Selective Catalytic Reduction (SCR) Catalyst Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Jul-2020 | List of Tables : 60 | List of Figures : 105 | No. of Pages : 170 | Report Code : FACT4968MR |

Selective Catalytic Reduction (SCR) Catalyst Market Analysis

The global selective catalytic reduction (SCR) catalyst market is poised to embark on a positive growth trajectory, registering a CAGR of 9% over the forecast period (2020-2030). Despite rapid growth in the renewable energy sector, coal-fired thermal power plants continue to prosper in most developing countries, owing to rising electricity demand coupled with the growing population. The shortfall in electricity generation through other conventional resources such as natural gas, oil, and nuclear power is creating a lucrative growth scenario for coal-fired thermal power plants. Since most countries have strict emission limits for nitrogen oxide (Nox), Nox control systems are significantly deployed. As SCR catalyst technology is highly cost-efficient over other NOx removal technologies, this will augment the implementation of SCR catalyst technologies in coal-fired thermal power plants, positively impacting the expansion of the selective catalytic reduction catalyst market size.

Selective Catalytic Reduction Catalyst Market Insights by Application

Efficacy to reduce NOx emissions from power-generating equipment, including boilers & turbines, furnaces, heaters, and reciprocating engines has made SCR catalysts the ideal choice among end users, along with being a cost-effective technology. Attributed to this, power plants have been identified as the largest consumers of SCR catalysts, and are poised to maintain their reign throughout the forecast period, accounting for over one-third of the global market share. Furthermore, high dependability of Asian economies on coal-fired thermal power plants to fulfil their growing electricity demand is anticipated to boost the SCR catalyst market. Increasing demand for denitration in petroleum refineries across the world, owing to stringent emission control regulations, is poised to result in high demand for SCR catalysts during the forecast period.

Regional Outlook of Selective Catalytic Reduction Catalyst Market

China accounted for over half of the additional new coal-fired thermal power plants in 2019, due to which, East Asia has driven the consumption of SCR catalysts during the historical period, and is poised to maintain its dominance over other reigns during the forecast period. This growth is attributed to China’s dominant position in the renewable sector, and its large investments in renewable energy each year, which is more than the United States and Europe combined. South Asian and ASEAN countries such as India, Indonesia, Vietnam, and others contributed around one-fourth of the additional new coal-fired thermal power plants in 2019. Attributed to this, the selective catalytic reduction catalyst market in South Asia is poised to expand at a leading growth rate of 8% during the forecast period.

selective catalytic reduction scr catalyst market regional analysis

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Competition Analysis of Selective Catalytic Reduction Catalyst Market

The global SCR catalyst market is partially consolidated in nature, where the top four players currently account for near half of the global production and sales. Currently, BASF SE, Johnson Matthey, Ceram-Ibiden, and Haldor Topsoe are the key stakeholders in selective catalytic reduction catalyst market. In order to sustain existing market competition, majorly from European players, manufacturers have strategically located their production plants in the Asia Pacific region to reduce raw material procurement costs and additionally-imposed custom duties. In sync with this, major partnerships and long-term supply agreements have been observed in the market. New production plants are being set up, and the production capacities of existing plants are being ramped up. For instance, in June 2018, BASF and Citrine Informatics collaborated to use artificial intelligence (AI) to accelerate the development of new environmental catalyst technologies. Similarly, in Feb 2020, Haldor Topsoe launched the TITAN steam reforming catalyst series with boosted reliability and efficiency.

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COVID-19 Impact on Selective Catalytic Reduction Catalyst Market

The coronavirus outbreak has brought the world on its knees, and has forced people to amidst lockdowns in their homes, which has affected production and demand across the globe. The fear of COVID-19 has forced countries to stop any kind of import-export across borders. Sudden industrial shutdowns and transportation restrictions have crippled the global economy in the last few months. As per WHO and UN stats, loss caused due to the coronavirus outbreak may take years to recover. All in all, the coronavirus pandemic has affected every industry, and the SCR catalyst market is no exception. 

At present, East Asia is the least affected region by the coronavirus outbreak, and is poised to assist global market growth by the end of 2020. However, disruptions in import-export due to the pandemic situation have decreased the availability of raw material, which is a biggest challenge for East Asian manufacturers. The United States and Europe are the most effected regions by the pandemic, and are the largest markets after Asia Pacific for SCR catalysts, which will result in a declining growth rate until the situation gets better.

