PUBLISHER: Grand View Research | PRODUCT CODE: 1654192
PUBLISHER: Grand View Research | PRODUCT CODE: 1654192
The global emission control catalyst market size is expected to reach USD 60.0 million by 2030, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 3.6% from 2025 to 2030. Improving application of three-way oxidation-reduction converters in automotive applications is expected to drive market growth. Stringent environment regulations aimed at reducing carbon emissions in the major markets including U.S., Germany, India and Japan is projected to have a favorable impact on the market over the forecast period.
The automotive sector is expected to foresee growth at a CAGR from 2025 to 2030, in terms of volume. The emergence of Mexico as an automotive production destination on account of rising domestic demand for passenger and commercial vehicles along with proximity to the U.S. is expected to increase the application of emission reduction catalyst over the next eight years.