About DeNOx Catalyst
DeNOx catalyst is a chemical substance which has the ability to quickly reductant to react with NOx. It is installed in a NOx removal system called SCR (Selective Catalytic Reduction), which helps in the reduction of NOx from waste gas to N2 with reducing agents. TiO2 and V2O5 are the two main raw materials for the production of deNOx catalyst. High demand for DeNox catalyst from emerging countries like India and China and the stringent norms executed by the Governments and Regulatory bodies have led to the minimization of the total emission of NOx, which in turn is anticipated to propel the DeNox catalysts market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global DeNox catalyst is fragmented with several regional and international market players. Research and development activities are anticipated to promote the usage of catalysts. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Envirotherm GmbH (Germany), BASF SE (Germany), Cormetech (United States), Ceram-Ibiden (Austria), Johnson Matthey (United Kingdom), Haldor Topsoe (Denmark), Hitachi Zosen Corporation (Japan), Seshin Electronics Co.Ltd. (Korea), JGC C&C (Japan), CRI Catalyst (United States), Tianhe (Baoding) Environmental Engineering Co., Ltd (China), Hailiang Group Co.Ltd. (China), Datang Environmental Industry Group Co.Ltd. (China), Fengye (Group)Industrial Co.Ltd. (China), Guodian Technology & Environment Group Corporation Ltd. (China), Jiangsu Wonder Machinery Co.Ltd. (China) and Dongfang KWH (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chongqing Yuanda (China), Shandong Gem Sky (China), Beijing Denox Environment & Technology (China) and China Huadian Group (China).
Segmentation Overview
AMA Research has segmented the market of Global DeNOx Catalyst market by Type (Honeycomb Type and Flat Type), Application (Power Plant, Cement Plant, Refinery Plant, Steel Plant, Transportation Vehicle and Others) and Region.
On the basis of geography, the market of DeNOx Catalyst has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Methods, the sub-segment i.e. Dry removal will boost the DeNOx Catalyst market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Research & Activities on Catalysts and Rising Deployment of Vehicles, Industrial Growth, Technology Advancements
Market Growth Drivers:
Rapidly Expanding Economies and Focus on Emission Control Regulations, Demand for Pollution Removal Agents and Increasing Awareness about Sustainable Development
Challenges:
Social and Political Concerns Regarding Global Warming
Restraints:
High Capital and Operating Cost of DeNox Catalyst
Opportunities:
Owing to the Demand in Power Plant, Cement Plant, Steel Plant, Refinery Plant, Transportation Vehicle
Market Leaders and their expansionary development strategies
In October 2023, BASF and Johnson Matthey has Announced a strategic partnership to develop and commercialize next-generation DeNOx catalysts for heavy-duty diesel engines. This collaboration combines BASF's expertise in catalyst materials with Johnson Matthey's leadership in emission control technologies.
In November 2023, Clariant has Launched their new SCR (Selective Catalytic Reduction) catalyst, EnviCat DP 3000, designed to offer high DeNOx efficiency and longer life for heavy-duty diesel engines.
Key Target Audience
DeNox Catalyst Manufacturers, Potential Investors, Downstream Vendors, Marketing firms, Government and Regulatory Bodies and Chemical Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.