Auto Catalyst Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to auto catalyst market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Auto Catalyst Market News

in Auto Catalyst Market
  • A major market participant, Johnson Matthey, issued a statement announcing that it will be acquiring a smaller European entity that specialized in automotive catalyst material. The company aims to use the acquisition in order to have better knowledge on emission-reducing solutions in the heavy vehicle sector.
  • Tenneco Inc. has designed light weight catalyst systems that maximize fuel efficiency without sacrificing emission control. These are most suitable for hybrid and electric vehicles, where weight reduction is of the highest importance to performance and range maximization.
  • Umicore has expanded its recycling operations to recover precious metals from retired catalytic converters. This process not only provides a renewable source of material but also reduces the environmental footprint of new resource extraction, resulting in a circular economy for the automotive catalyst sector.

Top Player's Company Profiles

  • BASF SE (Germany) 
  • Johnson Matthey (UK) 
  • Umicore (Belgium) 
  • Corning Incorporated (US) 
  • Clariant AG (Switzerland) 
  • Cataler Corporation (Japan) 
  • Heraeus Holding (Germany) 
  • Cormetech Inc. (US) 
  • DCL International Inc. (Canada) 
  • Haldor Topsoe A/S (Denmark) 
  • Shell Global Solutions (Netherlands) 
  • Clean Diesel Technologies, Inc. (US) 
  • Hitachi Zosen Corporation (Japan)
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Global Auto Catalyst Market size was valued at USD 13.0 Billion in 2023 and is poised to grow from USD 13.6 Billion in 2024 to USD 20.8 Billion by 2032, growing at a CAGR of 5.40% in the forecast period (2025-2032).

Key players in the highly competitive auto catalyst industry concentrate on cost minimization, sustainability, and innovation. BASF introduced a tri-metal catalyst in 2024 to optimize the use of platinum-group metals while reducing costs. Johnson Matthey is developing catalyst recycling to recycle precious metals at a relatively affordable rate. Umicore is investing in nanotechnology-based catalysts to provide outstanding performance and longevity to meet evolving emissions regulations while staying profitable. 'BASF SE', 'Johnson Matthey', 'Umicore', 'Tenneco Inc.', 'Corning Incorporated', 'Clariant AG', 'Cataler Corporation', 'Heraeus Holding', 'Cormetech Inc.', 'DCL International Inc.', 'Ibiden Co., Ltd.', 'Haldor Topsoe A/S', 'Shell Global Solutions', 'Clean Diesel Technologies, Inc.', 'Hitachi Zosen Corporation'

Governmental push worldwide in forcing tighter emissions in a bid to cut down air pollution is powering the demand for high-performance motor vehicle catalysts. Cars, for instance, must produce lower emissions of NOx and CO₂ by the year 2025 in accordance with the Euro 7 European Union requirements. Automakers must utilize catalytic converters that are of higher efficiency to comply with this requirement, driving business growth and catalytic technological advances.

Shift Towards Recyclable and Sustainable Catalysts: The sustainable and recyclable catalysts are being used in the automotive catalyst industry more and more. The market of auto catalysts is using more sustainable and recyclable catalysts. The market is adjusting to industry environmental standards by reducing precious metal content and using recyclable material within catalysts. To recycle the platinum group metal, Umicore commissioned a high-grade catalyst recycling facility in 2024. It improved pollution control technology.

How Stricter Emission Laws Are Driving Auto Catalyst Growth in North America?

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Global Auto Catalyst Market
Auto Catalyst Market

Report ID: SQMIG15A2529

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