Automotive Catalyst Market Size to grow by USD 1.70 Million | APAC to Occupy 63% Market Share | Technavio

Technavio has announced its latest market research report titled Automotive Catalyst Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

NEW YORK, July 1, 2022 /PRNewswire/ — The “Automotive Catalyst Market by Product (palladium, platinum, rhodium, and others), Application (light-duty vehicle and heavy-duty vehicle), and Geography (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.  The automotive catalyst market share is expected to increase by USD 1.70 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2.39%.  63% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive catalyst market in APAC. Market growth in this region will be faster than the growth of the market in regions. The increasing vehicle production will facilitate the automotive catalyst market growth in APAC over the forecast period.

Automotive Catalyst Market: Segmentation Analysis

The automotive catalyst market report is segmented by Product (palladium, platinum, rhodium, and others), Application (light-duty vehicle and heavy-duty vehicle), and Geography (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).  

  • Revenue Generating Segment: The automotive catalyst market share growth in the palladium segment will be significant for revenue generation. The increasing demand for gasoline-powered vehicles in India, China, and other developing countries will drive the demand for palladium catalysts during the forecast period. In China, the widespread use of light-duty gasoline vehicles will drive the demand for palladium catalysts, as palladium catalysts are more cost-effective than other catalysts.

Grab a sample report for additional insights into the contribution of all the segments

Automotive Catalyst Market: Key Market Dynamics
  • Market Driver – Increasing vehicle production is one of the key factors driving the growth of the global automotive catalyst market. The global automotive industry will register a moderate growth rate during the forecast period. The demand for automotive catalysts has increased as they convert pollutants, such as nitrogen oxides, into harmless gases before releasing them into the environment. Platinum, palladium, and rhodium are the major automotive catalysts. Globally, increasing vehicle production will drive the demand for automotive catalysts during the forecast period. Moreover, the global automotive market is expected to grow at a steady rate during the forecast period. Stringent regulations on controlling nitrogen oxide emissions in Europe and North America have a positive influence on the market. The US EPA’s Ozone Transport Region (OTR) NOx Cap and Allowance Trading Program regulates nitrogen oxide emissions.



  • Market Challenges – The fluctuation in raw material prices is a major challenge for global automotive catalyst market growth. Prices of metals are subject to fluctuations. South Africa is the major revenue contributor to the global platinum group metal (PGM) market, and the value of the rand compared to the US dollar exchange plays an important role in the dynamics of the market. An increase in the value of the rand will affect operations and production costs, thereby reducing the profit margins of vendors. Moreover, labor strikes in South Africa-based mining companies resulted in the South African rand falling against the US dollar and UK pound in March 2015. Approximately 70% of the palladium supply is concentrated in Russia and South Africa. As a result, suppliers have control over prices. Prices of palladium, an industry-driven metal, had increased due to the lower output of the miners. The rise in palladium prices is mostly due to reduced platinum production in South Africa, and global economic factors will lead to a price hike during the forecast period. These prices are expected to fluctuate during the forecast period.

To learn about additional key drivers, trends, and challenges-Request Sample Report right now!

Automotive Catalyst Market: Vendor Analysis

The automotive catalyst market is fragmented and the vendors are deploying growth strategies such as automotive catalysts with integrated downstream capacities to compete in the market.

    • BASF SE
    • CDTi Advanced Materials Inc.
    • Clariant International Ltd.
    • Corning Inc.
    • Cummins Inc.
    • Ibiden Co. Ltd.
    • Johnson Matthey Plc
    • Royal Dutch Shell Plc
    • Solvay SA
    • Umicore
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Get ready to achieve excellent business outcomes from this exclusive Automotive Catalyst Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –
  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
  • What is the current trend taking place in the market space?
  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
  • What are market drivers, restraints, and challenges impacting demand & growth of the market?
  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Automotive Catalyst Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Automotive Catalyst Market Forecast Report –  Buy Now!

Related Reports:
  • The aluminum alloy wheel market share is expected to increase to USD 3.45 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.3%.
  • The automotive in-vehicle air purifier market share is expected to increase to USD 929.34 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.78%.

Automotive Catalyst Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 2.39%

Market growth 2021-2025

USD 1.70 million

Market structure

Fragmented

YoY growth (%)

1.01

Performing market contribution

APAC at 63%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BASF SE, CDTi Advanced Materials Inc., Clariant International Ltd., Corning Inc., Cummins Inc., Ibiden Co. Ltd., Johnson Matthey Plc, Royal Dutch Shell Plc, Solvay SA, and Umicore

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Automotive components and accessories market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 15: Product – Market share 2020-2025 (%)
  • 5.2 Comparison by Product
    • Exhibit 16: Comparison by Product
  • 5.3 Palladium – Market size and forecast 2020-2025
    • Exhibit 17: Palladium – Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Palladium – Year-over-year growth 2020-2025 (%)
  • 5.4 Platinum – Market size and forecast 2020-2025
    • Exhibit 19: Platinum – Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Platinum – Year-over-year growth 2020-2025 (%)
  • 5.5 Rhodium – Market size and forecast 2020-2025
    • Exhibit 21: Rhodium – Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Rhodium – Year-over-year growth 2020-2025 (%)
  • 5.6 Others – Market size and forecast 2020-2025
    • Exhibit 23: Others – Market size and forecast 2020-2025 ($ million)
    • Exhibit 24: Others – Year-over-year growth 2020-2025 (%)
  • 5.7 Market opportunity by Product
    • Exhibit 25: Market opportunity by Product

