Emission Control Catalyst Market Worth $14.0 Billion by 2019

DALLAS, November 11, 2014 /PRNewswire/ --

The research report "Emission Control Catalyst Market, By Type (Platinum, Palladium, Rhodium & Others), Application (Automotive, Industrial and Others) & Geography - Regional Trends & Forecast to 2019", published by MarketsandMarkets, defines and segments the Emission control catalyst market with an analysis and forecast of value by type, such as platinum, palladium, rhodium and others. Along with this, the value and volumes of emission control catalyst by applications and regions are also discussed in the report.

Browse more than 117 Market Data Tables and 66 Figures spread through 220 Pages and in-depth TOC on "Emission Control Catalyst Market - Regional Trends & Forecast to 2019".
http://www.marketsandmarkets.com/Market-Reports/emission-control-catalyst-market-217359123.html

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The report also identifies the driving and restraining factors for emission control catalyst market with an analysis of drivers, restraints, opportunities, and strengths. The market is segmented and the value has been forecasted on the basis of important regions, such as Asia-Pacific, North America, Europe, and Rest of the World (RoW). Further, the market is segmented and the demand and value are forecasted on the basis of various key applications of emission control catalyst, such as automotive, industrial and other applications.

Precious group metal catalysts-key market for emission control catalyst  

The emission control catalyst market is segmented into four types: platinum based emission control catalyst, palladium based emission control catalyst, and rhodium based emission control catalyst and others. These types have application specific demands that are differentiated by cost, and efficiency. These precious group metals (PGM) are used in combinations in catalyst and also as individual metals.

There is also increase in use of palladium in automotive emission control because of cost, availability and performance advantages. Platinum's ability to perform both reduction and oxidation activities has made it the choice metal for catalytic converter systems.

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Emission control catalyst market value to reach $14.0 Billion by 2019 

The market for emission control catalyst, in terms of value, is estimated to reach $14.0 Billion by 2019, witnessing a CAGR of 10.40% between 2014 and 2019. In terms of volume, Europe dominated the emission control catalyst market in 2013 and is expected to register a steady CAGR by 2019. Due to more stringent emission standards, the emission control catalyst market is projected to witness a high growth rate in Asia Pacific and RoW. The emission control catalyst market in North America is projected to register a steady growth in coming decade due to gradual introduction of tighter emission control standards, growing automotive industry, and other industrial processing units in Mexico. The emission control catalyst market in Asia-Pacific is expected to grow at a higher CAGR between 2014 and 2019 due to economic development in the region and introduction of new regulations for emission control.

Asia-Pacific and RoW together are expected to account for around 33% of the emission control catalyst market, in terms of value, by 2019. 

ROW is estimated to be a growing market for emission control catalysts in the next five years. The Asia-Pacific will be the fast growing market, with main developments in China, India, South Korea, and Thailand. Asia-Pacific is expected to continue its status and dominate the market by 2019. Increasing emission standards and cost optimization are expected to drive the emission control catalyst market in Asia-Pacific.

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