Auto Catalyst Market Will Generate New Growth Opportunities by 2023
Auto Catalyst Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Auto Catalyst Market by application (HDV, LDV-Gasoline, and LDV-Diesel) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Auto Catalyst Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Auto Catalyst Market are Faurecia S.A., Klarius Products Limited, MagnaFlow, Bosal International N.V., Cummins Emission Solutions, Inc., MagnetiMarelliS.p.A, Ibiden Co., Ltd., Umicore S.A., and Solvay S.A. According to report the global autocatalyst market is projected to grow at a CAGR of 3.5% over the forecast period of 2017 – 2023.
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Increasing awareness by various governments across different regions is expected to drive auto catalyst market over the forecast period
Auto catalyst is a cylinder made from ceramic molded into a fine honeycomb and coated with a solution of chemicals and a combination of platinum. Auto catalysts are substances used in automotive exhaust systems to convert automotive exhaust gases into less harmful substances.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. Increasing awareness among the population and government initiatives to reduce impact of human activities on the environment are the factors driving the growth of the market over the forecast period. Additionally, growing per capita disposal income in the developing regions are anticipated to fuel the auto catalyst market. However, increasing demand for electric vehicle is likely to hinder the growth of the market. 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, high price of diesel auto catalyst is expected to have positive impact on the growth of the catalyst market across the globe.Some of the prominent players operating in the global Auto catalyst market are BASF SE, Johnson Matthey, and Solvay.. Moreover, players in the market are focusing on increasing their product portfolio to suit customer needs to gain a competitive advantage in various regional markets.Companies such as BASF SE; Johnson Matthey undertook expansions & investment strategies to increase their production capabilities.
North America is a dominant region in the global auto catalyst market
Among the geographies, Asia pacific is the fastest growing region due to increasing automobile production in Asian countries such as Indiaand china. Europe is expected to be the second largest region in the production of autocatalyst.North America is expected to experience slow growth in terms of volume owing to the average life of the vehicles.The presence of three big automobile companies namely General Motors, Ford, and Fiat Chrysler have further augmented the overall demand for auto catalyst from the automobile industry.
The report on global auto catalyst market covers segments such as application. The Application segments include HDV, LDV-Gasoline, and LDV-Diesel.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
Global Auto Catalyst Market
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 – 2023.
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Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global auto catalyst market such as, Tenneco, Inc., Faurecia S.A., Klarius Products Limited, MagnaFlow, Bosal International N.V., Cummins Emission Solutions, Inc., MagnetiMarelliS.p.A, Ibiden Co., Ltd., Umicore S.A., and Solvay S.A.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global auto catalyst market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of auto catalyst market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the auto catalyst market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the auto catalyst market to understand the present and future trends in this market and formulate their strategies accordingly.