Increasing gasoline engines to lead the growing demand for palladium metal in the Emission Control Catalyst Market

The Emission Control Catalysts (ECC) Market size is expected to grow from USD 21.1 billion in 2019 to USD 30.5 billion by 2024, at a CAGR of 7.7% during the forecast period. The major factors driving the market are the stringent emission standards implemented by governments across the globe and increasing aftermarket for catalytic converters.

The major players in the market include BASF Catalyst (Germany), Johnson Matthey (UK), Umicore (Belgium), Corning Incorporated (US), Tenneco (US), Clariant (Switzerland), Cataler (Japan), Heraeus (Germany), Haldor Topsoe (Denmark), Cormetech (US), IBIDEN (Japan), and INTERKAT (Germany). These players have adopted various growth strategies to expand their presence in the market further. New product launch, investment & expansion, and merger & acquisition have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global ECC market.

BASF Catalyst (Germany) is the most significant player operating in the emission control catalyst market. The group has 30 manufacturing facilities worldwide and produces mobile as well as stationary emission catalysts for worldwide customers. The company has adopted new product launch and expansion strategies to broaden its product portfolio and maintain its position in the market. In December 2018, the company announced the construction of its new mobile emission catalyst production site in Shanghai, China. This expansion added 30,000 square-meters facilities which will include multiple manufacturing lines, providing a full range of emissions control technologies for heavy-duty and light-duty vehicle manufacturers.

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Increasing gasoline engines to lead the growing demand for palladium metal in the ECC market.

Based on metal type, the ECC market has been segmented into four types, namely, palladium, platinum, rhodium, and others. Palladium based ECC is mainly in demand in 2018 as it has the ability to maintain acceptable performance at sustained temperature for a lifetime. Also, the metal has a high tolerance of high temperatures better than other metals. It is more widely used in gasoline-based engines than in diesel engines. As palladium is less expensive than platinum, its usage is projected to increase gradually in the market during the forecast period

APAC is the leading region in the ECC market.

APAC is the largest market for ECCs. Industrialization, growing population, and urbanization of APAC are boosting the ECC market. The major end-users of ECC in the region are light-duty vehicles (LDV), power plants, chemical plants, and motorcycles. The increasing use of ECC in passenger vehicles in the region is contributing to the growth of the automotive catalyst market. China is a key consumer of ECCs in the APAC. The demand from India and China is growing at an extensive rate because of the growing automotive base and the rapid expansion of the automotive industry in these countries. As a result, several leading players are expanding their manufacturing facilities in this region. For instance, in 2017, Johnson Matthey expanded its auto-catalyst production facility in Shanghai, China and in 2018 BASF, invests in new mobile emission catalysts production facility in China to meet customer demand.

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Alpha Olefin Sulfonate (AOS) Market by Analysis, by Production, Revenue, Gross Margin and Trends 2030

The Alpha Olefin Sulfonate market is projected to reach USD 479.7 million by 2030, at a CAGR of 2.3% from USD 399.9 million in 2022. High demand for cleaning products, rising awareness for workplace and personal hygiene along with biodegradability property is driving the demand for alpha olefin sulfonates. The global demand for alpha olefin sulfonates from various applications including detergents, shampoos, bar soap, and others is expected to increase during the forecast period. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=248443464 Market Dynamics Driver: High Demand for Cleaning Products The demand for cleaning products such as shampoos, soaps, face wash, and detergents are high resulting in increased demand for alpha olefin sulfonate used as surfactant. Alpha olefin sulfonate has high foamability and compatibility with skin and fabrics resulted in becoming the key ingredient in detergent and cosmetic sector. It is free from skin irrit

Polybutene Market Shares, Strategies, and Forecasts Analysis 2027

The Polybutene Market is projected to reach USD 446.1 million by 2027, at a CAGR of 2.1 % from USD 402.3 million in 2022. The rising demand for polybutene to is expected to fuel the market growth. It offers high strength and superior performance properties with customized sealing temperatures. Due to these properties, it is widely used in seal-peel or easy peel packaging for meats, cheese and other products. Download PDF Brochure At https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173570460 “Based on grade, extrusion is projected to grow at highest CAGR during the forecast period” Extrusion grade is projected to grow at highest CAGR during the forecast period. The high demand for polybutene in construction sector is driving the market growth. Due to its superior chemical and mechanical properties, polybutene is widely used advanced construction systems. “Packaging system is projected to be the fastest growing application in polybutene market, in terms of value”

Digitally Printed Wallpaper Market Statistics, Trends, Growth and Demand Report 2022- 2027

The global digitally printed wallpaper market size in 2022 is estimated at USD 4.7 billion and is projected to reach USD 13.1 billion by 2027, at a CAGR of 22.4% from 2022 to 2027. The major drivers for the market include an growth in urbanization and increasing construction activities. However, rivalry from paint & coating producers limits the market growth. Moreover, the ever-increasing growth in commercial and marketing sectors is projected to boost the market for digitally printed wallpaper. Browse 162 market data Tables and 28 Figures spread through 152 Pages and in-depth TOC on "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Global Forecast to 2027 " Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=81489419 Key companies such as A.S. Création Tapeten AG (Ger

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