Pune, India -- (SBWIRE) -- 04/13/2019 -- Our latest research report entitled Auto Catalyst Market (by the application (HDV, LDV-gasoline and LDV-diesel)) Industry Analysis, Trends, Size, Share, Forecasts to 2024, provides complete and deep insights into the market dynamics and growth of Auto Catalyst. Latest information on market risks, industry chain structure Auto Catalyst cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Auto Catalyst growth factors.

The forecast Auto Catalyst Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Auto Catalyst on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global auto catalyst market is projected to grow at a CAGR of 3.4% over the forecast period of 2018-2024.

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Auto Catalyst Market: Industry Insights

Auto catalysts are chemical substances that are used in automotive emission system which is usually made from ceramic or metal. Auto catalyst molecules speed up the reactions by which they are formed. Essential constituents of automotive catalysts are palladium, Platinum, and rhodium. Auto catalyst converts harmful compounds such as carbon monoxide, hydrocarbons, and nitrogen oxides into less harmful compounds like water vapor and carbon dioxide.

Auto Catalyst Market: Drivers and Restraints

Stringent government regulations regarding emissions from vehicles drive the demand for auto catalysts over the upcoming years. Growing urbanization and industrialization, as well as population, is coupled with increasing demand for vehicles. More than 60 percent of the air pollution is caused by harmful compounds contained by the vehicular exhaust. These vehicular exhaust emissions are legislated by law, and it can be decreased by fitting catalytic converters to the exhaust gas system. Auto catalysts convert over 90% of these harmful compounds into less harmful compounds like carbon dioxide. These factors contribute to the growth of the auto catalyst market. Development in advanced auto catalysts for gasoline and diesel cars and heavy trucks provide beneficial opportunities for the auto catalyst market.

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Auto Catalyst Market: Segmentation

The global auto catalyst market categorized into segments such as application. On the basis of application, the global auto catalyst market is segmented into HDV, LDV-gasoline, and LDV-diesel. Heavy-duty vehicles and Light-duty vehicles are the largest consumers of auto catalysts Light-duty vehicles governed by less strict emission standards by heavy-duty vehicles.

Auto Catalyst Market: Regional Insights

Geographically, Asia Pacific dominates the auto catalyst market. Growing population, growing development in the automotive industry, rising urbanization and industrialization, the increase in the use of motor vehicles contribute to the growth of the auto catalyst market in the region. In Indian urban settlements, vehicular exhaust emission contributes to more than 60 percent to the air pollution. Further, the government's increasingly stricter emissions standards in Japan drives the growth of auto catalyst market in the Asia Pacific region. Europe, North America, and Japan are most developed markets with the highest ownership of vehicles per capita and emissions standards are tightest in these regions that in turn fuel the growth of auto catalyst market.

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Auto Catalyst Market: Competitive Analysis

The prominent players in the auto catalyst market are CL International, Inc., Cataler Corporation, Tenneco, Inc, Klarius Products Limited, MagnaFlow, Cummins Emission Solutions, Inc., Magneti Marelli S.p.A, Ibiden Co., Ltd., Umicore S.A., and Solvay S.A.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Auto Catalyst.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.