Report forecast the global automotive
catalyst market to grow at a CAGR of 3.47% during the period 2017-2021.
Automotive catalysts are materials that are
used in automobiles to reduce the emission of harmful gases such as sulfur
oxides, nitrogen oxides, and carbon monoxide into the environment. Platinum,
palladium, and rhodium are widely used automotive catalysts. These are used in
both light-duty vehicles (vehicle with weight less than 4,500 kg) and
heavy-duty vehicles (vehicle with weight more than 4,500 kg).
The report covers the present scenario and
the growth prospects of the global automotive catalyst market for 2017-2021. To
calculate the market size, the report considers the retail selling price as the
average selling price of the product.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major
drivers for this market is Rising demand for automotive catalysts due to
environmental concerns. Automotive catalysts convert harmful exhaust gases such
as NOX, hydrocarbons, CO, and other particulate matter into non-toxic chemicals
such as nitrogen, carbon dioxide, and water. In every country, the government
is becoming strict to reduce the amount of carbon emission. The US and countries
in Europe have already started to impose taxes on carbon emission to reduce the
environmental pollution.
Further, the report states that one of the
major factors hindering the growth of this market is Fluctuation in raw
material prices. Metal prices are subject to fluctuation. As South Africa is
the major revenue contributor to the global platinum group metals market, the
Rand to the US dollar exchange plays an important role in this market's
dynamics. A rise in the value of Rand will affect the overall cost, thereby
reducing profit margins of vendors.
Global
Automotive Catalyst Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global automotive
catalyst market: BASF, CATALER, Clariant, Johnson Matthey, and Umicore
Other Prominent Vendors in the market are: Clean
Diesel Technologies, Corning, Cummins, DCL International, Faurecia, Heraeus
Holding, IBIDEN, N.E CHEMCAT, Sinocat Environmental Technology, Solvay,
Tenneco, and Wuxi Weifu International Trade.
Market
driver
- Rising demand for automotive catalysts due to environmental concerns
- For a full, detailed list, view our report
Market
challenge
- Fluctuation in raw material prices
- For a full, detailed list, view our report
Market
trend
- Investment in R&D for increasing catalyst lifespan
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 87 pages “Global
Automotive Catalyst Market 2017 - 2021” report covers Executive
summary, Introduction, Scope of the report, Research Methodology, Market
landscape, Market segmentation by product type, Market segmentation by
application, Geographical segmentation, Decision framework, Drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UNj
For related reports please visit: Automotive Catalyst Market Research Reports
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