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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 about 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.
An industrial catalytic converter is made of two columns, ceramic and metallic, and both the columns have a catalyst coating. The ceramic column protects 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.
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.
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While there are many types of industrial catalytic converters, two of the prominent ones are two-way catalytic converters and three-way catalytic converters. Two-way industrial catalytic converters are mainly used in some engines, such as diesel, gasoline, and others 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 gas emissions, such as NO2 (nitrogen dioxide), and nitric oxide, among others that cause smog and acid rain.
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.
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 the 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 the textile and manufacturing industries.
North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-3496
Market segmentation of the industrial catalytic converters market based on its types:
Two-Way Three-WayMarket segmentation of the industrial catalytic converters market based on 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 OthersMarket segmentation of the industrial catalytic converters market based on the end-use industry:
Oil and Gas Chemical Metal and Mining Textile AutomobileReport Highlights:
Detailed overview of the parent market Changing market dynamics in the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint.
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