Auto Catalyst Market Size to Reach Revenues of over by 2027
Market Overview: Auto catalysts are used in the automobile industry to convert the harmful emissions from vehicles into less toxic materials. It is extensively used in the exhaust systems of automobiles and can also be used in electrical generators mining equipment and fork lifts among others. The growth of automobile production across the globe is vitally affecting the growth of the auto catalyst market. The global auto catalyst market is being driven by growing number of automobiles throughout the globe. Moreover, it is estimated that the light-duty vehicle- diesel is set to witness the highest growth due to the growing consumption of the fuel-efficient diesel cars globally. Regional Analysis: The global auto catalyst market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at a considera