Market Overview
• Automotive catalysts have been used to reduce atmospheric emissions, due to significant parcels of the global emissions of pollutants agents provoked by vehicles. The development of catalysts only was possible with the improvement in automotive engines as the replacement of carburetion system for electronic injection and introduction of the catalyst in the exhaust systems.
• These were introduced in the 70’s decade, because some countries established restricting laws related to emissions of carbon monoxide (CO), nitrogen oxides (NOx) and hydrocarbons (HC) by the engines. These products generated by the combustion process are extremely harmful to health and the environment. For example, CO combined with hemoglobin in the bloodstream promotes the reduction of oxygen-active sites that provokes asphyxia.
• The global Automotive Catalyst market size was worth USD XX million in 2019 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period.

Market Dynamics
• Government initiatives for reduction of emission worldwide, rise in production of automobile and increasing adoption of nanotechnology in catalytic converters are the major drivers impacting the market growth.
• Government initiatives for reduction of emission worldwide is the major driver for the growth of the market. To meet the stringent regulations set by the government, automobile manufacturers are focusing to produce vehicles with emission control technologies. For instance, In India, Mahindra Cars has announced in July 2019 that Mahindra Alturas SUV Will Soon Get A BS6-Ready Engine. The Alturas’ diesel powertrain, which is currently BS4-compliant, can be easily calibrated to meet the upcoming BS6 emission norms.
• The governments of developed countries have established emission control standards to control release of pollutant from vehicles into the atmosphere. For instance, Euro 6, European emission standards is a European government initiative for emission control in the European region. Governments are taking stringent actions worldwide, if emissions rules are not followed by the automobile companies.

Market Segmentation
• By engine type, the Automotive Catalyst market is segmented into gasoline and diesel. Diesel segment is further divided into diesel oxidation catalyst (DOC), diesel particulate filter (DPF) and selective catalytic reduction (SCR). Increasing adoption of gasoline-powered passenger cars and light commercial vehicles is the major driving factor for the market growth. There is a steady increase in world production of vehicles powered by gasoline leading to constant research in order to improve the catalysts already known and to develop new models.
• By vehicle type, the Automotive Catalyst market is segmented into passenger vehicle, and commercial vehicle. In order to reduce the emissions of HC, CO and NOx in vehicle exhaust three-way catalytic converters have widely been implemented in automotive engines during recent years. Technologies developed for passenger cars may gradually translate to heavy-duty on-road vehicles and off-road vehicles.
• By metal type, the Automotive Catalyst market is segmented into platinum, palladium and rhodium.

Geographical Analysis
• North America is dominating the global automotive catalyst market in 2018 and estimated to hold largest market size over the forecast period 2019-2026. Emission control regulations by government and increase in automobile production are the major factors for the market growth in North America. In the United States, emissions standards are managed nationally by the Environmental Protection Agency (EPA). State and local governments may apply for waivers to enact stricter regulations.
• Asia Pacific is expected to grow with high CAGR in the estimated period. Automobile manufacturing is increasing year on year basis which place a vital role for the market growth especially in China and India. For instance, as per China Association of Automobile Manufacturers China manufactured 28.12 million and sold 28.03 million cars in 2016, up 14.5 percent and 13.7 percent respectively, the eighth year in row of being the world's largest automobile market.

Company Profiles
• Some of the major players include
• CDTi Advanced Materials, Inc
• Ecocat India Pvt. Ltd,
• Tenneco Inc,
• Johnson Matthey,
• Others

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