Global Stationary Emission Control Catalyst Market – Growth, Trends, And Forecast (2020 – 2025)
The report presents an in-depth assessment of the Global Stationary Emission Control Catalyst including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Stationary Emission Control Catalyst investments from 2020 till 2025.
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The Global Stationary Emission Control Catalyst market is highly competitive and consists of a number of major players. Companies, like BASF SE, Cataler Corporation, CDTi Advanced Materials Inc., Clariant, CRI Catalyst Company, CORMETECH, Corning Incorporated, DCL International Inc., Hitachi Zosen Corporation, Honeywell International Inc., IBIDEN Porzellanfabrik Frauenthal, JGC C&C, Johnson Matthey, Umicore among others.
The market for stationary emission control catalysts is expected to register a CAGR of over 8%. One of the major factors driving the market studied is increasing demand due to stringent emission standards of developed countries and increasing use of oxidation catalysts on gas turbine power.
– Volatility in Precious Group Metal Prices is likely to act as a restraint to the market studied.
– The development of catalytic components for the developing fuel cell industry is likely to act as an opportunity to the market.
– Europe dominated the global stationary emission control catalyst market and North America is expected to show fastest growth during the forecast period.
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Key Market Trends:
Power Industry to Dominate the Market
– The control of power plant emissions is a major area of application for stationary catalysts. In particular, NOx emissions are removed either by SCR or through NOx dissociation. The abatement of NOx from power plants is important, as it helps to control acid rain and photochemical smog.
– It was first commercialized in Japan, SCR is extensively used in the country. Currently, it has also been commercialized in Germany, China, and Taiwan. Existing coal-fired plants are generally equipped with emission control systems for reduction of traditional pollutants, such as SOx, NOx, and particulate matter.
– In the developed countries, the demand is mostly driven by legislative changes, while economic growth is the major source in emerging and developing countries. While emission standards and environmental norms are becoming stricter in developed countries, growth in vehicle production, fuel consumption, and the growth in chemical production are the key drivers for the stationary emission control catalyst market in emerging markets.
– The stationary catalyst segment is growing considerably faster than the underlying industries, owing to constant innovation, which helps client companies save money and allow catalyst producers to charge a premium for their products.
– Hence, the power industry is likely to account for the highest market share during the forecast period.
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The key insights of the Stationary Emission Control Catalyst Market report:
- The report provides key statistics on the market status of the Stationary Emission Control Catalyst market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The Stationary Emission Control Catalyst market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2020-2025 market development trends of Stationary Emission Control Catalyst Market.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
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