Automotive Catalyst Market to Perceive
Substantial Growth During 2022
BusinessIndustryReports.com has new report on "Global
Automotive Catalyst Market 2018". Global Market for Automotive
Catalyst to 2022 offers detailed coverage of Automotive Catalyst
industry and presents main market trends. The market research
gives historical and forecast market size, demand and production
forecasts, end-use demand details, price trends, and company
shares of the leading Automotive Catalyst producers to provide
exhaustive coverage of the vanadium.
Global
Automotive
Overview:
Catalyst
Market
The Global Automotive Catalyst Market to reach 11820
million $ by 2022. Global Automotive Catalyst Market
valued approximately from 9096 million $ in 2014 to
10170 million $ in 2017 is anticipated to grow with a
healthy growth rate of more than 3.79% over the
forecast period 2018-2022.
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The Global Automotive Catalyst market also covers segment data included: Product type, Vehicle
type and region. Basis of the Product type market is further sub segmented by Two Way Catalyst
and Three Way Catalyst.
Based on Vehicle type automotive catalysts are used in vehicles, such as light-duty vehicles and
heavy-duty vehicles. The light-duty vehicle segment is the largest type application segment of the
automotive catalyst market. There has been considerable rise in the fuel economy standards
implemented for light-duty vehicles during the past 10 years. This factor has led to greater use of
automotive catalysts in this segment. Based on type, the palladium segment is estimated to
account for the largest share of the automotive catalyst market in 2018. Other factors driving the
light-duty vehicles segment include the increasing demand for automotive vehicles in emerging
economies. The use of palladium as an automotive catalyst has grown in importance in recent
years driven by factors, such as increase in automotive sales and growing regulations for
emissions.
On the basis of Region, The Automotive Catalyst APAC is estimated to be the largest market for
automotive catalysts in 2018 in terms of volume. It is also expected to continue to be the largest
market by 2022, as growing awareness about automotive catalysts is expected to drive the
automotive catalyst market during the forecast period. The automotive catalyst market in the
APAC region is projected to grow at the highest CAGR between 2018 and 2022, in terms of value
and volume. The increasing demand for vehicles in the Asia Pacific region is anticipated to drive
the automotive catalyst market. Greater stress on low vehicle emissions as well as a rise in
disposable incomes of consumers is expected to drive the automotive catalyst market during the
forecast period.