LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global automotive catalyst market report. This market research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global automobile catalyst market is concentrated because the major share of the market is captured by key vendors. The major strategy adopted by the companies are mergers and acquisitions and joint ventures.
Automotive catalyst companies are investing in R&D in order to meet the consumer demand and at the same time help automobile manufacturing companies to design and manufacture cars according to various government regulations. Major vendors are BASF, CATALER, Clariant, Johnson Matthey, and Umicore.
According to Mohd Shakeel Iqbal, a lead analyst at Technavio for specialty chemicals research, “Automotive catalysts convert harmful exhaust gases such as NOX, hydrocarbons, CO, and other particulate matter into non-toxic chemicals such as nitrogen, carbon dioxide, and water. The demand for the high-performance catalyst is increasing because the emission levels in various countries are changing, and governments are becoming stringent on new auto fuel policy. Policies of various countries are expected to match global standards such as Euro V and VI emission standards. In fact, the US and countries in Europe have already started to impose taxes on carbon emissions to reduce the environmental pollution.”
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio market research analysts identify the following key vendors:
BASF is a public company, and it operates through chemicals, performance products, functional materials and solutions, agricultural solutions, oil and gas, and others segments. Its end-users include automotive, construction, oil, plastics, and electronics, furniture, and paper industries. The company has been in automotive catalyst market for the last 36 years. It offers more than 300 million catalysts for automotive converters.
Johnson Matthey is a pioneer in the specialty chemicals business with a keen focus on developing sustainable technology solutions. It manufactures advanced products that cater to the environmental, automotive, oil and gas, chemical, pharmaceutical, and other industries. The company is engaged in the R&D of new diesel Cold Start Concept catalyst (dCSC). This catalyst absorbs NOX and hydrocarbons during the cold start period of vehicles and releases once the engine has warmed up.
CATALER is a private company that caters to both mobile and stationary emission control through platinum group metal solutions, materials for catalysts, and catalysts for multitude applications. Along with the wide range of catalysts, the company also offers activated carbon products for water treatment, gasoline evaporation, gas adsorption deodorizing, and dioxin adsorption applications.
Clariant is one of the major companies in the specialty chemicals segment. It operates through four business segments such as care chemicals, catalysis, natural resources, and plastics and coatings. It is functional in many industries such as automotive fluids, aviation, industrial, and home care. The company is involved in R&D for manufacturing automotive catalysts. It also produces products for the use of other alternative raw materials.
Umicore is focused on material technology and recycling. It has three focus business groups such as catalysis, energy and surface technologies, and recycling. The company offers automotive catalyst through its joint venture with NIPPON SHOKUBAI Platinum, palladium and rhodium are popular produced automotive catalysts by Umicore.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Browse Related Reports:
- Global Polyphenylene Oxide Market 2017-2021
- Global Glucaric Acid Market 2017-2021
- Global Glycolic Acid Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.