Abstract
Globally, vehicle emission legislations are tightening and this has a major
impact on the growth of automotive catalyst market that has shown relatively
slow growth in the last few years. However, the market for automotive
catalysts should start to grow fast as vehicle emission regulations have
already been implemented for all heavy duty diesel (HDD) vehicles in Europe in
October 2006 and in the United States in January 2007.
The automotive
catalyst market that remained almost non-existent in 2005 is expected to grow
into a billion dollar market by 2010 because of the new legislation for heavy
duty diesel engines. The market is likely to get a further fillip by 2011 when
legislation for off-road or non-road diesel (NRD) engines is also going to be
implemented. NRD engine legislation will require various industries like
construction, agriculture and mining to adhere to the same emission standards
as HDD vehicles.
Players like Johnson Matthey, Umicore and Engelhard
(acquired by BASF) are going to take a major share of the automotive catalyst
market. While Johnson Matthey is likely to be the leader in the automotive
catalyst market, Umicore has strategically positioned itself in the HDD
vehicle market by acquiring the automotive catalyst division of Delphi.
The
report is a study of the impact of emission regulations on the HDD engine
market and the growth of automotive catalyst market. It studies the growth of
HDD and NRD market on the back of the implementation of emission standards in
the European Union and the United States. It analyses the technological
development in diesel engines and the growth of HDD vehicle market in
different geographies. Further, the report assesses the positioning and
business strategies of the leading players in the automotive catalyst market
-- Johnson Matthey, Umicore and Engelhard.
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