The emission control catalyst for motorcycle market is expected to expand at a 6% CAGR from 2023 to 2033. The market size is estimated to be valued at USD 3.46 billion in 2023 and is projected to rise to USD 6.20 billion by 2033.
Stringent Pollution Control Rules Push the Market for Emission Control Catalysts
Rapid industrialization and urbanization contribute to high environmental emissions, which is a serious global concern. Automobile and industrial emissions are quickly expanding as a result of on-road and off-road emission sources. These sources include passenger automobiles, light-duty and heavy-duty commercial vehicles, and others.
Growing environmental concerns have resulted in the implementation of stringent emission rules and increasing demand for improved catalyst converters utilizing precious metals. Stringent emission rules are raising demand for light, quick, and low-fuel-consumption automobiles, which is projected to drive emission control catalyst (ECC) market growth.
Emission control catalysts for motorcycles are devices that are fitted in a motorcycle's exhaust system to reduce pollutant emissions. These catalysts function by catalyzing the reaction of contaminants in exhaust gases with oxygen in the air, resulting in the creation of water and carbon dioxide.
There are two types of emission control catalysts. These two types serve different purposes like reducing carbon monoxide emissions and hydrocarbon emissions.
The carbon monoxide catalyst is the most frequent form of emission control catalyst used on bikes. Carbon monoxide is a colorless and odorless gas created when gasoline is burned in an engine.
Carbon monoxide is a hazardous contaminant that can cause severe health problems, including death. The carbon monoxide catalyst works by catalyzing the reaction of carbon monoxide with oxygen in the air to produce carbon dioxide.
| Report Attribute | Details |
|---|---|
| Emission Control Catalyst for Motorcycle Market Value (2023) | USD 3.46 billion |
| Emission Control Catalyst for Motorcycle Market Anticipated Value (2033) | USD 6.20 billion |
| Emission Control Catalyst for Motorcycle Market Growth Rate (2023 to 2033) | 6% CAGR |
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The emission control catalyst for motorcycle market accounted for USD 3.25 billion in 2022, expanding at a 5.6% CAGR from 2018 to 2022.
In all types of internal combustion engines, emission control catalysts are used. Strict environmental laws to avoid harmful greenhouse gases in the environment are driving the sales of catalytic converters around the world.
Increasing sales of scooters and motorcycles in developing nations due to a growing preference for accessible and cost-effective autos fuel demand for emission catalysts further. Sales of motorcycles are increasing along with the increase in motorcycle production in India and China. Consequently, the demand for exhaust gas purification catalysts for motorcycles is increasing.
The growing necessity to fulfill emission standard rules has prompted manufacturers to focus on the development of innovative technologies to meet the criteria. As a result, the market is benefiting from the increasing usage of palladium in catalytic converters to remove hazardous gases such as carbon monoxide from exhaust emission systems.
According to FMI, India is likely to be the most appealing emission control catalyst for the global motorbike market. Growth is attributed to the country's brisk sales of scooters and motorcycles, as well as tight carbon pollution regulations.
| Historical CAGR (2018 to 2022) | 5.6% |
|---|---|
| Forecast CAGR (2023 to 2033) | 6% |
As per the FMI analysts, a valuation of USD 6.20 billion by 2033 end is estimated for the market.
| Year | Market Valuation |
|---|---|
| 2016 | USD 2.22 billion |
| 2021 | USD 3.08 billion |
| 2022 | USD 3.25 billion |
| 2023 | USD 3.46 billion |
| 2033 | USD 6.20 billion |
Electric vehicles have no exhaust emissions and do not require ECC, which is a significant impediment to the ECC industry. Because of growing concerns about global warming and rising air pollution, governments throughout the world are backing EV manufacturers and providing subsidies to EV owners in the form of financial incentives, purchasing bonuses, and tax breaks.
The global battery electric car market has risen quickly in recent years due to the growing oil prices and environmental pollutants. Plug-in hybrid electric vehicles (PHEVs) and hybrid vehicles subsidized by government subsidies are expected to have an impact on the ECC market.
The use of electric cars is increasing and is likely to account for a large share of total vehicle production in the future, which may impede the expansion of the ECC industry. According to the Bureau of Energy Efficiency, growing countries such as India account for low sales of EVs, HEVs, and PHEVs, accounting for less than 1% of total vehicle sales in 2019. The country's ECC market is likely to develop during the projection period because of the low impact of EVs.
Principal Consultant
ECC is used to minimize emissions from internal combustion engines and industrial activities in a wide range of cars and industrial processing facilities. The difficulties of emissions are being addressed with advancements in vehicle engine technologies and catalytic converters such as
The catalytic converter can destroy 98% of the hydrocarbons, carbon monoxide, and nitrogen oxides produced by the vehicle engine. Manufacturers are developing new and advanced systems that use few PGMs.
Rapid urbanization around the world has increased car output, creating a need for emission control catalysts in motorcycles as well. Rising traffic congestion in prominent cities has increased the use of easily available two-wheelers like motorcycles and scooters.
Catalytic converters are placed in the exhaust systems of most modern motorcycles to limit the number of dangerous gas emissions in the air. Motorcycle catalytic converters are typically constructed of precious metals such as palladium, platinum, and rhodium. These metals work as catalysts, converting hazardous gases like carbon monoxide and unburned fuel into harmless gases like carbon dioxide and water molecules. This is a key element driving up demand for catalytic converters in motorcycles.
Rising pollution rules for motorcycles around the world force automobile manufacturers to include catalytic converters in their exhaust systems. This is likely to boost sales of motorcycle emission control catalysts.
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There is a Growing Need for Exhaust Gas Purification Catalysts to Reduce CO2 Emissions from Motorcycles.
