Automobile Exhaust Catalyst Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 15.2 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The global automobile exhaust catalyst market was valued at approximately USD 12.8 billion in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030, driven by increasing stringency in emission regulations and a rising focus on reducing vehicle emissions. The demand for automobile exhaust catalysts is significantly influenced by the automotive industry's shift towards more environmentally friendly technologies, including hybrid and electric vehicles, which contribute to a robust growth trajectory for the market. As such, the market is projected to reach around USD 21.3 billion by the end of the forecast period.
Opportunities in the market are emerging due to advancements in catalyst technologies and the growing adoption of innovative materials to enhance catalyst performance. With the expansion of automotive production in developing regions and the implementation of stringent environmental regulations, there is a substantial opportunity for market players to capitalize on. Additionally, the rise in aftermarket services for vehicle maintenance and the increasing penetration of advanced emission control technologies present further growth prospects. Emerging markets in Asia-Pacific and Latin America are expected to experience significant growth due to the rapid industrialization and urbanization, further contributing to the overall expansion of the automobile exhaust catalyst market.
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BASF
Johnson Matthey
Umicore
Cataler
CDTI
Weifu Group
Sino-Platinum
Chongqing Hiter
Sinocat
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automobile Exhaust Catalyst Market
Light Duty Gasoline Vehicle
Light Duty Diesel Vehicle
Hybrid Vehicle
Heavy Duty Diesel Vehicle
Others
Based on Types the Market is categorized into Below types that held the largest Automobile Exhaust Catalyst market share In 2023.
Three-way Catalyst (TWC)
Four-Way Catalyst (4WC)
Diesel Oxidation Catalyst (DOC)
Selective Catalytic Reduction (SCR) Catalyst
Diesel Particulate Filter (DPF) Catalyst
Ammonia Slip Catalyst (ASC)
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automobile Exhaust Catalyst Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automobile Exhaust Catalyst Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automobile Exhaust Catalyst Market, By Type
6. Global Automobile Exhaust Catalyst Market, By Application
7. Global Automobile Exhaust Catalyst Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automobile Exhaust Catalyst Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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