Market Size of Stationary Emission Control Catalyst Industry
| 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 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 | ||||||||
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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.
Stationary Emission Control Catalyst Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand due to Stringent Emission Standards of Developed Countries
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1.1.2 Increasing Thermal Power Production Capacity in China and India
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1.2 Restraints
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1.2.1 Decline in Coal Based Thermal Power Generation in Western European Countries
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Catalyst Type
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2.1.1 Honeycomb Catalyst
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2.1.2 Plate Catalyst
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2.1.3 Corrugated Catalyst
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2.2 Process Type
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2.2.1 Selective Catalytic Reduction
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2.2.2 Non-selective Catalytic Reduction
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2.2.3 Diesel Particulate Filters
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2.2.4 Catalytic Oxidation
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2.3 Application
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2.3.1 Power Generation (Excluding Coal based)
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2.3.2 Coal-based Thermal Power Generation
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2.3.3 Industrial
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 Russia
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2.4.3.5 Rest of the Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Stationary Emission Control Catalyst Market Size 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.
