According to a latest upcoming market report release by Persistence Market Research: Consumption of environmental catalysts has witnessed a steady growth in the recent past. The growth of environmental catalysts market can be attributed to increasing efforts towards developing more efficient, cleaner and safer industrial processes in order to adhere to ever stringent regulations and norms instituted by authorities and regulatory bodies, especially in regions such as North America and Europe.
The demand for environmental catalysts, in order to tackle both, stationary source emissions and mobile source emissions are expected to witness a steady growth over the forecast period. Moreover, growing emphasis on reducing the level of pollutants emanating from automobiles is expected to in turn result in increasing use of environmental catalysts thus driving the growth of environmental catalysts market during the forecast period. Also, increasing demand for environmental catalysts for municipal and industrial waste remediation is expected to gain momentum especially in developing regions of the globe during the forecast period.
Report detailed overview: http://www.persistencemarketresearch.com/market-research/environmental-catalysts-market.asp
The global environmental catalysts market is segmented on the basis of the application of catalysts, and end-use segments.
On the basis of the application
- VOC oxidation catalysts
- CO oxidation catalysts
- Selective catalytic reduction catalysts
- Others
On the basis of end-use segments
- Mobile source emission control – heavy duty vehicles, light-duty vehicles, motorcycles, construction equipment among others
- Stationary source emission control that comprises industrial applications including those in power generation, refineries, municipal waste remediation etc.
Depending on the geographies of the globe, global environmental catalysts market is segmented into seven key geographical segments namely North America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan, Latin America, and the Middle East & Africa.
North America and Europe, relatively mature markets, dominated global environmental catalysts market over the recent past. Whereas, consumption of these environmental catalysts is expected to witness faster growth in Asia Pacific region spearheaded by China.
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Some of the players that operate in global environmental catalysts market are BASF SE, Johnson Matthey, CRI Catalyst Company, Axens Group, Environmental Catalyst Technology, Treibacher Industrie AG, Applied Catalysts, and EmeraChem etc.
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