Emission Control Catalyst Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for catalysts for exhaust gas cleaning is expected to grow at a rapid pace in the coming years, from an estimated $ 7.68 billion in 2024 to $ 12.3 billion in 2035. This growth rate represents a CAGR of 4.38 % between 2025 and 2035. The increasing demand for cleaner technology and the growing need for regulatory compliance are the main drivers of this market. The governments of the world are introducing stricter environmental regulations, which is leading to a growing need for advanced exhaust gas cleaning solutions, which is driving innovation and investment in this field. The technological progress in the formulation of catalysts and in the production of catalysts is also driving the market. Catalyst manufacturers are striving to develop more efficient catalysts that can operate in a wider range of conditions, which can reduce harmful emissions more effectively. The leading companies in the market, such as BASF, Johnson Matthey and Umicore, are strengthening their positions in the market through strategic alliances and product launches. Recent collaborations, for example, to develop the next generation of catalysts, have shown the industry's commitment to innovation and the environment, further driving the market.

Regional Market Size

Regional Deep Dive

The Emission Control Catalyst Market is experiencing significant growth across regions, mainly due to the increasing regulatory environment, technological advancements, and the growing emphasis on sustainable practices. In North America, stringent emissions standards and a shift towards cleaner fuels are driving the demand for advanced catalysts. In Europe, the European Union's commitment to reducing greenhouse gas emissions has accelerated the development of new catalysts. Meanwhile, the Asia-Pacific region is experiencing a boom in industrialization and urbanization, which is leading to increased air pollution and a growing need for effective emission control solutions. The Middle East and Africa are also emerging markets, as investment in the refining and petrochemical industries drives the adoption of emission control catalysts. Latin America, although still in its developmental stage, is beginning to realize the importance of emission control in its industrial sectors, which have been influenced by the increasing focus on sustainable practices.

Europe

• The European Union's Green Deal aims to make Europe the first climate-neutral continent by 2050, driving significant investments in emission control technologies and fostering collaborations among companies like Umicore and Heraeus.
• The introduction of Euro 7 emission standards is pushing automotive manufacturers to adopt more sophisticated catalyst technologies, with companies like Volkswagen and BMW leading the charge in developing cleaner vehicles.

Asia Pacific

• China's stringent air quality regulations are prompting rapid advancements in emission control technologies, with local companies like China National Petroleum Corporation (CNPC) investing heavily in catalyst development.
• The country's thrust towards electric vehicles and cleaner fuels is reshaping the market. The government's FAME (Faster Adoption and Manufacturing of Electric Vehicles) programme is encouraging the use of catalysts in the automobile sector.

Latin America

• Brazil's National Policy on Climate Change is encouraging the adoption of cleaner technologies, including emission control catalysts, particularly in the automotive and industrial sectors.
• Mexico's automotive industry is rapidly evolving, with major manufacturers like Nissan and Volkswagen implementing advanced emission control systems to comply with new environmental regulations.

North America

• The U.S. Environmental Protection Agency (EPA) has implemented stricter regulations on vehicle emissions, leading to increased demand for advanced emission control catalysts from automotive manufacturers such as Ford and General Motors.
• Recent innovations in catalyst formulations, including the use of palladium and platinum, have been developed by companies like BASF and Johnson Matthey to enhance the efficiency of emission control systems in response to regulatory pressures.

Middle East And Africa

• The Middle East's oil and gas sector is increasingly focusing on reducing emissions, with companies like Saudi Aramco investing in advanced catalyst technologies to meet international environmental standards.
• The African Development Bank is funding projects aimed at improving air quality in urban areas, which is expected to drive the adoption of emission control catalysts in cities like Johannesburg and Nairobi.

Did You Know?

“Did you know that the use of emission control catalysts can reduce harmful pollutants by up to 90% in some applications, significantly improving air quality?” — Environmental Protection Agency (EPA)

Segmental Market Size

A critical segment in the broader area of automobile and industrial exhaust systems, is experiencing a period of stable growth, driven by the tightening of regulations and the growing demand for cleaner technology. The implementation of new, stricter regulations such as the EURO 6 and EPA standards, which have forced manufacturers to adopt new, more advanced catalytic solutions in order to meet the requirements, is driving this segment. Also, consumers’ increasing awareness of the environment is pushing automobile companies to further develop their exhaust-cleaning technology. The market is currently in a stage of mature implementation, with BASF, Johnson Matthey and Umicore leading the way in developing new formulations and applications for the catalysts. The most significant markets are Europe and North America, where regulations are the most stringent. The main applications for exhaust catalysts are in the exhaust systems of petrol and diesel cars and in industrial processes such as the generation of electricity and the manufacture of chemicals. In addition, the development of electric vehicles and the drive to reduce the carbon footprint of vehicles are expected to boost growth. Progress in catalytic technology, including the development of more efficient precious metal-based catalysts, will shape the evolution of this segment.

Future Outlook

The Emission Control Catalyst Market is expected to grow at a CAGR of 4.38 % from 2024 to 2035. This growth is mainly due to the increasing number of regulations aimed at reducing emissions from vehicles and improving air quality, especially in urban areas. The implementation of stricter emission standards worldwide will result in a sharp increase in the demand for advanced catalytic converters and other emissions control systems, which will increase penetration to an estimated 60 % of new vehicles in 2035. Also, the development of more efficient catalysts and the integration of hybrid and electric vehicles will also contribute to the market's growth. Moreover, innovations in catalysts, including the use of precious metals and alternative materials, will improve performance and reduce costs, thereby making emissions control solutions more affordable. Also, the growing concern for sustainability and social responsibility of car manufacturers will accelerate the adoption of emission control catalysts, which will support the fight against climate change. Emission control catalysts will thus be an essential part of the transition to cleaner mobility solutions.