Japan Automotive Catalyst Market Outlook

japan has been known for its automotive sector and its advancements. this is seen from the continuous development of automotive catalysts and the ever-growing demand for them as the automotive market in japan is growing rapidly. the following article will look at the demand of japanese automotive catalyst market outlook from 2018 to 2032. the japanese automotive industry is in a growth period, with annual vehicle production forecast to exceed 6 million units in 2018. the increasing demand for vehicles has also generated a need for higher emission standards and cleaner combustion technology. as such, japanese automakers are ramping up the usage of automotive catalysts, whereby the palladium and rhodium contents used in production are increasing every year. the increasing demand for clean combustion technology is also reflected in the extension of theasian government' s "reformulation of atmospheric pollutants (chikoku)' regulation in 2015, along with the adoption of the "strong regulation of vocs" in 2016, both of which require heavier usage of automotive catalysts. in addition, japan’s strong compliance with regulations from the international level, such as euro vi and us epa tier 3, are expected to drive demand for automotive catalysts. furthermore, the application of automotive catalysts in other regions is expected to further drive the demand for these materials in the japanese automotive sector. japan is currently the global leader in automotive catalyst production, accounting for almost 40% of the world’s production volume, and the japanese automotive industry is expected to continue to lead the world in automotive catalyst usage. this is largely due to the country's stringent emissions regulations, as well as the high level of automotive demand. from 2018 to 2032, the demand for automotive catalysts in japan is expected to increase steadily as the share of new vehicle sales is expected to exceed 25%. additionally, the adoption of stricter international emission standards, such as euro 6d-temp, is also expected to strengthen the demand for automotive catalysts in the japanese market over the next few years. looking for the future, the further adoption of clean combustion technology and the strong compliance with international emission standards will continue to drive the demand for automotive catalysts in the japanese automotive sector. this, in turn, is expected to create new opportunities for automotive catalyst manufacturers in the country in the coming years.