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Automotive Catalyst - Global Market Trajectory & Analytics

  • ID: 4804432
  • Report
  • April 2021
  • Region: Global
  • 276 Pages
  • Global Industry Analysts, Inc
Global Automotive Catalyst Market to Reach $15.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Catalyst estimated at US$12.5 Billion in the year 2020, is projected to reach a revised size of US$15.9 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Platinum, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$4.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Palladium segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 6.4% CAGR

The Automotive Catalyst market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Rhodium Segment to Record 3% CAGR

In the global Rhodium segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Cataler Corporation
  • Cummins, Inc.
  • Heraeus Holding GmbH
  • INTERKAT Catalyst GmbH
  • Johnson Matthey PLC
  • Tenneco, Inc.
  • Umicore NV/SA
Frequently Asked Questions about the Global Market for Automotive Catalyst

What is the estimated value of the Global Market for Automotive Catalyst?

The Global Market for Automotive Catalyst was estimated to be valued at $12.5 Billion in 2020.

What is the growth rate of the Global Market for Automotive Catalyst?

The growth rate of the Global Market for Automotive Catalyst is 3.5%, with an estimated value of $15.9 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Catalyst?

The Global Market for Automotive Catalyst is estimated to be worth $15.9 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Catalyst - A Crucial Tool of Pollution Abatement
  • Asia Pacific to Lead Market Growth with the Emergence of Leading Automobile Manufacturing Hubs
  • Percentage (In %) Breakdown of Automobile Production in Asia-Pacific by Country for the Year 2018
  • Impact of Covid-19 and a Looming Global Recession
  • Tightening Automobile Emissions Norms Fuels Market Growth
  • Global Overview of Emissions Legislation for Light Duty Vehicles for the Years 2018, 2022 & 2027
  • Emissions Target (In Grams per Mile) and Fuel Efficiency Target (In Miles per Gallon) Established by CAFE Standards for the Years 2018, 2021 & 2024
  • Exhibit 1: Brief Overview of Euro Emissions Standards for Gasoline and Diesel Passenger Cars
  • STable Automobile Production Trends Significantly Influence Market Prospects
  • Led by China, Steadily Expanding Global Vehicle Production Drives Demand in the Market: Global Light Vehicle Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Growing Production of Light Duty Vehicles Establishes Demand for Palladium
  • Enactment of China 6 Emissions Legislation to Drive Demand for Palladium: Breakdown of China PGM Demand (In 1,000 Ounces) in Light Duty Vehicles for the Years 2018, 2021 & 2023
  • Binding CO2 Emission Standards for Heavy Commercial Vehicles Augments Demand
  • Robust Demand for Heavy Trucks in China Extends Opportunities for Automotive Catalytic Converters: Heavy Trucks Production Volume (in Units) in Asia Pacific Region by Country (2018)
  • Class 3-8 Truck Sales (In 1,000 Units) in the US for the Years 2017, 2019 & 2021
  • Product Innovations Critical to Future Market Opportunities
  • Adoption of Nanotechnology to Boost Catalytic Converter Efficiency
  • Emerging Trend of Recycling Automotive Catalyst to Address Production Shortages
  • Future Designs of Electric Vehicles without Catalytic Conversion Systems to Erode Demand
  • Supply Volatility and Higher Prices Challenge Market Growth


  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown