Automotive Catalyst Market size to grow by USD 2.47 billion from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like BASF SE, CDTi Advanced Materials Inc., Clariant International Ltd., and many more

NEW YORK, Sept. 28, 2023 /PRNewswire/ — The Automotive Catalyst Market is estimated to grow by USD 2.47 billion, accelerating at a CAGR of over 3.3%, during the forecast period. The automotive catalyst market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive catalyst market are BASF SE, CDTi Advanced Materials Inc., Clariant International Ltd., Corning Inc., Cummins Inc., Heraeus Holding GmbH, INTERKAT Catalyst GmbH, Johnson Matthey Plc, Norman G. Clark A Asia Pty Ltd., Northam Platinum Ltd., PJSC MMC Norilsk Nickel, Shell plc, Sinocat Environmental Technology Co. Ltd., Solvay SA, Stella Chemifa Corp., Tenneco Inc., Topsoes AS, Toyota Motor Corp., Umicore SA, and Vikas Group. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying

Automotive Catalyst Market 2023 – 2027: Company Offering:

Umicore SA: The company offers automotive catalyst products such as Umicore Grubbs Catalysts and three-way catalysts, which include applications such as light duty gasoline, hybrid electric, alternative fuels and light duty diesel, motorcycles and small engines.

  • For details on companies and their offerings – Buy report!

Automotive Catalyst Market 2023 – 2027: Market Dynamics:

  • Impactful driver- Increasing vehicle production: The primary catalyst for market growth is the rising production of vehicles. The worldwide automotive segment is expected to see steady expansion during the forecast period. An increasing need exists for autocatalysts that transform harmful pollutants like nitrogen oxides into environmentally benign gases before they are discharged. Platinum, palladium, and rhodium stand as the most crucial autocatalytic components.
  • Key Trend – Recycling automotive catalysts is the primary trend in the market.
  • Major Challenges – Increasing demand for electric vehicles is a challenge that affects the growth of the market.

Download the sample report now for more information on market drivers, trends and challenges

Automotive Catalyst Market 2023 – 2027: Segmentation:

By Application

  • Light-duty vehicle
  • heavy-duty vehicle

By Product

  • Palladium
  • Platinum
  • Rhodium
  • Ruthenium
  • Others

Geography

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

Technavio anticipates that there will be substantial growth in the light-duty vehicle segment. This category encompasses a range of vehicles, including passenger cars, light commercial vehicles, two-wheelers, and three-wheelers. The Clean Air Act is set to introduce more stringent and universally applicable regulations concerning emissions from light commercial vehicles.

Technavio Research experts has provided more insights on the market share of segments – View Sample Report

FAQS

  • How do the major trends impact the market?
  • How big is the APAC market?
  • How do the key drivers and challenges impact the market?

Related Reports:

Emission Control Catalysts Market: The Global Emission Control Catalysts Market size is estimated to grow by USD 4,240.52 million accelerating at a CAGR of 6.25% between 2023 and 2027.

Refining Catalyst Market:  The refining catalyst market size is estimated to grow at a CAGR of 4% between 2022 and 2027. The market size is forecast to increase by USD 1,413.02 million.

TOC:

  1. Executive Summary
  2. Market Landscape
  3. Market Sizing
  4. Historic Market Size
  5. Five Forces Analysis
  6. Market Segmentation by Application
  7. Market Segmentation by Product
  8. Market Segmentation by Geography
  9. Customer Landscape
  10. Geographic Landscape
  11. Drivers, Challenges, and Trends
  12. Vendor Landscape
  13. Vendor Analysis
  14. Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

SOURCE Technavio