The latest report by IMARC Group, titled “Autocatalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global autocatalyst market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global autocatalyst market size reached US$ 12.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2027, exhibiting a growth rate (CAGR) of 3.8% during 2022-2027. Autocatalyst represents devices that lower harmful emissions from internal combustion engine (ICE) of vehicles by converting exhaust pollutants that include carbon monoxide (CO), oxides of nitrogen (NOx) and hydrocarbons (HC), and particulates into harmless atmospheric products, mainly CO2, water, and nitrogen. They are of several types, such as two-way catalysts, three-way catalysts, four-way catalysts, etc., which are made using platinum, rhodium, and palladium. These autocatalyst variants are installed in the exhaust system of a vehicle and prove highly effective in reducing its emissions level. Consequently, they are extensively used in passenger cars and light and heavy commercial vehicles.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The increasing consciousness about the harmful impact of vehicular emissions on the environment and human health, including air pollution, global warming, acidic rain, respiratory issues, skin irritation, etc., is primarily driving the autocatalyst market. In addition to this, the growing sales of vehicles across the globe and the elevating surge in gas emissions are also positively influencing the global market. Besides this, the implementation of stringent regulations by the government bodies aimed at preventing excessive gaseous and particulate emissions and the rising adoption of recycling methods and sustainable production processes by the leading manufacturers are acting as significant growth-inducing factors.
Moreover, the inflating investments in research and development (R&D) activities to innovate new technologies, such as nanotechnology or alumina thin films at high temperatures and advanced sol-gel technology to enhance precious metals distribution and reduce gaseous emissions and the escalating demand from OEMs and aftermarket segments are expected to bolster the autocatalyst market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BASF SE
- Cataler Corporation (Toyota Motor Corporation)
- Corning Incorporated
- Cummins Inc.
- DCL International Inc
- Faurecia
- Heraeus Holding
- Ibiden Co. Ltd.
- Solvay
- Tenneco Inc
Breakup by Material:
- Platinum
- Palladium
- Rhodium
- Others
Breakup by Catalyst Type:
- Two-way
- Three-way
- Four-way
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Others
Breakup by Fuel Type:
- Gasoline
- Diesel
- Hybrid Fuels
- Hydrogen Fuel Cell
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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