Catalysts in automobile are used in the exhaust system to control the emission of harmful gases like nitrogen oxides and carbon oxides. This catalysts aid the conversion of harmful gases in to less toxic gases such as carbon di oxide and nitrogen. Manufacturers active in the automotive catalyst market are adopting various strategies such as geographical expansion and new product additions to increase their market share during the forecast period.
MARKET SCOPE
The "Global Automotive Catalyst Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive catalyst market with detailed market segmentation by type, vehicle type, and geography. The report provides key statistics on the market status of the leading automotive catalyst market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global automotive catalyst market is segmented into platinum, rhodium and palladium.
- On the basis of vehicle type, the market is segmented into light-duty vehicles and heavy-duty vehicles.
Drivers:
- The automotive catalyst market is anticipated to grow in the forecast period owing to driving factors such as stringent regulations concerning vehicular emission.
- Government in developing nations such as India are increasingly focusing on emission standards. This offers significant growth opportunities for the key players of the automotive catalyst market in the coming years.
- Growth in the numbers of electric vehicles may negatively influence the market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive catalyst market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive catalyst market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE CATALYST MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive catalyst market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive catalyst market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive catalyst in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive catalyst market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Cataler Corporation (Toyota)
- CDTi Advanced Materials, Inc.
- Clariant AG
- Cummins Inc.
- Heraeus Holding
- INTERKAT Catalyst GmbH
- Johnson Matthey
- Tenneco Inc.
- Umicore AG and Co. KG