The global autocatalyst market 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 autocatalyst 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 autocatalyst 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 autocatalyst market.
Access Full research report on Autocatalyst Market analysis
http://www.grandviewresearch.com/industry-analysis/auto-catalyst-market
U.S. autocatalyst market volume by application, 2014 – 2025 (Thousand Units)
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 autocatalyst 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.
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/automotive-and-transportation
Global autocatalyst market volume by region, 2016 (%)
Grand View Research has segmented the global autocatalyst market on the basis of application and region:
Application Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 – 2025)
-
LDV-Diesel
-
LDV-Gasoline
-
HDV
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
Access press release by Grand View Research : https://www.grandviewresearch.com/press-release/auto-catalyst-market
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.
For more information: http://www.grandviewresearch.com
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: sales@grandviewresearch.com
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/auto-catalyst-market