The Automotive Catalyst report gives CAGR values along with its fluctuations for the specific forecast period. A transparent research method carried out with right tools and techniques makes this market research report world-class. This research study also helps businesses to understand the various drivers and restraints impacting the market during the forecast period. This market report helps you by giving actionable market insights and comprehensive market analysis. The key research methodology used here by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
Leading Players of global automotive catalyst market are Umicore, BASF SE, Johnson Matthey, CATALER CORPORATION, Clariant, CDTi Advanced Materials, Inc., Cummins Inc., Heraeus Holding, INTERKAT Catalyst GmbH, Tenneco Inc., IBIDEN, N.E. CHEMCAT, Magneti Marelli S.p.A, BOSAL, CRI Catalyst Company LP, Ecocat India Pvt. Ltd., Eberspächer, Klarius Products Ltd.
Global Automotive Catalyst Market is expected to rise from its initial estimated value of USD 12.60 billion in 2018 to an estimated value of USD 18.98 billion by 2026, registering a CAGR of 5.25% in the forecast period of 2019-2026. Rising demand for better vehicle efficiency is the major factor for the growth of this market.
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To control the discharge of the hazardous gases in the vehicles, there is automotive catalyst which is used in the exhaust system. They usually stop the emission of gases like nitrogen oxides, hydrocarbons, carbon oxides and other gases which are harmful for the environment. There main purpose is to transform these harmful gases into the less noxious gases. Rhodium catalyst, palladium catalyst, and platinum catalyst are some of the most common type of the automotive catalyst. Growth in the automotive industry is the major factor fuelling the growth of this market.
Market Drivers and Restraints:
- Growth in the automobile industry is driving the growth of this market
- Rising prevalence for nanotechnology in catalytic converter is another important factor driving the growth of this market
- High price of the automotive catalyst is restraining the growth of this market
- Increasing manufacturing of electric vehicle is another factor restraining the market growth
Recent Industry Developments
- In March 2018, Diversified Environmental Catalysts, Inc. announced that they have acquired PaceSetter Exhaust Systems. This acquisition will help the company to broaden their product portfolio by adding products like headers, exhaust systems, etc. The both company want to provide their customers with best services and product so that they can meet the requirement of the people.
- In December 2017, Umicore announced that they have acquired Materia’s metathesis catalyst IP and business portfolio. This acquisition will help the Umicore to expand their catalyst technologies so that they can offer better services to their customers as they will be able to get access to the proprietary, patent-protected cutting-edge technology. It will also help the company to strengthen themselves in the market by providing wide service, product, and IP portfolio.
Major Points from Table of Contents:
1.1. Scope of the Study
1.3. Market Segmentation
1.3.1 Automotive Catalyst Market – By Type
1.3.2 Automotive Catalyst Market – By Application
1.3.3 Automotive Catalyst Market – By Region
22.214.171.124 by Country
Automotive Catalyst Market Landscape
4.2. Pest Analysis
4.2.1 North America – Pest Analysis
4.2.2 Europe – Pest Analysis
4.2.3 Asia-Pacific – Pest Analysis
4.2.4 Middle East and Africa – Pest Analysis
4.2.5 South and Central America – Pest Analysis
4.3. Expert Opinions
Automotive Catalyst Market – Key Market Dynamics
5.1. Key Market Drivers
5.2. Key Market Restraints
5.3. Key Market Opportunities
5.4. Future Trends
5.5. Impact Analysis of Drivers and Restraints and Continue……………….
Key Segmentation of Automotive Catalyst Market
By Vehicle Type
By Engine Type
Gasoline (3-way, 4-way)
Diesel (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR))
Middle East and Africa
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