With the advent of
emission regulation policies, such as the Euro standards in Europe,
National Ambient Air Quality Standards in the USA and Bharat Stage
emission standards in India, there has been a revolution in the
production of emission control equipments, specifically catalyst
based. Catalysts are used in gasoline or diesel based internal
combustion engines. At the onset of the environmental emission
regulations, catalysts were only made compulsory for automobiles but
with the progress in technology and extent of emissions from
production facilities across the world, catalysts were considered
necessary for industrial and power plants as well. Emissions
occurring from automobiles, heavy duty equipments and industrial
plants, besides containing carbon dioxide, also possess certain other
compounds, such as carbon monoxide, nitrous oxides and unburnt or
partially burnt fuels, which are extremely hazardous for the
environment. The regulations have been put in place to curb the
emission of such compounds in order to protect the ecology. Catalysts
curb the emission of such compounds, convert them to non-hazardous
materials and then release them into the atmosphere.
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Research Report of Emission Control Catalysts Market :
One of the most
important drivers for the market is the stringent environmental
policies that have been adopted by various governments and
environmental protection agencies. These directives guide the market
to improve emission control technologies and make them standardized
and compliant across the planet. Another driver is the continuous
development of new and upgraded catalysts across the market that
prompts automobile and industrial catalyst manufacturers to innovate,
thus causing replacement of the older catalysts. On the other hand,
catalysts face constraints in the form of being expensive to procure
or replace. Additionally, since catalytic converters emit carbon
dioxide after conversion of hazardous elements, they are faintly
responsible for the increased amount of carbon dioxide in the
atmosphere. But regardless of the pros and cons of catalysts, market
opportunities lie in emerging markets, especially India and China
that will affect the market in the near future.
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Report :
Catalytic converters
can be classified based on the application that they are being
installed for and type of engine. Based on application, catalysts are
industrial or automotive. Under the automotive segment, catalysts can
be installed in passenger vehicles, trailers, buses, tractors and
earth moving equipment and even aircrafts. For industrial use, the
type of catalyst to be installed is decided based on the
environmental norms imposed on the particular industry i.e. a
petroleum refinery would need the highest grade of catalysts as
compared to a food processing unit. Based on the type of engine,
catalysts are different for internal combustion engines as compared
to spark ignition ones.
Regionally, emission
control catalyst market has seen the most growth from North America,
due to the highest number of automobiles and industries existing in
the region, specifically in the U.S. Due to stringent Euro standards;
Europe has also seen increased demand for catalysts, mainly from
Germany, Switzerland, Austria, Netherlands, Norway and the United
Kingdom. The Asia Pacific expanse is currently seeing a rise in
emission control catalyst demand due to the industrialization of
emerging economies, essentially from India, China, Malaysia, Vietnam,
Pakistan and Japan. Across the rest of the world, heavy demand can be
witnessed from U.A.E., Oman, Saudi Arabia, Nigeria, Libya and Brazil.
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Some of the
companies involved in the manufacturing of control catalysts are:
Tenneco Inc., DCL International Inc., KATCON Global, Eastern
Manufacturing Inc., Bastuck GmbH &Co., Bosal Nederland B.V. and
AirTek Inc.
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