What is the global market size of Automotive Catalyst Market?

Automotive Catalyst Market size was valued at USD 12.45 billion in 2021 and is poised to grow from USD 12.8 billion in 2022 to USD 18.98 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).

Who are the key vendors in the Global Automotive Catalyst Market?

Global Automotive Catalyst Market is highly competitive with the presence of several international and local players across the globe. Product diversification, advancement, merger & acquisition and quality enhancing are the leading key strategies opting through prominent market players 'BASF SE', 'Johnson Matthey PLC', 'Umicore SA', 'Clariant AG', 'Solvay SA', 'Heraeus Holding GmbH', 'Corning Incorporated', 'Tenneco Inc.', 'Cataler Corporation', 'Magneti Marelli S.p.A.', 'CDTi Advanced Materials, Inc.', 'Clean Diesel Technologies, Inc.', 'Cummins Inc.', 'Faurecia S.A.', 'Mitsubishi Heavy Industries Ltd.', 'N.E. Chemcat Corporation', 'Tenneco Automotive Operating Company Inc.', 'Unicore Catalyst Pvt. Ltd.', 'Weifu High-Technology Group Co. Ltd.', 'W.R. Grace & Co.'

Automotive Catalyst Market Size, Share, Growth Analysis, By Product Type (Two-way catalytic converter, Three-way catalytic converters), By Engine Type (Diesel, Gasoline), By Type (Platinum, Palladium), By Sales Channel, By Vehicle Type, By Region - Industry Forecast 2025-2032.

Report ID: SQMIG25A2141 | Region: Global | Published Date: November, 2024
Pages: 157 | Tables: 116 | Figures: 77

Automotive Catalyst Market News

In July 2021, BASF SE announced the acquisition of Zodiac Enterprises LLC in Caldwell, Texas of United States. With this acquisition, the company expanded its chemical catalyst recycling capacity and capability. Moreover, the site recycles precious metals from industrial scrap, primarily chemical catalysts. Furthermore, this investment allows the company to meet the increased customer demand for recycling spent chemical and automotive catalysts.
In May 2021, BASF SE announced the plan to expand the project at its Platinum Group Metals (PGM) refining facility in Seneca, South Carolina, United States to boost the site’s refining capacity for recycled precious metals from spent catalysts, which will further strengthen the company presence in the spent automotive catalyst recycling market, globally.

Automotive Catalyst Market Report Snapshots

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Automotive Catalyst Market size was valued at USD 12.8 Billion in 2023 and is poised to grow from USD 13.5 Billion in 2024 to USD 19.94 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).

Global Automotive Catalyst Market is highly competitive with the presence of several international and local players across the globe. Product diversification, advancement, merger & acquisition and quality enhancing are the leading key strategies opting through prominent market players 'BASF SE (Germany) ', 'Johnson Matthey (UK) ', 'Umicore (Belgium) ', 'Tenneco Inc. (US) ', 'Clariant (Switzerland) ', 'CDTi Advanced Materials Inc. (US) ', 'Cummins Inc. (US) ', 'DCL International Inc. (Canada) ', 'Ecocat India Pvt Ltd (India) ', 'N.E. CHEMCAT Corporation (Japan) ', 'Klarius Products Ltd (UK) ', 'Corning Incorporated (US) ', 'NGK Insulators, Ltd. (Japan) ', 'Honeywell International Inc. (US) ', 'IBIDEN Co., Ltd. (Japan) ', 'Sinocat Environmental Technology Co., Ltd. (China) ', 'Tosoh Corporation (Japan) ', 'Shandong Sinocera Functional Material Co., Ltd. (China) ', 'Faurecia (France) ', 'Cataler Corporation (Japan) '

Rise in per capita GDP and disposable income of the global population has led to an increase in the number of vehicles in use. Rapid increase in the rate of motorization is boosting the demand for automotive components. Auto catalysts have become a vital part of vehicles to minimize emissions.

The key players of the automotive catalyst market are investing in the improvement and development of catalysts. A three-way catalyst can reduce the emitted pollutant from vehicle at 100% conversion efficiency at its operational temperature, typically above 400C, which is much higher. Johnson Matthey Inc., a leading automotive catalyst producer is working on the development of three-way catalyst for future vehicle, which improves the fuel efficiency and reduces CO2 emission substantially at lower operating temperature. This innovation in automotive catalysts is anticipated to provide future growth opportunity to the automotive catalyst market.

Asia Pacific dominated the global automotive catalyst market. Increasing regulations pertaining emission control limits implemented by China's State Environmental Protection Administration (SEPA) to curb vehicular pollution is anticipated to boost the demand for automotive catalyst in Asia Pacific. Moreover, these regulations will limit the use of increased PGMs in the coating of an automotive catalyst substrate. This, in turn, is likely to make auto catalyst expensive in the coming years and, therefore, increase market revenue share.

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Automotive Catalyst Market Size, Share, Growth Analysis, By Product Type (Two-way catalytic converter, Three-way catalytic converters), By Engine Type (Diesel, Gasoline), By Type (Platinum, Palladium), By Sales Channel, By Vehicle Type, By Region - Industry Forecast 2025-2032.

Automotive Catalyst Market News

Automotive Catalyst Market Report Snapshots

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What is the global market size of Automotive Catalyst Market?

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