NEWS RELEASE                                                                                                    MARCH 2014

U.S. Stationary Source Catalyst Sales Will Exceed $300 Million In 2014

Sales of catalyst to reduce NOx in coal-fired boilers, gas turbines, waste incinerators and other stationary applications in the U.S. will exceed $300 million this year. This is the updated forecast in NOx Control World Markets published by the McIlvaine Company.

Here are some of the factors impacting the market:

  • New catalyst still outpaces regenerated catalyst by a significant margin.
  • Coal-fired power generation comprises close to 90 percent of the total market.
  • The market for SCR catalyst for coal-fired units in the U.S. will level off over the next five years.
  • The market for gas turbine SCR will continue to climb, but will remain a small fraction of the total for coal-fired power plants until after 2020.
  • Coal SCR catalyst sales will remain at a high level through 2040 due to the replacement market and age of the plant base.
  • The catalyst replacement investment per unit of capacity for gas turbines is less than 10 percent of the similar investment in a coal-fired power plant.
  • The revenue per cubic meter will continue to grow as more power plants opt for catalysts which will oxidize mercury and minimize SO3 formation at the same time they remove NOx.
  • There is a substantial threat to conventional catalyst suppliers from those supplying catalytic filters which remove dust as well as NOx.
  • The U.S. has already fallen from its leading position due to the larger purchases of catalyst in China.
  • The market for regenerated catalyst will continue to grow faster than the market for new catalyst.
  • Exports and imports of catalyst to and from the U.S. will comprise a substantial amount of the total activity.
  • The top five catalyst suppliers will capture more than 90 percent of the market.
  • The Hitachi merger with Mitsubishi creates further consolidation among catalyst suppliers.
  • There are opportunities for less costly more reliable catalyst to handle the 1000oF temperatures for SCR used in peaking units.

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