Global Automotive Catalyst Market Analysis, 2024-2030

An automotive catalyst is a catalytic converter that is used to control the production of toxic and harmful gases into the air. It is mainly used to control the emission of carbon monoxide and other oxide compounds as they increase the rate of global warming.

The report on the global automotive catalyst provides insights into the current market condition which is complied by conducting over 280 hours of research work hours of primary and secondary research. In accordance with the report, the global automotive catalyst industry is expanding its geographical domain in a rapid fashion. This global market is expected to reach the levels of US $ xxxx million dollars by the end of 2023, as compared to US $ xxxx million in 2018 archiving an impressive rate of growth xx% annually.

The automotive catalyst plays a major role in the automobile industry. It is used in light duty vehicles and heavy-duty vehicles with diesel and gasoline type engines. It is also used in commercial vehicles, which are in turn used by most of the world’s population. Trucks, buses, tanks, trains, and tractors use these automotive catalysts on a large scale every day, which contrasts with the light duty vehicles which are not used that often.

The major factors that led to the growth of the global automotive catalyst market include the requirement and utility of the automotive catalyst in the automobile and transport industries. The wide need for the catalysts to drive these vehicles influences the growth of the automotive catalyst market. They are used in light duty vehicles, heavy duty vehicles, and commercial vehicles. They are incorporated in both gasoline and diesel driven vehicles which has led to the rapid increase in its production as it is used for both commercial and professional purposes.

However, there are certain factors that affect the growth of the market. One of the major factors includes the inability to recycle the components. Often these catalysts if not used, they are thrown away which cannot be further recycled. They can only be separated into spare parts which are of no use.

The major regions that produce these automotive catalysts include the Asia Pacific, India, Indonesia, South Korea, China and Pakistan which account for the Asian countries. It is also widely used in North America, Europe, Central, and South America and Africa. In the upcoming years, a wide growth is expected in European countries and the Asia Pacific. However, North America will be having a slower growth in the automotive catalyst market.

The crucial producers and vendors of the automotive catalyst market include BASF SE, Umicore S.A, Corning Incorporated, Bosal International N.V. Other companies which also manufacture the automotive catalyst include Johnson Matthey PLC, Cataler Corp, and the DLC International.

Our Approach

Market Krystal’s research methodology includes bifurcation of the automotive catalyst market segments, recognition of different growth determinants of every market segment and conducting market forecasts. Every market forecast is conducted by considering the inputs given by the business leaders across the automotive coatings catalyst industry value chain. Market Krystal conducted over 40 interview hours dedicated for this study, the details of which are mentioned below:

By company type:

Manufacturers (40%), Suppliers (15%), Consumers (20%), Researchers (10%), Independent industry consultant (15%)

By geography:

North America (35%), Asia (40%), Europe (25%)

By designation:

Top level (45%), Operation level (30%), Mid-level (25%)

Contents of the report:

• Insights on the global automotive catalyst industry dynamics
• Estimation of the present global automotive catalyst market size in terms of value and volume
• Global automotive catalyst market breakup based on type (platinum, rhodium and palladium), application (light vehicles and heavy vehicles), and geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)
• Validated global automotive catalyst market forecast for the next five years
• Complete analysis of the key companies working across different nodes of automotive catalyst industry value chain