Enjoy complimentary customisation on priority with our Enterprise License!
The stationary emission control catalyst market share is expected to increase by USD 581.49 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.59%.
This stationary emission control catalyst market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers stationary emission control catalyst market segmentation by type (honeycomb catalyst, plate catalyst, and corrugated catalyst), application (power generation, industrial, and others), and geography (Europe, APAC, North America, South America, and Middle East and Africa). The stationary emission control catalyst market report also offers information on several market vendors, including AeriNOx Inc., BASF SE, Bosal Nederland BV, Cataler Corp., CDTi Advanced Materials Inc., Clariant International Ltd., CORMETECH Inc., Corning Inc., DCL International Inc., Ecopoint Inc., Heraeus Holding GmbH, Hitachi Zosen Corp., INTERKAT Catalyst GmbH, Johnson Matthey Plc, Nett Technologies Inc., Shell plc, Solvay SA, Tenneco Inc., Umicore, and Zeolyst International among others.
Download the Free Report Sample to Unlock the Stationary Emission Control Catalyst Market Size for the Forecast Period and Other Important Statistics
The stringent emission control regulations to drive the emission control catalysts market is notably driving the stationary emission control catalyst market growth, although factors such as high maintenance cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the stationary emission control catalyst industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Stationary Emission Control Catalyst Market Driver
The stringent emission control regulations to drive the emission control catalysts market is one of the key drivers supporting the stationary emission control catalyst market growth. Rapid industrialization and urbanization are the major contributors to the increased levels of environmental pollution, which is a big problem all over the world. Automobile and industrial emissions have been increasing exponentially due to the rise in on-road and off-road emission sources. Moreover, as public awareness about pollution grows, more stringent emission rules are being implemented worldwide, resulting in a surge in demand for stationary emission control catalysts that use precious metals. Significantly, the need for lighter, faster, and low-fuel-consumption vehicles is increasing as a result of the stringent emission regulations, which are projected to enhance the growth of the global stationary emission control catalyst market during the forecast period.
Key Stationary Emission Control Catalyst Market Trend
The growing importance of adding catalytic converters to reduce car emissions is one of the key stationary emission control catalyst market trends that is contributing to the market growth. The need to minimize emissions from internal combustion engine (ICE)-based vehicles and industrial activities is spurring the use of emission control catalysts in a vast number of automobiles and industrial processing units. The problems posed by emissions into the environment are being addressed by advancements in vehicle engine technologies and catalytic converters. A catalytic converter can remove 98% of hydrocarbons, carbon monoxide, and nitrogen oxides that are produced by a vehicle's engine. To comply with the required emission standards, automotive manufacturers are creating new and advanced systems that improve the overall performance of catalytic converters. These initiatives are driving market growth.
Key Stationary Emission Control Catalyst Market Challenge
High maintenance cost is one of the factors hindering the stationary emission control catalyst market growth. Catalysts used in stationary emission control applications have a finite lifetime in the flue gas, while some amount of ammonia slips through without taking part in the reaction. This system is also highly sensitive to plugging and contamination during the operation. As a result, certain pollutants in the flue gas can render the system ineffective at reducing NOx levels or result in the oxidation of the ammonia, thus resulting in the formation of more NOx. This can result in increased costs on reagents. Thus, owing to the high cost of SCR systems, power generation plant operators might opt for low-cost technologies, such as low NOx burners or selective non-catalytic reduction (SNCR) systems to control NOx. Thus, low-cost alternatives will hinder the growth of the global stationary emission control catalyst market during the forecast period.
This stationary emission control catalyst market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global stationary emission control catalyst market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the stationary emission control catalyst market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the stationary emission control catalyst market encompasses successful business strategies deployed by the key vendors. The stationary emission control catalyst market is fragmented and the vendors are deploying growth strategies such as price, quality, brand identity, technology, and distribution channels to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The stationary emission control catalyst market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the stationary emission control catalyst market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
45% of the market's growth will originate from Europe during the forecast period. Germany and the UK are the key markets for stationary emission control catalyst market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
Government initiatives in various countries will facilitate the stationary emission control catalyst market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic severely impacted the various countries in this region, which had a negative impact on the regional market. However, in 2021, owing to the initiation of large-scale COVID-19 vaccination drives by various countries in this region, the manufacturing of stationary emission control catalysts resumed. Additionally, the lifting of the ban on cross-border trade following the reduction in the number of COVID-19 cases will drive the stationary emission control catalyst market growth during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The stationary emission control catalyst market share growth by the honeycomb catalyst segment will be significant during the forecast period. While ceramic honeycomb catalysts are now widely used in a variety of applications due to their low density, high surface area per unit volume, and others are gaining popularity as catalyst supports. They are used in heat recovery applications due to their low thermal expansion, thermal conduction, and high thermal shock resistance. These properties can also be advantageous in the methanation process. These factors, in turn, are expected to fuel the demand for honeycomb catalysts during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the stationary emission control catalyst market size and actionable market insights on post COVID-19 impact on each segment.
Stationary Emission Control Catalyst Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.59% |
Market growth 2022-2026 |
$ 581.49 million |
Market structure |
Fragmented |
YoY growth (%) |
6.25 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 45% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AeriNOx Inc., BASF SE, Bosal Nederland BV, Cataler Corp., CDTi Advanced Materials Inc., Clariant International Ltd., CORMETECH Inc., Corning Inc., DCL International Inc., Ecopoint Inc., Heraeus Holding GmbH, Hitachi Zosen Corp., INTERKAT Catalyst GmbH, Johnson Matthey Plc, Nett Technologies Inc., Shell plc, Solvay SA, Tenneco Inc., Umicore, and Zeolyst International |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.