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Home>Global Automotive Catalyst Market 2017-2021: Analysis By Product Type & Application - Research and Markets

Global Automotive Catalyst Market 2017-2021: Analysis By Product Type & Application - Research and Markets

Global Automotive Catalyst Market 2017-2021: Analysis By Product Type & Application - Research and Markets

10/06/2017

Global Automotive Catalyst Market 2017-2021: Analysis By Product Type & Application - Research and Markets

The "Global Automotive Catalyst Market 2017-2021" report has been added to Research and Markets' offering.

The report forecasts the global automotive catalyst market to grow at a CAGR of 3.47% during the period 2017-2021.

The report, Global Automotive Catalyst Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the investment in R&D for increasing catalyst lifespan. Platinum is generally used as an automotive catalyst for cleaning automobile exhaust emission. When the catalyst is under the exposure of high temperature, metal nanoparticles agglomerate and sinter. This decreases catalytic surface area and reduces the catalytic activity. Thus, sintering and dispersion of precious metals are challenges for platinum-based automotive catalysts.

According to the report, one of the major drivers for this market is the rising demand for automotive catalysts due to environmental concerns. Automotive catalysts convert harmful exhaust gases such as NOX, hydrocarbons, CO, and other particulate matter into non-toxic chemicals such as nitrogen, carbon dioxide, and water. In every country, the government is becoming strict to reduce the amount of carbon emission. The US and countries in Europe have already started to impose taxes on carbon emission to reduce the environmental pollution.

Key vendors

  • BASF
  • Cataler
  • Clariant
  • Johnson Matthey
  • Umicore

Other prominent vendors

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