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US Mobile Emission Catalysts Market

ID: MRFR/CnM/11751-CR
100 Pages
Garvit Vyas
December 2023

US Mobile Emission Catalysts Market Research Report Information By Metal Type (Palladium, Platinum, Rhodium And Others), By Technology (Three-Way Conversion Catalyst, Four-Way Conversion Catalyst, Diesel Oxidation Catalyst, Catalyzed Soot Filter, Selective Catalytic Reduction, Lean GDI Catalyst, Electrically Heated Catalytic Converter), By Vehicle Type (Light-Duty Vehicles, Heavy-Duty Diesel, Natural Gas Vehicles, Motorcycles, Utility Engines) And By Region (North America, Europe, Asia-Pacific, Rest Of The World) –Market Forecast Till 2035

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US Mobile Emission Catalysts Market Infographic
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US Mobile Emission Catalysts Market Summary

The US Mobile Emission Catalysts Market is projected to grow from 25.75 USD Billion in 2024 to 45.12 USD Billion by 2035, reflecting a robust growth trajectory.

Key Market Trends & Highlights

US Mobile Emission Catalysts Market Key Trends and Highlights

  • The market is expected to achieve a compound annual growth rate (CAGR) of 5.23 percent from 2025 to 2035.
  • By 2035, the market valuation is anticipated to reach 45.12 USD Billion, indicating substantial growth potential.
  • In 2024, the market is valued at 25.75 USD Billion, establishing a solid foundation for future expansion.
  • Growing adoption of emission control technologies due to stringent environmental regulations is a major market driver.

Market Size & Forecast

2024 Market Size 25.75 (USD Billion)
2035 Market Size 45.12 (USD Billion)
CAGR (2025 - 2035) 5.23%

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Key Companies in the US Mobile Emission Catalysts Market market include

Report Scope

Report Attribute/Metric Details
  Market Size 2022: USD 4,140.8 Million2030: USD 6,483.3 Million
  CAGR   5.80%CAGR (2022-2030)
  Base Year   2022
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Fuel Type , Power Output , Horsepower, Application and End Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors Cummins Inc., Caterpillar, Mitsubishi Heavy Industries, Ltd, Rolls-Royce plc, Volkswagen AG, Wärtsilä, Kohler Co., Yanmar Holdings Co., Ltd, Hyundai Heavy Industries Co., Ltd, China Yuchai International Limited, Siemens, Doosan Corporation, Cooper Corp, Innio.
  Key Market Opportunities Helps in Supplying power to generator for producing Electricity Flexibility in the load Efficiency for production as per the demand
  Key Market Drivers Increased focus to reduce carbon emissions Increase in the demand for natural gas Increased use for power generation

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FAQs

What is the expected market size of the US Mobile Emission Catalysts Market in 2024?

The US Mobile Emission Catalysts Market is expected to be valued at 4.8 billion USD in 2024.

What will the market size be in 2035?

By 2035, the US Mobile Emission Catalysts Market is projected to reach a valuation of 9.2 billion USD.

What is the expected CAGR for the US Mobile Emission Catalysts Market from 2025 to 2035?

The anticipated compound annual growth rate for the market from 2025 to 2035 is 6.093%.

Which metal type holds the largest market share in 2024?

Palladium is expected to hold the largest market share, valued at 1.8 billion USD in 2024.

What are the expected market values for Platinum and Rhodium in 2024?

Platinum is projected to be valued at 1.2 billion USD and Rhodium at 1.0 billion USD in 2024.

Who are the key players in the US Mobile Emission Catalysts Market?

Major players include Haldor Topsoe, Tenneco, Parker Hannifin, and BASF among others.

What is the market value projection for 'Others' metal type in 2024?

The 'Others' metal type in the market is anticipated to be valued at 0.8 billion USD in 2024.

How might the current global scenario impact the US Mobile Emission Catalysts Market?

The current global scenario can pose challenges but also create growth opportunities within the market.

What is the growth rate forecast for the next decade specifically for Palladium?

From 2025 to 2035, the market for Palladium is expected to experience significant growth as indicated by its market trends.

What challenges are anticipated for the US Mobile Emission Catalysts Market in the coming years?

Challenges may include regulatory changes and fluctuating supply prices for key metals used in catalysts.

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