NOx is a term collectively used for nitrogen oxides, i.e., NO (nitric oxide) and NO2. (Nitrogen dioxide). Combustion and flue gases majorly contributes to the production of NOx. NOx, the products of man-made activities are responsible for acid rains, global warming, and pollution. The need to eliminate these compounds from nature led to the development of denox catalysts. On the addition of ammonia to NOx, denox catalysts trigger the conversion of hazardous NOx into naturally occurring nitrogen and water. If ammonia, in the form of urea is employed, CO2 is also generated as a by-product. Till date, efficiency of reducing NOx to nitrogen and water is achieved up to 70-95%. Denox catalysts can be utilized in selective catalytic reduction (SCR) systems of boilers, turbines, diesel engines, water incineration and biomass, power stations, chemical plants, etc., which can ultimately result in the lower emission of NOx because of its catalytic conversion.
Denox catalysts can be segmented in terms of manufacturing material, shape of the catalyst and applications. The manufacturing of catalysts include ceramic, zeolites and oxides of different base and precious metals. Base metal catalysts can work under common industry temperature conditions (200 to 600°C), whereas zeolite catalysts require higher temperature range so that they can be utilized in higher temperature applications. Denox catalyst is either plate shaped or honeycomb shaped. Plate catalysts maintain lower pressure drop; however, they are larger and costly; while porous honeycomb catalysts provide more surface area for substrates to get adsorbed. They perform best in the temperature range of 350 to 450°C. These catalysts can get deactivated due to chemical and physical mechanisms such as poisoning, pore blocking, fouling, channel blocking, etc. Alkali metals and phosphorous are primarily responsible for poisoning of the catalysts. Condensation of some volatile organic compounds on the surface of the catalysts result in the deactivation. Impairment of SCR systems due to some compounds in biomass, flue gases can be another technical challenge. In terms of application the Denox catalysts market can be segmented into transportation vehicles, steel plants, refinery plants, power plants, cement plants, mining and smelting, polymers and plastics and others.
Social and political concerns about global warming and increasing awareness about sustainable development are driving the demand for denox catalysts. Increasing usage of vehicles, industrial growth, technology advancements, and strengthened regulations for emission control are anticipated to fuel the denox catalysts market. Research and development activities are anticipated to promote the usage of catalysts. In terms of region, the denox catalysts market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Demand for denox catalyst is rising from countries such as India and China due to their rapidly expanding economies and focus on emission control measures. The stringent norms in North America and Europe imposed by governments and regulatory bodies have led to the minimization of the total permissible emission of NOx, which in turn is anticipated to propel the denox catalysts market. Demand for pollution removal agents is estimated to rise due to low quality of fuel resources in Middle East & Africa. The Asia Pacific denox catalyst market is likely to expand at a rapid pace during the forecast period. Major players operating in the global denox catalysts market include CRI Catalysts, BASF, JGC C&C, Johnson Matthey, Tuna Corporation, and VINCI Environment.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.