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Catalytic Converter Market 2018
Catalytic Converter Market Share, Size, Trends, And Business Opportunity Analysis Report 2018
include historic data, with forecast data to 2023. Catalytic Converter Market report is helpful
for future strategy development, and to know about Market Drivers, Restraints, Opportunities,
And Global market size, share, Growth, Trends, key players forecast to 2023
Global Catalytic Converter Market Information Report, By Product (Two-Way Catalytic
Converter, Three-Way Catalytic Converter, Diesel Oxidation Catalyst, Others), By Material
(Platinum, Palladium, Rhodium, Others), By Application (Entry-Level Segment, Mid-Size
Segment, Full-Size Segment) and By Region - Forecast to 2023
The catalytic converter market is expected to grow over the CAGR of around 7.5% during the
period 2017 to 2023.
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Market Scenario:
Catalytic converter is a device used in the exhaust system of an automobile for the removal of
harmful gases such as carbon monoxide, nitrogen oxide and hydrocarbon from it. The catalytic
converter also helps in improving the efficiency of vehicles.
The major driver for the growth of the catalytic converter market can be attributed to the
introduction of stringent rules and regulations by the government of various nations worldwide
with the objective of protecting the environment and preventing the hazardous effects of
global warming. The increase in demand for automobiles is also driving the growth of the
catalytic converter market. The huge investments made by the automobile manufacturers for
research and development so as to reduce the effect of harmful gases emitted from the
vehicles can also be associated with the growth of the market.
The Key Players of Catalytic Converter Market Are:
Faurecia SA (France), Benteler International AG (Germany), Eberspächer Group(Germany),
Calsonic Kansei Corporation (Japan), Yutaka Giken Company Limited (Japan), Tenneco, Inc.
(U.S.), Futaba Industrial Co., Ltd. (Japan), Sango Co., Ltd (Japan), Magneti Marelli S.p.A
(Italy), Bosal International N.V. (Belgium) and others.
Regional Analysis:
The Europe region is expected to dominate the catalytic converter market owing to the high
presence of automobile manufacturers in the region. Rapid research and development