Market Overview:
The global reduction catalyst market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for reduction catalysts from various end-use industries such as automotive, aerospace, and chemical production. Based on type, the global reduction catalyst market has been segmented into redox catalyst and selective reduction catalyst. The redox catalyst segment is expected to account for a major share of the global market in 2018. This can be attributed to its high efficiency and ability to reduce multiple pollutants simultaneously.
Catalyst Industry Outlook.svg)
Product Definition:
A Reduction (NSR) Catalyst is a material that helps to speed up the reduction reaction. It is important because it can help to lower the amount of time needed for the reaction to take place.
Redox Catalyst:
Redox catalyst is a chemical substance that acts as an intermediate in the production of chemicals such as nitric acid, sulfuric acid, and phosphoric acid. The most common form of redox catalyst used in industrial applications is sodium/sulfur dioxide (Na2S2O8), which has widespread use across various industries including oil & gas, petrochemical manufacturing and power generation.
Selective Reduction Catalyst:
A selective reduction catalyst is a chemical compound that enhances the rate of one reaction over another. The most common application of selectivity is in the form of a catalyst, which speeds up the process at which carbon and hydrogen are removed from methanol to produce ethanol. Methanol/Ethanol Selective Reduction (MESR) catalysts are used for this purpose.
The global MESR market size was valued at USD 1,849 million in 2016.
Application Insights:
The automotive application segment led the market in 2017 and is projected to witness significant growth over the forecast period. The catalyst plays a major role in reducing emissions of hydrocarbons and carbon monoxide. Thus, these catalysts are widely used in automotive diesel engines to reduce exhaust gas levels and increase fuel efficiency.
Aerospace is another key application segment for this product as it reduces nitrogen oxide (NOx) emissions from aircraft engines. Selective reduction catalysts are used along with precious metal-based or organic compounds that provide enhanced stability at high temperatures required for aerospace applications. These catalysts have an added advantage of operating without any external supply of oxygen which makes them ideal for use in aviation fuels among other things such as industrial gases, natural gas liquids & greases, petrochemical feedstock gases & liquids etc.
Regional Analysis:
North America was the largest regional market in 2017 owing to the presence of major automobile manufacturers such as Ford and General Motors. The U.S., being a developed economy, has witnessed high demand for automobiles over the past few years.
Europe accounted for a significant share of global reduction catalyst market due to growing automotive industry coupled with increasing R&D activities by various companies pertaining to fuel efficiency and emission control standards set by European Union (EU). Stringent government regulations on vehicular emissions are anticipated to drive product adoption across this region during the forecast period.
Asia Pacific is projected as one of fastest-growing regions with China accounting for most of its manufacturing sector output along with India contributing significantly towards aerospace & defense industry growth through domestic production levels coupled with foreign direct investments made within these economies.
Growth Factors:
- Increasing demand from the chemical and petrochemical industries for catalysts that can improve process efficiency and product quality.
- Growing popularity of exhaust gas treatment systems that use NSR catalysts to reduce emissions of harmful pollutants.
- Proliferation of new engine technologies, such as gasoline direct injection (GDI) and diesel particulate filters (DPFs), which require NSR catalyst solutions to meet ever-stricter emissions regulations.
- Rising demand for fuel-efficient vehicles, especially in developing countries where stricter environmental regulations are being introduced
Scope Of The Report
Report Attributes
Report Details
Report Title
Reduction(NSR)Catalyst Market Research Report
By Type
Redox Catalyst, Selective Reduction Catalyst
By Application
Automotive, Aerospace, Chemical production
By Companies
BASF, Hitachi Zosen, Babcock & Wilcox, Dow, Sakai Chemical Industry, W.R. Grace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Reduction(NSR)Catalyst Market Report Segments:
The global Reduction(NSR)Catalyst market is segmented on the basis of:
Types
Redox Catalyst, Selective Reduction Catalyst
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Chemical production
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Hitachi Zosen
- Babcock & Wilcox
- Dow
- Sakai Chemical Industry
- W.R. Grace
Catalyst Market Overview.svg)
Highlights of The Reduction(NSR)Catalyst Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Redox Catalyst
- Selective Reduction Catalyst
- By Application:
- Automotive
- Aerospace
- Chemical production
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Reduction(NSR)Catalyst Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Catalyst Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Reduction (NSR) catalyst is a type of catalyst that helps to reduce the amount of pollutants released into the atmosphere. This type of catalyst can be found in many different types of products, including cars, trucks, and airplanes.
Some of the major companies in the reduction(nsr)catalyst market are BASF, Hitachi Zosen, Babcock & Wilcox, Dow, Sakai Chemical Industry, W.R. Grace.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reduction(NSR)Catalyst Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Reduction(NSR)Catalyst Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reduction(NSR)Catalyst Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Reduction(NSR)Catalyst Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Reduction(NSR)Catalyst Market Size & Forecast, 2018-2028
4.5.1 Reduction(NSR)Catalyst Market Size and Y-o-Y Growth
4.5.2 Reduction(NSR)Catalyst Market Absolute $ Opportunity
Chapter 5 Global Reduction(NSR)Catalyst Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Reduction(NSR)Catalyst Market Size Forecast by Type
5.2.1 Redox Catalyst
5.2.2 Selective Reduction Catalyst
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reduction(NSR)Catalyst Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Reduction(NSR)Catalyst Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Chemical production
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reduction(NSR)Catalyst Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Reduction(NSR)Catalyst Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Reduction(NSR)Catalyst Analysis and Forecast
9.1 Introduction
9.2 North America Reduction(NSR)Catalyst Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Reduction(NSR)Catalyst Market Size Forecast by Type
9.6.1 Redox Catalyst
9.6.2 Selective Reduction Catalyst
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Reduction(NSR)Catalyst Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Chemical production
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Reduction(NSR)Catalyst Analysis and Forecast
10.1 Introduction
10.2 Europe Reduction(NSR)Catalyst Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Reduction(NSR)Catalyst Market Size Forecast by Type
10.6.1 Redox Catalyst
10.6.2 Selective Reduction Catalyst
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Reduction(NSR)Catalyst Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Chemical production
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Reduction(NSR)Catalyst Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reduction(NSR)Catalyst Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Reduction(NSR)Catalyst Market Size Forecast by Type
11.6.1 Redox Catalyst
11.6.2 Selective Reduction Catalyst
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Reduction(NSR)Catalyst Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Chemical production
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Reduction(NSR)Catalyst Analysis and Forecast
12.1 Introduction
12.2 Latin America Reduction(NSR)Catalyst Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Reduction(NSR)Catalyst Market Size Forecast by Type
12.6.1 Redox Catalyst
12.6.2 Selective Reduction Catalyst
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Reduction(NSR)Catalyst Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Chemical production
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Reduction(NSR)Catalyst Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reduction(NSR)Catalyst Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Reduction(NSR)Catalyst Market Size Forecast by Type
13.6.1 Redox Catalyst
13.6.2 Selective Reduction Catalyst
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Reduction(NSR)Catalyst Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Chemical production
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Reduction(NSR)Catalyst Market: Competitive Dashboard
14.2 Global Reduction(NSR)Catalyst Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Hitachi Zosen
14.3.3 Babcock & Wilcox
14.3.4 Dow
14.3.5 Sakai Chemical Industry
14.3.6 W.R. Grace
