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Emission Control Catalysts Market Foreseen to Grow Exponentially by 2026

  The automotive industry is one of the largest and most complex markets in the world, and as a result, it faces many challenges. One of these challenges is emission control, or the ability to reduce the amount of pollution produced by vehicles. With global emissions levels rising, companies are looking for ways to reduce their impact on the environment. The emission control catalysts market is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2016 to 2026, according to a report by MarketsandMarkets. The major factors driving the ECC market include growth of the global automobile industry and increasing harmful emissions from various industries. The emission control catalysts market is expected to grow at a CAGR of 7.3% during the forecast period 2017-2021, owing to factors such as growth of the global automobile industry and increasing harmful emissions from various industries. Emission control catalysts are used in various industrial processes to reduce...

BASF Catalysts LLC (U.S.) is one of the leading players in the ECC market

Europe is estimated to dominate the emission control catalyst (ECC) market , in terms of value and this trend is expected to continue till 2021. Countries in the region, such as Germany, France, UK, and Italy, are witnessing a gradual increase in the adoption of ECC in the automotive and industrial applications. Request to download PDF @ https://tinyurl.com/y8hzb2av The global ECC market is primarily driven by the increase in the penetration of automotive diesel engines set to increase the demand for diesel oxidation catalysts. The rise in gasoline (petrol) engines is providing a boost to the diesel engines especially in the developed markets such as Europe. The fluctuation in petrol prices has caused several drivers to switch to diesel, which is a low-octane, liquid fuel that offers better efficiency than petrol. This trend of increasing preference for diesel in a majority of the automotive markets is expected to drive the demand for diesel oxidation catalysts. For instanc...