Automotive Catalyst Market 2024-2028
The automotive catalyst market is forecasted to grow by USD 2180.9 mn during 2023-2028, accelerating at a CAGR of 2.9% during the forecast period. The report on the automotive catalyst market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing vehicle production, rising demand for platinum group metals (PGMs), and stringent government regulations.
Technavio's automotive catalyst market is segmented as below:
- By Application
- Light-duty vehicle
- Heavy-duty vehicle
- By Product
- Palladium
- Platinum
- Rhodium
- Ruthenium and others
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the recycling automotive catalysts as one of the prime reasons driving the automotive catalyst market growth during the next few years. Also, decline in platinum extraction and development of advanced catalyst technologies will lead to sizable demand in the market.
The report on the automotive catalyst market covers the following areas:
- Automotive Catalyst Market sizing
- Automotive Catalyst Market forecast
- Automotive Catalyst Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive catalyst market vendors that include BASF SE, CDTi Advanced Materials Inc., Clariant AG, 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. Also, the automotive catalyst market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.