| Product Code: ETC4478425 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive catalyst market import shipment demonstrated a robust growth trend with a notable CAGR from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024, indicating a temporary slowdown in market expansion. Overall, the market exhibited strong momentum during the period despite the minor setback in the last year.
The automotive catalyst market in India plays a pivotal role in reducing vehicle emissions and complying with stricter emission standards. With the increasing number of vehicles on the road, there is a growing demand for catalytic converters and related technologies. This market is integral to India efforts to reduce air pollution and combat climate change.
The India automotive catalyst market is primarily influenced by the government`s efforts to reduce vehicular emissions and combat air pollution. Stringent emission norms have led to increased adoption of catalytic converters in vehicles. The growing automotive industry and the shift toward cleaner and greener technologies are driving the demand for automotive catalysts. The market is also evolving to incorporate more efficient and eco-friendly catalyst materials to meet regulatory requirements.
The automotive catalyst market in India faces challenges associated with stringent emission standards and the increasing demand for electric vehicles (EVs). As emission standards become more stringent, catalyst manufacturers must continually innovate to develop efficient and cost-effective solutions. Additionally, the growing popularity of EVs poses a challenge, as the demand for traditional automotive catalysts may decline in the long term. Market players need to diversify their offerings to cater to both traditional internal combustion engine vehicles and emerging electric vehicle markets.
The India automotive catalyst market faced challenges due to the economic slowdown and reduced automotive production during the pandemic. With people staying home and reduced mobility, the demand for new vehicles declined. The market also encountered supply chain disruptions, affecting the production of catalytic converters. As the automotive sector rebounds and shifts toward cleaner and greener technologies, the automotive catalyst market is expected to recover with a renewed focus on emission control.
Major players in the India automotive catalyst market comprise companies such as BASF India, Johnson Matthey, Haldor Topsoe, Corning Technologies India Pvt. Ltd, and Umicore. These companies specialize in manufacturing catalytic converters and emission control solutions for the automotive industry, complying with stringent environmental regulations.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Catalyst Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Catalyst Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Catalyst Market - Industry Life Cycle |
3.4 India Automotive Catalyst Market - Porter's Five Forces |
3.5 India Automotive Catalyst Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Automotive Catalyst Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 India Automotive Catalyst Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent emission regulations in India promoting the adoption of automotive catalysts. |
4.2.2 Rising awareness regarding environmental conservation and the need for cleaner vehicles. |
4.2.3 Increasing automobile production and sales in India, leading to higher demand for automotive catalysts. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of precious metals used in automotive catalysts, impacting the overall cost of production. |
4.3.2 Technological advancements leading to the development of alternative propulsion systems reducing the dependency on traditional catalysts. |
5 India Automotive Catalyst Market Trends |
6 India Automotive Catalyst Market, By Types |
6.1 India Automotive Catalyst Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Catalyst Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Automotive Catalyst Market Revenues & Volume, By Platinum, 2021-2031F |
6.1.4 India Automotive Catalyst Market Revenues & Volume, By Palladium , 2021-2031F |
6.1.5 India Automotive Catalyst Market Revenues & Volume, By Rhodium, 2021-2031F |
6.2 India Automotive Catalyst Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Catalyst Market Revenues & Volume, By Light-Duty Vehicles, 2021-2031F |
6.2.3 India Automotive Catalyst Market Revenues & Volume, By Heavy-Duty Vehicles, 2021-2031F |
7 India Automotive Catalyst Market Import-Export Trade Statistics |
7.1 India Automotive Catalyst Market Export to Major Countries |
7.2 India Automotive Catalyst Market Imports from Major Countries |
8 India Automotive Catalyst Market Key Performance Indicators |
8.1 Adoption rate of Bharat Stage VI emission standards in the Indian automotive industry. |
8.2 Number of new vehicle models integrating advanced catalytic converter technologies. |
8.3 Government investments in infrastructure supporting the automotive catalyst industry. |
8.4 Growth rate of the Indian automotive sector and its correlation with the demand for catalysts. |
8.5 Percentage of vehicles retrofitted with catalysts to comply with emission standards. |
9 India Automotive Catalyst Market - Opportunity Assessment |
9.1 India Automotive Catalyst Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Automotive Catalyst Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 India Automotive Catalyst Market - Competitive Landscape |
10.1 India Automotive Catalyst Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Catalyst Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |