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Industrial Catalytic Converters Market Analysis,
Segments, Growth and Value Chain 2017-2027
April 2017
Report Id : REP-GB-3496
Status : Ongoing
Category : Industrial Automation and Equipment
©2015 Future Market Insights, All Rights Reserved
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Industrial Catalytic Converters Market
Industrial catalytic converters are devices used to control the emission of toxic and harmful pollutants
from exhaust gasses by converting them through a redox reaction. A redox reaction consists of either an
oxidation reaction or a reduction reaction. As many countries have stringent norms pertaining to
environmental safety, every industrial exhaust system should contain catalytic converters. Industrial
catalytic converters find application in several industries, such as refinery, steel, and manufacturing,
where the emission of toxic gasses is high. These devices are mainly used to convert harmful exhaust
gasses, such as CO (carbon monoxide), HC (hydrocarbons), and NO (nitrogen oxides), among others into
less toxic and harmful gasses, such as CO2 (carbon dioxide), N2 (nitrogen), and others.
An industrial catalytic converter is made of two columns, ceramic and metallic, and both the columns
have a catalyst coating. The ceramic column provides protection from thermal and vibration shocks, and
the metallic column is directly mounted on the main body. In this device, platinum, rhodium or palladium
are used as catalysts and they are coated on the ceramic column, and attached to the outlet. Earlier,
platinum was a widely used catalyst, but nowadays, due to the high cost of platinum, the use of rhodium
and palladium is trending.
While there are many types of industrial catalytic converters, two of the prominent ones are two-way
catalytic converter and three-way catalytic converter. Two-way industrial catalytic converters are mainly
used in some engines, such as diesel, gasoline, and others in order to decrease the emission of CO
(carbon monoxide), NO (nitrogen oxide) and HC (hydrocarbons). Three-way converters are used to
control highly harmful and toxic gasses emission, such as NO2(nitrogen dioxide), and nitric oxide, among
others that cause smog and acid rain.
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Industrial Catalytic Converters Market
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Industrial Catalytic Converters Market: Dynamics
Increasing industrialization across the world in industries, such as automobile, chemical, textile, and
increasing manufacturing of electrical equipment, and steel products drives the demand for industrial
catalytic converters. Additionally, stringent norms set by government authorities in various countries are
influencing the demand for industrial catalytic converters.
On the other hand, with the evolution of technology, the automobile industry is shifting towards electric
vehicles, which will act as a restraint for the global industrial catalytic converters market. The use of nonnoble metals in the manufacturing of industrial catalytic converters is a key trend identified recently.
Increase in vehicle production and sales, and increase in global industrialization can foster a strong
potential opportunity for this market. At the same time, fluctuating prices of some of the metals used in
the manufacturing of industrial catalytic converters can be a major challenge for the market.
Industrial Catalytic Converters Market: Segmentation
Market segmentation of the industrial catalytic converters market on the basis of its types:

Two-Way
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Industrial Catalytic Converters Market

Three-Way
 Market segmentation of the industrial catalytic converters market on the basis of the applications:

Portable Generators, Portable Heaters

Furnace and Chimney

Forklifts, Cranes and Lifting Equipment

Air Compressors

Drilling and Well-Digging Machines

Pile Drivers and Bridge-Building Machinery

Construction Equipment

Others
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Market segmentation of the industrial catalytic converters market on the basis of the end use industry:

Oil and Gas
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Industrial Catalytic Converters Market

Chemical

Metal and Mining

Textile

Automobile
Industrial Catalytic Converters Market: Regional Outlook
The Asia Pacific region holds a majority of the market share as compared to other regions, followed by
Europe and then North America – both of which are expected to grow at the same rate. The demand for
industrial catalytic converters in countries, such as China, India, and South Korea in Asia Pacific is
expected to grow, owing to the continuous growth of chemical and textile industries in the region.
Europe is seen as a potential market for the industry, due to the upcoming emission standards for the
reduction of carbon monoxide from various industries. Also, Europe and North America show promising
opportunities for the industrial catalytic converters market, as the regions are chemical manufacturing
hubs. The demand for industrial catalytic converters is anticipated to grow at a CAGR of around 8%
globally over the forecasted period, which can be attributed to the increase in demand from textile and
manufacturing industries.
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Industrial Catalytic Converters Market
Industrial Catalytic Converters Market: Market Participants
Examples of some of the market participants in the industrial catalytic converters market identified
across the value chain are Bosal, Katcon, Ningbo Kesen Exhaust Gas Cleaner Manufacturing Co. Ltd.,
Wuxi Weifu Lida Catalytic Converter Co. Ltd., Catalytic Products International, Dcl International Inc.,
Standard Teco. Limited, Teco Limited, and AP Exhaust Products.
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