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The latest report by IMARC Group, titled “Autocatalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global autocatalyst market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global autocatalyst market size reached US$ 12.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2027, exhibiting a growth rate (CAGR) of 3.8% during 2022-2027. An autocatalyst refers to an elliptical cross-section component that is mounted inside the steel canister available in the automobile’s exhausts to convert toxic pollutants into harmless gasses. It is produced by formulating metals and ceramics into the fine honeycomb and coated with a blend of platinum, palladium, and rhodium chemical solution. At present, autocatalyst is commercially available in varying types, such as two-way, three-way, and four-way.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The increasing utilization of nanotechnology for deploying expensive metals efficiently for its renewable energy capturing and battery storage properties is one of the key factors driving the global autocatalyst market growth. Additionally, the numerous initiatives undertaken by the governments of various nations for curbing automobile-generated carbon dioxide (CO2) emissions, hydrocarbon (CnH2n+2), nitrogen oxide (N), carbon monoxide (CO), and pollutants are contributing to the market growth. Other factors, such as the rapid expansion of the automotive sector and the rising investments in new technologies for introducing advanced autocatalysts, are creating a positive outlook for the market.
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/autocatalyst-market
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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