Infinium Global Research has added
a new report on Auto
Catalyst Market. The report presents analysis of global as well as
regional markets of auto catalyst market over the period of 2016 to 2024. Auto
catalysts are substance used in automotive emission systems which transform
toxic gases and pollutants into harmless gases before releasing them into the
environment. Vehicle exhaust contains a number of harmful elements which can be
controlled by autocatalysts. Auto catalysts are used in all types of diesel and
petrol engines including lead burn engines and can be used in kerosene heaters
and stoves.
Autocatalysts help in converting toxic substances in exhaust gases
such as hydrocarbon, carbon monoxide, and nitrogen oxide into harmless
nitrogen, water, and carbon dioxide. A catalyst system for diesel engines
additionally employs a filter to eliminate fine particulates (soot) which are a
significant cause of lung and cardiovascular disease. On the other hand, rise
in the production of automobiles and stringent government regulations to check
the emissions from vehicles is further augmenting the demand for auto catalysts
over the upcoming years. Moreover, increasing environmental concern among the
people and government initiatives to reduce impact of human activities on the
environment are the factors driving the growth of the Auto Catalyst Market.
However, increasing demand for electric vehicle is likely to hinder the growth
of the market. Moreover, rise in production of automotive industry is
anticipated to create growth opportunities for the auto catalyst market during
the forecast period.
Asia Pacific region emerged as the largest region for the auto
catalyst market followed by Europe. Asia Pacific region houses 60% of the
global population. Countries like China, India and Japan have highest number of
passenger car sales. Also, the sales of the motorcycle is the highest in the
countries like India, China, Vietnam and Indonesia. With rising economy and
high disposable income countries and increasing awareness about the noise
pollution and fuel consumption, the Asia Pacific region to remain dominant in
this market, throughout the forecast period. On the other hand, growing
environmental concerns and stringent exhaust noise laws are anticipated to
maintain the dominance in the North American and European markets in the
upcoming years. Moreover, automotive sales in this region is expected to
witness modest growth in the coming years. Moreover, the
growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global auto catalyst market but also
make strategic decisions to capture the most lucrative markets in the near
future. The market size is presented in terms of value for the historic year
2016 and estimated for forecast period of 2018-2024.
Get
15% discount for early purchase of global auto catalyst market report by
clicking the following link, Use code IGRD15 to request the discount in the
given form
https://www.infiniumglobalresearch.com/reports/request-discount/1077
The recent report identified that
Asia Pacific dominated the global auto catalyst market over the last couple of
years, while emerging markets of Asia-Pacific and Latin America are anticipated
to contribute significantly to the growth in the auto catalyst market
worldwide.
The report segments the global
auto catalyst market on the basis of Application.
Global Auto Catalyst Market by
Application
·
HDV
·
LDV-Gasoline
·
LDV-Diesel
Companies Profiled in the Report
·
CL International, Inc.
·
Cataler Corporation
·
Tenneco, Inc
·
Klarius Products Limited
·
MagnaFlow
·
Cummins Emission Solutions,
Inc.
·
Magneti Marelli S.p.A
·
Ibiden Co., Ltd.
·
Umicore
S.A.
·
Solvay S.A.
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