ReportsnReports.com adds report Global Automotive Catalyst Market 2014-2018 to its store.Global Automotive Catalyst market to grow at a CAGR of 11.62 percent over the period 2013-2018. One of the key factors contributing to this market growth 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 a high demand for catalysts that are used in catalytic converters in vehicles to reduce emissions. The Global Automotive Catalyst market has also been witnessing the increasing focus on bringing new innovative products and technology to the market place. However, the volatility of the raw material prices, which in turn results in the rise of finished product prices, could pose a challenge to the growth of this market.
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.
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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.Global Automotive Catalyst Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and EMEA regions, and the Americas; it also covers the Global Automotive Catalyst market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this space are BASF SE, Catalar Corp., Johnson Matthey plc, and Umicore S.A.
Other vendors mentioned in the report are Catalytic Solutions Inc., Clean Diesel Technologies Inc., DCL International Inc., HaldorTopsoe A/S, Nanox Inc., and N.E. Chemcat Corp.
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Key questions answered in this report:
- What will the market size be in 2018 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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