배출 제어 촉매 세계 시장 규모는 2022년 468억 1,000만 달러로 평가되며, 2023년 500억 4,000만 달러에서 2031년 853억 4,000만 달러로 성장하여 예측 기간(2024-2031년) 동안 6.9%의 CAGR로 성장할 것으로 예상됩니다.
환경 문제에 대한 인식이 높아지고 배기가스 규제가 강화되면서 다양한 산업 분야에서 배기가스 규제 촉매에 대한 수요가 크게 증가하고 있습니다. 세계 각국 정부는 대기 오염 방지 및 공중 보건 보호를 위해 배출가스 규제를 강화하고 있으며, 이에 따라 산업계와 자동차 제조업체는 규제에 대응하기 위해 이러한 촉매를 채택할 수밖에 없어 시장 성장을 촉진하고 있습니다. 자동차 산업은 이러한 추세에 크게 기여하고 있으며, 그 배경에는 연소 엔진에서 배출되는 배기가스를 줄여야 하는 자동차가 급증하고 있기 때문입니다. 자동차 배기가스 규제에 필수적인 촉매 컨버터는 질소산화물(NOx), 일산화탄소(CO), 탄화수소(HC)와 같은 유해한 오염물질을 보다 덜 유해한 화합물로 전환하는 촉매를 사용합니다. 특히 신흥 시장의 자동차 생산이 급증하면서 자동차 분야에서 배출 제어 촉매에 대한 수요가 더욱 증가할 것으로 예상됩니다. 또한 발전, 화학, 제조 등의 산업은 배기가스의 주요 배출원이기 때문에 배기가스에서 배출되는 질소산화물(NOx)을 줄이는 선택적 촉매 환원(SCR)과 같은 촉매를 사용해야 합니다. 이러한 부문들이 환경 규제를 준수하기 위해 노력함에 따라, 배출 제어 촉매 시장은 지속가능한 관행과 배출가스 정화를 위한 업계 전반의 노력을 반영하여 상승세를 이어갈 것으로 예상됩니다.
Global Emission Control Catalysts Market size was valued at USD 46.81 billion in 2022 and is poised to grow from USD 50.04 billion in 2023 to USD 85.34 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031).
The rising awareness of environmental issues and increasingly stringent emission regulations are significantly propelling the demand for emission control catalysts across various industrial sectors. Governments worldwide are tightening emission standards to combat air pollution and safeguard public health, which compels industries and automotive manufacturers to adopt these catalysts to comply with regulations, consequently driving market growth. The automotive sector is a notable contributor to this trend, driven by the burgeoning number of vehicles on the road that necessitate the reduction of emissions from combustion engines. Catalytic converters, integral to vehicular emission control, utilize these catalysts to transform harmful pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC) into less deleterious compounds. The surge in automobile production, especially in emerging markets, is expected to further elevate demand for emission control catalysts within the automotive realm. Additionally, industries spanning power generation, chemicals, and manufacturing are significant sources of emissions, necessitating the adoption of catalysts like selective catalytic reduction (SCR) to mitigate NOx emissions from exhaust outputs. As these sectors strive for compliance with evolving environmental mandates, the market for emission control catalysts is anticipated to continue its upward trajectory, reflecting an industry-wide commitment to sustainable practices and cleaner emissions.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Emission Control Catalysts market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Emission Control Catalysts Market Segmental Analysis
Global Emission Control Catalysts Market is segmented by metal type, application, end-user industry and region. Based on metal type, the market is segmented into platinum, palladium, rhodium and other metals. Based on application, the market is segmented into mobile emission control catalysts and stationary emission control catalysts. Based on end user industry, the market is segmented into automotive, industrial and other end-user industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Emission Control Catalysts Market
The global emission control catalysts market is significantly influenced by the expansion of the automotive industry, which has seen rapid growth in recent years. With a rising number of vehicles operating on roads, there has been a corresponding increase in emissions from vehicle exhaust systems. In response to this environmental challenge, governments across the globe have enacted stringent regulations aimed at reducing vehicle emissions. Consequently, catalytic converters have found extensive application in automotive exhaust systems. As automakers work diligently to comply with these regulations and enhance the environmental performance of their vehicles, the demand for emission control catalysts is anticipated to rise sharply.
Restraints in the Global Emission Control Catalysts Market
The global emission control catalysts market faces certain restraints, notably the rise of substitute technologies. Innovations such as electric vehicles (EVs), hydrogen fuel cells, and renewable energy sources are gaining traction, potentially limiting the demand for traditional emission control solutions. As these alternatives become more viable and widespread, there may be a gradual transition away from conventional combustion engines and associated exhaust treatment systems. Despite this shift, it's essential to recognize that emission control catalysts remain essential for the current vehicle fleet and various industrial applications. Their importance is likely to endure in the near term, even amid increasing adoption of alternative technologies.
Market Trends of the Global Emission Control Catalysts Market
The Global Emission Control Catalysts market is witnessing a robust upward trend driven by escalating environmental concerns and stringent government regulations aimed at curbing emissions from industrial and automotive sectors. As regulatory bodies enforce tougher emissions standards, there is a pronounced demand for innovative catalysts that effectively minimize pollutants like nitrogen oxides (NOx), carbon monoxide (CO), and volatile organic compounds (VOCs). Industry players are focusing on developing catalysts that enhance conversion efficiency, durability, and sustainability while lessening the reliance on precious metals. Furthermore, the accelerating transition towards electric and hybrid vehicles is reshaping the market landscape, necessitating catalysts tailored for these advanced propulsion systems, thereby bolstering growth prospective.