NOx refers to the numerous types of nitrogen oxides. DeNOx refers to the removal of nitrogen oxides. A variety of nitrogen oxides are produced as a by-product in refineries, industries and even vehicles. These can cause pollution. With the help of a Selective Catalytic Reduction system (SCR), these nitrogen oxides can be removed. A DeNOx catalyst is a chemical substance that reacts with NOx at a certain temperature. SCR systems use DeNOx catalysts to breakdown these hazardous pollutants into nitrogen and water. A DeNOx catalyst has various applications in the SCR of refinery plants, steel plants, cement plants, power plants, and transportation.
Market.us has recently published a market research report titled, “Global DeNOx Catalyst Market by Type, and by Application – Forecast from 2021 to 2030”. This report offers a comprehensive analysis of the DeNOx catalyst market. It is through all-encompassing research efforts, both primary and secondary, that the research results have been thoroughly examined over the study period. The DeNOx catalyst market is projected to have a valuation of over US$ 2,392 million, from its estimated revenue of US$ 1,854 million generated in 2018.
The global DeNOx Catalyst market is sectioned into flat and honeycomb types of catalysts. The furtherance of the DeNOx catalyst market is largely dependant on the industries that discharge COx. Due to the rise in the number of vehicles and industries in the Asia Pacific and Chinese regions, the DeNOx catalyst market has been growing at a satisfactory rate. As for the North American and European regions, the growth of this market can be attributed to ironclad norms that have been imposed by their respective governments as a measure to reduce the emission of COx. It is factors such as these that will drive the growth of the DeNOx catalyst market during the forecasted period. An increase in the number of industries and vehicles in developing regions will have a corresponding increase in the requirement of DeNOx catalysts. Innovation in technologies related to denitrification in recent years has played a crucial part in the increased demand for DeNOx catalysts. Several companies have even developed new methodologies that aid in the reduction of NOx, the oxidation of CO and the minimization of other pollutants.
The global DeNOx Catalyst market can be segmented on the basis of product type, application, and region.
On the basis of type, the market is segmented into flat and honeycomb types. The honeycomb type has been known to occupy a majority of the global DeNox catalyst’s market share. With regards to application, segmentation here is divided into Cement plants, power plants, steel plants, refinery plants, transportation vehicles, and others. The lion’s share of the DeNOx catalyst market belongs to the power plant segment. In terms of region, the market is segmented into the United States, China, Europe, Japan, Southeast Asia, and India followed by the rest of the world. A major share of the DeNOx catalyst market is owned by Chinese accounts, followed by the United States.
The global DeNOx Catalyst market report includes company profiles of major players such as Envirotherm GmbH, Tianhe Environmental Engineering, Shangdong Gemsky Environmental Technology, Jiangsu Fengye Tech & Environmental Group, BASF SE, Cormetech, IBIDEN Porzellanfabrick Frauenthal GmbH, Johnson Matthey Plc, Haldor Topsoe, Hitachi Zosen Corp, Seshin Electronics Co. Ltd., JGC C&C, CRI Catalyst Company, etc.