According to a market analysis report about SCR, Denitrification Catalyst shows the forecast of 2019-2025 which gives an edge to its clients over competitors the report is published by Market Research Report Store. As of 2017, the worldwide value of SCR Denitrification Catalyst Market was 1453 million US$ and it is expected to reach 1518 million by the year 2025. SCR Denitrification Catalyst is denitrification used to reduce the NOx to N2. SCR is currently the most used technology industry for controlling NOx.
The companies involved in the SCR Denitrification Catalyst market includes BASF, Beijing Denox, CHEC., Ceram-Ibiden, Chongqing Yuanda, Cormetech, CRI, Dongfang KWH, Johnson Matthey, Gem Sky, Guodian Longyuan, Hailiang, Datang Environmental, Haldor Topsoe, Hitachi Zosen, JGC C&C, Jiangsu Wonder, Tuna, Seshin Electronic, and Tianhe (Baoding). Based on the use of this product it is divided into the Chemical industry, Glass industry, Cement Plant, Transportatio, into Power Plant, Steel Plant, and Others. The product is also divided into three types of catalysts which include Plates catalyst, Corrugated Catalysts, and Honey Comb Catalyst. The use of different catalysts varies.
Honeycomb catalyst currently holds the largest market share and it is the most extensively used catalyst which holds 62.37% of the global market in the year 2017. SCR denitrification catalyst is mostly used in coal plants which hold about 58.3 of the market share. Corrugated SCR denitrification catalyst has the smallest market share of 4.24% and it is used in a variety of industries.
The price of SCR denitrification catalyst is falling because most of the power plants have already installed the catalysts. Since 2011 the price of SCR denitrification catalyst is falling due to the decreased amount of power plants being built. The production of SCR denitrification catalyst will be 495 K cbm in 2018 from the 409 K cbm of 2017. The CAGR during this time will be 3.86%. The major producers of SCR denitrification catalyst are USA, Germany, Japan, and China. The market at present is led by China and it increased production to 2264 K cbm of 2017 from 207 K cbm in 2013 with the CAGR of 6.17%.
China is also the largest consumer of SCR denitrification catalyst products in the world with a market share of 61.6% in the year 2017 from the previous value of 54.2% in the year 2013. The position of China will remain the same in the upcoming years. North America and Japan have a market share of 33% in the year 2017. All of these markets only increase the CAGR of SCR denitrification catalyst products less than 3.5%. In the future worldwide SCR Denitrification Catalyst market will have the value of 1453 million US$ in 2017 and the value is expected to be as high as 1518 US$ by the end of 2025 and the CAGR during that time will be 0.55%.