Sunday, December 4, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Metal Mining and Chemicals Chemicals Growth in Industrialization amidst Stringent Regulations Anticipated to Drive Global Industrial DeNOx...

Growth in Industrialization amidst Stringent Regulations Anticipated to Drive Global Industrial DeNOx Catalyst Market: Ken Research

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.

For More Information on the Research Report, refer to below links: –

Global Industrial DeNOx Catalyst Industry Growth

Related Reports: –

Global Industrial DeNOx Catalyst Market Status and Future Forecast 2015-2024

Global Industrial DeNOx Catalyst Market Analysis 2013-2018 and Forecast 2019-2024

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

Global Synthetic Leather Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 – Ken Research

Buy Now Market Overview Artificial leather, often known as synthetic leather, is a material designed to replace real leather in applications such as upholstery, clothing, footwear,...

3 Key Insights on Competitive Landscape in the Global Green Chemicals Market: Ken Research

Buy Now Regional Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Global Players, Regional Players,...

3 Key Insights on US$ 20 Bn Opportunity in the Global Nanomaterials Market – Ken Research

Buy Now Driven by the increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries, growing investments in research & development...

Most Popular

The Global Smart Vending Machine Market Is Expected To Grow By ~US$ 15 Billion By 2028 Growing With A CAGR Of ~12% Of 24.94%...

Buy Now Market Overview A smart vending machine also known as intelligent vending machine is an automated machine that provides items such as snacks, beverages, packaged...

The Credit Disbursed in Vietnam Auto Finance Market is expected to reach more than VND 300 Tr during by 2026F owing to the Lower...

Buy Now Currently 73.5% of the population in Vietnam uses a smartphone. The country aims to increase the rate to 85% by the end...

Global Synthetic Leather Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 – Ken Research

Buy Now Market Overview Artificial leather, often known as synthetic leather, is a material designed to replace real leather in applications such as upholstery, clothing, footwear,...

Global Athleisure Market Expected to Reach Approximately US$ 450 billion by 2028: Ken Research

Buy Now Athleisure also categorized as hybrid clothing, refers to manufactured apparel that is frequently worn for athletic activities as well as in other contexts...