$15.7 Bn Automotive Catalyst (Platinum, Palladium and Rhodium) Market - Global Forecast to 2023
DUBLIN, Aug. 31, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
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.
Growth of this market can be attributed to the rising use of automotive catalysts in emerging economies. In addition, increasing disposable income in emerging economies is also anticipated to fuel the growth of the automotive catalyst market.
Automotive catalysts are used in vehicles, such as light-duty vehicles and heavy-duty vehicles. The light-duty vehicle segment is the largest type application segment of the automotive catalyst market. There has been considerable rise in the fuel economy standards implemented for light-duty vehicles during the past 10 years. This factor has led to greater use of automotive catalysts in this segment.
Based on type, the palladium segment is estimated to account for the largest share of the automotive catalyst market in 2018. Other factors driving the light-duty vehicles segment include the increasing demand for automotive vehicles in emerging economies. The use of palladium as an automotive catalyst has grown in importance in recent years driven by factors, such as increase in automotive sales and growing regulations for emissions.
APAC, North America, Europe, South America, and the Middle East & Africa are the key regions considered for market analysis in the report. APAC is estimated to be the largest market for automotive catalysts in 2018 in terms of volume. It is also expected to continue to be the largest market by 2023, as growing awareness about automotive catalysts is expected to drive the automotive catalyst market during the forecast period.
The automotive catalyst market in the APAC region is projected to grow at the highest CAGR between 2018 and 2023, in terms of value and volume. The increasing demand for vehicles in the Asia Pacific region is anticipated to drive the automotive catalyst market. Greater stress on low vehicle emissions as well as a rise in disposable incomes of consumers are expected to drive the automotive catalyst market during the forecast period.
Increasing use of electric vehicles is a key challenge for the growth of the automotive catalyst market. Rising number of electric vehicles which do not require the use of automotive catalysts are expected to dampen the demand for automotive catalysts during the forecast period.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Automotive Catalyst Market Overview, 2018 vs 2023
4.2 Automotive Catalyst Market, By Vehicle Type
4.3 Automotive Catalyst Market, By Region
4.4 Automotive Catalyst Market Share, By Type and Country
4.5 Automotive Catalyst Market Attractiveness
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth Driven By Tighter Legislation on Automotive Emission
5.2.2 Restraints
5.2.2.1 Growth of Electric Vehicles
5.2.3 Opportunities
5.2.3.1 Increased Focus on Emission Standards in Developing Nations
5.3 Porter's Five Force Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
6 Automotive Catalyst Market, By Type
6.1 Introduction
6.2 Platinum Catalysts
6.3 Palladium Catalysts
6.4 Rhodium Catalysts
7 Automotive Catalyst Market, By Vehicle Type
7.1 Introduction
7.2 Light-Duty Vehicle
7.3 Heavy-Duty Vehicle
8 Automotive Catalyst Market, By Region
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Key Players
9.3 Competitive Situation & Trends
9.4 Expansions & Agreements
9.5 Partnerships & Acquisitions
9.6 New Product Launches
10 Company Profiles
- BASF
- Bosal
- Cataler
- CDTI Advanced Materials
- Clariant
- CRI Catalyst
- Cummins
- Ecocat
- Heraeus
- Ibiden
- Interkat
- Johnson Matthey
- Magnetti Marelli
- Ne Chemcat
- NG Clark
- Sinocat
- Tenneco
- Umicore
For more information about this report visit https://www.researchandmarkets.com/research/d4b3kh/15_7_bn?w=5
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