The Analyst’s Viewpoint

“In the midst of the COVID-19 pandemic, the global selective catalytic reduction catalyst market is poised to suffer a likely loss of US$ 50 Mn by the end of 2020”.

Selective Catalytic Reduction Catalyst Market: Report Scope

Fact.MR published an exclusive forecast report on the selective catalytic reduction catalyst market for 2020 and 2030. The foremost objective of this report on the SCR catalyst market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the market. Also, the study on the selective catalytic reduction catalyst market addresses key dynamics that are expected to diversify the sales and future prominence of SCR catalysts.                 

The report on the selective catalytic reduction catalyst market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the SCR catalyst market, elaborating on key segments. The report also outlines visionary insights on the dynamics of the SCR catalyst market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for SCR catalysts. Supply chain analysis and pricing analysis of the market along with the difference between SCR catalysts used as per application have also been included in the report to help readers clearly understand the product framework map of the selective catalytic reduction catalyst market.

Selective Catalytic Reduction (SCR) Catalyst Market - Scope of the Report

A market study done by Fact.MR on the selective catalytic reduction (SCR) catalyst market gives exclusive information about how the market will grow during the forecast period of 2020–2030. The study identifies crucial trends that are determining the growth of the selective catalytic reduction catalyst market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of SCR catalysts. The report primarily conveys a summary of the market, considering present and upcoming global petroleum and automotive industry developments, to reveal striking sides relating to the adoption of SCR catalysts across prominent regional markets.

A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across regional markets has been provided in the report. A list of prominent companies operating in the selective catalytic reduction catalyst market enhances the reliability of this comprehensive research study.

Selective Catalytic Reduction Catalyst Market: Report Summary

The study offers an inclusive analysis on diverse features, including demand, revenue generation, and sales by key players in the SCR catalyst market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.

SCR catalyst Market: Segmentation

Fact.MR has segmented the selective catalytic reduction catalyst market on the basis of type, application, and region.

Type  

Application

Region

DeNOx

Power Plants

North America

DeSOx

Cement Plants

Latin America

Others

Refinery Plants

Europe

 

Steel Plants

South Asia

 

Other Applications

East Asia

 

 

Oceania

 

 

Middle East & Africa

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SCR Catalyst Market: Analysis on Market Size Evaluation

Existing predictions of the selective catalytic reduction catalyst market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.

The market estimation at the regional and global scale of SCR catalysts is available in terms of value (US$ Mn) and in terms volume (Tons). A Y-o-Y growth contrast of prominent SCR catalyst market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on selective catalytic reduction catalyst types, where SCR catalysts witness steady demand.

SCR Catalyst Market: Scrutinized Assessment on Regional Segments

The weighted sections have been elaborated in the report of the SCR catalyst market, which deliver projections on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the selective catalytic reduction catalyst market during the forecast period.

Country-specific valuation on the demand for SCR catalysts has been offered for each regional market, along with market scope estimates and forecasts, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

SCR Catalyst Market: In-depth Analysis on Competitive Landscape

The report offers the competitive scenario of the selective catalytic reduction catalyst market, along with the profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers who are principally engaged in the production and supply of SCR catalysts has been presented with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which exert essentials such as form portfolio, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players functioning in the selective catalytic reduction catalyst market. It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting competition levels in the SCR catalyst market. Prominent companies operating in the global selective catalytic reduction catalyst market include BASF SE, Johnson Matthey, Ceram-Ibiden, Envirotherm GmbH, Cormetech, Seshin Electronics, JGC C&C, and Haldor Topsoe.

