The emission control catalyst for small engines market value is expected to be around USD 1,000.3 million in 2023. Future Market Insights (FMI) forecasts the global emission control catalyst for the small engines market to register year-on-year growth of 4.3% through 2033.
Global emission control catalysts business is getting notable as industries are now aiming for pollution reduction and carbon neutrality. Hence, FMI further estimates that the emission control catalyst for small engines market valuation to reach USD 1,524 million by 2033.
Exhaust emissions from different types of engines have become a leading contributor to environmental problems and air pollution nowadays. So, many manufacturers are designing emission control catalysts to check and reduce this harmful emission in the environment.
Increasing industrial and construction activities is an important factor fueling the growth of the small engine catalysts market. Some leading manufacturers are focusing on making small engine catalysts to reduce pollution emissions from two-stroke engines that run on gasoline fuel.
The implementation of stringent emission control regulations has increased the use of emission control catalysts in many new sectors. The use of small engine catalysts in construction machinery, forest, and garden equipment is boosting sales and emerging trends in the market.
| Attributes | Details |
|---|---|
| Emission Control Catalyst for Small Engines Market Base Year Value (2022A) | USD 959.7 million |
| Emission Control Catalyst for Small Engines Market Estimated Year Value (2023E) | USD 1,000.3 million |
| Emission Control Catalyst for Small Engines Market Projected Year Value (2033F) | USD 1,524 million |
| Value CAGR (2023 to 2033) | 4.3% |
| Collective Value Share: Top 3 Countries (2020A) | 42.9% |
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According to the previous survey data by FMI, the market was valued at around USD 891 million back in the year 2017. Demand for emission control catalysts for small engines expanded at a mere 1.5% average CAGR between the years 2017 and 2022. Sales of catalytic converters registered a slump due to the pandemic in 2020, which reduced emission control catalyst demand in various industries.
After 2021, the sales of emission catalysts bounced back to their normal pace as manufacturing facilities around the world resumed operations. The increasing use of small catalytic converters in emerging economies is anticipated to propel their sales at 4.3% CAGR over the forecast period.
With the growing population and rising industrialization, construction activities using heavy and light machinery that consumes gasoline are also rising. The introduction of regulations to check the exhaust of harmful gases from small IC engines is often identified as a primary market driver.
Traditionally, manufacturers' focus was on making cost-effective and customized designs of emission control catalysts that eliminate harmful gases from vehicle engines. Emission control regulations for small engines have become strict in the last few years, which has pushed manufacturers to develop different types of catalysts for various end-use applications.
Catalysts for construction machinery and gardening tools are developed by customized precious metal loadings for both four and two strokes small engines.
Principal Consultant
The total worth of all emission control catalysts for small engines sold in the United States reached USD 339.7 million in 2021. The United States emission control catalyst for small engines market is expected to expand by a 3.8% year-on-year rate. Increasing sales of gardening tools and the rising preference for DIY equipment in the country are some crucial factors driving the market.
The market in the United States is expected to witness positive growth due to the presence of many leading manufacturers competing globally. These manufacturers are mostly focusing on research and innovation to increase the type of material that can be used as a catalyst. They are making ceramic substrates and particulate filters from precious metals like palladium and platinum for small gasoline engines.
| Regional Markets | Global Market Share in Percentage |
|---|---|
| The United States | 32.8% |
| Germany | 3.4% |
| Japan | 3.1% |
| Australia | 0.6% |
The production of emission control catalysts is anticipated to expand significantly in Germany through the course of the forecast period. Based on the emission control catalyst for small engines market analysis report, Germany is anticipated to register a CAGR of 4.3% through 2033.
Germany is a manufacturing hub for mobile emissions control catalysts for both small as well as big engines for a long time. Now, manufacturers in Germany are focusing on making cost-effective and fuel-efficient technologies to help reduce the cost of the catalysts. They aim to provide innovative solutions for new engine technologies and tighten emission regulations for a wide range of market applications. Manufacturers also aim to expand and enhance their production capabilities to meet the growing demand in Germany and Europe.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 4.1% |
| China | 5.6% |
| India | 6.5% |
In 2022, China remained a lucrative market for small engine emission control catalysts, accounting for about 10.1% of the overall market. Rapid developments in the industrial and construction sectors are boosting sales of emission control catalysts for small engines in the domestic market. According to the FMI report, sales of small engine catalysts in China are anticipated to secure a 5.5% CAGR through 2033.
The sufficient availability of raw materials or catalysts & processing facilities is the main factor behind the growth of the market in China. Countries in Asia where new stringent emission regulation legislations have been introduced to improve air quality may also contribute to this growth. In addition to this, China is also considered a leading manufacturing hub for automobiles and small industrial equipment running on gasoline.
