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Automotive Catalyst Market

Automotive Catalyst Market was valued at $22,601.5 million in 2017, and is projected to reach at $31,815.7 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. The market is by Metal Type and Engine Type.

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Automotive Catalyst Market

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  1. Automotive Catalyst Market By Metal Type, Engine Type And Industry Forecast, 2018 - 2025 Automotive Catalyst Market By Metal Type (Platinum, Palladium, Rhodium, And Others), Engine Type (Gasoline And Diesel), And Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, And Motorcycle): Global Opportunity Analysis And Industry Forecast, 2018 - 2025

  2. Automotive Catalyst Market Overview : • The global automotive catalyst market size was valued at $22,601.5 million in 2017 and is projected to reach $31,815.7 million by 2025, registering a CAGR of 4.2% from 2018 to 2025. In 2017, the Asia-Pacific region constituted the highest share in the global automotive catalyst market. • Request Sample Report: • Automotive catalyst is used in the exhaust system of vehicles to control the emission of harmful gases, such as hydrocarbons, carbon oxides, nitrogen oxides, and other particulate matter, into the atmosphere. It helps convert the harmful gases into less toxic gases such as nitrogen and carbon dioxide. Platinum, palladium, rhodium, and other rare and expensive metals are used as catalysts in automobiles, which increases the cost of automotive catalyst. However, manufacturers are inclined towards adopting nano technology to enable them use expensive metals efficiently.

  3. • The governments of developed countries have established emission control standards to control release of pollutant from vehicles into the atmosphere. For instance, Euro 6, European emission standards is a European government initiative for emission control in European region. • Factors such as emission control regulations by government and increase in the production of automobiles fuel the growth of the automotive market. Automobile manufacturers produce vehicles with emission control technologies to meet the stringent regulations set by the government. However, rise in penetration, and production of electric vehicles hinders the growth of the automotive catalyst market. In addition, high cost of precious metals such as platinum, palladium, and rhodium used in automotive catalyst restrains the growth of the market. Furthermore, government initiatives regarding emission control in developing nations and innovation in emission technologies for fuel efficiency are anticipated to provide remarkable future growth opportunities to the automotive catalyst market. • The key players operating in the global automotive catalyst market are BASF SE, Johnson Matthey, Umicore, Tenneco Inc., CDTiAdvanced Materials, Inc., Cummins Inc., Eberspcher, Ecocat India Pvt. Ltd., Klarius Products Ltd., Clariant, and others.

  4. Top Impacting Factors • Emission control regulations by government • The governments of several countries have established stringent regulation for pollutant gas emission from the vehicles because of combustion of fuels such as diesel fuel, fuel oil, petrol, gasoline, biodiesel, and others. Euro 6 is the latest emission regulation by European Union directive to reduce harmful gases such as carbon monoxide (CO), nitrogen oxide (NOx), hydrocarbons, and others from the exhaust system of the vehicle. Similarly, automotive catalyst is used in catalyst converter, an emission control device used to convert toxic and harmful gases from engines into less-toxic pollutants. The catalyst also adheres to the vehicle emission standards. Thus, strict emission standards by government fuels the growth of the automotive catalyst market. • Increase in Automobile production • The developing nations have witnessed a surge in demand and production of automobiles. For instance, India became the fourth largest automobile industry in the world with the increase in sales of 9.5% year- on-year to 4.2 million units. This rise in automobile production in developing nations automatically leads to increased production in demand for automotive catalysts for emission control devices in automobile exhaust systems. Therefore, increase in automobile production is anticipated to boost the growth of the automotive catalyst market.

  5. Growth In Production Of Electric Vehicles • In recent years, there is a significant increase in the demand and production of electric vehicles, as these vehicles have several advantages over fuel-powered automobiles. Components, such as fan belts, oil, air filters, head caskets, timing belts, cylinder heads, and spark plugs does not require replacement, which in return makes it cheaper and efficient compared to fuel-powered automobiles. This makes electric vehicle a preferred choice, which in return restraints the growth of the fuel-powered automobile markets. Thus, increase in production of electric vehicles hinders the growth of the automotive catalyst market. • Innovations in automotive catalysts • The key players of the automotive catalyst market are investing on the improvement and development of catalysts. A three-way catalyst can reduce the emitted pollutant from vehicle at 100% conversion efficiency at its operational temperature, typically above 400C, which is much higher. Johnson Matthey Inc., a leading automotive catalyst producer is working on the development of three-way catalyst for future vehicle, which improves the fuel efficiency and reduces CO2 emission substantially at lower operating temperature. This innovation in automotive catalysts is anticipated to provide future growth opportunity to the automotive catalyst market.

  6. Key Benefits For Automotive Catalyst Market : • This study comprises the analytical depiction of the global automotive catalyst market analysis along with the current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to gain a stronger foothold. • The report presents information related to the key drivers, restraints, and opportunities of the global automotive catalyst market with a detailed impact analyses. • The current market is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency. • Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

  7. Automotive Catalyst Key Market Segments : • By Metal Type • By Engine type • By Vehicle • Platinum • Gasoline • Passenger Car • Palladium • 3-way • Light Commercial Vehicle (LCV) • Rhodium • 4-way • Heavy Commercial Vehicle (HCV) • Others • Diesel • Motorcycle • Diesel Oxidation Catalyst (DOC) • Diesel Particulate Filter (DPF) • Selective Catalytic Reduction (SCR)

  8. By Region • North America • Asia-Pacific • U.S. • China • Canada • India • Mexico • South Korea • Europe • Japan • UK • Rest of Asia-Pacific • Germany • LAMEA • France • Latin America • Spain • Middle East • Russia • Africa • Rest of Europe

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