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Global Auto Catalyst Market is predicted to reach USD 18.98 billion at a CAGR of 5.4% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Auto Catalyst Market” that contains information from 2022 to 2030. The Global Auto Catalyst Market is estimated to register a CAGR of 5.4% during the forecast period of 2022 to 2030.


MRFR recognizes the following companies as the key players in the Global Auto Catalyst Market— BASF SE, Johnson Matthey, Solvay, LB MINERALS, Ltd, Umicore, Corning Incorporated, Cataler Corporation, and DCL International.


Auto Catalyst Market Highlights


Global Auto Catalyst Market is accounted to register a CAGR of 5.4% during the forecast period and is estimated to reach USD 18.98 Billion by 2030.


An auto catalyst, also known as an automotive catalytic converter, is a critical emissions control device installed in the exhaust system of internal combustion engine vehicles. Its primary purpose is to reduce harmful pollutants emitted by the engine, particularly nitrogen oxides (NOx), carbon monoxide (CO), and hydrocarbons (HC). The auto catalyst contains precious metals such as platinum, palladium, and rhodium as catalysts, which facilitate chemical reactions that convert these harmful gases into less harmful substances, like nitrogen, carbon dioxide, and water vapor. By catalyzing these reactions, the auto catalyst plays a crucial role in reducing vehicle emissions and ensuring compliance with stringent environmental regulations aimed at improving air quality and reducing the impact of vehicular emissions on the environment and public health.


Segment Analysis


The Global Auto Catalyst Market has been segmented based on Application.


Based on Application, the market is segmented into Light Duty Vehicles- Diesel, Light Duty Vehicle- Gasoline, and Heavy Duty Vehicle. The Light Duty Vehicle- Diesel category dominates the Auto Catalyst market due to the high demand for emissions control solutions in diesel-powered passenger cars and light trucks to meet stringent environmental regulations.


Regional Analysis


The Global Auto Catalyst Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Auto Catalyst Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Auto Catalyst Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Auto Catalyst Market comprises of Middle East, Africa, and Latin America.


In the European Auto Catalyst market, the region holds the second-largest market share, driven by the increasing production of motor vehicles, leading to an expanding market. The presence of Auto Catalyst deposits within the region also contributes significantly to the market's growth. Among the European countries, Germany's Auto Catalyst market stands out with the largest market share, benefiting from its strong automotive industry and high demand for emissions control solutions. Additionally, the Russia Auto Catalyst market exhibits the fastest growth in the European region, driven by the country's expanding automotive sector and rising environmental awareness.


In the Asia-Pacific Auto Catalyst market, a Compound Annual Growth Rate (CAGR) of 3.6% is expected from 2022 to 2030. This growth is primarily due to the abundance of Auto Catalyst reserves in the region, enhancing the availability of raw materials for manufacturing. Moreover, countries like Japan, China, and India, among the top vehicle-producing nations globally, contribute to the increasing demand for Auto Catalysts to comply with strict emissions regulations. Additionally, the growth of ceramic clusters, particularly in China and India, has led to a notable expansion in product consumption in these markets. As the automotive industry in the Asia-Pacific region continues to thrive, the demand for Auto Catalysts is expected to remain robust, fostering market growth in the coming years.


Key Findings of the Study



  • The Global Auto Catalyst Market is expected to reach USD 18.98 Billion by 2030, at a CAGR of 5.4% during the forecast period.

  • The European Auto Catalyst market holds the second-largest market share, propelled by the region's growing motor vehicle production, which has resulted in an expanding market. Additionally, the presence of Auto Catalyst deposits within the region further contributes to driving the expansion of the Auto Catalyst market.

  • Based on the Application, the Market has been segmented into Light Duty Vehicle- Diesel holding the largest market in 2022.

  • BASF SE, Johnson Matthey, Solvay, LB MINERALS, Ltd, Umicore, Corning Incorporated, Cataler Corporation, and DCL International.


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Companies Covered 15
Pages 139
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