APAC is the leading region in the Emission Control Catalyst Market

    58

    Summary

    APAC is the largest market for Emission Control Catalyst. Industrialization, growing population, and urbanization of APAC are boosting the ECC market. The major end-users of ECC in the region are light-duty vehicles (LDV), power plants, chemical plants, and motorcycles.

    Press Release

    The Emission Control Catalysts (ECC) Market size is expected to grow from USD 21.1 billion in 2019 to USD 30.5 billion by 2024, at a CAGR of 7.7% during the forecast period. The major factors driving the market are the stringent emission standards implemented by governments across the globe and increasing aftermarket for catalytic converters.

    Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownload.asp?id=217359123

    The major players in the market include BASF Catalyst (Germany), Johnson Matthey (UK), Umicore (Belgium), Corning Incorporated (US), Tenneco (US), Clariant (Switzerland), Cataler (Japan), Heraeus (Germany), Haldor Topsoe (Denmark), Cormetech (US), IBIDEN (Japan), and INTERKAT (Germany). These players have adopted various growth strategies to expand their presence in the market further. New product launch, investment & expansion, and merger & acquisition have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global ECC market.

    Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=217359123

    The APAC region is projected to account for the largest share in the industrial packaging market during the forecast period.

    The APAC region is projected to lead the industrial packaging market, in terms of both value and volume from 2020 to 2025. Higher domestic demand, along with the availability of low-cost labour, makes this region the most attractive market for industrial packaging producers. Hence, the market players are focusing on this region to gain a larger share and increase their profitability. Factors such as improving global economy, expanding working population, and rising domestic demand for food and pharmaceutical products are expected to boost the market for industrial packaging.

     

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

    Contact MarketsandMarkets™:
    Mr. Ashish Mehra,
    MarketsandMarkets™ INC.
    630 Dundee Road
    Suite 430
    Northbrook,IL,60062
    USA:1-888-600-6441
    [email protected]