Тhе Glоbаl DеNОх Саtаlуѕt Mаrkеt size іѕ рrојесtеd tо amount to UЅD 1.90 billion іn 2019 and tо surpass UЅD 2.32 billion bу 2027, registering а САGR оf 2.8% through the forecast period.
NOx is a term collectively used for nitrogen oxides, nitric oxide, and nitrogen dioxide. Combustion and flue gases majorly contribute to the production of NOx. NOx are man-made by-products and are responsible for acid rains, global warming, and pollution. The need to eliminate these compounds from nature has led to the development of DeNOx catalysts. The addition of ammonia to NOx causes DeNOx catalysts that trigger the conversion of hazardous NOx into naturally occurring nitrogen and water. The addition of ammonia in the form of urea leads to CO2 generation as a by-product. To date, the efficiency of reducing NOx to nitrogen and water that has been achieved is up to 70%-95%. DeNOx catalysts are mainly used in selective catalytic reduction systems of boilers, diesel engines, turbines, water incineration and biomass, chemical plants, power stations, etc., which can ultimately lead to lower emission of NOx due to its catalytic conversion.
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Top Players in the Global DeNOx Catalyst Market:
CRI Catalysts, BASF, Tuna Corporation, JGC CC, Johnson Matthey, and VINCI Environment.
DeNOx catalysts can be segmented into manufacturing material, shape of the catalyst, and applications. The manufacturing material of catalysts includes ceramic, zeolites, and oxides of different base and precious metals. Base metal catalysts can work under common industry temperature conditions ranging from 200°C to 600°C. Zeolite catalysts require a higher temperature range so that they can be used in higher temperature applications.
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Market segmentation based on Material Outlook:
- Ceramic
- Zeolites
- Base Metal
- Precious Metal
Type Outlook:
- Honeycomb Type
- Flat Type
Application Outlook:
- Power Plant
- Cement Plant
- Refinery Plant
- Steel Plant
- Transportation Vehicle
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global DeNOx Catalyst market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global DeNOx Catalyst market?
- Which regional market is expected to lead in terms of revenue share in the global DeNOx Catalyst market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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