Automotive Catalysts Market to Rear Excessive Growth | 2026
Automotive
catalysts are catalysts that are used to coat exhausts in automobiles
to reduce emissions. The technology was developed in the 1970s, as a
result of norms and policies restricting the emission of pollutants
such as carbon monoxide, nitrogen oxides, and hydrocarbons from
engines. These gases lead to environmental pollution and they are
extremely hazardous to human health. Carbon monoxide combines with
hemoglobin in the bloodstream, which leads to reduction of
oxygen-active sites. This, in turn, leads to asphyxia. Nitrogen oxide
can lead to formation of smog and acid rain, which is irritating to
the eyes, the respiratory system, and the skin. Aromatic hydrocarbons
are carcinogenic compounds that can lead to formation of cancerous
cells in the human body. Zeolites or metal substrates and cordierite
are automotive catalysts, which are usually available in the form of
monolith ceramics.
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Catalysts
produced currently are called three-way catalysts, which are advanced
systems of emission treatments for vehicles running on gasoline.
These systems are specifically used to reduce emissions of carbon
monoxide (CO), nitrogen dioxide (NO2), and hydrocarbons (HC) in the
atmosphere. Demand for such systems has been continuously rising
owing to rapid increase in the number of on-road vehicles all over
the world. Moreover, norms and policies related to the emission of
exhaust gases have been made more stringent by regulatory authorities
across the world, especially in regions such as Europe and North
America. Increasing demand for automobiles and stringent laws and
norms with respect to the emission of exhaust gases are anticipated
to drive the demand for automotive catalysts market in the near
future.
Global
Automotive Catalysts Market: Key Segments
Based
on vehicle type, the automotive catalysts market can be segmented
into heavy-duty vehicles and light-duty vehicles. Currently, the
market is dominated by the light-duty vehicles segment. This can be
attributed to the large share held by light-duty passenger cars, in
terms of volume, in overall automobile sales and increasing usage of
automotive catalysts for passenger cars. The light-duty vehicles
segment is anticipated to expand at a rapid pace during the forecast
period, owing to increasing sales of passenger cars. On the other
hand, the heavy-duty vehicles segment is projected to expand at a
steady pace during the forecast period.
Based
on product, the automotive catalysts market can be segmented into
platinum, palladium, and rhodium. Currently, the palladium segment
holds a major share of the automotive catalysts market. It is likely
to continue its dominance during the forecast period. Palladium has
gained significance as an oxidation catalyst over the last few years.
This is largely due to rapidly increasing year-on-year automobile
sales. Also, cost efficiency of palladium over its counterparts is a
major factor driving the demand for palladium as an automotive
catalyst. The palladium segment is anticipated to expand at a rapid
growth rate during the forecast period.
Global
Automotive Catalysts Market: Regional Outlook
Based
on region, the global automotive catalysts market can be segregated
into North America, Europe, Asia Pacific, Latin America and Middle
East & Africa. Asia Pacfic is likely to dominate the global
automotive catalysts market during the forecast period, owing to
increasing demand for automobiles in the region. The automotive
industry in Asia Pacific is anticipated to expand at a significant
growth rate during the forecast period. This, in turn, is driving the
automotive catalysts market in the region. This can be majorly
attributed to economic growth of some of the developing countries in
the region such as China and India, which are major markets for
automotive. Moreover, the disposable income of people in these
countries has risen over the last few years, which has augmented
sales of automobiles in these countries. The automotive catalysts
market in Asia Pacific is projected to expand at a steady pace during
the forecast period.
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Global
Automotive Catalysts Market: Key Players
Key
players operating in the global automotive catalysts market are BASF,
Umicore, Cummins, Tenneco, Cataler, Johnson Matthey, Heraeus, and
INTERKAT.
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