New York, NY -- (SBWIRE) -- 02/25/2021 -- The Emission Control Catalyst Market is projected to reach USD 37.28 billion in 2027. Improved use of three-way oxidation reduction converters is expected to drive market development in automotive applications. Strict environmental regulations aimed at reducing carbon emissions in the major markets, including the US, Germany, Japan and India, are projected to have a favorable market impact over the forecast period.
Emerging economies, including China and India, are expected to meet increased household and industrial energy demand, coupled with favorable policies to implement emission reduction solutions to boost demand for catalysts.

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In terms of value, the automotive sector is projected to anticipate growth from 2019 to 2027. Mexico's emergence as a destination for automotive production due to rising domestic demand for passenger and commercial vehicles, along with proximity to the US, is expected to increase the application of the emission reduction catalyst in the coming years.

Over recent years, the costs of installing catalytic converters over engine systems for finished goods are growing for leading car manufacturers. The phenomenon is projected over the next years to lead significantly to the growing use of pollution control catalysts over car engine systems.

Key players in the market include:
- Solvay SA
- Johnson Matthey
- Umicore SA
- Corning Incorporated
- Aerinox Inc.
- Cormetech Inc.
- BASF
- DCL International Inc.
- Shell Global
- Clariant International Ltd.
- among others.

Fluctuating platinum group metals prices are anticipated to lead to a price rise for pollution control catalysts over the next five years, despite insufficient availability and the predominant use in jewelry and construction applications. Increasing cost of catalyst manufacturers to produce platinum-rhodium-palladium is expected to pave the way for new business opportunities in the coming years.

The COVID-19 impact:
The COVID-19 pandemic does not affect business profitability. Key market leaders are uncertain about the prospects of the industry, and are searching for solutions to this problem. Most hospitals have had a major impact on their pandemic services and other initiatives. There is no money in different parts of the world to avoid normal lockout. COVID-19 led to a significant decline in domestic demand for commodities, exports and imports. The world's largest businesses favor slashing their budgets to create cash reserves. Real rates of productivity will eventually lead to new ways of meeting consumer demand for employees and enterprises at a much lower rate.

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Further key findings from the report suggest
- The catalyst for reducing rhodium emissions is expected to grow from 2019 to 2027. Natural competitive properties in the catalyst industry are expected to enable the use of the component in conjunction with other metals like platinum and palladium and good consumer exposure.
- Rapid industrialization, especially in the Asian Pacific and Latin American emerging economies, coupled with enhanced ecological consciousness would fuel demand over the forecast period for the pollution control catalyst.
- The growth of volume from 2019 to 2027 is projected in Latin America. Thanks to the high prevalence of offshore petroleum basins, the number of installations of power plants will be increased in several oil and gas processing facilities in Brazil and Venezuela. Over the next few years, this aspect will boost the catalyst demand for Latin America's pollution regulation.
- Increasing R&D costs and forming strategic relationships with purchasers including catalytic converter suppliers will continue to be a key success driver in the coming years.
- In March 2019, Johnson Matthey introduced a groundbreaking Activ DPF Particle Filter (DPF) system for stationary diesel vehicles, which is automatically regenerated. It helps produce renewable electricity without the need for a filter control system. This latest technology would help the company fulfill the needs of automotive customers.

For the purpose of this report, Reports and Data has segmented into the Emission Control Catalyst Market on the basis of Product, Application, and Region:

Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Palladium
- Platinum
- Rhodium
- Others

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Automotive
- Industrial
- Others

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Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
o U.S
o Canada
- Europe
o U.K
o Germany
o France
o BENELUX
- Asia Pacific
o China
o Japan
o South Korea
o Rest of APAC
- Latin America
o Brazil
o Rest of LATAM
- MEA
o Saudi Arabia
o UAE
o Rest of MEA

Table of content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Emission Control Catalyst Market Segmentation & Impact Analysis
4.1. Emission Control Catalyst Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for automotive catalytic converters
Continued…

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