The global auto catalyst market size is expected to reach USD
16.15 billion by 2025, according to a new report by Grand View Research, Inc.
Globally increasing awareness along with stringent emission control rules being
implemented by various governments across different regions is expected to
drive market over the forecast period.
The global production of automobiles has been
increasing in the last ten years due to the growing disposable income level,
especially in the emerging markets of China, India, Russia, and Brazil.
However, as the growth of auto catalyst market is directly proportional to
advances in automotive sector, the rise in the production of automobiles is
expected to have a positive impact on product market in the coming years.
Diesel cars accounted for a significant share
in automotive markets of Asia and Europe in 2016. High fuel efficiency offered
by diesel-powered engines is the primary driver that has triggered their demand
in comparison to fuel efficiency offered by gasoline engines. The growing
biodiesel market is expected to further boost the demand for diesel-powered
vehicles in the market.
The use of diesel engines is likely to lead to
the growing demand for diesel oxidation catalyst, diesel particulate filters,
and other oxidation catalysts required to lower the emission levels of a
vehicle. The price of catalysts for diesel-powered vehicles is four times
higher in comparison to the price for gasoline engines. This factor, in turn,
is anticipated to increase the revenue of market.
For full research report on Auto
catalyst Market visit here: https://www.grandviewresearch.com/industry-analysis/auto-catalyst-market
Further key findings from the report suggest:
- The global autocatalyst demand was 114,492.5
thousand units in 2016 and is expected to register a CAGR of 3.4% from
2017 to 2025
- LDV-Gasoline emerged as the largest
application segment in 2016 and is estimated to generate revenue of USD
6,429.6 million by 2025
- Global LDV-Diesel demand in the U.S. was USD
435.6 million in 2016 and is anticipated to witness a highest growth over
the next eight years
- The growth of this market is directly
proportional to the growth of the global automotive industry
- Diesel cars accounted for a major share in
automotive markets for Asia and Europe in 2016
- Some of the key players in the operating in
the global market include BASF SE, Johnson Matthey, Umicore S.A., and DCL
International, Inc.
Get request sample of this report here : https://www.grandviewresearch.com/industry-analysis/auto-catalyst-market/request/rs1
Grand
View Research has segmented the global auto catalyst market on the basis of
application and region:
Auto
catalyst Application Outlook (Volume, Thousand Units; Revenue, USD Million;
2014 - 2025)
- LDV-Diesel
- LDV-Gasoline
- HDV
Auto
catalyst Regional Outlook (Volume, Thousand Units; Revenue, USD Million;
2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Spain
- Netherlands
- Asia Pacific
- South Korea
- China
- Japan
- Australia
- Malaysia
- Indonesia
- Middle East &
Africa
- Saudi Arabia
- South Africa
- Central & South
America
- Brazil
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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