The Automotive Catalyst Market size is estimated at 117.75 Thousand ounces in 2024, and is expected to decline to 96.21 Thousand ounces by 2029.
The COVID-19 pandemic negatively impacted the market due to the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
The Automotive Catalyst Market is partially fragmented in nature. The major players in this market (not in a particular order) include BASF SE, Tenneco Inc., Johnson Matthey, Klarius Products Ltd, and Umicore, among others.
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