Automotive Catalytic Converter Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025
Global Automotive Catalytic Converter Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Automotive Catalytic Converter Market By Type, and Catalyst: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Automotive Catalytic Converter Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Catalytic converter is equipment that converts harmful elements into less harmful elements with the help of catalyst. Catalytic converter substantially removes some amount of harmful gases like hydrocarbon, carbon monoxide, nitrogen oxides and others. Catalytic converter uses catalyst in the form of metals includes rhodium, platinum and palladium to convert these harmful gases into water vapors.
This report provides a detailed analysis of automotive catalytic converter market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Stringent government regulations regarding emissions and fuel efficiency are major factors driving the growth of automotive catalytic converter. Vehicle production is increasing due to the factors like increased disposable income of individuals in emerging economies, rising urbanization globally, and demand for passenger vehicles.
However, growing demand for electric vehicles shared mobility and improved public transport globally expected to influence the demand for catalytic converters in the long term.
Global Automotive Catalytic Converter market is majorly segmented on the basis of Type (Two-Way Oxidation Catalytic Converter, Three-Way Oxidation-Reduction Catalytic Converter and Diesel Oxidation Catalyst) & Catalyst (Platinum, Palladium and Rhodium).
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Automotive Catalytic Converter Market and what are their strategies?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Standard Motor Products Europe Ltd., Automotive Catalytic Converter market are Faurecia SA, BASF Catalysts LLC, Benteler International AG, Magneti Marelli S.P.A, Tenneco Inc., Calsonic Kansei Corporation and Eberspaecher GmbH Holding & Co.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.