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Driving Sustainability: A Deep Dive into the Global Automotive Catalyst Market Anticipated to Hit $31,815.7 Million by 2025

11-29-2023 11:46 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Automotive Catalyst Market Size

Automotive Catalyst Market Size

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.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ - https://www.alliedmarketresearch.com/request-sample/5071

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ
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.

๐๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐œ๐š๐ซ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ฆ๐š๐ข๐ง๐ญ๐š๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐š๐ง๐œ๐ž ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“

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.

๐€๐ฌ๐ข๐š-๐๐š๐œ๐ข๐Ÿ๐ข๐œ ๐ซ๐ž๐ ๐ข๐จ๐ง ๐ญ๐จ ๐ฆ๐š๐ข๐ง๐ญ๐š๐ข๐ง ๐ฅ๐ž๐š๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“

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.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/automotive-catalyst-market/purchase-options

๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐š๐ญ ๐ญ๐ก๐ž ๐ก๐ข๐ ๐ก๐ž๐ฌ๐ญ ๐‚๐€๐†๐‘

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.

๐†๐š๐ฌ๐จ๐ฅ๐ข๐ง๐ž ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ฆ๐š๐ข๐ง๐ญ๐š๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐š๐ง๐œ๐ž ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“

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.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  - https://www.alliedmarketresearch.com/purchase-enquiry/5071

๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‚๐š๐ญ๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ :
โœ”๏ธThe others segment in metal type generated the highest revenue in terms of revenue for the global automotive catalyst market in 2017.
โœ”๏ธIn 2017, gasoline segment was the highest revenue contributor in the engine category.
โœ”๏ธThe LAMEA region is anticipated to exhibit the highest CAGR during the forecast period.
โœ”๏ธIn 2017, the Asia-Pacific contributed the highest market revenue, followed by Europe, LAMEA, and North America.

Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
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India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ
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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