The global automotive catalytic converter market size is expected to reach $183.4 billion by 2022, registering a CAGR of 7.7% from 2016 to 2022. Automotive catalytic converter reduces the emissions in the automobiles by removing toxic compounds such as carbon monoxide, nitrogen oxide, and hydrocarbon from the exhaust system of vehicles. The manufacturers are engaged in the development of advanced catalytic converters that extensively diminish the toxicity of the emissions as well as improve automobile efficiency. Stringent emission standards such as the Bharat Stage V & VI in India that are based on the European Standard Euro V and Euro VI have made catalytic converter installations mandatory for automobile assemblers.
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.
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Growth in adoption of stringent emission norms and rise in vehicle production & sales worldwide are the major factors that drive the market growth. Increase in demand for electric & hybrid vehicles and high R&D expenditures restrain the market growth. Increase in vehicle penetration in the emerging nations is projected to provide lucrative opportunity to the market from 2014 to 2022.
The global market is segmented based on type, catalyst, and geography. By type, the market is segmented into two-way oxidation catalytic converter, three-way oxidation-reduction catalytic converter, and diesel oxidation catalyst. In terms of catalyst, the market can be categorized into palladium, platinum, and rhodium. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Major players in the automotive catalytic converter market are Faurecai SA, BASF Catalysts LLC, Eberspaecher GmbH Holding & Co., Magneti Marelli S.P.A, Tenneco Inc., Benteler International AG, Calsonic Kansei Corporation, SMPE, and Clean Diesel Technologies Inc.
This report provides an in-depth analysis of the global automotive catalytic converter market trends and future estimations to identify lucrative investment opportunities This report identifies the key drivers, opportunities, and restraints that shape the market along with their impact analysis Porter’s Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks Market estimation of geographical regions is based on the current market scenario and future trends.
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Market Segment Analysis: The document provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, aggressive panorama evaluation, and key regions development reputation. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analysed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
The market is automotive catalytic converter segmented based on type, catalyst, and geography.
Two-Way Oxidation Catalytic Converter Three-Way Oxidation-Reduction Catalytic Converter Diesel Oxidation Catalyst
North America Europe Asia-Pacific LAMEA
Market Players in Value Chain
Faurecia SA BASF Catalysts LLC Eberspaecher GmbH Holding & Co. Magneti Marelli S.P.A Tenneco Inc. Benteler International AG Calsonic Kansei Corporation Standard Motor Products Europe Ltd.
Other players in the value chain include (profiles not included in the report)
Clean Diesel Technologies Inc. BOSAL Group Futaba Corporation HJS Emission Technology GmbH & Co. KG Jetex Exhausts Ltd.
What is the goal of the report?
The market report presents the estimated size of the Semiconductor and Electronics market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyses the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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Characterize, depict and conjecture 2030, by type, application, end client and district.
Give venture outside climate examination and PESTEL investigation.
Give systems to organization to manage the effect of COVID-19.
Give market dynamic investigation, including market driving variables, market advancement requirements.
Give market passage technique examination to new players or players who are prepared to enter the market, including market section definition, client investigation, circulation model, item informing and situating, and cost system investigation.
Stay aware of global market drifts and give examination of the effect of the COVID-19 plague on significant districts of the world.
Examine the market chances of partners and give market pioneers subtleties of the serious scene.
The report conveys an exhaustive investigation of the relative multitude of portions and offers data with respect to the main districts on the lookout. This report additionally states import/send out utilization, organic market Figures, cost, industry share, strategy, value, income, and gross edges.
Significant Questions tended to through this Research Report:
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Which are the significant central participants and contenders?
What will be the market estimate of the market?
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What are the Restraints, dangers, and difficulties before the market?
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How computerized impression assists with growing the business structure and monetary results?
Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments’ initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.
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