Auto Catalysts Market Definition
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.
The market study is broken down by Type (Platinum, Palladium, Rhodium and Others), by Application (Light-Duty Vehicles, Heavy-Duty Vehicles and Others) and major geographies with country level splits.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Auto Catalysts market throughout the predicted period.
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 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).
AdvanceMarketAnalytics has segmented the market of Global Auto Catalysts market by Type, Application 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.
Market Leaders and their expansionary development strategies
On 20 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 June 2018, Clariant expanded its range of Envicat catalyst to incorporate a high-performance solution for selective catalytic reduction (SCR). The catalyst comprises a honeycomb structure block made of a vanadium-based composite which is designed to catalyze NOx reduction reactions.
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.
- In-Built Exhaust Purification Units in Modern Cars
- 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.
- Growing Automobile Sector and Automobile Aftermarket
- Increased Focus on Emission Standards in Developing Nations
- Innovation in Emission Technologies for Fuel Efficiency
- Fluctuation in Prices of Platinum Group Metals
- Rise in Penetration and Production of Electric Vehicles
- Higher PGM loadings in Hybrid Vehicles than a Conventional Vehicle
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
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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