Mobile Emission Catalysts Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023
Mobile Emission Catalysts Market Overview
Mobile emission catalysts are components in the automobile
emission control systems that reduce the emission of nitrogen oxides, carbon
monoxides, hydrocarbons, and other particulate matter. Oxidation catalysts
based on precious metals such as palladium, platinum, and rhodium are mainly
used in the emission control mechanisms of automobiles. The increasing demand
for these catalysts in Asia-Pacific is likely to contribute to the growth of
the global market in the years to follow.
Mobile Emission Catalysts Market Segmentation
The global COVID-19 analysis on mobile
emission catalysts market has been categorized on
the basis of precious metal, technology, vehicle type, and region.
Based on precious metal, the global market has been divided into
platinum, palladium, rhodium, and others. Among these, the palladium is
expected to be the dominant segment during the forecast period. This is mainly
attributed to the increasing demand for the metal due to its cost competitiveness
over platinum and similar performance in the gasoline (petrol) vehicles.
Furthermore, in the diesel engine catalytic converters, palladium gets readily
converted into catalytically active palladium oxide, as compared to other
metals, which is boosting demand for this metal as a diesel oxidation catalyst.
By technology, the global mobile emission catalysts
market report has been classified into three-way conversion
catalysts, selective catalytic reduction, diesel oxidation catalysts, lean GDI
catalysts, direct ozone reductions catalysts, diesel particulate filter,
natural gas catalysts, and others. The three-way conversion catalysts segment
is projected to be the leading technology segment during the forecast period
owing to its widespread use in both gasoline and diesel-powered engines. The
three-way catalyst oxidizes exhaust gas pollutants, both carbon monoxide and
hydrocarbons into CO2 and water, and reduce nitrogen oxides
into nitrogen.
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Mobile Emission Catalysts Market Regional Analysis
The global mobile emission
catalysts market value has been studied with
respect to five regions, namely Asia-Pacific, North America, Europe, Latin
America, and the Middle East & Africa. Europe is estimated to be the
dominant regional market during the forecast period. The increasing production
of automobiles in Western Europe and stringent environmental regulations for
minimizing harmful emissions from automobiles are the key factors driving the
regional market growth.
Competitive Analysis
The leading players in the global mobile emission catalysts market
are BASF SE (Germany), Johnson Matthey (UK), Clariant (Switzerland), Solvay
(Belgium), Umicore AG & Co. KG (Belgium), Cataler Corporation (Japan),
Heraeus Holding (Germany), Corning Incorporated (US), N.E. CHEMCAT (Japan), and
Zeolyst International, Inc (US), among others.
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