Research and Markets: Global Automotive Catalyst Market 2014-2018: Market Witnessing Surge in Innovative Products and Technology

Fri Jan 24, 2014 4:53am EST

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Research and Markets: Global Automotive Catalyst Market 2014-2018: Market Witnessing Surge in Innovative Products and Technology

Research and Markets (http://www.researchandmarkets.com/research/276klc/global_automotive) has announced the addition of the "Global Automotive Catalyst Market 2014-2018" report to their offering.

The analysts forecast the 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.

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.

Commenting on the report, an analyst from the team said: 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.

For more information visit http://www.researchandmarkets.com/research/276klc/global_automotive

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Sector: Automotive

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