Automotive Catalyst Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 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. Market Segmentation: The global auto catalyst market is segmented into application and region. On the basis of the application, the market is segregated into light-duty vehicle diesel, light-duty vehicle gasoline, and heavy-duty vehicle. The market by region is segmented into Asia Pacific, North Ameri