Lewes, DE -- (SBWIRE) -- 01/09/2018 -- Report forecast the global automotive catalyst market to grow at a CAGR of 3.47% during the period 2017-2021.

Automotive catalysts are materials that are used in automobiles to reduce the emission of harmful gases such as sulfur oxides, nitrogen oxides, and carbon monoxide into the environment. Platinum, palladium, and rhodium are widely used automotive catalysts. These are used in both light-duty vehicles (vehicle with weight less than 4,500 kg) and heavy-duty vehicles (vehicle with weight more than 4,500 kg).

The report covers the present scenario and the growth prospects of the global automotive catalyst market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is 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.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuation in raw material prices. Metal prices are subject to fluctuation. As South Africa is the major revenue contributor to the global platinum group metals market, the Rand to the US dollar exchange plays an important role in this market's dynamics. A rise in the value of Rand will affect the overall cost, thereby reducing profit margins of vendors.

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.

key players in the global automotive catalyst market: BASF, CATALER, Clariant, Johnson Matthey, and Umicore

Other Prominent Vendors in the market are: Clean Diesel Technologies, Corning, Cummins, DCL International, Faurecia, Heraeus Holding, IBIDEN, N.E CHEMCAT, Sinocat Environmental Technology, Solvay, Tenneco, and Wuxi Weifu International Trade.

Market driver
- Rising demand for automotive catalysts due to environmental concerns
- For a full, detailed list, view our report

Market challenge
- Fluctuation in raw material prices
- For a full, detailed list, view our report

Market trend
- Investment in R&D for increasing catalyst lifespan
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 87 pages "Global Automotive Catalyst Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by product type, Market segmentation by application, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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