About Auto Catalysts
Auto catalysts are substances used in automotive exhaust systems to convert automotive exhaust gases into less harmful substances. Automotive exhausts include various toxic and/or greenhouse gases such as oxides of nitrogen and sulfur. Auto catalysts react with these gases as they pass through the vehicle’s exhaust system and convert them into non-toxic and environmentally viable substances. Rhodium is used primarily to combat NOX emissions, but it also helps with contamination robustness and overall catalytic activity. Palladium is the primary element used on gasoline engines, while platinum is the primary element used in both light-duty and heavy-duty diesel vehicles catalysts.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market report lists the major players involved in the Auto Catalysts Market under the competitive landscape and company profile chapters. The major players in the market are evaluated based on their product and/or service offerings, financial statements. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Auto Catalysts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Johnson Matthey (England), Solvay (Belgium), Umicore (Belgium), Corning Incorporated (United States), Cataler Corporation (Japan), DCL International (Canada), Heraeus Holding GmbH (Germany), Tenneco Inc (United States) and Faurecia S.A (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Klarius Products Limited (United Kingdom), Taizhou Three-Way Vehicle Catalytic Converter Co., Ltd (China), Bosal International N.V. (Belgium), W.R. Grace (United States) and Clariant (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Auto Catalysts market by Type (Platinum, Palladium, Rhodium and Others), Application (Light-Duty Vehicles, Heavy-Duty Vehicles and Others) and Region.
On the basis of geography, the market of Auto Catalysts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Engine Type, the sub-segment i.e. Diesel Engine will boost the Auto Catalysts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEMs will boost the Auto Catalysts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Catalytic Converter Type, the sub-segment i.e. Two Way will boost the Auto Catalysts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
In-Built Exhaust Purification Units in Modern Cars
Market Growth Drivers:
Rising environmental concerns owing to the harmful emissions emitted from automobiles coupled with strict environmental regulations have forced automakers to load more PGMs into the catalytic converters which in turn has led to the incorporation of technologically advanced autocatalysts in automobiles. and Growing Automobile Sector and Automobile Aftermarket
Challenges:
Higher PGM loadings in Hybrid Vehicles than a Conventional Vehicle
Restraints:
Fluctuation in Prices of Platinum Group Metals and Rise in Penetration and Production of Electric Vehicles
Opportunities:
Increased Focus on Emission Standards in Developing Nations and Innovation in Emission Technologies for Fuel Efficiency
Market Leaders and their expansionary development strategies
In June 2017, Umicore has announced that is has reached an agreement to acquire the heavy-duty diesel and stationary catalyst businesses of Haldor Topsoe for an enterprise value of DKK 900 million-plus an earn-out.
In March 2020,BASF announced that it has successfully developed and tested an innovative Tri-Metal Catalyst technology that enables partial substitution of high-priced palladium with lower-priced platinum in light-duty gasoline vehicles without compromising emissions standards. Adoption of the Tri-Metal Catalyst can reduce catalytic converter costs for automakers and partially rebalance market demand for PGMs, thereby enhancing PGM market sustainability.
Governments including those of the USA, Japan, and the EU continue to apply increasingly stricter emissions standards. Advanced autocatalysts for gasoline and diesel cars and heavy trucks are being developed to meet the new rules.
Key Target Audience
Auto Catalyst Market Manufacturers, Traders and Distributors of Auto Catalyst Market, Production Process Industries, Potential Investors, Raw Material Suppliers, Nationalized Laboratory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.