DeNOx catalyst is a chemical matter that can prompt reductant to react with NOx selectively at a certain temperature. It is installed in a NOx removal system, also known as SCR (Selective Catalytic Reduction) that reduces NOx from waste gas to (nitrogen gas) N2 with reducing agents such as NH3 or urea. V2O5 and TiO2 are the main raw materials for the production of deNOx catalyst. Most large & medium-sized companies purchase materials from the large-sized raw materials manufacturers. DeNOx catalyst has wide applications in SCR of the power plant, refinery plant, steel plant, cement plant, and transportation. SCR is a technology for the removal of N2 oxides.
According to the study, “Global Industrial DeNOx Catalyst Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global industrial DeNOx catalyst market are Envirotherm GmbH, Haldor Topsoe, BASF, Datang Environmental Industry Group, Cormetech, Seshin Electronics, Ceram-Ibiden, GUODIAN TECH, Hitachi Zosen, Johnson Matthey, Tianhe (Baoding), JGC C&C, Beijing Denox Environment & Technology, CRI, Dongfang KWH, Jiangsu Wonder, Hailiang, China Huadian Group, Fengye Group, Chongqing Yuanda, Tuna, Shandong Gem Sky.
Based on type, the industrial DeNOx catalyst market is segmented into flat type and honeycomb type. Flat type DeNOx catalysts are larger & costly and maintain a lower pressure drop. Honeycomb type DeNOx catalysts provide more surface expanse for substrates to get adsorbed. These catalysts perform best in the temperature range of 350-450°C. They can get deactivated owing to physical and chemical mechanisms such as poisoning, fouling, pore blocking, channel blocking, etc. Based on technology type, the market is segmented into Selective Catalytic Reduction (SCR), Selective Non-Catalytic Reduction (SNCR) and comparison of SCR & SNCR. Based on manufacturing material, the market is segmented into ceramic, zeolites & oxides of different base and precious metals. In addition, based on application, the market is segmented into transportation vehicles, power plants, cement plants, steel plants, refinery plants, mining & smelting, polymers & plastics, and others.
The industrial DeNOx catalyst market is driven by growth in industrialization amidst stringent regulations, followed by the world’s reliance on coal & natural gas for power generation and stringent emission control regulations. However, the emergence of less or non-emissive alternate sources of energy and unfavorable economic conditions may impact the market. Moreover, the rise in social & political concerns about global warming, upcoming regulations in the U.K. and India, the rise in usage of vehicles and an increase in awareness about sustainable development are key opportunities for the market.
Based on geography, the Asian-Pacific region holds the major share in the industrial DeNOx catalyst market owing to the rise in focus on emission control measures and rapidly expanding economies in the region. Whereas, the European and Asian-Pacific regions hold a major share in the market due to stringent norms imposed by governments & regulatory bodies over the forecast period. In upcoming years, it is projected that the future of the market will be optimistic as a result of growth in demand for pollution removal agents, strengthened regulations for emission control and a rise in advancements in technologies during the forecast period.
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