Research Industry Expert

  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...

  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. ...