COVID-19 market impact analysis anticipates Negative and Inferior growth for the automotive catalyst market, while 60% of the market’s growth will originate from APAC during the forecast period, according to Technavio report Global automotive catalyst market with COVID-19 analysis.
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Technavio has announced its latest market research report titled Global Automotive Catalyst Market 2020-2024 (Graphic: Business Wire)
The rising demand for platinum group metals (PGMs) is one of the key factors that will drive automotive catalyst market growth. PGMs such as rhodium, platinum, and palladium are used as automotive catalysts. These metals are extensively used in automotive components such as airbag initiators, spark plugs, and antilock braking systems. They help in the reduction of emission of various hazardous gases such as carbon dioxide, carbon monoxide, and oxides of nitrogen from vehicles. The increasing stringency of regulations and the rising production of fuel-efficient and environment-friendly vehicles will drive the need for platinum group metals to build automotive catalysts owing to the increasing vehicle production. Furthermore, this industry research report also presents a competitive analysis of the market by product (palladium, platinum, rhodium, and others), application (light-duty vehicle and heavy-duty vehicle), and geography (APAC, Europe, North America, South America, and MEA).
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Competitive vendor landscape
The global automotive catalyst market is highly competitive with major vendors such as 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., competing based on price, quality, and market presence.
“Apart from the rising demand for PGMs, the stringent government regulations is other major factor that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Top Five Automotive Catalyst Market Vendors
BASF SE operates its business under various segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and other. The company offers automotive catalysts that are also known as precious metals. These precious metals are platinum group metals used in industrial applications.
CDTi Advanced Materials Inc.
CDTi Advanced Materials Inc. operates its business under a unified segment. The company offers diesel catalysts and 3-way catalysts that are used on- and off-road engine applications.
Clariant International Ltd.
Clariant International Ltd. has business operations under various segments, namely care chemicals, catalysis, and natural resources. The company offers automotive catalysts under the registered name ENVICAT for air and gas purification.
Corning Inc. operates its business under six segments, which include display technologies, optical communications, specialty materials, environmental technologies, life sciences, and all others. The company offers emission control catalysts for all fuel types as well as small ceramic catalytic converters for use close to the engine, where it reduces cold-start emissions.
Cummins Inc. operates its businesses under segments: engine, distribution, components, power systems, and new power. The company is one of the leaders in emission control catalysts for light- and heavy-duty vehicles for all fuel types.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Custom Reports with Industry & COVID-19 Analysis
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Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Palladium – Market size and forecast 2019-2024
- Platinum – Market size and forecast 2019-2024
- Rhodium – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Light-duty vehicle – Market size and forecast 2019-2024
- Heavy-duty vehicle – Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Competitive scenario
- Vendors covered
- Market positioning of vendors
- 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
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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