Reports and Insights has published a new report titled, “Emission Control Catalyst Market: Opportunity Analysis and Future Assessment 2022-2030”
The emission control catalyst market is estimated to reach at a value of US$ 27,665.2 Mn by the end of 2022 and expected to reach at a value of US$ 41,475.6 Mn by 2030 with a significant CAGR of 5.2%.
Many times, gases and production by-products released by internal combustion engines and industrial exhaust contain compounds that are recognized to be bad for the environment. Catalytic converters employ emission control catalysts to cut down on these damaging emissions to the environment. These catalysts are designed in catalytic converter based on fuel type including diesel and gasoline. Several types of catalyst are used for various applications.
In current generation diesel-powered vehicles and equipment, Selective Catalytic Reduction (SCR), an advanced active emissions control technology system, decreases tailpipe emissions of nitrogen oxides (NOx) to almost zero levels.