According to a market report by Lucintel, the future of the global auto catalyst market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. The global auto catalyst market is expected to reach an estimated $14.5 billion by 2030 from $10.7 billion in 2024,at a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rise in adoption of hybrid and electric vehicles, growing emphasis towards emission standards in the developed nations, and increased focus on fuel efficiency.
A more than 150-page report to understand trends, opportunity and forecast in auto catalyst market to 2030 by material (platinum, palladium, rhodium, and others), fuel type (gasoline, diesel, hybrid fuels, and hydrogen fuel cell), catalyst type (two-way, three-way, and four-way), vehicle type (passenger car, light commercial vehicle, heavy commercial vehicle, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that platinum is expected to witness the highest growth over the forecast period due to its lower price and wider availability.
Within this market, passenger car will remain the largest segment due to increasing vehicle population along with stringent emission regulations.
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APAC is expected to witness highest growth over the forecast period due to surge in demand of vehicle population and presence of strong aftermarket infrastructure in the region.
BASF, Cataler, Corning, Cummins, DCL, Faurecia, Heraeus, Ibiden, Solvay, Tenneco are the major suppliers in the auto catalyst market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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