Auto Catalyst Market Analysis Report By Application, By Region And Segment Forecasts From 2017 To 2025

Industry Insights

The global auto catalyst market size was accounted for 114,492.5 thousand units in 2016. This growth can be attributed to rising environment-related issues owing to toxic gas emissions from automobiles. In addition, stringent rules and regulations being imposed by statutory governing bodies on vehicle emissions are further expected to drive the demand for autocatalysts in the upcoming years.

These auto catalysts help in the conversion of toxic pollutants like carbon oxides, nitrogen oxides, hydrocarbons, and noxious particulate matter to water, nitrogen, carbon dioxide, and other harmless gases. Thus, the demand for autocatalysts is anticipated to boost in the upcoming years on an account of surging automobile production and aftermarket across the globe.

The demand for autocatalysts is increasing across various countries like India, China, Germany, and Japan. Moreover, the imposition of several governmental policies for reducing air pollution across Europe and North America coupled with the execution of these regulations and rules across developing regions like the Asia Pacific is further anticipated to drive the market growth in the upcoming years.

Application Insights

The light-duty vehicles include passenger cars and commercial vehicles which are fueled by diesel or gasoline. Thus, due to the surging population and rising sales of automobiles across the globe, the market for LDVs is expected to boost in the upcoming years.

The demand for LDVs is expected to rise in the upcoming years across countries like China and U.S. In addition, LDVs with diesel as a fuel is anticipated to witness growth across European countries like France, Spain, and Germany. Moreover, countries like South Korea and India are further anticipated to drive the demand for LDV – diesel in the upcoming years.

Most of the vehicles that are heavy-duty such as tractors, trucks, coaches, and buses are being powered by diesel. They require higher PGM content (Platinum Group Metals) for harmful gas conversion to less toxic gases. As this function is being done by autocatalysts, their prices across the HDV segment are expected to surge up as compared to the LDVs.

Regional Insights

In 2016, Asia Pacific held the largest share of 51.95% across the global market. It is also anticipated to continue its growth with a CAGR of 3.6% over the forecasted period. This growth can be attributed to the rising production of automobiles across countries like China, India, Pakistan, South Korea, and Indonesia. Moreover, external factors like an increase in disposable income among the working professionals coupled with the surging population are expected to play a vital role in the market growth over the forecast period.

Europe held the second-largest share across the market in 2016. It is also expected to register the second-largest CAGR during the forecasted years. This region accounted for the sale of around 22 million automobiles in 2015. Moreover, the implementation of norms like Euro VI and VII for the production of motor vehicles is further anticipated to drive the growth of the autocatalyst market in the upcoming years.

North America is anticipated to register slow growth across the global market owing to the increased life span of motor vehicles. This can be associated with the increased durability and efficiency of these autocatalysts that enhance the life span of vehicles. But, as the prices of these autocatalysts are more in North America as compared to the rest of the regions, they contribute significantly to the global market in terms of revenue.

Auto Catalyst Market Share Insights

Key players in the market are Umicore S.A.; BASF SE; Johnson Matthey; Corning Incorporated; Faurecia SA; Tenneco, Inc.; and Cataler Corporation. These players are engaged in expanding their value chain to penetrate deeper into the emerging markets. They have also started investing in R&Ds for boosting the process of product development and innovation.

They are also expanding their product portfolio to cater to customer needs and shifting trends in technology. These players also act as exporters and distributors for their products. Moreover, players like Cummins Emission Solutions are also engaged in implementing several marketing strategies like mergers and acquisitions for boosting the market share. In addition, expansions are being carried out by several players like Johnson Matthey; BASF SE; and Umicore S.A. to widen their product portfolio and manufacturing capacity expansions across the globe.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2014 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the global auto catalyst market report based on application and region:

• Application Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2025)
    • LDV-Diesel
    • LDV-Gasoline
    • HDV

• Regional Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • UK
        • Germany
        • France
        • Russia
        • Spain
        • Netherlands
    • the Asia Pacific
        • South Korea
        • China
        • Japan
        • Australia
        • Malaysia
        • Indonesia
    • Middle East & Africa
        • Saudi Arabia
        • South Africa
    • Central & South America
        • Brazil