The automotive catalysts used in automotive emission systems to control the emission of various harmful gases include hydrocarbon, nitrogen oxides and other particulate matter from vehicles into the atmosphere. It helps in converting harmful gases into less toxic gases such as nitrogen and carbon dioxide. Emission control regulations issued by various countries government and innovations in automotive catalyst across the world provide lucrative opportunities in the growth of the very market.This growth is primarily driven by Growth Driven by Tighter Legislation on Automotive Emission in Developed Nations and The Increase in the Sales and Production of Automobile Globally.
Globally, a noticeable market trend is evident Innovations in Automotive Catalysts by Key Market Players
. Major Vendors, such as BASF (Germany), Johnson Matthey (United Kingdom), Umicore (Belgium), Cataler (Japan), Cummins (United States), Heraeus (Germany), INTERKAT (Germany), Tenneco (United States), Haldor Topsoe (Denmark), CDTi Advanced Materials Inc. (United States) and Sinocat Environmental Technology Co. Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The emission standards are regulated by the Environmental Protection Agency (EPA) in the United States. In Europe, the emission standards are termed as Euro standards. China and India set their own standards which typically mirror Euro emission standards.
- Growth Driven by Tighter Legislation on Automotive Emission in Developed Nations
- The Increase in the Sales and Production of Automobile Globally
- Innovations in Automotive Catalysts by Key Market Players
- Adoption of Nanotechnology in Catalytic Converters
- The Growth in the Production of Electric Vehicles Globally
Increased Focus on Emission Standards and Innovation in Emission Technologies in Emerging Countries
High Cost of Precious Metals Include Platinum, Palladium and Rhodium Used in Automotive Catalyst
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