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Global SCR Denitrification Catalyst Market Is Valued At USD 1453 Million In 2017 And Is Expected To Reach USD 1518 Million By The End Of 2025
SCR Denitrification Catalyst is selective catalyst in denitrification system, to catalytically reduce NOx (mainly NO and NO2) to N2 in presence of reduced agents, such as NH3.
SCR is today the dominant technology for the control of NOx in power industry, steel industry, cement industry, Transportation, metallurgy industry, etc.
The major players in global SCR Denitrification Catalyst market include:Johnson Matthey, BASF, Cormetech, Hitachi Zosen, Ceram-Ibiden, Haldor Topsoe, Seshin Electronics, JGC C&C, CRI, Tianhe (Baoding), Hailiang, Datang Environmental, Guodian Longyuan, Jiangsu Wonder, Tuna, Dongfang KWH, Chongqing Yuanda, Gem Sky, Beijing Denox, CHEC.
On the basis of product, the SCR Denitrification Catalyst market is primarily split into:Honeycomb catalyst, Plate catalyst, Corrugated catalyst.
On the basis on the end users/applications, this report covers: Power Plant, Cement Plant, Steel Plant, Glass industry, Chemical industry, Transportation, Others.
SCR denitrification (DeNOx) catalyst is a selective catalytic reduction catalyst for denitrification use. There are honeycomb SCR denitrification catalyst, plate SCR denitrification catalyst and corrugated SCR denitrification catalyst. Honeycomb type is the mainly product in the world at present, represented about 62.37% of the global production market in 2017. And corrugated SCR denitrification catalyst is a rare type, represented less than 4.24% of the total. SCR denitrification catalyst can be used in power plant, cement plant, steel plant, glass industry, chemical industry, transportation, etc., to clear up the nitrogen oxides pollution. The coal-fired power plant is the main use of the SCR denitrification catalyst with the share of about 58.3% in the world.
The global average price of SCR denitrification catalyst is in the falling volatility trend, from 4716 USD/cbm in 2013 to 2956 USD/cbm in 2017. It showed a rising trend from 2011 to 2013 in China, and then dropped by 22% in 2014, because the demand reduced after most of the power plants installed the SCR denitrification systems in 2013. And the price was deeply cut in 2016 in China by a rate more than 40%, the gross margin of SCR denitrification catalyst touched a low level of about 20% since then.
The SCR denitrification catalyst total production will reach about 495 K cbm in 2018 from 409 K cbm in 2013 all around the world, with the CAGR of 3.86%. China, USA, Japan and Germany are now the key producers of SCR denitrification catalyst in the world. The market growth is leading by China these years, Chinese production increased to 2264 K cbm in 2017 from about 207 K cbm in 2013 with the CAGR of about 6.17%.
China is the largest consumption country of SCR denitrification catalyst products in the world in the past few years while the market share increased to about 61.6% in 2017 from 54.2% in 2013, and China will keep the leading position in the next few years. North America, Europe and Japan took up about 33% the world in 2017, and the three markets increased slowly in 2013-2017, all CAGR of demand is less than 3.5%.
By the way, the SCR denitrification systems was installed for coal-fired power plants around 2013 in China, but it turned to be oversupply after 2015. And some of Chinese players began to look for export market in 2016. The global price would be cut down if the Chinese SCR denitrification catalyst is widely accepted in the overseas market.
Looking into the future, the global SCR Denitrification Catalyst market is valued at USD 1453 million in 2017 and is expected to reach USD 1518 million by the end of 2025, growing at a Growth Rate of 0.55% between 2017 and 2025.
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North America SCR Denitrification Catalyst Market Growth 2019-2024
United States SCR Denitrification Catalyst Market Growth 2019-2024
Asia-Pacific SCR Denitrification Catalyst Market Growth 2019-2024
Europe SCR Denitrification Catalyst Market Growth 2019-2024
EMEA SCR Denitrification Catalyst Market Growth 2019-2024
Global SCR Denitrification Catalyst Market Growth 2019-2024
China SCR Denitrification Catalyst Market Growth 2019-2024
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