The Emission Control Catalysts (ECC) Market size is estimated at USD 42.9 billion in 2021 and is projected to reach USD 59.8 billion by 2026, at a CAGR of 6.9% during the forecast period.
The major players in the market include BASF Catalyst (Germany), Johnson Matthey (UK), Umicore (Belgium), Corning Incorporated (US), Tenneco (US), Clariant (Switzerland), Cataler (Japan), Heraeus (Germany), Haldor Topsoe (Denmark), Cormetech (US), IBIDEN (Japan), and INTERKAT (Germany).
These players have adopted various growth strategies to expand their presence in the market further. New product launch, investment & expansion, and merger & acquisition have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global ECC market.
The major factors driving the ECC market include growth of the global automobile industry and increasing harmful emissions from various industries. Automotive exhaust systems and industrial machinery release CO, NOx, HC, CO2, and particulate matter into the environment, which are major contributors to greenhouse gases (GHGs). ECCs limits the emissions from automotive, industrial units, marine and other mobile and stationary sources of emission. PGM metals such as platinum, palladium, and rhodium oxidize pollutants and convert them into less harmful emissions such as nitrogen and hydrogen.
Increasing gasoline engines to lead the growing demand for palladium metal in ECC market.
On the basis of metal type, the ECC market has been segmented into four types, namely, palladium, platinum, rhodium, and others. Palladium metal has the ability to maintain acceptable performance at sustained temperature for the lifetime. in addition, the metal has high toleration of high temperatures better than other metals.
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The Johnson Matthey is the largest producers of ECC in the world. The company has manufacturing facilities in North America, Latin America, Europe, Africa, and Asia-Pacific. In recent years, Johnson Matthey has adopted several business strategies to strengthen its position in the market. It has adopted various growth strategies, including investment & expansion, and new product launch, to maintain its leading position in the ECC market. For example, in March 2019 launched an innovative automatically regenerating ActivDPFTM diesel particulate filter (DPF) system for stationary diesel engines. This will help in delivering clean energy whenever needed. In August 2018, the company planned to construct a new 50,000 square-meter manufacturing facility for automotive catalyst in Zhangjiagang, China.
BASF Catalyst is one of the major player operating in the ECC market. The group has 30 manufacturing facilities worldwide and produces mobile as well as stationary emission catalysts for worldwide customers. The company has adopt new product launch and expansion strategies in order to broaden its product portfolio, and maintain its position in the market. In December 2018, the company announced the construction of its new mobile emission catalyst production site in Shanghai, China. This expansion added 30,000 square-meters facility which will include multiple manufacturing lines, providing a full range of emissions control technologies for heavy-duty and light-duty vehicle manufacturers.
Increasing gasoline engines to lead the growing demand for palladium metal in the ECC market.
Based on metal type, the ECC market has been segmented into four types, namely, palladium, platinum, rhodium, and others. Palladium based ECC is mainly in demand in 2018 as it has the ability to maintain acceptable performance at sustained temperature for a lifetime. Also, the metal has a high tolerance of high temperatures better than other metals. It is more widely used in gasoline-based engines than in diesel engines. As palladium is less expensive than platinum, its usage is projected to increase gradually in the market during the forecast period
APAC is the leading region in the ECC market.
APAC is the largest market for ECCs. Industrialization, growing population, and urbanization of APAC are boosting the ECC market. The major end-users of ECC in the region are light-duty vehicles (LDV), power plants, chemical plants, and motorcycles. The increasing use of ECC in passenger vehicles in the region is contributing to the growth of the automotive catalyst market. China is a key consumer of ECCs in the APAC. The demand from India and China is growing at an extensive rate because of the growing automotive base and the rapid expansion of the automotive industry in these countries. As a result, several leading players are expanding their manufacturing facilities in this region. For instance, in 2017, Johnson Matthey expanded its auto-catalyst production facility in Shanghai, China and in 2018 BASF, invests in new mobile emission catalysts production facility in China to meet customer demand.
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Recent Developments
In 2021, BASF expanded its production capacity of mobile emission catalysts in Chennai, India. The strategic expansion is aimed towards increasing the capacity for heavy-duty on and off-road segment automotive
In 2019, Johnson Matthey launched an innovative automatically regenerating ActivDPFTM diesel particulate filter (DPF) system for stationary diesel engines. This will help in delivering clean energy, without depending on a filter monitoring system. This new development will help the company to meet the need of customers in the automobile industry.
In 2017, Umicore acquired the heavy-duty diesel businesses of Haldor Topsoe, a Denmark-based ECC manufacturer. The acquisition is expected to help the company gain customer bases in Europe and China as well as the emission control technology for heavy-duty diesel applications.
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