Automotive Catalyst market is estimated to reach US$ XX Bn by 2026, at a CAGR of XX% from US$ XX Bn in 2018.
Automotive Catalyst market
The report contains a detailed list of factors that will drive and restrain the growth of the automotive catalyst market. Automotive catalysts are substances used in automotive exhaust systems to convert automotive exhaust gases into less dangerous substances. Automotive exhausts contain various toxic and greenhouse gases such as oxides of nitrogen and sulfur. Automotive catalysts react with these gases as they pass through the vehicle's exhaust system and convert them into non-toxic and environmentally feasible substances. The increase in public support for the protection of the environment is estimated to drive the global automotive catalyst market at a remarkable pace in the upcoming years.
One of the important factors driving the growth of the automotive catalyst market is the increase in emission standards. Harsh emission control standards in emerging countries in the Asia Pacific and South America to reduce environmental pollution are expected to drive the automotive catalyst market. However, the growth of electric vehicles can diminish the growth of the automotive catalyst market in emerging economies.
Rise in environmental concerns owing to the harmful emissions emitted from automobiles coupled with harsh environmental regulations in this regard has led to the incorporation of technologically advanced automotive catalysts in automobiles. The demands for vehicles in emerging economies have been boosted by the increase in the purchasing power of consumers. Most modern vehicles have in-built exhaust purification units, an increase in the demand for the automotive catalyst market.
The global automotive catalyst market is segmented into application, type, and region. By application, light-duty vehicles include passenger vehicles or light-duty commercial vehicles that are fuelled either by gasoline or diesel. The overall global market for light-duty vehicles is projected to progress on account of the increase in population and the growing per-capita purchase of automobiles. Heavy-duty vehicles are mostly diesel-powered and require larger Platinum Group Metals content to convert harmful exhaust gases into less noxious gases in comparison to other vehicles.
Based on the type, the palladium segment is projected to account for the largest share of the automotive catalyst market in 2018. Palladium is used as an oxidation catalyst. Palladiums use as a catalyst has grown in importance in recent years driven by factors, such as the increase in automotive sales and growing regulations on emissions. It is extra widely used in gasoline-based engines than in diesel engines. As palladium is less expensive than platinum, its usage is estimated to increase gradually in the automotive catalyst market during the forecast period.
In terms of region, the automotive catalyst market in the Asia-specific region is estimated to be the largest during the forecast period. China is a key consumer of automotive catalysts in the Asia-specific region. The increase in the use of automotive catalysts in passenger vehicles in the region is contributing to the growth of the automotive catalyst market.
The objective of the report is to present a comprehensive analysis of the Global Automotive Catalyst Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automotive Catalyst Market dynamics, structure by analyzing the market segments and project the Global Automotive Catalyst Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Catalyst Market make the report investor’s guide.
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Scope of the Automotive Catalyst market Report:
Automotive Catalyst market, By Application
- light duty vehicles-diesel
- light-duty vehicles-gasoline
- heavy-duty vehicles
Automotive Catalyst market, By Type
- Platinum
- Palladium
- Rhodium
Automotive Catalyst market, By Geography
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Key Players operating in Automotive Catalyst Market
- BASF
- Johnson Matthey
- Umicore
- Cataler
- Cummins
- Heraeus
- INTERKAT
- Tenneco
- Clean Diesel Technologies
- Corning
- DCL International
- Faurecia
- IBIDEN
- N.E CHEMCAT
- Sinocat Environmental Technology
- Solvay
- Wuxi Weifu International Trade
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The surface of automotive catalysts is very large and the average internal surface area in carious catalyst convertor is equal to the size of three football fieldsIn the last several years, the automotive catalysts industry got a large development due to the stricter automotive emission standard.
In 2015, the global capacity of automotive catalyst is about 220 million liters and the actual production is expected to be 187 million liters.Europe is still the largest supplier with top 3 manufacturers set headquarters there and the largest consumption market with a large vehicle population.
China is followed, with fast developed automotive industry.
Though USA also has a large vehicle population, the consumption is not much as Europe, due to the large share of low duty vehicles.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-automotive-catalyst-2019-2024-672 According to this study, over the next five years the Automotive Catalyst market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 19800 million by 2024, from US$ 14300 million in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Catalyst market by product type, application, key manufacturers and key regions and countries.
This study considers the Automotive Catalyst value and volume generated from the sales of the following segments: Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
The Automotive Catalyst Market is estimated to be USD 12.35 billion in 2018 and is projected to reach USD 15.73 billion by 2023, at a CAGR of 5.0% from 2018 to 2023.Browse 69 market data Tables and 35 Figures spread through 98 Pages and in-depth TOC on "Automotive Catalyst Market”.Automotive catalysts are catalysts installed on vehicles to convert harmful exhaust gases, such as NOx, hydrocarbons, CO, and other particulate matter into relatively safe chemicals, such as nitrogen, carbon dioxide, and water.
The demand for these catalysts is increasing because the emission standards implemented by governments across the globe are becoming increasingly stringent.
Key players in the automotive catalyst market include BASF (Germany), Johnson Matthey (UK), Umicore (Belgium), Cataler (Japan), Cummins (US), Heraeus (Germany), INTERKAT (Germany), CDTi Advanced Materials (US), Tenneco (US), and IBIDEN (Japan).Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=96120211The light-duty vehicle segment is projected to grow at the highest CAGR in the automotive catalyst marketBased on vehicle type, the light-duty vehicle segment of the automotive catalyst market is projected to grow at the highest CAGR during the forecast period.
As palladium is less expensive than platinum, its usage is projected to increase gradually in the automotive catalyst market during the forecast period.BASF is one of the world’s largest chemical companies operating in business segments, namely, chemicals, functional materials & solutions, oil & gas, performance products, and agricultural solutions.
The company also has other businesses, such as fertilizers, the sale of raw materials, engineering & other services, and rental income & leases.
The company has a strong presence in the automotive catalyst market, with a diversified product portfolio and a vast consumer base.
This product is installed in the exhaust systems of the vehicles specifically inside the exhaust line situated between the engine and silencer.
Global platinum automotive catalyst market is expected to grow with a steady CAGR in the forecast period of 2019-2026.
This rise in market value can be attributed to the high levels of production and manufacturing of vehicles and effectivity of these products to restrict/control the emissions of toxic gases from the vehicles.
Top Manufacturers Covered in the Report: INTERKAT Catalyst GmbH; Johnson Matthey; CDTi Advanced Materials, Inc.; BASF SE; Royal Dutch Shell; Clariant; Heraeus Holding; CATALER CORPORATION; Ecocat India Pvt.
Ltd.; DEC; Magneti Marelli S.p.A.; Tenneco Inc.; Umicore; Cummins Inc.; Eberspächer; N.E.
CHEMCAT; SINOCATA; IBIDEN; BOSAL and Klarius Products Ltd.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-platinum-automotive-catalyst-marketTable of Content-01: Executive Summary02: Scope of The Report03: Market Landscape04: Market Sizing05: Market Segmentation by Product06: Five Forces Analysis07: Customer Landscape08: Geographic Landscape09: Decision Framework10: Drivers and Challenges11: Market Trends12: Vendor Landscape13: Vendor AnalysisTo Continue…….!!!
