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市場調查報告書
商品編碼
1071424
排放氣體控制催化劑:市場預測(2022年∼2027年)Emission Control Catalyst Market - Forecasts from 2022 to 2027 |
全球排放氣體控制催化劑的市場規模在2020年估算為128億4,300萬美金,在預測期間內預計將以10.75%的年複合成長率擴大,2027年成為262億5,300萬美元。市場成長的主要因素有嚴苛的環境法規和廢氣標準,以及全球汽車產業的盛況等。但電動車的人氣提升,可能妨礙評估期間中的市場成長。
本報告提供排放氣體控制催化劑的世界市場調查,提供市場規模和預測,市場促進因素及課題,市場趨勢,各市場區隔的市場分析,競爭情形,主要企業的簡介等系統性資訊。
The emission control catalyst market is evaluated at US$12.843 billion for the year 2020 and is projected to grow at a CAGR of 10.75% to reach the market size of US$26.253 billion by the year 2027.
An emission control catalyst breaks down solid particulates in a vehicle's or industrial machinery's engine exhaust systems in order to reduce the amount of harmful pollutants in the environment. Stringent environmental regulations and emission standards are significantly driving the demand for emission control catalysts across different industries. The booming global automotive industry is another major driver projected to propel the growth of the emission control catalyst market during the forecast period. Global automakers such as Ford Motors, BMW, and General Motors are increasingly investing in emission control catalysts such that automobiles manufactured by them strictly adhere to strict emission norms across different regions. However, the rising popularity of electric vehicles is likely to hamper the market growth during the assessment period.
The recent outbreak of the novel coronavirus diseases has a negative impact on the emission control catalyst market. The lockdowns implemented by governments all around the world during the pandemic, especially during the initial months of the outbreak, led to a halt in activities and a massive reduction of vehicles on the road. The demand for vehicles declined, which resulted in decreased demand for emission control catalysts and hence led to a decline in the market growth of emission control catalysts. However, as the activities have been restarted and the consumer demand for vehicles is gaining its usual pace, the market is expected to recover and continue at its normal pace from the second half of 2021 onwards.
The growing automotive industry
One of the prominent factors anticipated to drive the growth of the market during the forecast period is the growing automotive industry, as emission control catalyst are used in vehicles to reduce harmful emissions, and hence the demand for emission control catalysts has been increasing with the increasing production of automobiles. According to ANFAVEA, Brazil, the production of automobiles in Brazil has increased from around 2.18 million units in 2016 to 2.94 million units in 2019. As investment continues to percolate through the Brazilian economy with major global automobile manufacturers such as General Motors and Toyota setting up production facilities in the country, the demand for emission control catalysts is projected to grow. Another example of the rise in production and sales of automobiles is India. Between 2016-2020, domestic automobile production increased at a CAGR of 2.36%, with 26.36 million vehicles being manufactured in the country in FY20. Also, domestic sales of vehicles increased at a CAGR of 1.29% between FY16 and FY20 with 21.55 million vehicles sold in FY20. Furthermore, some countries, like Argentina, are building strategies to increase their automotive production to compete globally. The rising production and sales of automobiles are expected to stimulate the growth of the emission control catalyst market during the forecast period.
The growing concerns regarding climate change
One of the key factors supplementing the emission control catalyst market growth includes growing concerns regarding climate change and greenhouse emissions around the globe. Many countries around the world have become increasingly aware of the threats posed by pollution and greenhouse emissions, and as a result, various agendas and policies have been developed by governments to implement various measures to address pollution and climate change issues. The positive impact of using the emission control catalyst market, like reducing harmful emissions, has made the development of advanced emission control catalysts one of the many contributors towards reducing environmental pollution and climate change. Additionally, with severe limitations on vehicular emissions and government backing and motivators for the advancement of emission control catalysts, the worldwide emission control catalyst market is anticipated to grow during the forecast period.
The growing popularity of electric vehicles can have a negative impact.
Electric vehicles are gaining a significant amount of popularity as an alternative to traditional fossil fuel vehicles. The prices of electric cars have been reduced by the companies, making electric cars more popular and hence contributing to their market growth. The governments of various countries are providing subsidies for electric vehicles, and announcements have been made by major vehicle companies to produce more electric vehicles. Various countries like China have been investing heavily in electric vehicle infrastructure. Hence, the popularisation of the electric vehicle market could slow the growth of the emission control catalyst market in the coming five years.
Asia Pacific is witnessing the fastest growth
Geographically, Asia Pacific is projected to witness the fastest regional market growth during the forecast period on account of the rising manufacturing of automobiles coupled with the setting up of various industries in the region.
Market Segmentation
Palladium
Platinum
Rhodium
Others
Diesel Oxidation Catalyst
Lean NOx Trap
Selective Catalytic Reduction
Three-way Catalytic Converter
Four-way Catalytic Converter
On-Road Mobile Sources
Off-Road Mobile Sources
Stationary Sources
North America
South America
Europe
Middle East and Africa
Asia Pacific