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.
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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
Companies Profiled in the Report
· CL International, Inc.
· Cataler Corporation
· Tenneco, Inc
· Klarius Products Limited
· Cummins Emission Solutions, Inc.
· Magneti Marelli S.p.A
· Ibiden Co., Ltd.
· Umicore S.A.
· Solvay S.A.
About Infinium Global Research
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