In terms of product type, gasoline-based emission catalyst is expected to dominate the overall market through 2033. As per FMI, the gasoline-based emission catalyst segment is projected to register a year-on-year growth rate of 3.8% during this period.
In the Gasoline based segment, palladium is the preferred catalyst followed by its rubidium catalyst sub-segment. While the sales of palladium emission catalysts are predicted to follow a 4.5% CAGR through 2033, the rubidium emission catalyst could follow closely.
FMI further predicts the rising demand for diesel-based emission catalysts may also remain high through the forecast period. The low cost of diesel-based emission catalysts and their high use in commercial vehicles is expected to keep this segment profiting in near future.
| Industry Category | Product Type |
|---|---|
| Top Segment | Gasoline-based Emission Catalyst |
| Revenue Share | 78.3% |
| Industry Category | Application |
|---|---|
| Top Segment | Gardening |
| Revenue Share | 28.3% |
Demand for emission control catalysts in the construction segment is projected to thrive at 5% CAGR over the forecast period. The expansion of industrial and construction segments in developed and developing markets is expected to increase the application of emission control catalysts. Tightening emission limits for construction machinery has obliged manufacturers to make highly efficient catalysts with innovative concepts for small engines.
Gardening remains the main application for emission control catalysts for small engines, accounting for 28.3% of the total market volume. Efforts by international and national organizations are also driving the sales of emission control catalysts in the small automotive sector.
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Key players are focusing on acquisitions and partnerships to maintain the goodwill of the companies as well as expand their geographic presence. Key players also focus on innovation and the design of new products to meet the changing emission control norms.
Some leading manufacturers are making small engine catalysts for diesel and gasoline engines to provide a high-performance reduction in exhaust gas emissions. Selective catalytic reduction catalysts (SCR) and diesel oxidation catalysts can convert harmful gases like NOx and CO into acceptable nitrogen and water.
Recent Developments by the Emission Control Catalyst for Small Engines Industries
How can Manufacturers Scale their Businesses in the Global Emission Control Catalyst for Small Engines Market?
Existing manufacturers can increase investment in research & development to leverage any new products and technologies thereby increasing their profitability. Manufacturers can increase their portfolio of catalysts for construction, forest, and garden equipment with adaptable designs for integration in different sectors.
It is anticipated that urban areas would promote the use of small engine catalysts in the future to meet the required air quality regulations. So, the establishment of manufacturing facilities nearby metropolitan cities meanwhile could provide the interested market players the first mover advantage.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2016 to 2022 |
| Market Analysis | USD million for Value and ‘000 Bricks for Volume |
| Key Regions Covered | North America, Latin America, Western Europe, Eastern Europe, China, Japan, South Korea, India, South East Asia, and the Middle East & Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, BENELUX, Poland, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Philippines, Vietnam, GCC Countries, Türkiye, Northern Africa, and South Africa. |
| Key Segments Covered | By Product Type, By Application, By End Use, and By Region |
| Key Companies Profiled | BASF SE; Johnson Matthey; Umicore; Corning Inc.; Clariant AG; Solvay SA; Tenneco Inc.; Cataler Corporation; NGK Insulators Inc.; AP Exhaust Technologies; Catalytic Combustion Corporation |
| 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 estimated to secure a valuation of USD 1,000.3 million in 2023.
The market is projected to reach 4.3% CAGR through 2033.
The global market size is estimated to reach USD 1,524 million by 2033.
Top countries slated for 42.9% share in 2020.
BASF SE, Johnson Matthey, and Umicore are the top market players.
1. Executive Summary | Emission Control Catalyst for Small Engines 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 Type 5.1. Diesel Based Emission Catalyst 5.1.1. Diesel Oxidation Catalyst (DOC) 5.1.2. Selective Catalytic Reduction Catalyst (SCR) 5.1.3. Catalysed Soot Filter/Diesel Particulate Filter 5.1.4. Ammonia Oxidation Catalyst (AMX) 5.1.5. NOx Absorbers 5.2. Gasoline Based Emission Catalyst 5.3. Palladium based catalyst 5.4. Rhodium based catalyst 5.5. Platinum based catalyst 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Construction 6.2. Gardening 6.3. Industrial 6.4. Small Vehicles 6.5. Others 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. Umicore 15.5. Corning Inc. 15.6. Clariant AG 15.7. Solvay SA 15.8. Tenneco Inc. 15.9. Cataler Corporation 15.10. NGK Insulators Inc. 15.11. AP Exhaust Technologies 15.12. Catalytic Combustion Corporation 16. Assumptions & Acronyms Used 17. Research Methodology
Chemicals & Materials
April 2023
REP-GB-14244
315 pages
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Emission Control Catalyst for Small Engines Market
