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Automotive Catalytic Converter Market Poised to Grow at a CAGR of 5% by 2024


Infinium Global Research has added a new report on Automotive Catalytic Converter Market. The report presents analysis of global as well as regional markets of automotive catalytic converter market over the period of 2016 to 2024. The catalytic converters are accountable for the emission control by converting the toxic gas into non-toxic gases. Harmful carbon monoxide and hydrocarbons are converted to water vapor and carbon dioxide. The Catalytic converters assembly consist of a substrate, mat, shell, and cones. The materials used for the catalyst converter should be able to provide good thermal properties, corrosion resistance, and strength. The catalyst converter is classified because of their mounting positions. The first one is the maneuverer welded on the manifold. The second one is a closed coupled converter that is placed at a distance between 350 and 650 mm from the engine head-face. The third one is the underbody converter placed after the flexible coupling or beyond 650 mm. The suitable converters are selected and positioned in the exhaust system to meet the required emission standards.



Growing environmental concerns and strict exhaust emission laws are the major factors driving the automotive catalytic converter market. Additionally, growing automotive industry is further facilitating growth in the automotive catalytic converter market. There is a significant growth in the sales of passenger vehicles in the Asia Pacific and Latin America region. Besides this, increasing inclination and stringent government regulations towards the adoption of electric vehicles to further facilitate growth in this market. Moreover, rising disposable income in many developing nations to fuel growth in the automotive catalytic converter market. In addition, introduction of electrical scooter and electric motorcycles are anticipated to boost the growth of the automotive catalytic converter market over the forecast period. On the other hand, increasing demand for fuel-efficient vehicles and increase in advancement in material technology are anticipated to provide several opportunities for the growth of the automotive exhaust systems in the upcoming years. On the other hand, the prominent players are anticipated to reduce the price tensions produced by regional players with the establishment of the strong footprint can led to increased profits. Moreover, with the adoption of new technologies the automotive catalytic converter market offers several benefits such as reduced carbon dioxide emissions and improved fuel consumption.



Asia Pacific region emerged as the largest region for the automotive catalytic converter followed by Europe. Asia Pacific region houses 60% of the global population. Countries such as China, India, and Japan have highest number of passenger car sales. In addition, the sales of the motorcycle is the highest in the countries like India, China, Vietnam, and Indonesia. These automotive catalytic converter systems are utilized in these two-wheelers and 4-wheelers that makes Asia Pacific market the leading region for the automotive catalytic converter market. Besides this, Asia Pacific region has high number of local manufacturer that manufactures automotive catalytic converter. With rising economy and high disposable income countries and increasing awareness about the noise pollution and fuel consumption, the Asia Pacific region to remain dominant in this market, throughout the forecast period. On the other hand, growing environmental concerns and stringent exhaust noise laws are anticipated to maintain the dominance in the North American and European markets in the upcoming years. Moreover, automotive sales in this region is expected to witness modest growth in the coming years. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global automotive catalytic converter market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.



Get 15% discount for early purchase of global automotive catalytic converter market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1059

 

The recent report identified that Asia Pacific dominated the global automotive catalytic converter market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the automotive catalytic converter market worldwide.

 

The report segments the global automotive catalytic converter market on the basis of Converter Type and Vehicle Type.

 

Global Automotive Catalytic Converter Market by Converter Type

·          Two Way Catalytic Converter

·          Three-way Catalytic Converter

·         Diesel Oxidation Catalyst

·         Others

 

Global Automotive Catalytic Converter Market by Vehicle Type

·         Passenger Cars

·         Commercial Vehicles

 

Companies Profiled in the Report

·         Faurecia

·         Tenneco     

·         Benteler International AG  

·         Magneti Marelli S.P.A

·           Eberspacher Group

·           Futaba Industrial Co. Ltd 

·         Calsonic Kansei Corporation 

·          Sango Co.Ltd.

·         Yutaka Giken Co. Ltd.

·         BASF

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.




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