LONDON, Jan. 11, 2017 /PRNewswire/ -- The future of the global emission control catalyst market looks promising with opportunities in the segments of transportation, industrial, and others. The global emission control catalyst market is expected to reach an estimated $14.82 billion by 2021 and it is forecast to grow at a CAGR of 7.7% from 2016 to 2021. The major growth drivers of growth for this market are stringent environmental policies adopted by various governments and environmental protection agencies combined with an increase in vehicle production and growth in industrial sectors.
Emerging trends, which have a direct impact on the dynamics of the market, include increasing demand for new cold start concept catalysts and increasing uses of the four way catalyst.
A total of 111 figures / charts and 103 tables are provided in this 185-page report to help in your business decisions. To learn the scope of, benefits, companies researched and other details of this report, ask for the report brochure.
The study includes a forecast for growth opportunities in the global emission control catalyst market by metal type, end use industry, vehicle type, and region, as follows:
By metal type [$ Billion Shipment from 2010 to 2021]:
By end use industry [$ Billion Shipment from 2010 to 2021]:
By vehicle type [$ Billion Shipment from 2010 to 2021]:
- Light Duty Vehicle
- Heavy Duty Vehicle
By fuel type [$ Billion Shipment for 2015]:
- Gasoline Vehicles
- Diesel Vehicles
By region [$ Billion Shipment from 2010 to 2021]:
- North America
- Asia Pacific
- The Rest of the World
Johnson Matthey, BASF, and Umicore are among the major suppliers of emission control catalysts.
On the basis of its comprehensive research, Lucintel forecasts that the industrial segment is expected to show above average growth during the forecast period.
Within the global emission control catalyst market, the transportation application segment is expected to remain the largest market. Economic development in Asia Pacific, particularly China and India, has presented opportunities for emission control catalysts in the transportation industry, which would spur growth for this segment over the forecast period. The light duty vehicle segment is expected to remain the largest market in the transportation industry due to increasing light duty vehicle production especially in the APAC region.
Europe is expected to remain the largest region due to stringent emission regulations, such as Euro 6, and increasing vehicle production.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the emission control catalyst market by end use industry (transportation, industrial, and others), metal type (platinum, palladium, rhodium, and others), vehicle type (light duty vehicle and heavy duty vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which product segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M&A activity has transpired in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the manufacturers in global emission control catalyst market are BASF Catalysts LLC, Johnson Matthey, Umicore SA and others. Some of the catalytic converters in this market are three-way catalytic converter, four-way catalytic converter, diesel oxidation catalytic converter, and others.
Download the full report: https://www.reportbuyer.com/product/4598064/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-in-global-emission-control-catalyst-market-300389586.html