Saudi Arabia Automotive Catalyst Market Outlook

the ongoing demand of automotive catalysts in the saudi arabia market is highly attributable to various stringent government regulations. the increasing stringency of emission standards set by the government to limit the release of hazardous air pollutants including carbon monoxide, nitrogen oxide, and hydrocarbons have created an increased demand for catalytic converters in the saudi automotive market. additionally, the region's government has also implemented various incentivization schemes to promote clean and energy efficient vehicle technologies which have served to bolster the demand for automotive catalysts in the kingdom. in 2018, saudi arabia surpassed the values of sales and production of catalytic converters in the middle east & north africa (mena) region, owing to the presence of numerous auto manufacturers in the country. saudi arabia is making a number of policy directions and investments in order to shift towards electric vehicles in an effort to reduce the environmental impact of transportation. this in turn is expected to spur the demand of catalyst technologies that will facilitate a smooth transition to clean vehicles. furthermore, the country has also implemented regulations to reduce the hazardous emission of vehicles in order to improve the air quality of the country, specifically in densely populated areas. the government is also keen to develop domestic production facilities to meet the growing demand of automotive catalysts in this region. this has further stimulated the market with key players such as umicore n.v., raj engines ltd., and others expanding their production capacities in saudi arabia. on the other hand, considerable investments from china as well as other multinational companies will bring innovations that will further make catalytic converters more efficient, thereby leading to an increased demand for automotive catalysts from 2018 to 2032. in conclusion, the increasing demand for catalytic converters in saudi arabia will significantly benefit the growth of the saudi arabia automotive catalyst market over the forecast period from 2018 to 2032. the growing consumption of electric vehicles in the country, increasing investments from china, and the presence of numerous auto manufacturers in the kingdom are some of the primary reasons that will drive this growth.