“Stationary Emission Control Catalyst Market” report provides an in-depth research of market-based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Stationary Emission Control Catalyst Market is comprehensively prepared with main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It also analyzes the current and future prospect of Stationary Emission Control Catalyst Market.
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Key Insights of Stationary Emission Control Catalyst Market:
- Complete in-depth analysis of the Stationary Emission Control Catalyst
- Important changes in market dynamics.
- Segmentation analysis of the market.
- Emerging segments and regional markets.
- Historical, on-going, and projected market analysis based on volume and esteem.
- Assessment of niche industry players.
- Market share analysis.
- Key strategies of major players
Stationary Emission Control Catalyst Market Segmentation by Top Key Players:
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Scope of the Report:
Key Market Trends:
Power Industry to Dominate the Market
-The control of power plant emissions is a major area of application for stationary catalysts. In particular, NOx emissions are removed either by SCR or through NOx dissociation. The abatement of NOx from power plants is important, as it helps to control acid rain and photochemical smog.
-First commercialized in Japan, SCR is extensively used in the country. Currently, it has also been commercialized in Germany, China and Taiwan. Existing coal-fired plants are generally equipped with emission control systems for reduction of traditional pollutants, such as SOx, NOx and particulate matter.
-In the developed countries, the demand is mostly driven by legislative changes, while economic growth is the major source in emerging and developing countries. While emission standards and environmental norms are becoming stricter in the developed countries, growth in vehicle production and fuel consumption as well as growth in chemical production, are the key drivers for the stationary emission control catalyst market in emerging markets.
-The stationary catalyst segment is growing considerably faster than the underlying industries, owing to constant innovation, which helps client companies save money and allow catalyst producers to charge a premium for their products.
-Hence, power industry is likely to account for the highest market share during the forecast period.
North America to Witness the Highest Growth rate
– There are many fossil fuel-based power plants in the United States. Therefore, emission of harmful gases in the environment was high. To control this in August 2015, Environment Protection Agency (EPA) issued the clean power plan. This plan states that to cut harmful pollution from the power sector by 32% below the 2005 levels, the country needs to use clean energy (nuclear energy) and emission control catalysts.
– In addition to this, the EPA has stationary engine regulations that need to be followed, and which are given under National Emission Standards for Hazardous Air Pollutants (NESHAP) and New Source Performance Standards (NSPS). This emission control plan and EPA regulations are driving the market for emission control catalysts in the country.
– The other end-user industry is the chemical industry, which is one of the largest industries in the United States. It is one of the top exporting sector in the country, accounting for around 15% of the global chemical shipments.
– The United States is a world leader in chemical production and exports; therefore, the consumption of stationary emission control catalysts is high and it is expected to increase further during the forecast period.
– Canada has emission control guidelines under the Clean Air Act, which are to be followed. Hence, due to these environmental regulations, the consumption of stationary emission control catalysts is increasing.
– Owing to the aforementioned reasons, North America is likely to witness the highest growth rate during the forecast period.
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Stationary Emission Control Catalyst Market Covers Following Points in TOC:
- Chapter 1: Stationary Emission Control Catalyst Market Definition
- Chapter 2: Research Methodology of Stationary Emission Control Catalyst Market
- Chapter 3: Stationary Emission Control Catalyst Market Executive Summary
- Chapter 4: Stationary Emission Control Catalyst Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
- Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
- Chapter 6: Stationary Emission Control Catalyst Market Segmentation by Types, End-User, and Applications Forecast to 2024
- Chapter 7: Stationary Emission Control Catalyst Market Segmentation by Geographical Regions
- Chapter 8: Competitive Landscape of Stationary Emission Control Catalyst Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
- Chapter 9: Key Players for Stationary Emission Control Catalyst Market
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