary attraction for these companies. However, as far as production units are concerned, most of these manufacturers prefer to be headquartered in countries such as Germany, the U.S., and the U.K. This is owing to the fact that there is easy access to equipment in these nations and the presence of research and development infrastructure is high.

The report includes a detailed study on the vendor landscape, which includes information pertaining to competitors, manufacturing base, product application, type, and specification, business overview, production, price, capacity, revenue, and gross margin. The section sheds light on the present competitive scenario and trends in the emission control catalyst market, offering insights on the concentration rate, market share of the top five manufacturers, expansion strategies, and recent mergers and acquisitions.

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