Stationary Emission Control Catalyst Market Size (2024 - 2029)

The stationary emission control catalyst market is anticipated to experience growth driven by the increasing demand stemming from stringent emission standards in developed countries and the rising application of oxidation catalysts in gas turbine power. However, fluctuations in precious metal prices may pose challenges to the market's expansion. Opportunities are emerging from the development of catalytic components for the evolving fuel cell industry. Europe currently leads in market share, while North America is projected to witness the most rapid growth in the coming years.

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Market Size of Stationary Emission Control Catalyst Industry

Stationary Emission Control Catalysts 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

Stationary Emission Control Catalyst Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
Russia
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Stationary Emission Control Catalyst Market Size Summary

The stationary emission control catalyst market is poised for significant growth, driven by the increasing demand for stringent emission standards in developed countries and the rising application of oxidation catalysts in gas turbine power systems. The market is experiencing a surge in innovation, allowing catalyst producers to offer premium products and enabling client companies to achieve cost savings. Europe currently leads the market, while North America is anticipated to exhibit the fastest growth due to robust regulatory frameworks and a strong chemical industry presence. The market's expansion is further supported by the development of catalytic components for the emerging fuel cell industry, despite challenges posed by the volatility in precious group metal prices.

The power industry is a major application area for stationary emission control catalysts, particularly in reducing NOx emissions to combat acid rain and photochemical smog. The global rebound in coal-fired power generation, driven by rising gas prices and increased economic activity, underscores the need for effective emission control systems. In the United States, regulatory measures such as the Clean Power Plan and EPA regulations are pivotal in driving market growth. The chemical industry also contributes significantly to the demand for these catalysts, with the United States being a leading producer and exporter. The market is characterized by a high concentration of key players, including Johnson Matthey, Cormetech Inc., and BASF SE, who are expanding their capacities to meet the growing global demand.

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Stationary Emission Control Catalyst Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand due to Stringent Emission Standards of Developed Countries

      2. 1.1.2 Increasing Thermal Power Production Capacity in China and India

    2. 1.2 Restraints

      1. 1.2.1 Decline in Coal Based Thermal Power Generation in Western European Countries

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Catalyst Type

      1. 2.1.1 Honeycomb Catalyst

      2. 2.1.2 Plate Catalyst

      3. 2.1.3 Corrugated Catalyst

    2. 2.2 Process Type

      1. 2.2.1 Selective Catalytic Reduction

      2. 2.2.2 Non-selective Catalytic Reduction

      3. 2.2.3 Diesel Particulate Filters

      4. 2.2.4 Catalytic Oxidation

    3. 2.3 Application

      1. 2.3.1 Power Generation (Excluding Coal based)

      2. 2.3.2 Coal-based Thermal Power Generation

      3. 2.3.3 Industrial

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 ASEAN Countries

        6. 2.4.1.6 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 Russia

        5. 2.4.3.5 Rest of the Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Stationary Emission Control Catalyst Market Size FAQs

The Stationary Emission Control Catalyst Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Johnson Matthey, Cormetech Inc., Umicore, Hitachi Zosen Corporation and BASF SE are the major companies operating in the Stationary Emission Control Catalyst Market.

Stationary Emission Control Catalyst Market Report Snapshots

Stationary Emission Control Catalyst Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)