News

May 13, 2023

Emission Control Catalyst for Small Engines Market Valuation to Reach US$ 1,524 million by 2033

Expansion of construction and infrastructure industries will result in high

Expansion of construction and infrastructure industries will result in high sales of emission control catalysts for small engines over the forecast period. The global emission control catalyst for small engine market sales is anticipated to expand at a steady 4.3% CAGR over the forecast period between 2021 and 2033, finds Future Market Insights (FMI) in a recent market analysis.

Manufacturers of catalytic converters for small engines are providing a wide solution range for various applications, which includes lawn mowers, trimmers, chain saws, refrigerated transportation and others. This is one of the leading factors fueling the demand in the market.

Emission control catalysts are available for diesel and gasoline vehicle types. Selective catalytic reduction catalyst (SCR) is used in on-road and off-road applications. Some of the leading automobile manufacturers are using three way catalytic converters to reduce harmful emissions.

Expansion of the construction industry due to growing industrialization across the globe will present attractive prospects for the expansion of the market. Driven by this, the overall sales in the market will total US$ 1,524 Mn by the end of 2033.

Geographically, the market is predicted to be dominated by North America. High demand for gardening tools will push demand for emission control catalysts for small engines in the U.S. This in turn will present attractive prospects for the growth of the market.

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Key Takeaways:

"Leading manufacturers are focusing on making technological improvements. Besides this, they are investing in expansion strategies to strengthen their footprint, especially in emerging markets," says an analyst at FMI.

Competitive Landscape

Key market participants in the global Emission Control Catalyst for Small Engine market elaborated in the report includes BASF SE, Johnson Matthey, Heraeus Holding, Solvay SA, Umicore, Corning Inc., Clariant AG, Tenneco Inc., NGK Insulators Inc., Nett Technologies Inc., Cataler Corporation and others.

Major players in the emission control catalyst for small engines are investing in research & development for new product development. They also focus on expanding their manufacturing capabilities for emission control catalysts due to growing demand from customers across the globe. For instance:

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Emission Control Catalyst for Small Engines Market By Category

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Table of Content

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

TOC continued…!

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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