DeNOx Catalyst Market Is Growing Owing To Increasing Awareness About Honeycomb Worldwide
Pune, Maharashtra, November 12, 2019 (Wired Release) Prudour Pvt. Ltd. Market.us announces publication of its most recently generated research report titled, “Global DeNOx Catalyst Market by Type (Honeycomb and Flat), By Application (Power Plant, Cement Plant, Steel Plant and Others), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global DeNOx Catalyst market through systematic segmentation that covers every aspect of the target market.
The global DeNOx catalyst market is projected to be US$ 1,854.0 Mn in 2018 to reach US$ 2,392.5 Mn by 2028 at a CAGR of 2.6%.
NOx denotes various types of nitrogen oxides and DeNOx is the term used to indicate removal of nitrogen oxides. Various types of nitrogen oxides are produced as by products in industries, refineries or from vehicles, and cause pollution. These NOx can be removed via Selective Catalytic Reduction (SCR) systems. DeNOx catalysts used in SCR systems convert the hazardous NOx into nitrogen and water. DeNOx catalyst is a chemical substance that can prompt reductant to react with NOx selectively at a certain temperature. DeNOx catalyst has wide application in SCR (selective catalytic reduction) of a power plant, cement plant, refinery plant, steel plant, and transportation. SCR is a technology for the removal of nitrogen oxides. DeNOx catalyst is installed in a NOx removal system called SCR (Selective Catalytic Reduction), which reduces NOx from waste gas to N2 with reducing agents such as NH3 or urea. Global DeNOx market is segmented into Honeycomb and Flat types of catalysts. The growth of the market largely depends upon the industries that emit out NOx. DeNOx market is growing at a moderate pace in the emerging regions of Asia Pacific and China owing to the rise in the number of vehicles and industries in the region. While the growth of the market in the developed regions of North America and Europe can be contributed to the stringent norms imposed by the government to reduce the emission of NOx. All these factors are expected to drive the growth of the market in the forecast period.
Increase in the number of vehicles and industries have led to a rise in the demand for DeNOx catalysts in the emerging regions.
Browse the full DeNOx Catalyst Market Research Report with TOC: https://market.us/report/denox-catalyst-market/
Global DeNOx Catalyst Market Revenue (US$ Mn), 2018–2028
Many companies have developed new techniques that can simultaneously reduce NOx, oxidizes CO and minimizes other pollutants too. These techniques are anticipated to boost the growth of the market.
Innovation in the denitrification technologies, in the past few years, has been a crucial factor in increasing the demand for DeNOx catalysts.
On the basis of product type, the market is segmented into honeycomb type and flat type. Honeycomb type accounts for majority share in the global DeNOx market.
On the basis of application, the market is segmented into Power Plant, Cement Plant, Refinery Plant, Steel Plant, Transportation Vehicle and others. Power Plant segment accounts for the majority share in Global DeNOx market.
On the basis of region, the market is segmented into the United States, China, Europe, Japan, Southeast Asia, India and Rest of the World. China accounts for the majority share in the global DeNOx market, followed by US.
The research report on the global DeNOx market includes profiles of some of major companies such as Envirotherm GmbH, Tianhe Environmental Engineering, Shangdong Gemsky Environmental Technology, Jiangsu Fengye Tech and Environmental Group, BASF SE, Cormetech, IBIDEN Porzellanfabrick Frauenthal GmbH, Johnson Matthey Plc, Haldor Topsoe, Hitachi Zosen Corp, Seshin Electronics Co Ltd, JGC C and C, CRI Catalyst Company etc.
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