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Automotive Catalyst Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: May 2021
  • Pages: 142
  • SKU: IRTNTR44073
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The automotive catalyst market share is expected to increase by USD 1.70 mn from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.39%.

This automotive catalyst market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive catalyst market segmentations by product (palladium, platinum, rhodium, and others), application (light-duty vehicle and heavy-duty vehicle), and geography (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA). The automotive catalyst market report also offers information on several market vendors, including BASF SE, CDTi Advanced Materials Inc., Clariant International Ltd., Corning Inc., Cummins Inc., Ibiden Co. Ltd., Johnson Matthey Plc, Royal Dutch Shell Plc, Solvay SA, and Umicore among others.

What will the Automotive Catalyst Market Size be During the Forecast Period?

Automotive Catalyst Market Size

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Automotive Catalyst Market: Key Drivers, Trends, and Challenges

The increasing vehicle production is notably driving the automotive catalyst market growth, although factors such as fluctuation in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive catalyst industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Catalyst Market Driver

Increasing vehicle production is one of the key factors driving the growth of the global automotive catalyst market. The global automotive industry will register a moderate growth rate during the forecast period. The demand for automotive catalysts has increased as they convert pollutants, such as nitrogen oxides, into harmless gases before releasing them into the environment. Platinum, palladium, and rhodium are the major automotive catalysts. Globally, increasing vehicle production will drive the demand for automotive catalysts during the forecast period. Moreover, the global automotive market is expected to grow at a steady rate during the forecast period. Stringent regulations on controlling nitrogen oxide emissions in Europe and North America have a positive influence on the market. The US EPA's Ozone Transport Region (OTR) NOx Cap and Allowance Trading Program regulate nitrogen oxide emissions. However, the increasing stringency of the regulations in these regions will drive the demand for automotive catalysts during the forecast period.

Key Automotive Catalyst Market Trend

The recycling of automotive catalysts will fuel the global automotive catalyst market growth. Every year, a large number of vehicles are manufactured, and various automotive catalysts are developed. Recycling automotive catalyst for the recovery of platinum, palladium, and rhodium helps in saving natural sources, reduces the cost required for mining activities, and protects the environment at the same time. The amount of platinum, palladium, and rhodium in this converter scrap is much higher than in the ores. Moreover, the extraction of platinum, palladium, and rhodium from used catalysts will also satisfy the demand for new production. The percentage of recycled platinum, palladium, and rhodium in new catalyst converters is increasing at a constant rate. Such factors will increase the demand for the global automotive catalyst market during the forecast period.

Key Automotive Catalyst Market Challenge

The fluctuation in raw material prices is a major challenge for global automotive catalyst market growth. Prices of metals are subject to fluctuations. South Africa is the major revenue contributor to the global platinum group metal (PGM) market, and the value of rand compared to the US dollar exchange plays an important role in the dynamics of the market. An increase in the value of the rand will affect operations and production costs, thereby reducing the profit margins of vendors. Moreover, labor strikes in South Africa-based mining companies resulted in the South African rand falling against the US dollar and UK pound in March 2015. Approximately 70% of the palladium supply is concentrated in Russia and South Africa. As a result, suppliers have control over prices. Prices of palladium, an industry-driven metal, had increased due to the lower output of the miners. The rise in palladium prices is mostly due to reduced platinum production in South Africa, and global economic factors will lead to a price hike during the forecast period. These prices are expected to fluctuate during the forecast period.

This automotive catalyst market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive catalyst market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive catalyst market during the forecast period.

Who are the Major Automotive Catalyst Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • CDTi Advanced Materials Inc.
  • Clariant International Ltd.
  • Corning Inc.
  • Cummins Inc.
  • Ibiden Co. Ltd.
  • Johnson Matthey Plc
  • Royal Dutch Shell Plc
  • Solvay SA
  • Umicore

 

This statistical study of the automotive catalyst market encompasses successful business strategies deployed by the key vendors. The automotive catalyst market is fragmented and the vendors are deploying growth strategies such as automotive catalysts with integrated downstream capacities to compete in the market.

