Catalytic Converter Market Analysis, Segments, Growth and Value Chain 2020 – 2027
Market Summary Market Size – USD 40 Billion in 2018, Market Growth - CAGR of 8.4%, Market Trends – Product launches and research for low cost catalytic converters. According to the current analysis of Reports and Data, the global catalytic converter market was valued at USD 40 Billion in 2018 and is expected to reach USD 75 Billion by year 2026, at a CAGR of 8.4%. The study covers catalytic converters, which are used to treat the harmful exhaust gasses and reduce them into less-harmful exhaust gasses. Further key findings from the report suggest • Catalytic Converter market is growing at the highest rate in Asia Pacific followed by North America and Europe. • Generators, forklifts, mining equipment and locomotives make up about 20-25% of the market share for catalytic converters. • As of 2018, Palladium and Rhodium are the preferred type of materials that are used for the manufacture of catalytic converters in the global market. They hold more than 80% of the category share. The use of Platinum has significantly fallen during the past, high cost associated with the metal is the prime reason for this www.reportsanddata.com
Key Players: BASF SE, Continental, Faurecia, Benteler International AG, Eberspacher, Magnaflow, Johnson Matthey, Umicore, Tenneco-Walker, CDTi Advanced Materials Inc. Segmentation: • Type (Revenue, USD Million; 2016–2026) • Two Way • Three Way • Diesel Oxidation Catalyst • Material Type (Revenue, USD Million; 2016–2026) • Palladium • Rhodium • Platinum
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Regional Catalytic Converter Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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