Press release
Driving Sustainability: A Deep Dive into the Global Automotive Catalyst Market Anticipated to Hit $31,815.7 Million by 2025
According to the report published by Allied Market Research, the global automotive catalyst market contributed $22.60 billion in 2017 and is estimated to garner $31.81 billion by 2025, growing at a CAGR of 4.2% from 2017 to 2025. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/5071
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
BASF SE,
Johnson Matthey,
Umicore,
Tenneco Inc.,
CDTi Advanced Materials, Inc.,
Cummins Inc.,
Eberspcher,
Ecocat India Pvt. Ltd.,
Klarius Products Ltd.,
Clariant.
Adoption of nanotechnology in catalytic converters along with an increase in automobile production drives the global automotive catalyst market. Furthermore, emission control regulations issued by government supplement the market growth. Factors such as innovations in automotive catalyst and government initiatives for emission reduction in developing nations offer lucrative opportunities for market growth. However, the growing production of electric vehicles and the high cost of automotive catalyst restrict the market growth.
๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ ๐๐๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐
Based on vehicle types, the passenger car segment accounted for more than two-fifths of the total revenue in 2017 and will maintain its dominance by 2025. However, the light commercial vehicle segment is expected to register the highest CAGR of 5.9% from 2017 to 2025. The report also analyzes other segments including heavy commercial vehicle and motorcycle.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ซ๐๐ ๐ข๐จ๐ง ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐
The Asia-Pacific region accounted for more than half of the market in terms of revenue in 2017 and is likely to maintain its revenue lead during the forecast period. However, the LAMEA region is expected to grow at the highest CAGR of 5.5% during the forecast period. The research also analyzes regions including Europe and North America.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/automotive-catalyst-market/purchase-options
๐๐ก๐จ๐๐ข๐ฎ๐ฆ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐
Among metal types, the Rhodium segment is expected to register the highest CAGR of 6% from 2017 to 2025. However, the other segment accounted for more than half of the total revenue in 2017 and will maintain its dominance by 2025. The research also analyzes other segments including Platinum and Palladium.
๐๐๐ฌ๐จ๐ฅ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐
Among engine types, the gasoline segment accounted for more than five-sevenths of the total revenue in 2017 and will maintain its dominance by 2025. However, the diesel segment is expected to register the highest CAGR of 5.6% from 2017 to 2025.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/5071
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ญ๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ :
โ๏ธThe others segment in metal type generated the highest revenue in terms of revenue for the global automotive catalyst market in 2017.
โ๏ธIn 2017, gasoline segment was the highest revenue contributor in the engine category.
โ๏ธThe LAMEA region is anticipated to exhibit the highest CAGR during the forecast period.
โ๏ธIn 2017, the Asia-Pacific contributed the highest market revenue, followed by Europe, LAMEA, and North America.
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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