Product Insights and News

  • BASF SE - The company offers Automotive Catalysts.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive catalyst market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Catalyst Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive catalyst market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Catalyst Market?

Automotive Catalyst Market Market segmentation by region

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63% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive catalyst market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The Increasing vehicle production will facilitate the automotive catalyst market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Due to COVID the Government of India imposed a nationwide lockdown to prevent the community spread of the disease. In 2020, various industries, including the automobile industry, closed or halted their operations due to the high mortality rate of the pandemic. This also impacted the growth of the catalyst market in the region in 2020 and Q1 2021. However, operations in various industries have been gradually resuming with limited capacity while following social distancing norms, which is expected to stabilize the growth of the market in the region during the forecast period.

What are the Revenue-generating Product Segments in the Automotive Catalyst Market?

Automotive Catalyst Market Segmentation

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The automotive catalyst market share growth by the palladium segment will be significant during the forecast period. The increasing demand for gasoline-powered vehicles in India, China, and other developing countries will drive the demand for palladium catalysts during the forecast period. In China, the widespread use of light-duty gasoline vehicles will drive the demand for palladium catalysts, as palladium catalysts are more cost-effective than other catalysts.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive catalyst market size and actionable market insights on post COVID-19 impact on each segment.

Automotive Catalyst Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.39%

Market growth 2021-2025

$ 1.70 million

Market structure

Fragmented

YoY growth (%)

1.01

Regional analysis

APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 63%

Key consumer countries

China, US, Japan, Germany, Canada, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, CDTi Advanced Materials Inc., Clariant International Ltd., Corning Inc., Cummins Inc., Ibiden Co. Ltd., Johnson Matthey Plc, Royal Dutch Shell Plc, Solvay SA, and Umicore

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Automotive Catalyst Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive catalyst market growth during the next five years
  • Precise estimation of the automotive catalyst market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive catalyst industry across APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive catalyst market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Automotive components and accessories market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Palladium - Market size and forecast 2020-2025
      • Exhibit 17: Palladium - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Palladium - Year-over-year growth 2020-2025 (%)
    • 5.4 Platinum - Market size and forecast 2020-2025
      • Exhibit 19: Platinum - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Platinum - Year-over-year growth 2020-2025 (%)
    • 5.5 Rhodium - Market size and forecast 2020-2025
      • Exhibit 21: Rhodium - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Rhodium - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 25: Market opportunity by Product

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 26: Application - Market share 2020-2025 (%)
    • 6.2 Comparison by Application
      • Exhibit 27: Comparison by Application
    • 6.3 Light-duty vehicle - Market size and forecast 2020-2025
      • Exhibit 28: Light-duty vehicle - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Light-duty vehicle - Year-over-year growth 2020-2025 (%)
    • 6.4 Heavy-duty vehicle - Market size and forecast 2020-2025
      • Exhibit 30: Heavy-duty vehicle - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Heavy-duty vehicle - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 32: Market opportunity by Application

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 34: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 35: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 36: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 North America - Market size and forecast 2020-2025
      • Exhibit 40: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 46: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 47: Market opportunity by geography

