Now Available: Emission Control Catalyst Market - Regional Trends & Forecast to 2019

Emission Control Catalyst Market by Type (Platinum, Palladium, Rhodium and Others), Application (Automotive, Industrial & Others), and Geography - Regional Trends & Forecast to 2019

The emission control catalyst market was estimated around $8.0 billion in 2013, with the high share of around 60% held by the Europe and Asia-Pacific together. The global emission control catalyst market by value is projected to grow at a CAGR of 10.4% from 2014 to 2019. The high growth is forecasted to be in the Europe due to the stringent emission control standards in the region. North America is estimated to have the second highest growth around 10.8% from 2014 to 2019.

The demand for advance emission controls systems is rising growing as due to gradual rise in strict emission control standards. environmental regulations are getting stringent day by day. Besides, tThe growing automotive industry and industrial processing units in developing nations is are also driving the market. On the other hand, catalyst dependence on temperature for performance is restraining posing as a challenge to the emission control catalyst market growth. Encouragement for the use of battery driven vehicles could also act as a hindrance challenge for the growth of emission control catalysts. market growth.

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Johnson Matthey PLC (FranceU.K.) and BASF Catalyst (U.S.) are the important active players in the emission control catalyst market. These companies showed the highest strategy adoptions amongst other players in the emission control catalyst market from 2010 to 2014.

From 2010 to 2014, expansion was observed as the most important growth strategy adopted by the major emission control catalyst manufacturers, accounting for a share of 46% of the total strategies adopted by the players. The other companies Cataler Corporation (Japan), Umicore SA (Belgium), and Clariant AG (Switzerland) also contributed to the market activities in the global emission control catalyst market during the above mentioned period.

The key companies offering emission control catalysts also collaborated with other players in the market to increase their presence in different regions and provide a wide variety of services. Companies like Johnson Matthey (U.K.) and BASF Catalyst (U.S.) have launched new products in order to enhance their product portfolio and expand their market share. Some companies have also followed the acquisition strategy to strengthen their position in the emission control catalyst market. The large players of the market actively participated in expanding their global reach and widening their services, while the small companies concentrated more on collaborating with leading players and providing quality services.

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