Reportstack has announced a new market research publication on Global Automotive Catalyst Market 2014-2018. The following companies are the key players in the Global Automotive Catalyst Market: BASF SE, Catalar Corp., Johnson Matthey plc, and Umicore S.A. “Since the Global Automotive Catalyst market is a highly competitive market, manufacturers are creating new and innovative catalysts and exploring potential markets to increase their revenue. The market is witnessing increased investment in R&D for the development of innovative products and services. Additionally, leading vendors in the market are entering into strategic partnerships to address issues related to the life-cycle, selectivity, and recyclability of catalysts. These manufacturers are increasingly dedicating large resources for designing and developing new catalysts and related technologies. New high-performance catalysts which offer improved selectivity, longer run-cycles, and other characteristics are expected to be introduced in the market in the near future.”
According to the report, one of the major drivers of this market is the increasing demand for clean fuels. The Automotive industry is growing at a rapid pace, and an increasing number of stringent regulations are coming into effect. This has resulted in high demand for catalysts that are used in catalytic converters in vehicles to reduce emissions.
Further, the report states that one of the major challenges faced by this market is the volatility of the raw material prices, which in turn results in an increase in the finished product prices. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/148232/global-automotive-catalyst-market-2014-2018.html.