Analysis of catalytic converter market in global industry, technology, applications , growth and status 2021
Catalytic Converter Market is reach USD 55.16 Billion by 2021
The catalytic converter market is driven by factors such as stringent emission and fuel efficiency regulations around the globe as well as rising vehicle production, sales, and parc. The catalytic converter market was estimated to be USD 37.45 billion in 2016, and is projected to grow at a CAGR of 8.05% during the forecast period. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.
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Target audience manufacturers of the automotive catalytic converter raw material manufacturers of automotive catalytic converter components traders, distributors, and suppliers of automotive catalytic converter components or raw materials regional manufacturer associations automotive oems organized and unorganized aftermarket suppliers automotive catalytic converter recyclers government’s national and regional environmental regulatory agencies or organizations
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Selective catalytic reduction (SCR) is projected to be the largest catalytic converter type� SCR is projected to dominate the catalytic converter market, in terms of value, by 2021. SCR is commonly used in diesel fueled vehicles. Asia-oceania and europe are the leading regions with the highest number of diesel powered vehicles, and hence, these regions are leading the global SCR market. Additionally, europe has implemented the euro 6 regulations, in which nox emission limits have been reduced to 0.08 g/kwh (light-duty diesel vehicles) from 0.18 g/kwh in euro 5.
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Global players: The catalytic converter market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Faurecia SA (France), tenneco, inc. (U.S.), Eberspacher group (Germany), benteler international AG (Germany), and magneti marelli S.P.A. (Italy). There are certain key innovators gaining attention in the catalytic converter market including amminex emissions technology (Denmark), toyota motor corporation (japan), and SDC materials (U.S.). Get 10 % Free Customization
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Browse 90 market data tables and 61 figures spread through 164 pages and in-depth TOC on "catalytic converter market by type (three-way catalytic converter, selective catalytic reduction, diesel oxidation catalyst, and lean nox trap), material (platinum, palladium, rhodium), region, and aftermarket by region - global forecast to 2021“
this study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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