Growing Demand for Emission Control Catalysts in Marine Applications

The emission control catalysts industry is experiencing a surge in demand due to the need for fuel efficiency, particularly in large marine vessels. Catalytic converters play a crucial role in improving fuel economy by converting harmful pollutants into less damaging molecules. The emission control catalyst market for marine applications is projected to grow at a compound annual growth rate of 5.3% during the forecast period, reaching a value of US$ 998.19 million in 2023 and expected to rise to US$ 1,673.01 million by 2033.

The International Maritime Organization (IMO) has imposed strict emissions regulations for ships and other marine vessels, driving the demand for emission control catalysts. Various pollution control catalysts such as diesel oxidation catalysts (DOCs), selective catalytic reduction (SCR) systems, and diesel particulate filters (DPFs) are available for maritime applications, with the choice depending on factors like engine type, operating conditions, and emissions standards.

Commercial vessel sales are anticipated to boost the market for diesel-based emission catalysts, accounting for 86.6% of the market share in 2023, while gasoline-based emission catalysts are expected to hold 14.4% of the market. Key players in the industry are focusing on technological advancements, with companies like Johnson Matthey and Hug Engineering introducing innovative solutions to meet stringent emissions regulations. Collaborations and partnerships are also being pursued to enhance product offerings and expand geographical presence.

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