China Automotive Catalyst Market Outlook

china is one of the leading world automotive markets and the increased demand for cars has resulted in the growth of the automotive catalyst market in the country. automotive catalysts are important components of emissions control systems in automobiles, in order to reduce pollutants like carbon monoxide and hydrocarbons. growing demand for cars has led to increased focus on environmental protection in china. this is set to be a major driver for increased automotive catalyst demand in china over the next decade. as the chinese government continues to introduce stricter emission regulations, it is expected that demand will increase even further. furthermore, the chinese automotive aftermarket is expected to witness healthy growth due to demand for automotive parts, including catalysts, increasing. this is attributed to the increased number of cars being used in the country, even as new vehicles sales are declining. vehicle owners tend to buy catalytic converters more for newly invented cars, rather than buying them through aftermarket. in addition, demand for electric vehicles that use advanced electric catalysts is expected to surge in the near future. this is due to the fact that chinese government is heavily promoting electric vehicles and is focusing on ramping up their production scale. this in turn, is projected to further push up the demand for automotive catalysts in china. in conclusion, the automotive catalyst market in china is expected to experience healthy growth over the next decade. this is attributed to an expected surge in demand for both traditional catalysts and electric catalysts. this in turn will be driven by increased focus on environmental protection, and promotion of electric vehicles in the country.