Market Research Reports Automotive Catalytic Converter Market 2018 - 2025

Automotive Catalytic Converter Market
will be Valued at US$ 76.5 Billion globally
by 2025
“Global Automotive Catalytic Converter Market Report 2018”
report provides the newest industry data and industry future
trends, allowing you to identify the products and end users driving
Revenue growth and profitability. The industry report lists the
leading competitors and provides the insights strategic industry
Analysis of the key factors influencing the market.
Global Automotive Catalytic
Converter Market Overview:
The
Global
Automotive
Catalytic Converter Market is
Valued at USD 41 Billion in
2017 and will reach USD 76.5
Billion by the end of 2025,
growing at a CAGR of 8.12%.
According to the market
report analysis, 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.
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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. Catalytic converters are usually used with internal combustion engines fueled by either