Increasing need for automotive catalyst in order to lower emissions releasing from automobiles coupled with stringent government regulations regarding environmental pollution are key factors driving market revenue growth.
Market Size - USD 13.63 Billion in 2020, Market Growth - CAGR of 4.3%, Market Trends - Rising investment in R&D for making cost-effective products by manufacturers.
The global automotive catalyst market size is expected to reach USD 19.22 Billion in 2028, and register a CAGR of 4.3% during the forecast period. Increasing use of automotive catalysts for changing three main toxic compounds in a vehicle exhaust in to harmless compounds, coupled with increasing production and sales of automobiles globally are major factors driving market growth. These toxic compounds include hydrocarbons, carbon monoxide, and nitrogen oxide.
Other major factors boosting growth of the global automotive catalyst market are increasing awareness about need to reduce pollution, and stringent regulations and emission standards by governments of various countries.
High cost of the product, and shifting preference for electric vehicles across the globe, eliminating the need for automotive catalysts, are factors that could hamper market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global automotive catalyst market has been segmented on the basis of product type, raw material, engine type, application, and region:
Product Type Outlook
Raw Material Outlook
Engine Type Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 13.63 Billion in 2020, Market Growth - CAGR of 4.3%, Market Trends - Rising investment in R&D for making cost-effective products by manufacturers.
The global automotive catalyst market size is expected to reach USD 19.22 Billion in 2028, and register a CAGR of 4.3% during the forecast period. Increasing use of automotive catalysts for changing three main toxic compounds in a vehicle exhaust in to harmless compounds, coupled with increasing production and sales of automobiles globally are major factors driving market growth. These toxic compounds include hydrocarbons, carbon monoxide, and nitrogen oxide.
Other major factors boosting growth of the global automotive catalyst market are increasing awareness about need to reduce pollution, and stringent regulations and emission standards by governments of various countries.
High cost of the product, and shifting preference for electric vehicles across the globe, eliminating the need for automotive catalysts, are factors that could hamper market growth to some extent.
Some Key Findings From the Report:
- Among the product type segments, the three-way catalytic converters segment accounted for the largest revenue share in the global market in 2020. The diesel oxidation catalyst segment accounted for the second-largest revenue share in the global market in 2020.
- Among the raw material segments, the rhodium segment accounted for the largest revenue share in the global market in 2020. The palladium segment accounted for the second-largest revenue share in the global market in 2020. The platinum segment accounted for significantly high revenue share in the global market in 2020.
- The Asia Pacific market accounted for the largest revenue share in the global market in 2020, and is expected to register the highest revenue growth rate during the forecast period.
- Companies profiled in the market report include Johnson Matthey, Umicore, BASF, Clariant, Cataler, Interkat, Cummins, CDTi Advanced Materials, Heraeus, and Tenneco. Major players are adopting various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global automotive catalyst market has been segmented on the basis of product type, raw material, engine type, application, and region:
Product Type Outlook
- Two-way catalytic converter
- Three-way catalytic converters
- Diesel oxidation catalyst
Raw Material Outlook
- Rhodium
- Platinum
- Palladium
Engine Type Outlook
- Diesel
- Gasoline
- Others
Application Outlook
- Heavy-Duty Vehicle
- Light-Duty Vehicle
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Automotive Catalyst Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Automotive Catalyst Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Automotive Catalyst Market Segmentation & Impact Analysis
Chapter 5. Automotive Catalyst Market By Product Type Insights & Trends
Chapter 6. Automotive Catalyst Market By Raw Materials Insights & Trends
Chapter 7. Automotive Catalyst Market By Engine Type Insights & Trends
Chapter 8. Automotive Catalyst Market By Application Insights & Trends
Chapter 9. Automotive Catalyst Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Johnson Matthey
- Umicore
- BASF
- Clariant
- Cataler
- Interkat
- Cummins
- CDTi Advanced Materials
- Heraeus
- Tenneco.
