Automotive catalysts are widely used to curb the emission of toxic gases such as carbon monoxide, hydrocarbons, and nitrogen oxides. These catalysts convert the toxic gases released from automotive exhaust systems into water and less harmful gases such carbon dioxide and nitrogen by oxidation and reduction methods. Platinum, rhodium, and palladium are among some of the expensive metals used as automotive catalysts. Rising environmental pollution levels, increasing focus of automobile OEMs (original equipment manufacturers) on adopting advanced emission control technologies, and stringent government regulations for carbon emission control are the key factors propelling revenue growth of the global automotive catalyst market during the forecast period.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global automotive catalyst market according to Product Type, Raw Materials, Engine Type, Application, and Region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Raw Materials type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Engine Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
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