Emission control catalysts are used to break down the toxic gases and pollutants discharged from the fumes of the exhaust system of various industrial machinery to discharge minimum harmful material in the environment. According to BlueQuark Research & Consulting, the global Emission control catalysts Market is expected to grow significantly during the forecasted period. Factors such as the rising awareness of increasing carbon emissions in the automotive industry aid stringent air pollution management standards and are expected to drive the demand for the Emission control catalysts market in the forecasted period. Further, "palladium" is the highest-growing metal catalyst segment due to its emission-controlling properties, mainly in the case of hydrocarbons are expected to drive the demand for the Emission control catalysts market in the forecasted period. Furthermore, the increase in the concern over pollutant and toxic gas emissions from the industries and automotive sector, such as HC, CO, SOx, NOx, soot, and volatile organic compounds (VOCs), and increasing environmental troubles are expected to drive the global market during the forecasted period. However, an increase in the prices of rhodium and platinum metals used in emission control catalysts is also expected to pose a significant challenge for the manufacturers and restrain the growth factor of the emission control catalyst market.

The rise in concern about declining carbon footprints in the automotive sector and rigid guidelines imposed for controlling air pollution is propelling the global emission control catalyst market. Emission control catalyst functions to break down solid material in engine exhaust systems of industrial machinery and vehicles to cut down the hazardous pollutants in the air, this positively impacts the market growth. Rapid industrialization and urbanization contribute to higher environmental pollution, a significant global problem. Automobile and industrial emissions are rapidly increasing due to on-road and off-road emission sources such as passenger automobiles, light-duty and heavy-duty commercial vehicles, and others. As public awareness about pollution grows, stricter emission rules are being implemented, resulting in a surge in demand for advanced catalyst converters that use precious metals. The need for lighter, faster, and low-fuel-consumption vehicles is increasing due to stricter emission rules, enhancing the ECC market's growth. The growing demand for automotive catalytic converter as an emission control medium is expected to impact the industry substantially. Emissions from industrial plants, automobiles, and other such sources, contain carbon dioxide and other such compounds, including nitrous oxides, carbon monoxide, and other highly hazardous gases harming the environment. Electric vehicles have no exhaust emissions and do not require ECC, a significant impediment to the ECC industry. Various governments throughout the globe are backing EV manufacturers and providing subsidies to EV owners in the form of cash incentives, purchasing bonuses, and tax savings in response to increased worries about global warming and rising air pollution. Due to growing oil prices and pollution, the global battery-electric car market has risen quickly in recent years. Electric cars are becoming more popular, and they are likely to account for a large share of overall vehicle manufacturing in the future, which could stifle the expansion of the ECC industry.

China is one of the highest-growing economies globally. Furthermore, almost all the end-user industries have been witnessing growth, owing to the growing population, living standards, and per capita income. China is a hub for chemical processing, accounting for a significant chunk of the chemicals produced globally. The country contributes more than 35% of global chemical sales. The chemical industry is another eminent end-user industry. Many companies in the market have their chemical plants in China. With the surging demand for various chemicals globally, this sector's need for emission control catalysts is projected to grow during the forecast period. Platinum is the most widely used metal for emission control applications since it improves combustion. Improved combustion helps to reduce emissions and enhance the catalyst's performance. Since platinum is effective under oxygen-rich conditions, it is used widely for diesel applications. It has a high melting point, thereby providing thermal durability. It possesses excellent oxidation activity at low temperatures. It is effective against sulfur compounds and helps reduce the sulfur content in crude oil in refineries. It can be efficiently recycled. Palladium is being extensively used as an oxidation catalyst in the gasoline autocatalysts (petrol-based engines) of diesel engine due to its ability to maintain suitable performance at sustained temperatures for a lifetime. The emission control catalysts comprising equivalent ratios of palladium and platinum are being launched to improve catalytic converters' quality and curb the growing emissions. The ever increasing demand for palladium-based emission control catalysts, coupled with their relatively low price, is expected to increase the demand for palladium-based emission control catalysts and drive the growth rate of the targeted ECC market during the forecast period. Rhodium-based emission reduction catalyst demand is predicted to significantly improve in light of its predominant use in removing nitrogenous oxide from exhaust emissions by three-way catalytic converters in automotive engines. In addition, rhodium metal can exhibit properties including high corrosion resistance and excellent thermal stability compared to other metals.

The market's key players are BASF catalyst, Johnson Matthey, Umicore, Corning, and Solvay.

In December 2022, Johnson Matthey and Honeywell partnered to advance a lower-carbon hydrogen solution.

In December 2022, BASF's Polyol and Polyurethane system plant in Nansha was declared ISCC+ Certified.

The Global Emission Control Catalysts Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the market by segmenting it based on Metal ( Platinum, Palladium, Rhodium, and Other Metals), Application (Mobile Emission Control Catalysts and Stationary Emission Control Catalysts), End-user Industry ( Automotive, Industrial, and Other End-user Industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The research examines emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched sections on the competitive landscape with prominent companies and profiles, including their market shares and projects.