尾气处理催化剂行业市场运行态势：环保法规趋严，规模达242.06亿元

Core Insights - The Chinese exhaust catalyst market has been dominated by foreign giants like BASF, Johnson Matthey, and Umicore due to high technical barriers and its primary application in vehicle exhaust treatment [1][11][27] - The introduction of the National VI emission standards has marked a significant upgrade in China's emission regulations, making them among the strictest globally, and has led to a narrowing technology gap between domestic and foreign catalyst manufacturers [1][11][27] - The market for exhaust treatment catalysts in China is projected to grow from CNY 14.702 billion in 2017 to CNY 22.999 billion by 2024, with a compound annual growth rate (CAGR) of 6.6% [1][12][28] - Future growth is expected to be driven by the upcoming "National VII" standards, the rise of new energy vehicles, and stricter regulations on non-road machinery emissions [1][12][28] Industry Overview - Exhaust treatment catalysts are chemical agents used to convert harmful substances in internal combustion engine exhaust into less harmful or harmless substances, thereby reducing pollution and protecting the environment [2][18] - The catalyst consists of a coating that facilitates chemical reactions to eliminate harmful substances and a carrier that provides a reaction site, typically made from ceramic or metal [3][19] Industry Chain - The upstream of the exhaust catalyst industry chain includes raw materials and equipment such as precious metals, rare earth elements, and chemical raw materials [8][24] - The midstream involves the production and manufacturing of exhaust treatment catalysts, while the downstream includes applications in vehicles and industrial engines [8][24] Market Demand and Trends - The demand for exhaust treatment catalysts is increasing due to the continuous improvement of environmental regulations and rising automotive emission standards [1][12][28] - The automotive industry is the primary application area for exhaust catalysts, which are essential for meeting stringent emission regulations and ensuring cleaner, low-carbon vehicle operation [10][26] - China's automotive production is expected to rise from 26.082 million units in 2021 to 34.531 million units by 2025, contributing to stable demand for exhaust treatment catalysts [10][26]