6 Market Segmentation by Application

  • 6.1 Market segments
    • Exhibit 26: Application – Market share 2020-2025 (%)
  • 6.2 Comparison by Application
    • Exhibit 27: Comparison by Application
  • 6.3 Light-duty vehicle – Market size and forecast 2020-2025
    • Exhibit 28: Light-duty vehicle – Market size and forecast 2020-2025 ($ million)
    • Exhibit 29: Light-duty vehicle – Year-over-year growth 2020-2025 (%)
  • 6.4 Heavy-duty vehicle – Market size and forecast 2020-2025
    • Exhibit 30: Heavy-duty vehicle – Market size and forecast 2020-2025 ($ million)
    • Exhibit 31: Heavy-duty vehicle – Year-over-year growth 2020-2025 (%)
  • 6.5 Market opportunity by Application
    • Exhibit 32: Market opportunity by Application

7 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 34: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 35: Geographic comparison
  • 8.3 APAC – Market size and forecast 2020-2025
    • Exhibit 36: APAC – Market size and forecast 2020-2025 ($ million)
    • Exhibit 37: APAC – Year-over-year growth 2020-2025 (%)
  • 8.4 Europe – Market size and forecast 2020-2025
    • Exhibit 38: Europe – Market size and forecast 2020-2025 ($ million)
    • Exhibit 39: Europe – Year-over-year growth 2020-2025 (%)
  • 8.5 North America – Market size and forecast 2020-2025
    • Exhibit 40: North America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 41: North America – Year-over-year growth 2020-2025 (%)
  • 8.6 South America – Market size and forecast 2020-2025
    • Exhibit 42: South America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 43: South America – Year-over-year growth 2020-2025 (%)
  • 8.7 MEA – Market size and forecast 2020-2025
    • Exhibit 44: MEA – Market size and forecast 2020-2025 ($ million)
    • Exhibit 45: MEA – Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries
    • Exhibit 46: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 47: Market opportunity by geography

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
    • Exhibit 48: Impact of drivers and challenges
  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 49: Vendor landscape
  • 10.3 Landscape disruption
    • Exhibit 50: Landscape disruption
    • Exhibit 51: Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 52: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 53: Market positioning of vendors
  • 11.3 BASF SE
    • Exhibit 54: BASF SE – Overview
    • Exhibit 55: BASF SE – Business segments
    • Exhibit 56: BASF SE – Key offerings
    • Exhibit 57: BASF SE – Segment focus
  • 11.4 CDTi Advanced Materials Inc.
    • Exhibit 58: CDTi Advanced Materials Inc. – Overview
    • Exhibit 59: CDTi Advanced Materials Inc. – Product and service
    • Exhibit 60: CDTi Advanced Materials Inc. – Key offerings
  • 11.5 Clariant International Ltd.
    • Exhibit 61: Clariant International Ltd. – Overview
    • Exhibit 62: Clariant International Ltd. – Business segments
    • Exhibit 63: Clariant International Ltd. – Key news
    • Exhibit 64: Clariant International Ltd. – Key offerings
    • Exhibit 65: Clariant International Ltd. – Segment focus
  • 11.6 Corning Inc.
    • Exhibit 66: Corning Inc. – Overview
    • Exhibit 67: Corning Inc. – Business segments
    • Exhibit 68: Corning Inc. – Key offerings
    • Exhibit 69: Corning Inc. – Segment focus
  • 11.7 Cummins Inc.
    • Exhibit 70: Cummins Inc. – Overview
    • Exhibit 71: Cummins Inc. – Business segments
    • Exhibit 72: Cummins Inc. – Key news
    • Exhibit 73: Cummins Inc. – Key offerings
    • Exhibit 74: Cummins Inc. – Segment focus
  • 11.8 Ibiden Co. Ltd.
    • Exhibit 75: Ibiden Co. Ltd. – Overview
    • Exhibit 76: Ibiden Co. Ltd. – Business segments
    • Exhibit 77: Ibiden Co. Ltd. – Key offerings
    • Exhibit 78: Ibiden Co. Ltd. – Segment focus
  • 11.9 Johnson Matthey Plc
    • Exhibit 79: Johnson Matthey Plc – Overview
    • Exhibit 80: Johnson Matthey Plc – Business segments
    • Exhibit 81: Johnson Matthey Plc – Key news
    • Exhibit 82: Johnson Matthey Plc – Key offerings
    • Exhibit 83: Johnson Matthey Plc – Segment focus
  • 11.10 Royal Dutch Shell Plc
    • Exhibit 84: Royal Dutch Shell Plc – Overview
    • Exhibit 85: Royal Dutch Shell Plc – Business segments
    • Exhibit 86: Royal Dutch Shell Plc – Key offerings
    • Exhibit 87: Royal Dutch Shell Plc – Segment focus
  • 11.11 Solvay SA
    • Exhibit 88: Solvay SA – Overview
    • Exhibit 89: Solvay SA – Business segments
    • Exhibit 90: Solvay SA – Key news
    • Exhibit 91: Solvay SA – Key offerings
    • Exhibit 92: Solvay SA – Segment focus
  • 11.12 Umicore
    • Exhibit 93: Umicore – Overview
    • Exhibit 94: Umicore – Product and service
    • Exhibit 95: Umicore – Key offerings
    • Exhibit 96: Umicore – Key news
    • Exhibit 97: Umicore – Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Currency conversion rates for US$
    • Exhibit 98: Currency conversion rates for US$
  • 12.3 Research methodology
    • Exhibit 99: Research Methodology
    • Exhibit 100: Validation techniques employed for market sizing
    • Exhibit 101: Information sources
  • 12.4 List of abbreviations
    • Exhibit 102: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-catalyst-market-size-to-grow-by-usd-1-70-million–apac-to-occupy-63-market-share–technavio-301578743.html

SOURCE Technavio

Leave a Reply

Your email address will not be published.