Increasing environmental issues about toxic gas pollution and demand for zero-emission vehicles, the Automotive Catalyst Industry is undergoing substantial expansion. Furthermore, rising automotive demand continues to impose an optimistic view on business development. Furthermore, the ongoing development in pollution control technology is a contributing factor to the market's rapid growth. However, demand growth is projected to be slowed by growing acceptance of electric cars.
Electric cars have seen a substantial rise in demand and production in recent years, due to their various advantages over gasoline-powered vehicles. Additionally, different automotive component parts such as spark plugs, cylinder heads, timing belts, fan belts, head caskets, and air filters not require replacement. As a result, electric cars are becoming the preferred mode of transportation, limiting the expansion of the gasoline-powered car markets. As a result, the growth of the automotive catalyst industry is hindered by the increased production of electric vehicles.
Adroit Market Research study on the global market for automotive catalyst offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global automotive catalyst market have been analyzed in depth.
Catalysts are being improved and produced by the major players in the automotive catalyst industry. At its operating temperature, which is usually over 400C, a three-way catalyst may reduce the released pollutant from a vehicle at 100 percent conversion efficiency. Johnson Matthey Inc., a leading automotive catalyst maker, is designing a three-way catalyst for future vehicles that increases fuel economy and greatly decreases CO2 emissions when working at a lower temperature. The automotive catalyst industry is expected to benefit from this breakthrough in automotive catalysts in the future.
Leading companies included in automotive catalyst industry report are Clariant, Cataler, Johnson Matthey, BASF, Umicore, CDTI Advanced Materials, Tenneco, Interkat, Heraeus, and Cummins. Apart from above mentioned companies, some other key companies engaged in automotive catalyst industry are Ecocat, CRI Catalyst, NG Clark, Bosal, Magnetti Marelli, Sinocat, Ne Chemcat, and Ibiden.
Key Segments of the Global Automotive Catalyst Market
Type Method, 2018-2028 (USD Million)
- Platinum Catalysts
- Palladium Catalysts
- Rhodium Catalysts
Vehicle Type, 2018-2028 (USD Million)
- Light-Duty Vehicle
- Heavy-Duty Vehicle
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America