PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627772
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627772
The emission control catalyst market is expected to grow at a CAGR of 8.84%, reaching a market size of US$70.502 billion in 2030 from US$46.205 billion in 2025.
The global market size for emission control catalysts will grow substantially throughout the forecast duration. Catalytic converters use emission control catalysts to reduce harmful emissions into the atmosphere. As environmental worries develop, industry individuals undertake new substances, techniques, approaches, and technologies. The number one purpose of the economic, industrial, and governmental sectors is to lessen the amount of emissions. To lower the damaging carbon emissions, catalytic converters use catalysts for pollutant management. Leaders in the enterprise are pushing new technology, systems, strategies, and merchandise in reaction to developing environmental worries. States, organizations, and industry sectors prioritize regulating a variety of pollution.
In addition, the market is being driven by urbanization and industrialization. The industrial sector is growing due to the increased demand for industrial goods and services brought about by more people living in cities. The expansion of the industrial sector releases dangerous gases into the atmosphere. ECCs are widely used in this sector to cut harmful gas emissions. The ECC market is expanding due to the rising demand for industrial goods and services brought on by industrialization and urbanization. For instance, in 2023, CO2 emissions linked to energy increased by 1.1% globally, rising by 410 million tonnes (Mt) to a new record high of 37.4 billion tonnes (Gt).
Emission control catalyst Market Drivers
Strict standard emission and fuel economy regulations have been imposed by several governments worldwide on fueled passenger cars. The industry for emission control catalysts is predicted to grow as a result of these standard regulations, which have forced automakers to use more of them in their vehicles to lower their carbon footprints, reduce air pollution, and maintain performance and safety.
Moreover, fuel consumption standards for light-duty cars are set by emission regulations such as the Greenhouse Gas Emission Standards and Corporate Average Fuel Economy (CAFE). Government regulations have ensured that car manufacturers may have to produce cars that adhere to these standards and reduce the number of dangerous pollutants entering the environment.
Emission Control Catalyst Market Geographical Outlook
The emission control catalysts market is expected to grow significantly in the Asia-Pacific region because of the high demand for emission control technologies in this area. Emissions from a variety of sources, including power plants, transportation, and industrial processes, have increased as a result of the region's rapid industrialization and urbanization.
As a result, there has been more emphasis on lowering emissions to enhance air quality and lessen the impact on the environment. This has raised the levels of air pollution. The demand for emission control catalysts has increased as a result of the region's governments enacting stringent emission regulations and encouraging the adoption of emission control technologies.
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