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According to IMARC Group latest report titled“ Autocatalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on autocatalyst market outlook . The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global autocatalyst market size reached US$ 12.8 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2028 , exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
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The push towards reducing emissions and improving air quality is driving the global market. Governments worldwide are imposing stringent emissions regulations, particularly for vehicles, to combat air pollution and mitigate the impact of greenhouse gases. Autocatalyst, specifically catalytic converters, play a crucial role in reducing harmful emissions from internal combustion engines. Additionally, the rising adoption of electric vehicles (EVs) is contributing to autocatalyst market growth. While EVs produce no tailpipe emissions, hybrid vehicles, and plug-in hybrids still require catalytic converters to control emissions during combustion engine operation. As the transition to EVs continues, autocatalysts remain essential for a portion of the automotive market. Furthermore, the expansion of the automotive industry, especially in emerging economies, is another driving factor.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
BASF SE Cataler Corporation (Toyota Motor Corporation) Corning Incorporated Cummins Inc. DCL International Inc Faurecia Heraeus Holding Ibiden Co. Ltd. Solvay Tenneco Inc
Key Market Segmentation:
Our report has categorized the market based on region, material, catalyst type, distribution channel, vehicle type and fuel type.
Breakup by Material:
Platinum Palladium Rhodium Others
Breakup by Catalyst Type:
Two-way Three-way Four-way
Breakup by Distribution Channel:
Breakup by Vehicle Type:
Passenger Car Light Commercial Vehicle Heavy Commercial Vehicle Others
Breakup by Fuel Type:
Gasoline Diesel Hybrid Fuels Hydrogen Fuel Cell
Breakup by Region:
North America (United States, Canada) Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa
Key Highlights of the Report:
Market Performance (2018-2023) Market Outlook (2024-2032) Porter's Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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