Global Automotive Catalytic Converter Market Size to be Valued Close to US$ 76.5 Billion by 2025


Posted October 26, 2018 by amarsasane

“Automotive Catalytic Converter Market” report includes - Industry Future Trends, Growth Opportunity, Experts reviews and forecast period (2018-2025).

 
Global Automotive Catalytic Converter Market overview:

Global Automotive Catalytic Converter to reach USD 76.5 billion by 2025.

The Global Automotive Catalytic Converter valued approximately USD 41 billion in 2017 is anticipated to grow with a healthy growth rate of more than 8.12% over the forecast period 2018-2025.

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The major drivers of the automotive catalytic market are rising vehicle production and stringent government standards. Catalytic converter forms one of the most critical components that are used in every automobile produced, to reduce the toxicity of the emissions in a vehicle by removing harmful substances in the exhaust systems.

 The major restraining factor of automotive catalytic converter rise in demand for electric vehicles volatile precious metal prices. Now a days, nanoparticles for catalytic reduction trending in automotive catalytic converter. A catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction (an oxidation and a reduction reaction).

Catalytic converters are usually used with internal combustion engines fueled by either gasoline or diesel-including lean-burn engines as well as kerosene heaters and stoves. The catalytic converter's sole purpose is to reduce the amount of harmful pollution produced by the combustion of hydrocarbon-based fossil fuels in cars.

In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in automotive catalytic converter over the forecasted period 2018-2025. Asia-Pacific is estimated to hold a prominent share of the automotive catalytic converter market. Developing countries, such as India and China, are significant players boosting the demand for the automotive catalytic converter. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of automotive catalytic converter over the coming years. Asia Pacific region is contributing towards the growth of global Automotive Catalytic Converter and anticipated to exhibit higher growth rate over the forecast period 2018-2025.

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Major Key Players:

1 Faurecia SA

2 BASF Catalyst LLC

3 Eberspaecher GmbH Holding & co

4 Magneti Marelli S.P.A.

5 Tenneco Inc

6 Benteler International AG

7 Calsonic Kansei Corporations

8 Standard

9 Motor Products Europe Ltd

10 Clean Diesel Technologies Inc and More………..

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 Asia Country (China, Japan, India)

3 Europe Country (Germany, UK)

4 Latin America (Brazil, Mexico)

5 Rest of the world (RoW)

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Table of Contents:

Global Automotive Catalytic Converter Market Report 2018

1 Executive Summary

2 Advanced HVAC Controls Market Definition and Scope

3 Advanced HVAC Controls Market Dynamics

4 Advanced HVAC Controls Market Industry Analysis

5 Automotive Catalytic Converter, by Type

6 Automotive Catalytic Converter, by Catalyst

7 Automotive Catalytic Converter, by Regional Analysis

8 Competitive Intelligence

9 Research Process

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Tags automotive catalytic converter , automotive catalytic converter industry analysis , automotive catalytic converter market , automotive catalytic converter market size , global automotive catalytic converter market
Last Updated October 26, 2018