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 48: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • 10.2 Vendor landscape
            • Exhibit 49: Vendor landscape
          • 10.3 Landscape disruption
            • Exhibit 50: Landscape disruption
            • Exhibit 51: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 52: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 53: Market positioning of vendors
          • 11.3 BASF SE
            • Exhibit 54: BASF SE - Overview
            • Exhibit 55: BASF SE - Business segments
            • Exhibit 56: BASF SE - Key offerings
            • Exhibit 57: BASF SE - Segment focus
          • 11.4 CDTi Advanced Materials Inc.
            • Exhibit 58: CDTi Advanced Materials Inc. - Overview
            • Exhibit 59: CDTi Advanced Materials Inc. - Product and service
            • Exhibit 60: CDTi Advanced Materials Inc. - Key offerings
          • 11.5 Clariant International Ltd.
            • Exhibit 61: Clariant International Ltd. - Overview
            • Exhibit 62: Clariant International Ltd. - Business segments
            • Exhibit 63: Clariant International Ltd. – Key news
            • Exhibit 64: Clariant International Ltd. - Key offerings
            • Exhibit 65: Clariant International Ltd. - Segment focus
          • 11.6 Corning Inc.
            • Exhibit 66: Corning Inc. - Overview
            • Exhibit 67: Corning Inc. - Business segments
            • Exhibit 68: Corning Inc. - Key offerings
            • Exhibit 69: Corning Inc. - Segment focus
          • 11.7 Cummins Inc.
            • Exhibit 70: Cummins Inc. - Overview
            • Exhibit 71: Cummins Inc. - Business segments
            • Exhibit 72: Cummins Inc. – Key news
            • Exhibit 73: Cummins Inc. - Key offerings
            • Exhibit 74: Cummins Inc. - Segment focus
          • 11.8 Ibiden Co. Ltd.
            • Exhibit 75: Ibiden Co. Ltd. - Overview
            • Exhibit 76: Ibiden Co. Ltd. - Business segments
            • Exhibit 77: Ibiden Co. Ltd. - Key offerings
            • Exhibit 78: Ibiden Co. Ltd. - Segment focus
          • 11.9 Johnson Matthey Plc
            • Exhibit 79: Johnson Matthey Plc - Overview
            • Exhibit 80: Johnson Matthey Plc - Business segments
            • Exhibit 81: Johnson Matthey Plc – Key news
            • Exhibit 82: Johnson Matthey Plc - Key offerings
            • Exhibit 83: Johnson Matthey Plc - Segment focus
          • 11.10 Royal Dutch Shell Plc
            • Exhibit 84: Royal Dutch Shell Plc - Overview
            • Exhibit 85: Royal Dutch Shell Plc - Business segments
            • Exhibit 86: Royal Dutch Shell Plc - Key offerings
            • Exhibit 87: Royal Dutch Shell Plc - Segment focus
          • 11.11 Solvay SA
            • Exhibit 88: Solvay SA - Overview
            • Exhibit 89: Solvay SA - Business segments
            • Exhibit 90: Solvay SA – Key news
            • Exhibit 91: Solvay SA - Key offerings
            • Exhibit 92: Solvay SA - Segment focus
          • 11.12 Umicore
            • Exhibit 93: Umicore - Overview
            • Exhibit 94: Umicore - Product and service
            • Exhibit 95: Umicore - Key offerings
            • Exhibit 96: Umicore – Key news
            • Exhibit 97: Umicore - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 98: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 99: Research Methodology
              • Exhibit 100: Validation techniques employed for market sizing
              • Exhibit 101: Information sources
            • 12.4 List of abbreviations
              • Exhibit 102: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Automotive Catalyst market growth will increase by $1701.35 million during 2021-2025.
            The automotive catalyst market is expected to grow at a CAGR of 2.39% during 2021-2025.
            Technavio has segmented the automotive catalyst market by product (Palladium, Platinum, Rhodium, and Others) ,application (Light-duty vehicle and Heavy-duty vehicle) , and geographic (APAC, Europe, North America, South America, and MEA).
            BASF SE, CDTi Advanced Materials Inc., Clariant International Ltd., Corning Inc., Cummins Inc., Ibiden Co. Ltd., Johnson Matthey Plc, Royal Dutch Shell Plc, Solvay SA, Umicore are a few of the key vendors in the automotive catalyst market.
            APAC will register the highest growth rate of 62.72% among the other regions. Therefore, the automotive catalyst market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • China
            • US
            • Japan
            • Germany
            • Canada
            • UK
            The key factors driving the automotive catalyst market growth are:
            • Increasing vehicle production
            • Recycling automotive catalyst s
            The automotive catalyst market vendors should focus on grabbing business opportunities from the palladium segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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