Stationary Emission Control Catalyst Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Stationary Emission Control Catalyst Market Analysis
The market for stationary emission control catalysts is expected to register a CAGR of over 4% during the forecast period (2022-2027).
- One of the major factors driving the market studied is increasing demand due to stringent emission standards of developed countries and the 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 for the market.
- Europe dominated the global stationary emission control catalyst market, and North America is expected to show the fastest growth during the forecast period.
Stationary Emission Control Catalyst Market Trends
This section covers the major market trends shaping the Stationary Emission Control Catalyst Market according to our research experts:
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 NOx dissociation. The reduction of NOx from power plants is essential, as it helps to control acid rain and photochemical smog.
- Global coal-fired power generation rebounded strongly in 2021, spurred by rising gas prices in the United States and Europe and increased economic activity in China. With electricity demand outpacing low-carbon supply and steeply rising natural gas prices, global coal power generation is increased by 9% in 2021 to 10,350 terawatt-hours (TWh) - a new all-time high. However, coal's share of the global power mix in 2022 is expected to be 36%.
- SCR has also been commercialized in Germany, China, and Taiwan. Existing coal-fired plants are generally equipped with emission control systems to reduce traditional pollutants, such as SOx, NOx, and particulate matter.
- In developed countries, the demand is mainly driven by legislative changes. On 14 July 2021, the European Commission adopted a series of legislative proposals setting out how it intends to achieve climate neutrality in the EU by 2050, including the intermediate target of at least 55% net reduction in greenhouse gas emissions by 2030. The package proposes to revise several pieces of EU climate legislation, including the EU ETS, Effort Sharing Regulation, and transport and land use bill, setting out how the Commission intends to reach EU climate targets under the European Green Deal.
- 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 will likely account for the highest market share during the forecast period.
North America to Witness the Highest Growth Rate
- There are over 3,400 fossil-fuel-fired power plants in the United States. Therefore, the emission of harmful gases in the environment was high. To control this, in August 2015, the Environment Protection Agency (EPA) issued the clean power plan.
- In addition to this, the EPA has stationary engine regulations that need to be followed, which are given under National Emission Standards for Hazardous Air Pollutants (NESHAP) and New Source Performance Standards (NSPS). This emission control plan and EPA regulations are driving the market for emission control catalysts in the country.
- The other end-user industry is the chemical industry, which is one of the largest industries in the United States. The United States chemical industry is a USD 768 billion enterprise that accounts for 25% GDP. It is one of the top exporting sectors in the country, accounting for around 15% of the global chemical shipments.
- The United States is a world leader in chemical production and exports. Thus, the consumption of stationary emission control catalysts is high, and it is expected to increase further during the forecast period.
- Canada has emission control guidelines under the Clean Air Act, which are to be followed. Hence, due to these environmental regulations, the consumption of stationary emission control catalysts is increasing.
- Owing to the aforementioned reasons, North America is likely to witness the highest growth rate during the forecast period.
Stationary Emission Control Catalyst Industry Overview
The market for stationary emission catalysts is highly concentrated. Some of the major players in the market include Johnson Matthey, Cormetech Inc., Hitachi Zosen Corporation, Umicore, CATALER CORPORATION, and BASF SE, among others.
Stationary Emission Control Catalyst Market Leaders
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Johnson Matthey
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Cormetech Inc.
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Umicore
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Hitachi Zosen Corporation
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Stationary Emission Control Catalyst Market News
In July 2021, BASF expanded its chemical catalyst recycling capacity and capability with the acquisition of Zodiac Enterprises LLC in Caldwell, Texas.
In July 2021, Clariant Catalysts expanded and enhanced its capacity for emission control catalysts to meet growing global demand, particularly in China. The company commenced operations at an additional, upgraded production facility in Heufeld, Germany, which features state-of-the-art production equipment exclusively dedicated to emission control catalysts.
Stationary Emission Control Catalyst Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand due to Stringent Emission Standards of Developed Countries
- 4.1.2 Increasing Thermal Power Production Capacity in China and India
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4.2 Restraints
- 4.2.1 Decline in Coal Based Thermal Power Generation in Western European Countries
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Catalyst Type
- 5.1.1 Honeycomb Catalyst
- 5.1.2 Plate Catalyst
- 5.1.3 Corrugated Catalyst
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5.2 Process Type
- 5.2.1 Selective Catalytic Reduction
- 5.2.2 Non-selective Catalytic Reduction
- 5.2.3 Diesel Particulate Filters
- 5.2.4 Catalytic Oxidation
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5.3 Application
- 5.3.1 Power Generation (Excluding Coal based)
- 5.3.2 Coal-based Thermal Power Generation
- 5.3.3 Industrial
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 ASEAN Countries
- 5.4.1.6 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 Italy
- 5.4.3.4 Russia
- 5.4.3.5 Rest of the Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/ Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Cataler Corporation
- 6.4.3 CDTi Advanced Materials Inc.
- 6.4.4 Clariant
- 6.4.5 CRI Catalyst Company
- 6.4.6 CORMETECH
- 6.4.7 Corning Incorporated
- 6.4.8 DCL International Inc.
- 6.4.9 Hitachi Zosen Corporation
- 6.4.10 Honeywell International Inc.
- 6.4.11 IBIDEN Porzellanfabrik Frauenthal
- 6.4.12 JGC C&C
- 6.4.13 Johnson Matthey
- 6.4.14 Umicore
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityStationary Emission Control Catalyst Industry Segmentation
Stationary emission control Catalyst is used to treat greenhouse gases like carbon dioxide (CO2). The stationary emission control Catalyst market is segmented by Catalyst Type, Process Type, Application type, and geography. By Catalyst type, the market is segmented into Honeycomb Catalyst, Plate Catalyst, and Corrugated Catalyst. By Process Type, the market is segmented into Selective Catalytic Reduction, Non-selective Catalytic Reduction, Diesel Particulate Filters, and Catalytic Oxidation. By Application type, the market is segmented into Power Generation, Coal-based Thermal Power Generation, and Industrial. The report also covers the market size and forecasts for the Stationary emission control catalyst market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Catalyst Type | Honeycomb Catalyst | |
| Plate Catalyst | ||
| Corrugated Catalyst | ||
| Process Type | Selective Catalytic Reduction | |
| Non-selective Catalytic Reduction | ||
| Diesel Particulate Filters | ||
| Catalytic Oxidation | ||
| Application | Power Generation (Excluding Coal based) | |
| Coal-based Thermal Power Generation | ||
| Industrial | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| Russia | ||
| Rest of the Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Stationary Emission Control Catalyst Market Research FAQs
What is the current Stationary Emission Control Catalyst Market size?
The Stationary Emission Control Catalyst Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Stationary Emission Control Catalyst Market?
Johnson Matthey, Cormetech Inc., Umicore, Hitachi Zosen Corporation and BASF SE are the major companies operating in the Stationary Emission Control Catalyst Market.
Which is the fastest growing region in Stationary Emission Control Catalyst Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Stationary Emission Control Catalyst Market?
In 2024, the Europe accounts for the largest market share in Stationary Emission Control Catalyst Market.
What years does this Stationary Emission Control Catalyst Market cover?
The report covers the Stationary Emission Control Catalyst Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Stationary Emission Control Catalyst Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Stationary Emission Control Catalyst Industry Report
Statistics for the 2024 Stationary Emission Control Catalyst market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Stationary Emission Control Catalyst analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