The USA emission control catalyst for the motorcycle market is estimated to expand 4.1% year on year in 2021, reaching USD 76.2 million. Manufacturers in the United States are concentrating on the development of catalysts to reduce emissions from motorcycles.
One of the primary factors driving the market for emission control catalysts for motorcycles is the development of new technologies for high efficacy and conversions of dangerous gases under a wide variety of situations.
Manufacturers employ precious metals such as platinum and palladium to make pollution control catalysts because they are particularly effective at reducing exhaust pollutants. As a result, increased use of pollution control catalysts in the automobile industry is predicted to drive demand in the United States.
Introduce Stringent Standards to Reduce Pollution from Motorcycles and Scooters, and Promote the Use of Exhaust Gas Cleaning Catalysts.
The increasing production of motorcycles in India is one of the primary reasons driving the market need for emission control catalysts. Following the outbreak of COVID-19, motorbike sales fell precipitously.
With the restoration of production facilities in India, demand for motorcycles is likely to increase. The emission control catalyst market for motorcycles in India is expected to record a CAGR of 6.3% by 2021.
Rising motorcycle and scooter sales and preferences in India increase up the need for pollution control catalysts. As a result, strict rules set to reduce carbon emissions are driving the development of emission control catalysts in motorcycles.
Market demand for catalytic converters is likely to rise because catalytic converter sales are dependent on motorcycle production. Furthermore, the country's severe pollution standards for petrol and diesel vehicles are encouraging motorcycle manufacturers to use emission control catalysts.
Increased Demand Due to the Adoption of NOx Emission Control Technology for Motorcycles.
China is expected to remain a key manufacturer and consumer of motorcycle emission control catalysts, accounting for almost 28.9% of the market in 2021. China is often regarded as a leading car manufacturing hub.
The growing demand for motorcycles and scooters, combined with increased urbanization around the world, is driving motorbike production in China.
Several companies in China manufacture emission control catalysts for autos, construction, manufacturing, marine, and other industries. Moreover, they are also concentrating on the use of nitride oxide (NOx) sensors since NOx emission reduction technology adheres to stringent exhaust emission requirements. This is one of the key elements driving the emission control catalyst for China motorbike market.
The high production rate of two-wheelers is a crucial element contributing to the expansion of pollution control catalysts. To meet rising demand, manufacturers in China are investing in new model designs and producing large motorcycles.
Sales of Palladium-based Catalysts in Scooters have Exceeded Demand for Rhodium-based Catalysts.
In terms of product type, the palladium-based catalyst segment is predicted to dominate the market of motorcycle emission control catalysts. According to FMI, the palladium-based catalyst segment is expected to rise 5.5% year on year in 2021.
The demand for palladium and platinum metal has increased as pollution restrictions have become rigorous. Palladium is an essential component of catalytic converters found in all sorts of motorcycles and scooters.
Palladium is in high demand among catalyst producers because it neutralizes hazardous gases by converting them to carbon dioxide and water vapor. As a result, palladium is favored for catalytic converters over platinum and rhodium.
The Demand for Emission Control Catalysts for Scooters increased by 1.12 Times that for Motorcycles.
According to FMI, revenue in the application area held a 5.8% CAGR through 2021. While the motorcycle segment is expected to secure a 5.6% CAGR by the end of 2031.
Motorcycle catalyst sales are likely to increase in the approaching years because of the increased production of various motorbikes in India and China.
Numerous motorcycle catalyst producers are utilizing innovative materials and architectural designs for catalysts to meet motorbike emission laws and reduce pollution.
Key players in the motorcycle emission control catalyst market are emphasizing sustainability and product development to give a great performance while minimizing environmental effects. They are also seeking to enhance their production capacities to fulfill rising demand and obtain a competitive advantage.
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| Attribute | Details |
|---|---|
| Market Size Value In 2023 | USD 3.46 billion |
| Market Size Value at End of Forecast (2033) | USD 6.20 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America, Latin America, Western Europe, Eastern Europe, China, Japan, South Korea, India, South East Asia, The Middle East & Africa |
| Key Segments | By Product, By Application, By End Use, By Region |
| Key Companies Profiled | BASF SE, Johnson Matthey, Heraeus Holding Solvay SA,, Haldor Topsoe, Cormetech, Umicore, NGK Insulators Ltd., Corning Inc., Clariant AG, Cataler Corporation, Mitsui & Co. Ltd, Nett Technologies Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is expected to surpass USD 6.20 billion by 2033.
Increasing technical advancements are prompting catalyst producers to concentrate on developing high-performance emission catalysts is driving emission control catalysts for the motorcycle market.
The market size is anticipated to be USD 3.46 billion in 2023.
The emission control catalyst for the motorcycle market is expected to capture a CAGR of 6% during the forecast period 2023 to 2033.
North America dominated the emission control catalyst for the motorcycle market.
1. Executive Summary | Emission Control Catalyst for Motorcycle Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Palladium based catalyst 5.2. Platinum based catalyst 5.3. Rhodium based catalyst 5.4. Other Products 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Motorbikes 6.2. Scooters 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. BASF SE 15.2. Johnson Matthey 15.3. Heraeus Holding 15.4. Solvay SA 15.5. Haldor Topsoe 15.6. Cormetech 15.7. Umicore 15.8. NGK Insulators Ltd. 15.9. Corning Inc. 15.10. Clariant AG 15.11. Cataler Corporation 15.12. Mitsui & Co. Ltd 15.13. Nett Technologies Inc. 16. Assumptions & Acronyms Used 17. Research Methodology
Chemicals & Materials
April 2023
REP-GB-14245
315 pages
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Emission Control Catalyst for Motorcycle Market
