GCC Automotive Catalyst Market Outlook

the gcc automotive catalyst market is estimated to witness revised growth prospects in 2018. owing to rising focus of countries such as saudi arabia, the uae and others towards fuel efficiency regulations, automotive manufacturers are striving to match the requirements. this has further put demand pressure on the market for automotive catalysts. in line with the increasing demand, gcc automotive catalysts market participants are innovating their product offerings to accommodate stringent environmental regulations. the application of catalytic converters significantly reduce economies’ dependency on fuel and helps in reducing harmful emissions. technological advancements in the catalytic converters are enabling major participants to produce highly effective catalytic converters, thereby, enhancing the automotive industry’s adoption potential. with the authoritarian regulatory environment in the region, emission regulations have become one of the important drivers for growth of the automotive catalyst market. gcc countries are not only adopting stringent emission regulations but also implementing clean vehicle programs. these initiatives are encouraging the adoption of tunable catalyst technology that complements multiple fuels usage. in order to target improved engine performance, automakers are employing the twin catalyst technology that can be successfully implemented with the deployed engine-tuning software. further, the usage of three-way catalyst along with an electronic control system are also gaining popularity for reducing pollutant emissions. in addition to this, catalytic converters are also gaining traction in the gcc market. for instance, asean countries are expecting to introduce catalytic converters on heavy commercial vehicles by the end of 2018. the region is expected to embrace the technology as efforts are being made to reduce geographical differences between the implementation of emission regulations. finally, major automobile players are assessing the scope for improving emissions by the usage of innovative catalysts. companies such as johnson matthey, basinger, glaverbel, and umicore providing an efficient technological platform for the manufacture of automotive catalysts. this holds the potential to revolutionize the performance of the vehicles. thus, these developments are expected to drive the demand for the automotive catalyst market in gcc.