1. Global Selective Catalytic Reduction (SCR) Catalyst Market - Executive Summary

    1.1. Summary of key Findings

    1.2. Summary of Statistics

    1.3. Megatrends

    1.4. Opportunity Assessment 

2. Market Overview

    2.1. Market Introduction

    2.2. Market Definition 

    2.3. Market Taxonomy

3. Market Risks & Trends Assessment

    3.1. Impact of COVID-19 Crisis on SCR Catalyst production and Demand

    3.2. COVID-19 Impact Benchmark with Previous Crisis  

        3.2.1. Change in SCR Catalyst Demand and Consumption Growth

        3.2.2. Before and After COVID-19 Crisis (Projected)

        3.2.3. Before and After Sub-prime Crisis – 2008 (Actual)

        3.2.4. Change in Demand post Recovery Period (After Each Crisis)

    3.3. Impact on Market Value (US$ Mn)

        3.3.1. Likely Loss of Value in 2020

        3.3.2. Mid-term and Long Term Forecast

        3.3.3. Quarter by Quarter Dip and Recovery Assessment

4. Market Background

    4.1. Global Chemical Market Outlook

        4.1.1. By Region

        4.1.2. Top Countries

    4.2. Global Steel Industry Overview 

    4.3. Global Emission Control Catalyst Market Outlook

        4.3.1. By Region 

        4.3.2. By Application 

    4.4. SCR Catalyst Market : Key Regulations 

    4.5. Market Dynamics

        4.5.1. Prominent Market Challenges and Impact Analysis

        4.5.2. Growth Drivers and Impact Analysis

        4.5.3. Industry Trends and Impact Analysis

        4.5.4. Opportunities in the Market & Impact Analysis

    4.6. Value Chain Analysis

        4.6.1. Raw Material Suppliers

        4.6.2. Key Manufacturers

        4.6.3. Key Distributor/Retailers

    4.7. Forecast Factors and Relevance of Impact 

5. Global SCR Catalyst Market Demand Analysis 2015-2019 and Forecast, 2020-2030

    5.1. Historical Market Volume (Tons) Analysis, 2015-2019

    5.2. Current and Future Market Volume (Tons) Projections, 2020-2030

    5.3. Y-o-Y Growth Trend Analysis

6. Global SCR Catalyst Market - Pricing Analysis

    6.1. Regional Pricing Analysis 

    6.2. Pricing Break-up

    6.3. Global Average Pricing Analysis Benchmark

7. Global SCR Catalyst Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030

    7.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

    7.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030, By Type 

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Type, 2015 - 2019

    8.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Type, 2020 - 2030

        8.3.1. DeNOx 

        8.3.2.  DeSOx 

        8.3.3.  Others

    8.4. Market Attractiveness Analysis By Type 

9. Global SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030, By Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Application, 2015 - 2019

    9.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Application, 2020 - 2030

        9.3.1. Power Plant 

        9.3.2. Cement Plant 

        9.3.3. Refinery Plant 

        9.3.4. Steel Plant 

        9.3.5. Other Applications

    9.4. Market Attractiveness Analysis By Application

10. Global SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2015 - 2019

    10.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Region, 2020 - 2030

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia

        10.3.5. South Asia 

        10.3.6. Ocarina

        10.3.7. MEA  

    10.4. Market Attractiveness Analysis By Region

11. North America SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    11.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        11.4.1.  By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

        11.4.2. By Type 

        11.4.3. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Type

        11.5.3. By Application

    11.6. Market Trends

    11.7. Key Market Participants - Intensity Mapping

    11.8. Drivers and Restraints - Impact Analysis

12. Latin America SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    12.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        12.4.1.  By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico 

            12.4.1.3. Rest of Latin America

        12.4.2. By Type

        12.4.3. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Type

        12.5.3. By Application

    12.6. Market Trends

    12.7. Key Market Participants - Intensity Mapping

    12.8. Drivers and Restraints - Impact Analysis

13. Europe SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    13.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        13.4.1.  By Country

            13.4.1.1. Germany

            13.4.1.2. France 

            13.4.1.3. Norway

            13.4.1.4. Netherlands 

            13.4.1.5. UK 

            13.4.1.6. Rest of Europe

        13.4.2. By Type 

        13.4.3. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Type

        13.5.3. By Application

    13.6. Market Trends

    13.7. Key Market Participants - Intensity Mapping

    13.8. Drivers and Restraints - Impact Analysis

14. East Asia SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    14.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        14.4.1. By Country

            14.4.1.1. China 

            14.4.1.2.  Japan 

            14.4.1.3.  South Korea

        14.4.2. By Type

        14.4.3. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country 

        14.5.2. By Type

        14.5.3. By Application

    14.6. Market Trends

    14.7. Key Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. South Asia SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    15.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        15.4.1. By Country

            15.4.1.1. India 

            15.4.1.2.  Thailand 

            15.4.1.3.  Indonesia 

            15.4.1.4.  Malaysia 

            15.4.1.5.  Rest of South Asia

        15.4.2. By Type

        15.4.3. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Type

        15.5.2. By Application

    15.6. Market Trends

    15.7. Key Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. Oceania SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    16.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        16.4.1. By Country

