Automotive Vehicle Oxidation Catalyst Market – Global Industry Analysis and Forecast 2023-2029

The vehicle oxidation catalyst is utilized to convert both CO and hydrocarbons to carbon dioxide and water vapor with low to high exhaust gas temperature. Platinum group metals such as platinum, palladium, and rhodium are majorly used as a catalyst to control the emission. The catalytic converter is integrated into ignition system, combustion chambers and intake manifolds, which is utilized to control the emission of hazardous gases from the vehicles and boost the fuel economy of vehicles.