The global emission control catalyst for marine market is anticipated to expand at a steady 5.5% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Driven by this, the global emission control catalyst for marine market is expected to surpass US$ 1,531.3 Mn by the end of 2031.

Growing marine fleet size, along with increasing demand for shipping transportation is expected to drive the market over the assessment period.  Catalytic converters remove hydrocarbons, nitrogen oxides and carbon monoxide from exhaust fumes in marine engines.

The International Maritime Organization (IMO) has implemented strict regulations for harmful emissions from vessels based on their date of engine installation. New marine engines are equipped with selective catalytic reduction catalyst (SCR) to reduce NOx emissions which is fueling the demand for marine catalysts.

Competitive Landscape         

Key market players in the global emission control catalyst for marine market elaborated in the report includes BASF SE, Johnson Matthey, Haldor Topsoe, Heraeus Holding, Tenneco Inc., Alfa Laval, NGK Insulators, Cormetech, Cataler Combustion Corporation and others.

Manufacturers are focusing on sustainability and are aiming to increase research development activities for the development of new products. In addition to this they are investing in production capacity expansions in response a growing consumer pool.

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Emission Control Catalyst for Marine Market By Category

By Product Type:

• Diesel-Based Emission Catalyst
  • Diesel Oxidation Catalyst (DOC)
  • Selective Catalytic Reduction Catalyst (SCR)
  • Catalyzed Soot Filter/Diesel Particulate Filter
  • Ammonia Oxidation Catalyst (AMX)
  • NOx Absorbers
• Gasoline-Based Emission Catalyst
  • Palladium based catalyst
  • Rhodium based catalyst
  • Platinum based catalyst

By Application:

• Commercial Vessel
• Offshore Support Vessel
• Passenger Vessel
• Power Boat
• Fishing Boat

By End Use:

• OEM
• Retrofit

“Demand for emission control catalysts is expected to be driven by stringent regulations implemented to curb the emission of  SOx, CO2, and other harmful gases from different types of marine engines. In addition to this, surging demand for diesel-based catalysts for commercial vehicles will fuel sales in the forthcoming years,” says the FMI analyst.

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