            16.4.1.1. Australia 

            16.4.1.2.  New Zealand

        16.4.2. By Type

        16.4.3. By Application

    16.5. Market Attractiveness Analysis

        16.5.1. By Type

        16.5.2. By Application

    16.6. Market Trends

    16.7. Key Market Participants - Intensity Mapping

           Drivers and Restraints - Impact Analysis

17. MEA SCR Catalyst Market Analysis 2015-2019 and Forecast 2020-2030

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    17.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        17.4.1. By Country

            17.4.1.1. GCC Countries 

            17.4.1.2.  Turkey 

            17.4.1.3.  South Africa 

            17.4.1.4.  Northern Africa 

            17.4.1.5.  Rest of MEA

        17.4.2. By Type

        17.4.3. By Application

    17.5. Market Attractiveness Analysis

        17.5.1. By Type

        17.5.2. By Application

    17.6. Market Trends

    17.7. Key Market Participants - Intensity Mapping

    17.8. Drivers and Restraints - Impact Analysis

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies (SCR Catalyst)

    18.2. Market Concentration

    18.3. Market Share Analysis of Top Players

    18.4. Market Presence Analysis

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Deep Dive 

        19.2.1. BASF 

                19.2.1.1. Product Portfolio

                19.2.1.2. Revenues by segments

                19.2.1.3. Sales Footprint

                19.2.1.4. Strategy Overview

                19.2.1.5. SWOT Analysis

        19.2.2. Ceram-Ibiden

                19.2.2.1. Product Portfolio

                19.2.2.2. Revenues by segments

                19.2.2.3. Sales Footprint

                19.2.2.4. Strategy Overview

                19.2.2.5. SWOT Analysis

        19.2.3. Cormetech

                19.2.3.1. Product Portfolio

                19.2.3.2. Revenues by segments

                19.2.3.3. Sales Footprint

                19.2.3.4. Strategy Overview

                19.2.3.5. SWOT Analysis

        19.2.4. Envirotherm GmbH

                19.2.4.1. Product Portfolio

                19.2.4.2. Revenues by segments

                19.2.4.3. Sales Footprint

                19.2.4.4. Strategy Overview

                19.2.4.5. SWOT Analysis

        19.2.5. Fengye Group

                19.2.5.1. Product Portfolio

                19.2.5.2. Revenues by segments

                19.2.5.3. Sales Footprint

                19.2.5.4. Strategy Overview

                19.2.5.5. SWOT Analysis

        19.2.6. Hailiang

                19.2.6.1. Product Portfolio

                19.2.6.2. Revenues by segments

                19.2.6.3. Sales Footprint

                19.2.6.4. Strategy Overview

                19.2.6.5. SWOT Analysis

        19.2.7. Haldor Topsoe

                19.2.7.1. Product Portfolio

                19.2.7.2. Revenues by segments

                19.2.7.3. Sales Footprint

                19.2.7.4. Strategy Overview

                19.2.7.5. SWOT Analysis

        19.2.8. Hitachi Zosen

                19.2.8.1. Product Portfolio

                19.2.8.2. Revenues by segments

                19.2.8.3. Sales Footprint

                19.2.8.4. Strategy Overview

                19.2.8.5. SWOT Analysis

        19.2.9. JGC C&C

                19.2.9.1. Product Portfolio

                19.2.9.2. Revenues by segments

                19.2.9.3. Sales Footprint

                19.2.9.4. Strategy Overview

                19.2.9.5. SWOT Analysis

        19.2.10. Johnson Matthey

                19.2.10.1. Product Portfolio

                19.2.10.2. Revenues by segments

                19.2.10.3. Sales Footprint

                19.2.10.4. Strategy Overview

                19.2.10.5. SWOT Analysis

        19.2.11. Seshin Electronics

                19.2.11.1. Product Portfolio

                19.2.11.2. Revenues by segments

                19.2.11.3. Sales Footprint

                19.2.11.4. Strategy Overview

                19.2.11.5. SWOT Analysis

        19.2.12. Tuna Corporation

                19.2.12.1. Product Portfolio

                19.2.12.2. Revenues by segments

                19.2.12.3. Sales Footprint

                19.2.12.4. Strategy Overview

                19.2.12.5. SWOT Analysis

20. Assumptions and Acronyms Used

21. Research Methodology

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Selective Catalytic Reduction (SCR) Catalyst Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030