DeNOx Catalyst Market will Exhibit a CAGR of 2.6% between 2019 and 2029

Market.us announces publication of its most recently generated research report titled, “Global DeNOx Catalyst Market by Type (Honeycomb & Flat), By Application (Power Plant, Cement Plant, Steel Plant & 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%.
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NOx denotes various types of nitrogen oxides and DeNOx is the term used to indicate the 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 which can prompt reductant to react with NOx selectively at a certain temperature. DeNOx catalyst has wide application in SCR (selective catalytic reduction) of 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 with 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.
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Key Market Segments

Type
  • Honeycomb
  • Flat
Application
  • Power Plant
  • Cement Plant
  • Refinery Plant
  • Steel Plant
  • Transportation Vehicle
Key Market Players included in the report:
  • Envirotherm GmbH
  • Tianhe Environmental Engineering
  • Shangdong Gemsky Environmental Technology
  • Jiangsu Fengye Tech & Environmental Group
  • BASF SE
  • Cormetech
  • IBIDEN Porzellanfabrick Frauenthal GmbH
  • Johnson Matthey Plc
  • Haldor Topsoe
  • Hitachi Zosen Corp
  • Seshin Electronics Co Ltd
  • JGC C&C
  • CRI Catalyst Company

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