Growth of Electric Vehicles is restraining Automotive Catalyst Market

The Automotive Catalyst Market is estimated to be USD 12.35 billion in 2018 and is projected to reach USD 15.73 billion by 2023, at a CAGR of 5.0% from 2018 to 2023. This growth can be attributed to the increasing demand for automotive catalysts for use in passenger cars and light commercial vehicles across the globe. In addition, the tightening of global emission standards and increasing stress on fuel efficiency is further anticipated to fuel demand in the automotive catalyst market.

Browse 69 market data Tables and 35 Figures spread through 98 Pages and in-depth TOC on "Automotive Catalyst Market by Type (Platinum, Palladium and Rhodium), Vehicle Type (Light-Duty Vehicles, Heavy-Duty Vehicles), and region (North America, APAC, Europe, South America, and Middle East & Africa) - Global Forecast to 2023".

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Major Market Developments

• In December 2017, BASF expanded its mobile emission catalysts production site in?roda?l¹ska, Poland. This expansion increased the manufacturing site by 14,000 square meters and involve the addition of new production lines.

• In September 2016, Umicore increased its manufacturing capacity in the newly commissioned plant in Poland. The introduction of new emission regulations in Europe requires a broader range of ever more technologically advanced products such as selective catalytic reduction (SCR) and advanced three-way catalysts (TWC).

• In June 2018, Clariant expanded its range of Envicat catalyst to incorporate high-performance solution for selective catalytic reduction (SCR). The catalyst comprises of a honeycomb structure block made of a vanadium-based composite which is designed to catalyze NOx reduction reactions.

Table of Contents

• 1 Introduction (Page No. - 12)

  1 Objectives of the Study

  1.2 Market Definition

  1.3 Market Scope

  1.3.1 Years Considered for the Study

  1.4 Currency

  1.5 Units Considered

  1.6 Stakeholders

  1.7 Limitations

• 2 Research Methodology (Page No. - 15)

  1 Research Data

  2.1.1 Secondary Data

  2.1.1.1 Key Data From Secondary Sources

  2.1.2 Primary Data

  2.1.2.1 Key Data From Primary Sources

  2.1.2.2 Key Industry Insights

  2.1.2.3 Breakdown of Primary Interviews

  2.2 Market Size Estimation

  2.3 Data Triangulation

  2.4 Research Assumptions

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Key players in the automotive catalyst market include BASF (Germany), Johnson Matthey (UK), Umicore (Belgium), Cataler (Japan), Cummins (US), Heraeus (Germany), INTERKAT (Germany), CDTi Advanced Materials (US), Tenneco (US), and IBIDEN (Japan). These companies are expected to venture into new markets to widen their customer base and strengthen their market presence. Other manufacturers of automotive catalysts include N.E. Chemcat (Japan), Sinocat (China), and Ecocat (India).

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