The Emission Control Catalysts (ECC) Market market size is estimated at USD 42.9 billion in 2021 and is projected to reach USD 59.8 billion by 2026, at a CAGR of 6.9% during the forecast period.
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.
The major factors driving the ECC market include
growth of the global automobile industry and increasing harmful emissions from
various industries. Automotive exhaust systems and industrial machinery release
CO, NOx, HC, CO2, and particulate matter into the environment, which are major
contributors to greenhouse gases (GHGs). ECCs limits the emissions from
automotive, industrial units, marine and other mobile and stationary sources of
emission. PGM metals such as platinum, palladium, and rhodium oxidize
pollutants and convert them into less harmful emissions such as nitrogen and
hydrogen.
Increasing gasoline engines to lead the growing
demand for palladium metal in ECC market.
On the basis of metal type, the ECC market has been
segmented into four types, namely, palladium, platinum, rhodium, and others.
Palladium metal has the ability to maintain acceptable performance at sustained
temperature for the lifetime. in addition, the metal has high toleration of
high temperatures better than other metals.
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APAC is the leading 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 vehicle
(LDV), power plants, chemical plants, and motorcycles.
The ECC market comprises major players such as BASF
catalyst (Germany), Johnson Matthey (UK), Umicore (Belgium), Tenneco (US),
Cataler (Japan), Heraeus (Germany), Bosal (Netherlands), Clean Diesel
Technologies (US), Cormetech (US), DCL International Inc. (Canada), Hitachi
Zosen Corporation (Japan), IBDIEN (Austria), Interkat (Germany), Kunming
Sino-Platinum Metals Catalyst (China), Nett Technologies (Japan), NGK
Insulators (Japan), Shell Global (Netherlands), Sinocat (China), and Zelolyst
International (US).
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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Recent Developments
- In 2021, BASF expanded its production capacity
of mobile emission catalysts in Chennai, India. The strategic expansion is
aimed towards increasing the capacity for heavy-duty on and off-road
segment automotive
- In 2019, Johnson Matthey launched an
innovative automatically regenerating ActivDPFTM diesel particulate filter
(DPF) system for stationary diesel engines. This will help in delivering
clean energy, without depending on a filter monitoring system. This new
development will help the company to meet the need of customers in the
automobile industry.
- In 2017, Umicore acquired the heavy-duty
diesel businesses of Haldor Topsoe, a Denmark-based ECC manufacturer. The
acquisition is expected to help the company gain customer bases in Europe
and China as well as the emission control technology for heavy-duty diesel
applications.
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